Global Compensation Structures and Analytics Lead, SoFi
$115.2-216k
+ Bonus
Mobile & online personal finance services
Job no longer available
Mobile & online personal finance services
1001+ employees
Job no longer available
$115.2-216k
+ Bonus
1001+ employees
Company mission
To help people reach financial independence to realize their ambitions.
Role
Who you are
- University Degree (advanced degree preferred) in a relevant field
- Minimum of 6+ years of experience in broad-based compensation with at least 3+ years focused on compensation structure development and benchmarking
- Experience at a multinational company with direct experience developing structures in Latin America, including countries like Argentina, Brazil, Uruguay, and Ecuador
- Direct experience and familiarity with core survey providers like Radford, Willis Towers Watson, Mercer, and/or McLagan
- Deep technical competency including experience and knowledge of common analytics tools like Google Sheets/Excel, Access, SQL, VBA, or Tableau
- Experience properly securing, protecting, and managing sensitive and confidential data
- Excellent analytical, problem-solving, and decision-making skills, with the ability to manipulate and interpret large and complex data sets
- Strong communication, presentation, and influencing skills, with the ability to communicate effectively with different audiences and levels
- Highly collaborative, team-oriented, and customer-focused, with the ability to build and maintain positive relationships with internal and external stakeholders
What the job involves
- As the Lead Compensation Analyst, you will play a critical role in shaping SoFi Technologies’ competitive compensation strategy to attract, retain, and motivate top talent globally
- You will be responsible for using expert knowledge, technology, and data-driven insights to ensure we deliver global compensation structures that are market competitive and aligned with our compensation philosophy
- You also will lead our compensation data and analytics strategy, ensuring business leaders and cross-functional partners have access to compensation tools and insights that foster informed compensation decisions
- Leverage technology and sound practices to lead global benchmarking, structure development, and market pricing in support of our compensation philosophy and strategy. This includes base pay structures, bonus targets, and long-term incentive target amounts
- Provide deep expertise in navigating country-specific nuances and practices to ensure our compensation structures are locally relevant and competitive while remaining consistent with our global strategy and philosophy
- Provide recommendations for rewards program budgets based on comprehensive reviews of market data, compensation strategy, and business need
- Manage and enhance a global job architecture that supports organizational design, workforce planning, career development, and talent acquisition. Lead maintenance and update projects as needed
- Foster partnerships with stakeholders across People, Legal, Compliance, Finance, and Talent Acquisition teams to ensure compensation structures are fair, competitive, and aligned with business needs
- Leveraging Excel, Google Sheets, Microsoft Access, Tableau and other tools, develop compensation analytics and insights that inform and support compensation decisions for the compensation team, business leaders, and cross-functional partners
- Stay informed on trends and best practices in compensation structures, providing thought leadership and insights to the compensation team and broader business
- Successfully craft and deliver executive level summaries to influence senior management decision making
- Provide analytical and consultative support on a variety of compensation projects and initiatives
Our take
SoFi started by offering ways for students to secure better financial terms on their loans, and now offers a huge range of personal finance products, including bank accounts, loans, mortgages, investment advice, and investment opportunities. Many customers find they have to go to multiple financial service providers to meet all their finance needs, but SoFi overcomes this issue by putting it all in one place.
Its goal, to cover all the financial bases, sets them apart from many of the traditional banks and even some of their digital competitors, such as Avant, which has chosen to focus on providing credit alternatives. Although it is operating in a competitive market with a lot of big players such as Monzo, Revolut, and Starling, the company has managed to raise huge amounts of funding to support its rapid expansion.
SoFi has focussed on global expansion, moving outside the US, and has made a series of acquisitions to support this - including a Hong Kong-based investment app called 8 Securities. After going public on the New York Stock Exchange via a SPAC merger in June 2021, the company has continued to evolve and release more mission-oriented services into its roster, and strengthened its lending capabilities through a $350 million post-IPO loan. To date, the company has sold over $15 billion in personal loan collateral and continues to strengthen its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
7% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Jan 2021
$369.9m
LATE VC
May 2019
$500m
GROWTH EQUITY VC
Total funding: $2.7bn
Company benefits
- Comprehensive health, vision, dental, life insurance, and disability benefits
- Generous vacation and holidays
- Paid parental leave for eligible employees
- 401(k) and education on retirement planning
- Tuition reimbursement on approved programs, up to $5,250 per year
- Monthly contribution up to $200 to help you pay off your student loans
- Great health & well-being benefits including: telehealth parental support, subsidized gym program
- Flexible time off
- Fertility and family planning options
- Free financial classes
Company HQ
The East Cut, San Francisco, CA
Leadership
Anthony Noto
(CEO)Graduated from the U.S. Military Academy after being a telecommunications officer and captain in the U.S. Army. Has worked as Head of Gobal Telecommunications, Media and Technology at Goldman Sachs, been the COO of Twitter, and also the CFO of the National Football League.
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