Total Rewards Lead, Blend
$175-275k
+ Equity
Digital lending platform
Job no longer available
Digital lending platform
1001+ employees
Job no longer available
$175-275k
+ Equity
1001+ employees
Company mission
To provide better lending for everyone, streamlining the end-to-end customer journey for banking products.
Role
Who you are
- The ideal candidate would be comfortable working in a fast-paced and dynamic environment, preferably coming from a tech startup
- Bachelor's Degree in related field from a four-year college or university
- 10+ years of experience within corporate compensation with strong emphasis in executive compensation (5+ years) and equity administration (5+ years), including at SaaS companies
- Proven ability to develop, influence, and lead compensation strategies that align with company goals and contribute to broader talent and business initiatives, including within SaaS companies
- Proven ability to leverage data-driven insights and analytics tools to inform compensation decisions and communicate strategic recommendations to executive teams
- Experience with compensation data analysis tools and platforms, as well as the ability to design dashboards and reports to provide clear insights to senior leaders
- A strong collaborator who thrives in a dynamic, high-growth environment and can work cross-functionally to ensure compensation programs are aligned with business objectives
- Experience with HCM and stock administration platforms; experience with Workday a plus
- Motivated to deliver results quickly and accurately in a fast-paced environment
- Ability to analyze, synthesize, and interpret complex data
- Strong customer service disposition and sense of professionalism
- Strong communication skills, both written and verbal, along with the ability to effectively present information to senior executive leadership and internal and external partners
- Ability to take initiative and ownership with focus on continuous improvement
- Strong Microsoft Office skills, including advanced Excel and data analysis to perform complex calculations and model financial impact of equity/executive compensation plans
What the job involves
- Blend is seeking a Total Rewards Lead who will oversee the day-to-day analytical and consulting support for Broad-Based and Executive Compensation programs
- In this role, you will lead and participate in the design, implementation, and administration of compensation, pay grade, and salary & equity administration programs
- You will provide compensation analysis, benchmarking, reporting, and problem solving in support of these programs
- Provide strategic leadership and advice on aligning total rewards with business objectives, especially in a rapidly evolving SaaS environment
- Lead the design and administration of competitive equity programs that align with SaaS market practices
- Responsible for compensation activities including job evaluation, market pay analysis, internal impact analysis, cost projections, data audit & analysis, implementation, and communication strategies, to improve current compensation practices
- In partnership with Legal and Finance, prepare compensation-relevant public filings, e.g. proxy statement, Compensation Discussion & Analysis (CD&A), and related disclosures
- Assist with the coordination and development of meeting materials for the Compensation Committee and support executive compensation planning cycles
- Supports the Board of Directors compensation program and work with payroll and the Equity team to process Outside Director compensation
- Support efforts to enhance the effectiveness and accuracy of equity administration, including optimizing existing automation (i.e., HiBob, Charles Schwab), and manual processes
- Development & implementation of compensation structure that includes designing job levels, analyzing incumbent impact, mapping jobs, building pay structures and rollout to HR & executive leadership
- Craft meaningful internal communications around the value of our rewards, including conducting manager & employee rewards trainings
- Provide consultative advice as needed on all compensation issues and provide analytic support as needed
Our take
Recent years experienced a housing boom, with more than 13 million mortgages closing in the United States. This came despite restrictions limiting traditional ways of buying property. In short, the vast majority of housing deals were done online.
One of the companies fueling this upsurge was Blend, a digital banking platform with the aim of simplifying the mortgage process. The platform is used by major banks and financial institutions to offer mortgages and consumer loans, with Blend processing an average of $5 billion in transactions every day.
Due to the surge in demand, Blend’s revenue increased by 90% in the past few years. While we saw low-interest rates and a rise in demand for mortgage insurance, the demand for Blend’s services could wane if interest rates rise again. To counter any threats, Blend set out a "path to profitability" in 2023 that includes a 28% reduction in its employee base, a product suite enhancement sweep, and a shift in financial leadership.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 6 rounds)
Jan 2021
$300m
SERIES G
Aug 2020
$75m
SERIES F
Total funding: $665m
Company benefits
- Comprehensive health benefits
- Wellness program that covers a variety of activities, gym memberships, and more
- Partnerships to support all of life’s milestones: Origin Financial Wellness, Compsych Employee Assistance Program, RocketLawyer Legal Plan, and more
- Various leave programs including 16 weeks of paid parental leave with no tenure requirement
- Thoughtful, regular performance reviews
- Support for workshops and lectures to develop your craft
- Competitive compensation packages, meaningful equity, and 401(k) plan
- “Employee-first” environment, where most employees can work wherever they choose
- Flexible work schedule
- Open vacation policy
Company values
- Advocacy
- Authenticity
- Integrity
Company HQ
Chinatown, San Francisco, CA
Articles
Leadership
Nima Ghamsari
(Head)They studied Computer Science at Harvard before working for 4 years in Business Development and Engineering at Palantir Technologies. They left in April 2012 to co-found Blend in May.
Erin James Collard
(Board Director)Head trader at Peter Thiel's fund Clarium Capital Management, co-founded Blend and served as CFO for 6 years before stepping down.
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