Compensation Business Analyst
Opendoor
About the Team
Open Exchange is looking for an experienced Compensation Analyst to support this growing startup-within-a-startup across all aspects of compensation / recognition.
Reporting to the Head of Total Rewards and partnering extensively with the people and TA leads for the business, you will be an integral part of a small team helping to establish and achieve Open Exchange’s overarching compensation philosophy. You will bring a blend of technical data skills and compensation expertise to support budget strategy/planning, market analytics and global benchmarking, including analyzing data elements such as base pay, incentives, stock and general market/industry trends.
The right candidate is very comfortable with data and thrives in a fast-paced, high growth culture that values strategic communication, teamwork and results. They will be self-motivated and detail oriented with a strong orientation to data analytics, project management, and cross-functional collaboration.
Role Responsibilities:
- Use analytical skills combined with your strong communication skills to present compensation insights to stakeholders in all parts of our business
- Leverage your experience working in a private company to manage/optimize key compensation data sets (current, historical, trending) and report offerings in support of a streamlined experience for Total Rewards/People Team needs
- Design and build robust yet flexible compensation modeling tools and ad hoc dashboards in support of budget strategy, market analytics and competitive compensation positioning.
- Curate business process documentation and quality assurance plans to enhance quality/reliability of modeling/report offerings over time.
- Partner with department leaders, HR Business Partners and recruiters on compensation related matters such as offers, promotions, and internal transfers
- Conduct job analysis to determine job level, FLSA classification and salary range
- Benchmark jobs against compensation surveys and other market intelligence to determine competitive compensation ranges for each position
- Maintain and enhance our compensation and job structures
- Work cross functionally to provide compensation analyses and other deliverables to our partners on the Finance and Legal teams
- Partner with People Operations team to audit, update and maintain compensation-related data in Workday
- Stay up-to-date with applicable employment-related federal and state statutory requirements regarding employee pay.
Skills Needed:
- 6+ years experience in compensation analytics and data modeling
- A bachelor's degree in economics, business, finance or STEM
- Advanced knowledge of Excel or Google Sheets (e.g. comfortable with vlookups, nested functions, pivot tables, charts/graphs, etc.); experience with managing complex data sets over time, preferably in a relationship database tool.
- Experience maintaining compensation structures and incentive plans
- Strong data analysis skills and ability to effectively present those findings to different audiences
- The ability to work with stakeholders to find the right questions as well as their answers
- A highly collaborative style, and ability to work as part of a team as well as independently
- A solid understanding of compensation survey data and ability to leverage that data to drive competitive pay decisions
- Basic understanding equity compensation and can provide information to employees to help them understand this important component of pay
- The ability to adapt quickly and continue providing the highest level of customer service in a fast-paced, change-oriented environment
Bonus Points if:
- Experience in a software development company; Combination of high-growth private and public company backgrounds desired
- Working knowledge of Radford (Aon Hewitt)
- Completed/In process of completion the Certified Compensation Professional (CCP) requirements
- Has experience in two or more of the following areas: Workday, Tableau (or similar tool), Sales Compensation, Compensation Consulting
Location:
Remote roles in the US are available in all states EXCEPT Hawaii, Alaska, Montana, or any US Territories.
Compensation:
The base salary range for this position in Colorado, Connecticut, Washington, and New Jersey is $152,000 - $231,000yr, and in California and New York City is 152,000 - $231,000 yr. Base salary may vary depending on relevant experience, skills, geographic location, and business needs. We offer a comprehensive package of benefits including paid time off, 12 paid holidays per year, medical/dental/vision insurance, basic life insurance, and 401(k) to eligible employees.
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