Counsel - Compensation

| Chicago

Job Description

About Guaranteed Rate:

The Guaranteed Rate Companies, which include Guaranteed Rate Inc. and Guaranteed Rate Affinity, LLC, have over 5,000 employees in a total of 700 offices across the U.S and funded $37 billion in 2019. Headquartered in Chicago, Guaranteed Rate, Inc. is one of the largest retail mortgage lenders in the United States. Founded in 2000 and licensed in all 50 states and Washington, D.C., it has helped homeowners nationwide with home purchase loans and refinances. The company has established itself as an industry leader by introducing innovative technology, offering low rates and delivering unparalleled customer service. 2017 marked the launch of Guaranteed Rate Affinity, LLC, a mortgage origination joint venture between Guaranteed Rate, Inc. and Realogy Holdings Corp. (NYSE: RLGY), a global leader in residential real estate franchising and brokerage. Collectively, the companies have earned honors and awards including: "Top Lender for Online Service" for 2018 by U.S. News & World Report; No. 3 ranking in Scotsman Guide's Top Retail Mortgage Lenders 2018; Chicago Tribune's Top Workplaces list for seven consecutive years; and Best Online Lender and Best Lender for FHA Streamline Refinance by NerdWallet in 2019. Visit rate.com for more information.

 

Job Description:

Guaranteed Rate is building a winning team to reinvent the mortgage experience through innovation, technology and a relentless focus on providing industry-leading mortgage products and superlative customer service. The Counsel, Compensation will embrace these efforts by supporting the Guaranteed Rate legal, licensing and compliance teams on contract, compensation, regulatory and employment matters and other special projects. The ideal candidate will be eager to learn, able to work independently, solve problems creatively, prioritize relentlessly, exercise business judgment soundly, and operate with a sense of urgency to get things done.
 

Job Responsibilities:

  • Compensation and employment related tasks including drafting and managing employment agreements, compensation plans and related addenda for employees of Guaranteed Rate and its affiliated companies.
  • Advise the business on various contact, compensation and regulatory issues and matters.
  • Draft and manage compensation plan templates.
  • Act as a liaison between the legal department and business operations, finance, human resources, compliance, and licensing for Guaranteed Rate with respect to compensation matters.
  • Manage key projects to address legal and compliance needs.
  • Assist the legal department with overflow work as necessary.

Experience/Qualifications/Skills:

  • 3-5 years of experience reviewing and drafting contracts and employment agreements.
  • Experience with employment matters and/or regulatory issues preferred.
  • Familiarity with the mortgage industry and the Loan Officer Compensation Rule, 12 CFR § 1026.36(d)-(e) is highly desired.
  • Ability to complete projects under tight timelines.
  • Willingness to learn the business and build strong relationships with internal stakeholders.
  • Detail-oriented with excellent organizational skills.
  • Self-motivated with strong work ethic.
  • Clear, concise and persuasive oral and written communication skills.
  • Solid business acumen with ability to work collaboratively and cross functionally.
  • Proven track record of multi-tasking and working under a heavy workload with changing priorities.
  • Strong analytical and problem-solving skills.
  • Resilient with a sense of humor.

Minimum Requirements

  • Skilled at Adobe Acrobat and Microsoft Outlook, Word, Excel and Power Point.
  • Graduated from an accredited Law School with a Juris Doctor degree.
  • Admitted to the Illinois Bar (or admission to a state bar of any jurisdiction in the United States and admitted to the Illinois Bar within a reasonable time following the commencement of the position).
  • Local candidates only.

    Guaranteed Rate is an Equal Opportunity Employer that welcomes and encourages all applicants to apply regardless of age, race, sex, religion, color, national origin, disability, veteran status, sexual orientation, gender identity and/or expression, marital or parental status, ancestry, citizenship status, pregnancy or other reason protected by law. #LI-CD1

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Location

3940 N. Ravenswood , Chicago, IL 60613

What are Guaranteed Rate Perks + Benefits

Guaranteed Rate Benefits Overview

• Our location rocks – right off the brown line at Irving Park. Our home base is a hip office with exposed brick and duct work, windows we can actually open during the summer, and an open floor plan. Rather than a cubicle life, we work in an open and collaborative environment.
• An in-house café offers breakfast, lunch and a late afternoon healthy snack. We subsidize all meals so you’ll never pay full price.
• Access to the office gym for only $20 a year. Yes, a whole year! There is also yoga, cross fit, and boxing offered for a very small fee. We want our folks happy, healthy, and feeling good.
• A FREE on-site nurse. Psshh who needs a doctor’s appointment when our nurse can do it all?
• A 5,000 square foot rooftop deck that’s available to everyone all day and all evening with WiFi, two bars, music, grills, fun umbrellas, a ping pong table, corn hole, and fire pits. All of this is offered when Chicago gives us those non-snow covered days.
• Holiday parties? We got’em!! Not just major holidays, any holiday. We also have monthly celebrations on our Rooftop.
• Inter-office contests like the Great Mac-Off, Chili Cook-Off and Limbo. We always keep you guessing, participating, and wanting more.
• 401k with percentage matching, Blue Cross health care coverage (yup, dental and vision too), short-term disability, life insurance, and even legal assistance (for a small monthly fee)…and did we mention the awesome rooftop deck?

Culture
Volunteer in local community
Partners with Nonprofits
Friends outside of work
Eat lunch together
Intracompany committees
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Highly diverse management team
Unconscious bias training
Someone's primary function is managing the company’s diversity and inclusion initiatives
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
Team workouts
Acme Co.'s team fitness initiatives include In-office yoga, In-office fitness classes.
Retirement & Stock Options Benefits
401(K) Matching
Vacation & Time Off Benefits
Paid Holidays
Paid Sick Days
Perks & Discounts
Commuter Benefits
Happy Hours
Professional Development Benefits
Mentorship program
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