Senior Compensation Manager, Betterment
$160-185k
+ Equity
More information about location
3 days a week in office
Banking and investment app
Posted today
Banking and investment app
501-1000 employees
Posted today
$160-185k
+ Equity
More information about location
3 days a week in office
501-1000 employees
Company mission
To make people’s lives better.
Role
Who you are
- The ideal candidate is analytical, process and detail-oriented, and thrives in a fast-paced, high impact culture that values clear communication and efficient execution
- 7+ years of demonstrated expertise in compensation and equity management, with a proven track record of designing and implementing successful compensation programs
- Experience in market analysis and external benchmarking for a range of positions from non-exempt to senior executive levels
- Experience in equity compensation structures, including RSUs and stock options
- Proficiency with HRIS, compensation, and stock plan admin tools, such as ADP, Pave, and Carta
- Advanced analytical skills, with the ability to manipulate and interpret large and complex data sets, and translate them into actionable insights and recommendations
What the job involves
- As a Senior Compensation Manager reporting to the Chief People Officer, you will drive the development of scalable, sustainable and equitable compensation and equity programs to attract and retain top talent.
- You will play a critical role in shaping our compensation philosophy and ensuring alignment with industry best practices, internal equity, and market competitiveness.
- Analyze data for compensation programs, including salary, incentives and equity awards that align with the company’s objectives for recruiting, retention, and employee engagement
- Participate in compensation surveys, conduct research and analysis on market competitiveness, and compensation trends
- Conduct benchmarking analysis to develop job families and compensation packages to maintain the job architecture and support the strategic growth of the business, as needed
- Support in operational areas of compensation including, but not limited to, compensation planning cycles, system administration and testing, job leveling, salary structures support, federal, state and local wage compliance reporting, reconciliation, and other compensation analytics
- Build and maintain a competitive equity compensation strategy that motivates performance, is fiscally responsible, and supports the attraction and retention of high-performing talent
- Support the equity program and process, including ad-hoc analysis, contribute to projects related to equity and prepare equity grant schedules for the Board of Director’s Compensation Committee
- Provide accurate and complete reporting to record the monthly stock-based compensation expense and ensure that all equity-related internal controls are operating effectively
- Prepare reports and presentations to key executives and the Board of Directors on compensation trends, program effectiveness, and strategic recommendations
- Work closely with HR business partners, Recruiting, Finance, and other teams to ensure alignment and integration of compensation programs
- Collaborate on and help guide communication strategies to effectively convey compensation programs and changes to employees
Application process
- In the interview process, we’ll look to learn more about your skills, experiences, capabilities, and motivators. Many of our questions will be aimed at understanding how you might operate here at Betterment.
- Depending on the role, we may ask you to complete a case study exercise or technical assessments, as we want to collect a robust set of data points to better inform our decisions
- On average, it takes us around 3-5 weeks to make a hiring decision, depending on your availability and sense of urgency. As a best practice, we aim to interview at least 2-3 final round candidates before making a hiring decision.
- Please note that, as we usually receive an overwhelming number of applications for open positions, we’re unable to offer individual feedback during the interview process
Our take
Betterment is an app-based investment platform that provides personal finance data and guidance to retail users through a range of real-world data and AI analytics to deliver investment advice to customers.
The company has become the largest independent digital investment advisor in the U.S. Having expanded its 401k business, Betterment has entered the world of Crypto, partnering with Gemini to offer customized crypto portfolios and its "Crypto Investing by Betterment" platform.
Betterment has a wealth of competition in this increasingly crowded space. Other robo advisors offering similar services include Moneyfarm, Wealth Simple, M1 Finance and Personal Capital. Going forward, Betterment hopes to further distance itself from rivals as it further innovates its platform.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-6% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Sep 2021
$60m
SERIES F
Jul 2017
$70m
SERIES E
Total funding: $335m
Company benefits
- Health and wellness: Get comprehensive medical, dental, and vision, plus a free subscription to One Medical.©
- Generous time off: We encourage you to take time off (seriously) and get the rest you need to do your best work.
- Paid parental leave: We welcome new additions to your family with 12-18 weeks of parental leave.
- Matching benefits: We offer a 401(k) match and a match on qualified student loan payments
- Equity: Gain stake in Betterment’s success with company equity grants.
- Free food: Snacks, beverages, and catered lunches at our NYC HQ
- Long-term health resources: We provide LGBTQIA+ transition and fertility support.
- Find your community: Make connections through seven employee affinity groups and a social calendar of hybrid events.
Company values
- Pursue happiness
- Start with the customer
- Build relationships beyond the task
- Own it and lead it
- Iterate to breakthrough
- Embrace efficiency
- Create enduring quality
Company HQ
Flatiron District, New York, NY
Articles
Leadership
Jonathan Stein
(Board Member)After studying Economics at Harvard, Jonathan worked as a Consultant at First Manhattan Consulting Group for over 4 years. He founded Betterment in 2007, serving as CEO until 2020 when he stepped down to Chairman of the Board.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 14 more jobs at Betterment