Senior Compensation & Benefits Manager, Acorns
$131-163.7k
Saving & investing app
Job no longer available
Saving & investing app
501-1000 employees
Job no longer available
$131-163.7k
501-1000 employees
Company mission
To look after the financial best interests of the up-and-coming, beginning with the empowering step of micro-investing.
Role
Who you are
- Bachelor's degree in Business, Finance, Math or a related field and at least 12 years of experience focused on building, developing and scaling programs
- Ability to execute strategy, a keen ability to deliver against a plan with a strong bias for action, and a proven track record for driving, managing and scaling compensation and benefits programs through policies, processes, and systems
- Deep listening and exceptional stakeholder management skills
- Strong business acumen, data analysis skills and a deep understanding of equity/stock compensation
- Thirst for delivering game-changing products
- Exceptional drive and precision in delivery
- A belief that your work is tied to your life's mission
- Optimistic about the potential of societal change
What the job involves
- Within 1 month, you will:
- Meet with key stakeholders and leaders to become integrated into and understand the Acorns culture
- Learn end-to-end processes, policies and programs supporting compensation and benefits and identify efficiencies and other areas of opportunity
- Begin to document standard compensation and benefit operating procedures, were needed, including developing dissemination and communication plans
- Assume oversight of compensation and benefits activities supporting team member onboarding and off-boarding
- Provide analytical support and recommendations for ad-hoc compensation reviews and develop adjustment and retention recommendations
- Within 3 months, you will:
- Partnering with HR leadership and in alignment with Acorns’ principles and values, advance, guide, and implement our company-wide compensation and benefits strategy and programs to support the changing needs of Acorns team members
- Serve as a sponsor, strategic partner, and thought leader for compensation and benefits at Acorns by making data driven decisions, applying your deep expertise and by keeping updated on industry best practices, benchmarks, and the latest compensation approaches
- Collaborate closely with HR partners as a subject matter expert to provide consultation and guidance
- Continue the enhancement and maturation of the Acorns job architecture, including the creation of job descriptions and assignment of roles into the structure
- Serve as the primary subject matter expert to address compensation and benefits questions from both team members and managers
- Conduct regular audits of benefits carrier feeds
- Within 6-12 months, you will:
- Collaborate with HR and Finance leadership to execute, review and update the annual cash bonus and annual equity refresh programs
- Provide senior leadership with compensation support materials for Board review and approval
- Shepard the benefits renewal and open enrollment activities, including identifying and implementing opportunities to enhance benefit offerings
- Spearhead the compensation component of midyear and year-end promotion and merit adjustment processes
- Conduct competitive review of compensation and salary structure, updating as appropriate to ensure continued alignment with market
- Partner with Legal to address ad-hoc equity requests
- Identify trends and develop and implement new practices to engage and motivate team members
- Complete and submit all required compensation and benefits reporting
Our take
Acorns is an investment app for individuals and families, focusing on smaller scale investments, savings and retirement planning. The app allows you to set up accounts for yourself and your family members and, with money saving advice built in, its aim is to encourage saving.
Currently used by more than 8 million people, it uses bank-level security and offers a VISA credit card with the option to automatically save the ‘change’ from purchases. While there are certainly plenty of other financial wellness apps out there, Acorn has moved to set itself apart by enhancing its services through smart acquisitions such as student loan debt management company Pillar, AI based debt reduction startup Harvest, and retirement account company Vault.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
2% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Mar 2022
$300m
SERIES F
Jan 2019
$105m
SERIES E
Total funding: $504m
Company benefits
- Healthcare - Medical, Dental, Vision, Life, and more
- 401k
- Equity
- Flexible Paid Time Off
- Unlimited Udemy classes
- Monthly wellness hour and virtual yoga classes
- Flexible Work Hours
- Quarterly Team Outings
- Personal Development Plans
- Annual Compensation Reviews
- Recognition - Using a tool called Reflektive, we like to give shout-outs to teammates who raise the bar
- Bi-Weekly 1:1s
- MacBooks
- Commuter Benefits
- Flexible Work Options
Company HQ
Irvine, CA
Leadership
Walter Cruttenden
(Co-Founder & Chairman)Started Cruttenden Partners in 2001, when they also began working as Executive Director of Binary Research Institute. They co-founded Acorns in February 2012.
Jeffrey Cruttenden
(Co-Founder)They were a Partner at Cruttenden Partners, before co-founding Acorns with Walter in February 2012. In April 2017, they also co-founded Say.
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