Senior Director, Total Rewards & Executive Compensation at OppLoans

| Chicago
Sorry, this job was removed at 11:21 a.m. (CST) on Tuesday, February 9, 2021
Find out who's hiring in Chicago.
See all HR + Recruiting jobs in Chicago
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
Growth with a Purpose 

OppLoans is a rapidly growing Fintech company that helps credit-challenged consumers build a better financial path through accessible products and five-star customer service. As one of Chicago’s fastest-growing startups, we’ve made the Crain’s Business Chicago Fast 50 (#4 in 2019) and the Deloitte Technology Fast 500 (twice), and we’ve ranked in the top 10% of the Inc. 500 four years in a row!  

OppLoans is a team of caring and inventive “Opptimists” with diverse perspectives and backgrounds. OppLoans employees approach every new challenge with an unparalleled ability to see what could be rather than settle for what is. We want people to be excited to come to work every morning and know they are a part of something great. That’s why we prize collaboration, collegiality, and letting the best ideas win the day.

What you get to do: 

As the Senior Director, Total Rewards & Executive Compensation, you will lead the design and execution of our Total Rewards strategy targeted at attracting, retaining and engaging talent in support of meeting both the short-term and long-term talent needs of the company. You will lead a specialized team focused on the daily operations of employee compensation, recognition, benefits, HR technology, and talent analytics. Equally important, you will be responsible for the daily management of activities associated with executive pay, programs and policies. You will also build an analytics function that enables us to leverage a diverse set of talent data to predict the needs of our workforce & business and adapt our talent strategy accordingly. Longer-term, you will drive the transition from private to public company compensation practices. You will report directly to the Chief People Officer.

Key Responsibilities

  • Advance the strategic design and execution of our Total Rewards Programs in line with our business needs, culture, and values including our pay philosophy, benefits enhancements, salary and incentive structures, pay budgets and equity analysis.
  • Use knowledge of market conditions, peer compensation programs, industry trends, and competitive talent landscape to design tailored strategies for compensation across our job levels and departments.
  • Conduct comprehensive analysis of current and potential executive compensation programs and manage the design, implementation, administration, maintenance, and reporting of all executive and equity compensation programs.
  • Engage with partners across Finance, Legal and Controllership on accounting and regulatory aspects of executive compensation programs.
  • Review the mix of benefits offered to employees and assess their effectiveness; make recommendations to vary offerings based on current best practices, cost, and utility of benefits to employees.
  • Work with benefits providers on renewals or service bids, use experience, cost management, and plan design options; review vendors' performance and recommend changes to leadership.
  • Build an outstanding talent analytics function using HR technology platforms and people & our data to provide analytical insights to business leaders and to influence key workforce and talent decisions.
  • Lead Compensation Committee meetings to drive annual recommendations for executive compensation, equity programs and other analysis requested by the Committee.
  • Longer-term, lead the preparation and management of essential elements of our annual proxy statement including Compensation Discussion & Analysis (CD&A) and compensation tables; support shareholder outreach efforts relating to Say-on-Pay and other HR or executive compensation-related proposals; and monitor policies and pay-for-performance methodologies of proxy advisory firms to shape our OppLoans executive compensation framework and practices.
What you will bring to the team:
  • 10+ years of experience dedicated to the total rewards or compensation function in both public and private technology companies with 5+ years in a leadership capacity; experience working in a highly regulated industry preferred.
  • Experience implementing best practices around incentive-based compensation strategies, including bonus plans and various equity-based LTI plans specifically in terms of transitioning from private to public company compensation practices.
  • In-depth knowledge of Legal, Accounting, Financial, Tax, and Regulatory effects on executive compensation.
  • Experience working and connecting with employees at all levels of the organization including senior leaders, the CEO and Board members.
  • Ability to explain complex ideas in a simple, clear manner and skillfully speak to compensation philosophy and best practices.
  • High level of proficiency in written work and analysis.
  • Excellent judgment in dealing with sensitive materials, confidential information, and time-sensitive matters.
  • Experience demonstrating resilience, perseverance, and influencing power regardless of the challenge. 
  • Ability to flex from strategic and long-term thinking to hands-on daily execution and project management.
Define your career at OppLoans

OppLoans is committed to providing an exceptional employee experience that allows you to define your career and purpose with us. New hire “Opptimists” go through orientation, shadow programs, a new hire lunch with our CEO, Jared Kaplan, and you can participate in different company culture events focused on diversity, equity, and inclusion. Our onboarding team has designed programs to make you feel welcome and part of our team during your first year and beyond. 

  • Define the Mission (days 1-30): You will understand our company mission, values, and vision, and how your role at OppLoans plays a part in that. 
  • Define your Goals (months 1-3): You will be able to understand your role expectations and identify goals with your manager and mentor(s) to fulfill those expectations. 
  • Define your Belonging (months 3-6): You will understand OppLoans’ culture and have opportunities to engage with and impact that culture. Employee-led communities and programs, like our wellness program Project Opptimism, are offered to help with community connection both virtually and in-person. 
  • Define your Journey (6 months - 1 year): You will feel confident in your abilities to execute in your role and know the next step you will take to develop your career. 
Compensation and Benefits

OppLoans offers a 401(k) matching program and paid vacation. Other benefits include medical benefits, including a free PPO medical option with BCBS for Employee-Only Plans, dental and vision coverage, and tuition reimbursement. To support your wellness, you receive a free gym membership at One Two Pru and a corporate discount on ClassPass packages. To get you to and from work, you can participate in our pre-tax commuter benefits program with CTA and Metra, park your bike in the One Two Pru bike storage room, and take advantage of discounted Divvy memberships. Dresscode is casual. Lunch is subsidized through Fooda and Sweetgreen, and healthy snacks and drinks are available all day at the office.

