Sr. Compensation Manager

Who we are: 

Dave is one of the leading US neobanks and a pioneer in financial services, using disruptive technology to provide best in class banking services to millions of members at a fraction of the cost compared to incumbents. The anchor of our banking value proposition, ExtraCash, provides up to $500 of short term, interest free advances to members within minutes of joining. The speed to value, access and pricing of ExtraCash compared to traditional overdraft sets us apart from incumbents and is a key to our strategy to efficiently acquire transacting Dave debit card members.

About the team and role: 

Dave is looking for a Sr. Compensation Manager who in partnership with key stakeholders, will be the primary individual responsible for developing, implementing and administering the company’s compensation programs and ensuring adherence to Dave’s compensation philosophy. This person will have ownership over Dave’s compensation program  during an exciting time of the company’s growth, and adapting existing or recommending new solutions to meet those respective talent needs.

What you’ll do: 

• Leads successful ideation and implementation of two semi-annual compensation reviews, serving as the subject matter expert and program manager for base salary, bonus and stock compensation programs

• Acts as a steward of the company’s compensation philosophy by influencing key stakeholders with compensation decisions upon hire and employee movement. Makes recommendations to iterate or enhance our existing compensation philosophy as required

• Translates complex talent, business and compliance needs into compensation project plans and deliverables.

• Partners with third party compensation consultants, People and Finance team leadership to periodically assess our equity program strategy’s cost (dilution) and effectiveness and leads efforts to implement necessary changes 

• Performs routine market research to keep salary structures and ranges up to date and aligned to Dave’s virtual-first model

• Performs regular compensation analysis to ensure alignment to our stated compensation philosophy, including pay equity objectives.

• Serves as single point of contact for routine new hire offer approvals with Talent Acquisition team including conducting one-off compensation analyses, proactively and reactively as needed by People Partner and Talent Acquisition teams

• Responsible for compiling routine data and materials for quarterly Compensation Committee and Board of Directors meeting, including available shares analysis and incentive plan pacing and cost projections

• Partners with People Operations and People Partner teams to maintain company job architecture in Workday HRIS, including approving and benchmarking new job families, levels, titling conventions, FLSA status and relevant salary structure. 

• Adheres to compensation-related SOX controls and performs routine audit and testing requirements

• Submits annual benchmarking and other relevant compensation survey participation

What you’ll need: 

• 6+ years of relevant experience including experience with both cash and stock compensation

• Public company experience strongly preferred

• Bachelor’s degree in quantitative field preferred (e.g. Business, Mathematics, etc).

• Advanced Microsoft Excel modeling skills

• Ability to translate compensation data into digestible insights for an executive audience

• Program management experience needed including managing timelines, multiple stakeholders, conducting retrospectives, and developing communications plans 

• Some experience designing and facilitating compensation training materials

• Exceptional analytical and quantitative skills with a commitment to accuracy

• Comfortable working with sensitive information and maintaining confidentiality

• Experience with Workday, ChartHop and/or compensation planning systems preferred

Nice-to-have: 

• Previous experience in compensation consulting or human capital management environment

• Advanced Microsoft Excel experience including developing models 

Don’t let imposter syndrome get in your way of an incredible opportunity. We’re looking for people who can help us achieve our mission and vision, not just check off the boxes. If you’re excited about this role, we encourage you to apply. You may just be the right candidate for this or other roles.

Why you’ll love working here: 

At Dave, our people are just as important as our product. Our culture is a reflection of our values that guide who we are, how we work, and what we aspire to be. Daves are member centric, helpful, transparent, persistent, and better together. We strive to create an environment where all Daves feel valued, heard, and empowered to do their best work. As a virtual first company, team members can live and work anywhere in the United States, with the exception of Hawaii. 

A few of our benefits & perks:

• Opportunity to tackle tough challenges, learn and grow from fellow top talent, and help millions of people reach their personal financial goals

• Flexible hours and virtual first work culture with a home office stipend

• Premium Medical, Dental, and Vision Insurance plans

• Generous paid parental and caregiver leave

• 401(k) savings plan with matching contributions

• Financial advisor and financial wellness support

• Flexible PTO and generous company holidays, including Juneteenth and Winter Break

• All-company in-person events once or twice a year and virtual events throughout to connect with your team members and leadership team

Dave Operating LLC is proud to be an Equal Employment Opportunity employer and is dedicated to cultivating a diverse and inclusive workplace. We will consider for employment all qualified applicants and do not discriminate on any basis protected by federal, state, or local law, including the City of Los Angeles’ Fair Chance Initiative for Hiring Ordinance relating to an applicant’s criminal history.

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