Senior Manager of Compensation, Affirm
$182-255k
Salary dependent on location
More information about location
POS installment loans
Be an early applicant
POS installment loans
1001+ employees
Be an early applicant
$182-255k
Salary dependent on location
More information about location
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- The ideal candidate will draw on deep experience in incentive plan design to create plans that are clear, motivational, and that drive the right behaviors to serve our customers and merchants, deliver on key business goals and support our pay for performance culture
- 10+ years experience, with at least 7+ years in Compensation
- 2+ years experience with incentive compensation design in a fintech or financial organization
- Proven, highly-successful experience collaborating with Senior Leadership in the Business, Finance, Legal and People functions
- Progressive experience with increasing levels of responsibility in identifying, consulting, designing, recommending, and implementing efficient, innovative business solutions
- Deep subject matter expertise, including trends, thought leadership and practical hands-on design work
- Ability to think strategically and creatively from philosophy through to execution
- Highly skilled at analytics (advanced Excel skills at minimum), data visualization, planning, process efficiency, organization, critical thinking, and delegation
- Excellent business acumen and judgment; strong team orientation with collaborative style; able to maturely handle sensitive and confidential information
What the job involves
- We are looking for a dynamic individual to lead the design of Incentive Compensation programs across all areas of Affirm’s business
- This role will own and maintain a design process that delivers effective incentive compensation programs
- This role sits in Total Rewards
- Support Affirm business priorities, values, and culture by leading the design of Affirm’s incentive compensation programs
- Own and maintain the annual incentive design process, including process requirements, documentation, and governance
- Collaborate with key stakeholders across Business leadership, Revenue Operations, Finance, Legal, and People to understand their needs, solve business challenges, and ensure successful design and deployment of incentive compensation programs
- Serve as a thought leader in incentive plan design and provide guidance, direction and recommendations to Business leaders on best practices in design, caring for the needs of the business while appropriately managing risk
- Lead, manage and streamline all elements of the design of our incentive compensation programs
- Analyze trends, research best practices, monitor economic conditions, maintain awareness of local legal/regulatory requirements and make recommendations for program revisions and development
- Lead the development and creation of incentive plan communications, documents and roll-out materials to ensure that leaders and employees have a solid understanding of plan design, mechanics and administration; ensure communications are well planned and effectively implemented
- Partner with our Revenue Operations and Finance teams on recommendations regarding ongoing plan management matters. Provide guidance to plan administrators to ensure actions are consistent with plan terms and across plan participants
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boating over 15 million customers and 245,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Spending wallets
- Supportive communities
- Remote-first workforce
- Generous time off
- Health benefits
- Mental healthcare
- Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- We offer 24 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & development
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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