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Total Rewards Lead

Blend is a diverse team of problem solvers who believe that the world’s financial resources should be more accessible. Our cloud banking platform is used by Wells Fargo, U.S. Bank, and over 330 other financial services firms to acquire more customers, increase productivity, and deliver end-to-end digital experiences. Our software enables our customers to process an average of more than $5 billion in loans per day, making it possible for consumers to reach their financial goals faster and lead better lives. Come do work that matters.

 

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. 

The ideal candidate would be comfortable working in a fast-paced and dynamic environment, preferably coming from a tech startup.

How you’ll contribute:

  • 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

Who you are:

  • 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

To comply with local legislation, as well as to provide greater transparency to candidates, we share base pay ranges on all job postings regardless of desired hiring location.

For full time hires, the hiring base pay range for this position is between $146,000 and $172,000. Beyond base pay, Blend benefits and perks are described below.  

Final base pay offer amounts will vary depending on multiple factors, including but not limited to function, level, geographic location, job related knowledge, skills, and experience. Base pay will be adjusted for part-time roles to reflect scheduled hours.

Benefits and Perks: 

  • Meaningful equity
  • 401(k) plan with employer matching contribution
  • Comprehensive health benefits
  • 16 weeks of paid parental leave
  • Generous vacation policy 
  • Work from home office set up stipend and internet stipend 
  • Wellness benefits covering a variety of wellness activities, gym memberships, fitness classes and more
 
 

Average salary estimate

$159000 / YEARLY (est.)
min
max
$146000K
$172000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Total Rewards Lead, Blend

At Blend, we’re a dynamic group of innovators transforming financial services, and we're on the lookout for a Total Rewards Lead to join our team! If you're passionate about making financial resources accessible and are ready to contribute your expertise to our cloud banking platform serving clients like Wells Fargo and U.S. Bank, this is the role for you. As the Total Rewards Lead, you'll take the helm in designing and administering our competitive compensation programs. Your strategic insights will align total rewards with our business objectives in this fast-paced SaaS environment, ensuring our approach to compensation is not only competitive but also attracts and retains top talent. You’re going to play a pivotal role in shaping our compensation strategies, leading initiatives like job evaluations, benchmarking analyses, and crafting engaging communication to highlight the value of our rewards. With your background in corporate compensation, particularly in the tech and SaaS sectors, you will collaborate closely with finance and legal teams to prepare compensation-related filings and aid our Board of Directors in their compensation planning. If you thrive on data-driven decision-making and have a knack for optimizing automation tools like HiBob and Charles Schwab, you’ll feel right at home here. Join us at Blend where your contributions will not only impact our organization but help others achieve their financial goals!

Frequently Asked Questions (FAQs) for Total Rewards Lead Role at Blend
What are the responsibilities of a Total Rewards Lead at Blend?

The Total Rewards Lead at Blend is responsible for overseeing the design and administration of compensation and equity programs. This includes job evaluations, market pay analysis, and leading competitive equity initiatives to align rewards with business objectives in a rapidly evolving SaaS environment.

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What qualifications are needed to apply for the Total Rewards Lead position at Blend?

Candidates for the Total Rewards Lead position at Blend should possess a Bachelor’s Degree and at least 10 years of experience in corporate compensation with a strong emphasis on executive compensation and equity administration, particularly in SaaS companies. A proven ability to align compensation strategies with company goals is essential.

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How does the Total Rewards Lead position at Blend contribute to the company culture?

The Total Rewards Lead at Blend contributes significantly to our company culture by developing meaningful compensation structures that foster employee engagement and retention. This role involves crafting internal communications and training programs that help employees understand the value of our rewards.

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What tools and technologies are used by the Total Rewards Lead at Blend?

The Total Rewards Lead at Blend utilizes various compensation data analysis tools, including HCM and stock administration platforms, with a particular emphasis on advanced Excel capabilities and dashboards to provide clear insights to senior leadership about compensation strategies.

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Can you describe the work environment for a Total Rewards Lead at Blend?

The work environment for a Total Rewards Lead at Blend is fast-paced and dynamic, perfect for individuals who thrive in high-growth areas. Collaboration across teams is key, allowing for input and alignment on compensation programs with broad business objectives.

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What kind of support does the Total Rewards Lead receive from Blend’s leadership?

The Total Rewards Lead at Blend receives strong support from leadership, particularly during strategic initiatives such as executive compensation planning cycles and coordination with the Board of Directors to ensure our compensation programs meet organizational goals.

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What is the salary range for the Total Rewards Lead position at Blend?

The base pay range for the Total Rewards Lead position at Blend typically falls between $146,000 and $172,000, subject to factors like experience, skills, and geographic location, with the opportunity for additional benefits and equity compensation.

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Common Interview Questions for Total Rewards Lead
What is your experience with executive compensation and equity administration?

In your answer, provide specific examples from your past roles that highlight your experience with executive compensation frameworks, methodologies for equity administration, and particular challenges you've faced in these areas, emphasizing successful outcomes.

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How do you approach market pay analysis?

Discuss your methodology in conducting market pay analysis, detailing the sources you consult for benchmarking and how you ensure the data you analyze aligns with industry norms, which supports equitable compensation practices at your previous workplaces.

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Can you describe a time you implemented a new compensation structure?

Share a detailed story about developing and implementing a new compensation structure, touching on your analysis process, stakeholder engagement, and how you communicated changes to ensure transparency and buy-in from all levels of the organization.

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How do you use data to influence compensation decisions?

Explain your experience with leveraging data analysis tools and metrics to drive compensation strategies, including how you interpret complex data and present actionable insights to leadership for informed decision-making.

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What strategies would you propose to enhance equity administration?

Talk about innovative strategies you've employed or are familiar with that improve equity administration processes, such as optimizing automation tools or refining communication practices to elevate effectiveness within teams.

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How do you ensure compliance with compensation regulations?

Outline your approach to maintaining compliance with compensation laws and regulations, including the processes for collaboration with legal and finance teams, regular audits, and preparation of public filings relevant to compensation.

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What role does communication play in compensation management?

Elaborate on the importance of clear and effective communication in compensation management, including how you conduct training sessions for employees and managers to foster understanding of total rewards and encourage engagement.

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How would you assess the current compensation practices at Blend?

Provide a thoughtful answer that considers the current landscape of Blend's compensation practices, including benchmarks against industry standards and areas where innovation could lead to greater engagement and alignment with business goals.

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Describe your leadership style in a compensation role.

Reflect on your leadership style, emphasizing collaboration, openness to feedback, and your focus on building trust with teams to create a culture of continuous improvement in compensation practices.

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Why do you want to work as a Total Rewards Lead at Blend?

Your answer should connect your background in compensation with Blend’s mission and values, illustrating your passion for enhancing financial accessibility and how you see your role in contributing to that mission through strategic compensation management.

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MATCH
VIEW MATCH
FUNDING
SENIORITY LEVEL REQUIREMENT
TEAM SIZE
No info
LOCATION
No info
SALARY RANGE
$146,000/yr - $172,000/yr
EMPLOYMENT TYPE
Full-time, hybrid
DATE POSTED
November 24, 2024

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