Vice President of Total Rewards, Virta Health
$200-290k
+ Equity
Diabetes reversal treatment
Be an early applicant
Diabetes reversal treatment
501-1000 employees
Be an early applicant
$200-290k
+ Equity
501-1000 employees
Company mission
To reverse diabetes and obesity in one billion people.
Role
Who you are
- This role is ideal for a strategic yet hands-on leader who thrives in high-growth environments and has experience operating at the intersection of private and public company practices
- 15+ years of experience in total rewards, with a minimum of 5 years in compensation and 5 years in a leadership role. Experience at a public company is required, and pre-IPO experience is strongly preferred
- Deep knowledge of executive compensation, equity structures, benefits optimization, and compensation committee governance
- Familiarity with the requirements, challenges, and opportunities of transitioning from private to public, including SEC compliance and proxy reporting
- A track record of designing scalable, forward-looking total rewards strategies that support business goals
- Ability to lead, inspire, and develop a team of professionals, fostering collaboration and innovation
What the job involves
- We are looking for a visionary Vice President of Total Rewards to lead our compensation and benefits strategy to align with our high-performance culture and ambitious growth goals
- This leader will join a dynamic People team, inherit a team of talented total rewards professionals, and play a critical role in shaping the future of our organization
- Compensation Strategy: Redesign and implement a forward-thinking compensation strategy that aligns with our business objectives, supports a high-performance culture, and positions us competitively for an IPO and beyond
- Executive Compensation: Lead the design and administration of executive compensation programs, including equity, bonus structures, and market benchmarking. Partner with the Chief People Officer and BoD Compensation Committee to ensure compliance and competitiveness
- Equity and Long-Term Incentives: Develop strategies for equity and long-term incentives that support retention and value creation for employees at all levels
- Benefits Optimization: Evaluate and enhance our benefits offerings to meet the needs of a diverse, distributed workforce while controlling costs
- Compliance: Ensure compliance with applicable regulations, particularly as we transition to a public company, including proxy reporting and equity program administration
- Leadership and Development: Mentor and develop the Total Rewards team, ensuring they are equipped to deliver high-quality support across the organization
- Cross-Functional Collaboration: Work closely with Finance, Legal, and other stakeholders to align on budgeting, reporting, and governance
- Data-Driven Decision Making: Leverage analytics to provide actionable insights on compensation trends, equity usage, and workforce planning
- Within your first 90 days at Virta, we expect you will do the following:
- Assessment and Quick Wins:
- Conduct a comprehensive audit of current compensation, equity, and benefits programs
- Identify immediate gaps, risks, or inconsistencies and present recommendations to leadership
- Engage with key stakeholders to understand priorities and build strong partnerships
- Team Integration:
- Assess the Total Rewards team structure, skillsets, and capacity
- Provide clear guidance, roles, and responsibilities while fostering a culture of collaboration and growth
- Partner with leaders across the organization to understand workforce needs and ensure total rewards programs drive engagement and performance
- Develop close bonds with Finance and Legal to align on equity administration, budgeting, and compliance
- Strategy Redesign:
- Begin crafting a long-term compensation strategy, focusing on scalability and IPO readiness
- Start addressing critical issues such as market positioning, equity dilution, and retention strategies for top talent
- Lay the groundwork for public company compensation committee meetings, while cultivating a balance between deep internal alignment and market standards
Our take
Much of the care for type 2 diabetes has been based on control and prevention, rather than a direct reversal of the issue. Virta Health is changing that, providing patients with personalized treatment plans, virtual monitoring and patient care.
Instead of depending upon medication, which often needs to be increased over time, the company is tackling the problem at its root and taking a fundamentally different approach that is better for the patient, and more economical for insurers. Among enrolled patients in its clinical trial at one year, 60% achieved diabetes reversal.
While platforms like Vida Health also serve similar markets, the large number of prediabetic (88M) and diabetic (30M) Americans presents a significant opportunity for growth. Along with its significant funding round in 2021 fueling its efforts to expand the reach of its telehealth-powered diabetes reversal treatment. Positioning the company for widespread adoption and continued success in addressing this critical healthcare challenge.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Apr 2021
$133m
SERIES E
Dec 2020
$65m
SERIES D
Total funding: $373m
Company benefits
- Remote-first work environment with ability to work from home
- Flexible work hours & time off policy
- Virta pays 99% of all employee health insurance premiums, and 75% for all dependents
- Up to 16 weeks paid parental leave
- Enroll in the Virta treatment for free and give a discount to friends and family
- Internet, home office, learning & development stipends
- Employee Resource Groups like Parents of Virta, Ladies of Virta, and Virtans for DEI
- 401K and ROTH contribution opportunities
Company values
- People first - We take care of ourselves, our peers, and our patients equally
- Ownership - We empower our employees to do work that matters, and give our people autonomy to do their best work
- Impact - We focus on the important small steps to create the greatest positive impact. We prioritize impact over busy work
- No ego - We believe everyone has something to teach, and everyone has something to learn
- Transparency - Trust and empowerment are promoted through open access to information. We have integrity in everything we do
- Evidence-based - We follow the evidence, and prioritize data and science over seniority and dogma
- Risk taking & rapid iteration - We test, learn and repeat quickly: a failed test is a chance to learn. Progress is never sacrificed for perfection
Company HQ
Civic Center, Denver, CO
Articles
Leadership
Sami Inkinen
(Co-Founder & CEO)Worked on Microsoft’s strategy team for MS Office, and as a consultant for McKinsey & Company within the software, telecommunications, and government sectors. Co-founder of online real estate marketplace Trulia, serving as its COO until its IPO and eventual sale to Zillow Group.
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