Compensation Manager, Lending Club
$125-150k
2+ days a week in office
Online personal loans
Posted today
Online personal loans
1001+ employees
Posted today
$125-150k
2+ days a week in office
1001+ employees
Company mission
To transform the banking system to make credit more affordable and investing more rewarding. Its technology platform enables it to deliver innovative solutions to borrowers and investors.
Role
Who you are
- 4+ years of experience in compensation or HR
- Bachelor's degree in Economics, Finance, Statistics, Mathematics, HR, Business or related discipline; or equivalent work experience
- Strong knowledge of compensation fundamentals including job evaluation, market pricing, equity mechanics, bonus/incentive and commission administration, pay structures, pay ranges, compensation analysis, testing, auditing, and reporting
- Excellent verbal, written, and interpersonal communication skills
- Proven ability to manage multiple priorities, meet deadlines, and maintain high attention to detail
- Self-motivated, organized, and detail-oriented
- Strong analytical and quantitative skills with the ability to interpret data and build meaningful models, reports, and metrics
- Proficiency with Workday, Excel, and PowerPoint
What the job involves
- We are seeking a Compensation Manager to help us attract, retain, and motivate the best talent by providing analysis, consultation, and insight into compensation-related matters. In this role, you will work cross-functionally and partner closely with leaders to plan, develop, implement, communicate, and administer compensation programs that support LendingClub’s overall strategy.
- Your work will span day-to-day administration, benchmarking, short- and long-term incentives, survey analysis, compensation processes, and more. You will report directly to the SVP, Total Rewards & People Operations
- Support the day-to-day administration of compensation programs, including requisition approvals, offer approvals, job matching, and related activities
- Serve as a subject matter expert for critical compensation programs and processes such as bi-annual compensation cycles, pay equity analysis, compensation guidelines, job families and annual salary reviews
- Lead efforts in compensation survey participation, annual benchmarking, and market research reviews
- Partner with HR and business leaders on ad-hoc studies, projects, and analysis
- Apply expertise in quantitative analysis to measure and track key metrics, helping inform and guide business decisions
- Facilitate the administration of incentive compensation reviews and payment processes
- Drive self-service and automation opportunities within compensation processes
Our take
Lending Club is a digital bank offering personal loans, auto loan refinancing, and debt consolidation to help individuals manage their finances. It provides flexible loan terms and competitive rates for a variety of needs, as well as high-yield saving and cash-back checking accounts, designed to help customers grow their money.
Focusing on digital solutions, Lending Club removes traditional brick-and-mortar branches, passing the savings on to customers through low fees and better rates. Connecting borrowers with investors in a marketplace model and offering fast loan approvals and competitive interest rates. And it's working, as the platform boasts over 5M members.
To bolster this success, the company acquired Tally Technologies' intellectual property (IP) in a strategic move to enhance its credit management services. By integrating Tally's technologies, Lending Club is set to strengthen its offerings and further improve customer engagement for a future of growth in the digital banking space.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-8% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Apr 2014
$65m
GROWTH EQUITY VC
Nov 2013
$57m
GROWTH EQUITY VC
Total funding: $332m
Company benefits
- Untracked vacation for salaried employees, which means take it when you need it, and generous paid time off for hourly team members
- A hybrid work model that balances in-office and work from home
- Leading health and safety protocols related to COVID, including complimentary at-home testing kits from Cue Health for those coming to the office
- Up to 16 weeks paid leave for new parents, plus a fully paid, phased return-to-work policy for qualified leaves
- Mothers Rooms and hospital-grade pumps in every LC office
- Generous and varied mental health benefits
- Wellness program with cash incentives — earn up to $75 per month for being active
- Paid volunteer time and donation matching
- Onsite gym, locker room, bike room, and fitness classes (depending on location)
- Café with our own in-house barista
- Stocked pantries with healthy snacks and drinks
- Technology-forward and collaborative office spaces
Company HQ
South Beach, San Francisco, CA
Leadership
Scott Sanborn
(CEO)Previously held leadership positions as the Chief Revenue Officer for publicly traded eHealth Insurance, President of RedEnvelope, Inc., and SVP at the Home Shopping Network. Joined LendingClub in 2010 and has worked as Chief Marketing Officer, Chief Operations Officer, and President before becoming the CEO in 2016.
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