What are the responsibilities and job description for the Lead Compensation Analyst position at SoFi?
The role
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. The Lead Compensation Analyst will act as the job architecture and compensation structures lead; 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.
What you’ll do :
- 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
What You'll Need :
Compensation and Benefits
The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.
To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!
Pay range : $115,200.00 - $216,000.00
Payment frequency : Annual
This role is also eligible for a bonus, long term incentives and competitive benefits. More information about our employee benefits can be found in the link above.
Salary : $115,200 - $216,000
