Full-Time

Sr. Compensation Manager

Posted on 10/31/2024

Dave

Dave

501-1,000 employees

Mobile app for fee-free financial services

Fintech
Financial Services

Senior

Remote in USA

Team members can live and work anywhere in the United States, with the exception of Hawaii.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Excel/Numbers/Sheets
Requirements
  • 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
Responsibilities
  • 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

Dave is a financial technology company that helps individuals manage their finances through a mobile app. The app offers various financial services, including cash advances on upcoming paychecks without interest or credit checks, which helps users avoid overdraft fees. It targets lower to middle-income individuals who may struggle with traditional banking services, providing a fee-free banking experience with no overdraft, minimum balance, or ATM fees at over 32,000 locations. Dave generates revenue through subscription fees and optional services, such as helping users find side jobs and offering a credit-building service through LevelCredit. The app is designed to be user-friendly and non-judgmental, making it easier for users to navigate their financial lives. Dave's goal is to provide accessible banking services that empower individuals to manage their finances effectively.

Company Stage

IPO

Total Funding

$366M

Headquarters

West Hollywood, California

Founded

2016

Growth & Insights
Headcount

6 month growth

2%

1 year growth

3%

2 year growth

14%
Simplify Jobs

Simplify's Take

What believers are saying

  • Dave has grown to over 12 million members in less than four years.
  • The rise of digital banking solutions boosts Dave's market potential.
  • Partnerships with fintechs and banks can enhance Dave's service offerings.

What critics are saying

  • The FTC lawsuit may damage Dave's reputation and incur financial penalties.
  • New CFPB overdraft rules could reduce Dave's competitive edge.
  • First-party fraud risks could lead to significant financial losses.

What makes Dave unique

  • Dave offers banking with no hidden costs, unlike traditional banks.
  • The app provides free access to a $250 overdraft, aiding financial wellness.
  • Dave's 'Side Hustle' feature helps users find additional income opportunities.

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Benefits

Flexible work hours & remote culture

Medical, dental, & vision

Generous PTO

401k with match

Flexible PTO

All-company in-person events

INACTIVE