Benefits Program Manager, Opendoor
$128-192.5k
Salary applicable to applicants in Colorado, Connecticut, Washington, California and New York City only
More information about location
End-to-end online platform for selling and buying homes
Job no longer available
End-to-end online platform for selling and buying homes
1001+ employees
Job no longer available
$128-192.5k
Salary applicable to applicants in Colorado, Connecticut, Washington, California and New York City only
More information about location
1001+ employees
Company mission
To power life's progress one move at a time.
Role
Who you are
- A minimum of 10+ years of relevant work experience leading Benefit Programs, or
- Bachelor's Degree in Human Resources, Business, Social Sciences, or related field AND a minimum of 8 years work experience in Benefits related roles
- Prior experience managing employee healthcare, retirement, and leave of absence benefit programs for US populations
- Prior experience supporting a Benefits function within a high-growth organization - ability to deliver timely and accurate information in a fast-paced environment
- Excellent Excel and Google Sheets skills
- Self-starter with a drive to collaborate and problem solve
- Strong communication skills, ability to simplify and clearly communicate concepts to employees
- Strong eye for business, particularly financial and analytical skills
What the job involves
- We are looking for a Benefits Program Manager to join our Total Rewards Team
- As a member of the team, you will be an active voice and key driver in how we deliver benefit solutions to our growing global population
- You will partner with key members of the People Team to help execute in the design and implementation of offerings across the organization
- As an expert in the world of benefits, you will thrive delivering thoughtful program solutions, you will find energy in working alongside a fast-paced team with a growth mindset
- Act as the Program Administration, responsible for all aspects of various benefits program management including daily administration, funding, management reporting and a focus on continual improvement in the employee experience
- You will liaise with finance and accounting to forecast annual benefits spend and track ongoing utilization
- Ensure compliance with all applicable legislation with respect to benefit plans including but not limited to ERISA, COBRA, and ACA
- Provide guidance to Benefits Coordinators, HR operations team, and third-party vendors on benefits administration responsibilities (which may include employee inquiries, claims assistance, benefits eligibility, billing, COBRA, leave of absences, disability)
- You will be a subject matter expert in US Benefits, with experience being advisor for large business verticals
- You will monitor trends and best practices and make recommendations towards implementation
- Identify and troubleshoot process breakdowns, build tools and standard operating procedures (SOPs). Implement recurring and ad-hoc audits to ensure accuracy
- Develop employee communications related to benefits programs
Our take
Opendoor makes selling homes easy and stress-free by cutting out the prolonged processing time usually involved with a sale. Sellers can offload a house quickly and easily to the company for cash and a 6-9% fee. Currently operating in a growing number of markets nationwide, Opendoor has chimed well with millennials who gel quickly with online businesses that offer solutions to problems they encounter.
This buying and selling model doesn't come without risk. The longer Opendoor keeps a property, the lower its profit margin. However, Opendoor's performance has been anything but disappointing; it went public in 2021, with its pre-SPAC merger presentation calling for $3.5 billion in revenue. Its actual revenue trounced it, coming in at $8 billion - more than double its estimate.
Opendoor's largest competitor, Zillow, dropped out of the space in late 2021 because it struggled to price the homes it acquired accurately. Opendoor's closest remaining competitor is Offerpad, which does just a fraction of the transaction volume that Opendoor does. With strong earnings coming out of 2024, OpenDoor is looking at transforming its operations in 2026, with new management, a volume-driven strategy and an acquisition spree expected. If Opendoor can continue to ride on its long-term success, it will have an enormous lead on existing and future competitors, positioning it to securely become the overwhelming market leader.
Steph
Company Specialist at Welcome to the Jungle
Insights
-19% employee growth in 12 months
Company
Funding (last 2 of 8 rounds)
Mar 2019
$300m
SERIES F
Sep 2018
$400m
SERIES F
Total funding: $1.5bn
Company benefits
- Save for tomorrow: Select our Pre-tax or Roth 401k plans to save towards retirement
- Healthy healthcare: Medical, dental and vision is 100% covered for employees
- Family planning: We offer specialty programs like Carrot, Cleo & Ginger
- Flexible vacation: Most of our team take at least 20 days off per year to decompress and be their best
- Resource groups: Join the group that works for you
- Income protection: 100% company sponsored: life insurance short term and long term disability
- Other: Flexible spending account, commuter benefit, employee assistance programs, and paid parental leave
Company HQ
Financial District, San Francisco, CA
Leadership
Kaz Nejatian
(CEO)Previously COO and VP of Product at Shopify, Lead Product Manager at Facebook and CEO & Co-Founder at Kash.
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