Full-Time

Compensation Manager

Posted on 11/20/2024

Marqeta

Marqeta

501-1,000 employees

Modern card issuing and payment processing solutions

Fintech
Financial Services

Compensation Overview

$101.6k - $169.4kAnnually

+ Bonus

Senior

Oakland, CA, USA + 1 more

More locations: Remote in USA

Remote anywhere in the USA or from the Oakland office.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Data Analysis
Excel/Numbers/Sheets
Requirements
  • Significant experience in global compensation, including developing, recommending, implementing, and administering compensation programs
  • Prior experience with high-growth tech companies scaling their business and workforce
  • Flexible, growth mindset, comfort with ambiguity and change
  • Demonstrated success balancing aiming for excellence versus a sense of urgency. Detail-oriented with a high level of accuracy and strong time management skills
  • Exceptional results orientation with a high degree of personal initiative
  • Collaborative team player with a customer centric approach and focus on doing what is best for the business
  • Proven problem-solving skills as well as an ability to manage multiple tasks simultaneously to successful completion in a fast-paced environment
  • Excellent verbal and written communication skills
  • Strong ability to foster relationships
  • Advanced Google Sheets expertise and ability to create, organize and manipulate large sets of data in complex spreadsheets. Or the same in Excel and a willingness to learn and work predominantly in Google Sheets
  • Familiarity with Workday, including hands-on experience coaching managers through at least one compensation cycle in the system
  • Bachelor's or Master's degree in a field related to Finance, Business management/administration, or Human Resources
  • Certified Compensation Professional (CCP)
  • Sales compensation experience
Responsibilities
  • Act as the primary partner for assigned business function client groups and serve as a strategic advisor on complex compensation matters
  • Partner with People Business Partners (PBPs), business leaders, and managers to design compelling, scalable compensation solutions, by seeking to understand the desired outcome, sharing expertise, and proposing solutions
  • Collaborate with PBPS, Talent Acquisition, Finance, and other internal stakeholders to ensure seamless execution of compensation programs. Facilitate annual merit, bonus, and equity programs for assigned client groups
  • Partner across the compensation team to manage the job and compensation structure related to your client groups. Conduct quarterly and ad-hoc analyses ensuring external competitiveness, internal equity, and legal compliance. Monitor trends affecting compensation. Support pay transparency and other required reporting. Complete required survey participation. Stay abreast of industry best practices and changes in legislation related to compensation
  • Conduct modeling and analysis on all aspects of compensation which may include building analytical models that predict or identify compensation related issues. Evaluate existing roles and provide consultation on new roles using a combination of internal and external data
  • Develop and deliver efficient and effective presentations to influence decision making. Develop training and educational tools to communicate compensation philosophy, programs, fundamentals, and tools
  • Partner with Talent Acquisition and PBPs on new hire offers and internal mobility
  • Partner with HRIS, Payroll, and Equity teams to ensure proper transmission of payment and award data

Marqeta provides financial technology solutions focused on card issuing and payment processing. Its platform allows businesses to create, issue, and manage payment cards tailored to their specific needs. By utilizing an open API, clients can easily integrate Marqeta's services into their own applications, making it suitable for various purposes such as expense management and consumer payments. Marqeta earns revenue primarily through transaction fees each time a card is used, along with potential setup and service fees. The company has gained prominence in the fintech industry, particularly during the rise of digital payments amid the COVID-19 pandemic, thanks to its ability to adapt and scale services quickly.

Company Stage

IPO

Total Funding

$526.5M

Headquarters

Oakland, California

Founded

2010

Growth & Insights
Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

-10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Marqeta's expanding partnerships, such as with Uber Eats and Lydia, indicate strong growth potential and market penetration.
  • The company's recent surge in processing volumes and entry into new markets like earned wage access suggest robust financial health and future opportunities.
  • Marqeta's ability to attract high-profile clients like Swiss4 and its expansion into luxury financial services highlight its appeal to diverse and premium market segments.

What critics are saying

  • The competitive fintech landscape requires Marqeta to continuously innovate to maintain its market position.
  • Dependence on transaction fees means that any downturn in digital payment volumes could significantly impact revenue.

What makes Marqeta unique

  • Marqeta's open API platform allows for highly customizable payment solutions, setting it apart from competitors with more rigid offerings.
  • The company's ability to quickly adapt and scale during the COVID-19 pandemic highlights its operational agility and resilience.
  • Marqeta's global reach, demonstrated by partnerships with companies like Uber Eats and Lydia, underscores its capability to support large-scale, international operations.

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Benefits

Medical, dental, & vision coverage

Flexible time off

Paid family leave

Pet insurance

401k match

Equity

Monthly stipends

Company recognition & awards

Employee Stock Purchase Program