Full-Time

Total Rewards Lead

Posted on 11/18/2024

Blend

Blend

501-1,000 employees

Streamlines lending process for financial institutions

Fintech
Financial Services

Compensation Overview

$146k - $172kAnnually

Senior

Remote in USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Data Analysis
Requirements
  • 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
  • Experience with HCM and stock administration platforms; experience with Workday a plus
  • Strong Microsoft Office skills, including advanced Excel and data analysis to perform complex calculations and model financial impact of equity/executive compensation plans
Responsibilities
  • 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

Blend simplifies the lending process for financial institutions with its digital platform, which helps banks and credit unions process over $3 billion in loans daily. The platform offers a Consumer Banking Suite with configurable products that enhance lending and deposit experiences, both online and in branches. By automating workflows and providing features like instant pre-approvals and electronic closings, Blend reduces processing costs and improves efficiency. The goal is to help financial institutions create personalized customer experiences while accelerating their time to market.

Company Stage

IPO

Total Funding

$646.9M

Headquarters

San Francisco, California

Founded

2012

Growth & Insights
Headcount

6 month growth

-7%

1 year growth

-11%

2 year growth

-31%
Simplify Jobs

Simplify's Take

What believers are saying

  • Securing a $150 million investment from Haveli Investments strengthens Blend's financial position and supports long-term growth.
  • Partnerships with major institutions like Fannie Mae and various credit unions highlight Blend's credibility and market penetration.
  • The ROI study indicates that Blend's Mortgage Suite can save significant time and costs, offering a 10x return on investment for its customers.

What critics are saying

  • The highly competitive fintech landscape requires Blend to continuously innovate to maintain its market position.
  • Economic conditions affecting the financial sector could impact Blend's revenue and growth prospects.

What makes Blend unique

  • Blend's platform offers a comprehensive Consumer Banking Suite that enhances both lending and deposit experiences, unlike competitors who may focus solely on one aspect.
  • The company's modular architecture and no-code configuration tools allow for rapid adaptation to market changes, setting it apart from less flexible solutions.
  • Blend's strong emphasis on automated workflows and instant pre-approvals significantly reduces loan processing times, providing a competitive edge in customer satisfaction.

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Benefits

Meaningful equity and a 401(k) plan

Comprehensive health benefits

Wellness benefits covering a variety of wellness activities, gym memberships, fitness classes and more

16 weeks of paid parental leave

Generous vacation policy

Work from home office set up stipend and internet stipend during COVID-19