Our office is conveniently located in downtown Chicago with panoramic views of Millennium Park and Lake Michigan with rooftop access.  

EEOC Statement: 

We do not discriminate based on identity - race, color, religion, national origin or ancestry, sex (including sexual identity), age, physical or mental disability, pregnancy, veteran or military status, unfavorable discharge from military service, genetic information, sexual orientation, marital status, order of protection status, citizenship status, arrest record or expunged/sealed convictions, or any other legally recognized protected basis under federal, state, or local law.

OppLoans is committed to the full inclusion of all qualified individuals. As part of this commitment, OppLoans will ensure that persons with disabilities are provided reasonable accommodations. If reasonable accommodation is needed to participate in the job application or interview process, to perform essential job functions, and/or to receive other benefits and privileges of employment, please contact our People team at [email protected]

Pursuant to the requirements of the California Consumer Privacy Act, OppLoans is providing the "OppLoans California Employee Privacy Policy", which details the categories of personal information collected and your rights under the policy. If you are a California resident, please review the policy here: https://www.opploans.com/careers/

Read Full Job Description
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.

Technology we use

  • Engineering
  • Product
  • Sales & Marketing
    • RubyLanguages
    • ClojureLanguages
    • Google AnalyticsAnalytics
    • ConfluenceManagement
    • JIRAManagement
    • WordpressCMS
    • SalesforceCRM

Location

OppLoans is located in the heart of downtown Chicago, adjacent to Michigan Avenue and across the street from beautiful Millennium Park.
OppLoans' "People First" Ethos Inspires Employees to Make Great Tech
Watch

What are OppLoans Perks + Benefits

OppLoans Benefits Overview

Fully stocked kitchen with healthy snacks & drinks available.
Subsidized daily lunches.
CTA & Metra benefit program.
Free gym membership.
Free shuttle passes to Metra stations.
Casual dress policy.
Discounted Divvy memberships.
401(k) match program.
Free OppLoans apparel.
Competitive salary and benefits package.
Fun, fast-paced work environment.
Employee and peer recognition program.
Dynamic start-up culture and environment.
Ability to make an immediate impact in a growth stage company.
Flexible paid vacation policy.
Free health benefit options.
Intramural sports leagues.
Weekly office events (happy hours, massages, game nights, private yoga sessions, catered
breakfasts, etc.).
Dual monitors and stand-up work stations.
Convenient downtown Chicago office located in the heart of the city.
Awesome panoramic office view of Millennium Park and Lake Michigan, with rooftop access.
Equal opportunity employer.

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Daily stand up
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Pair programming
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Someone's primary function is managing the company’s diversity and inclusion initiatives
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Life Insurance
Pet Insurance
Wellness Programs
Onsite Gym
OppLoans gym is a state-of-the-art fitness center free to all employees, and provides yoga, kickboxing and pilates classes on site.
Team workouts
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Game Room
Stocked Kitchen
Some Meals Provided
Happy Hours
Recreational Clubs
Relocation Assistance
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Time allotted for learning
Online course subscriptions available
Customized development tracks
Paid industry certifications

Additional Perks + Benefits

In addition to offering generous insurance benefits and 401(k) matching, we pride ourselves on a fun, collaborative and supportive company culture. Prior to COVID-19, this meant in-office events like game nights, bagel mornings and chair massages as well as semi-annual company parties. With all our teams working remotely right now, we’re holding digital events in their place, like trivia nights, Zoom cooking classes, movie nights, and coffee chats. Through our lifestyle benefits platform Fringe, employees can access discounted services that support a healthy work/life balance. We are always looking for ways to treat our employees well and show them they’re appreciated.

More Jobs at OppLoans35 open jobs
All Jobs
Finance
Data + Analytics
Design + UX
Dev + Engineer
HR + Recruiting
Internships
Legal
Marketing
Operations
Product
Sales
Design + UX
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Operations
new
Chicago
Data + Analytics
new
Chicago
Internships
new
Remote
Data + Analytics
new
Chicago
Internships
new
Remote
Marketing
new
Chicago
Operations
new
Chicago
Sales
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Developer
new
Chicago
Finance
new
Remote
Internships
new
Chicago
HR + Recruiting
new
Chicago
Product
new
Chicago
Data + Analytics
new
Chicago
Internships
new
Remote
Data + Analytics
new
Chicago
Marketing
new
Chicago
Marketing
new
Chicago
Developer
new
Chicago
Apply now
By clicking continue you agree to Built In’s Privacy Policy and Terms of Use.
Save jobView OppLoans's full profileSee more OppLoans jobs