Full-Time

Compensation Analyst

Confirmed live in the last 24 hours

OneMain Financial

OneMain Financial

5,001-10,000 employees

Provides personal loans for consumers

Financial Services

Compensation Overview

$80k - $120kAnnually

+ Competitive Compensation Program

Junior, Mid

Union City, NJ, USA

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Required Skills
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • Bachelor’s degree or equivalent experience.
  • Preferred 1-3 years of relevant experience in compensation, consulting, finance, audit, payroll or system implementation.
  • Advanced Excel and PowerPoint skills to assist in the design, development, implementation and administration of all types of compensation programs.
  • Ability to analyze and compile complex data and present effective summaries and reports.
  • Strong financial, analytical and auditing skills and experience using analytical and problem-solving skills to build effective programs.
  • Experience with Excel and PowerPoint; interest in Financial Services and compensation is preferable.
  • Workday or other systems experience preferable.
Responsibilities
  • Learn to conduct market pay analysis to determine competitiveness of pay and make recommendations for pay adjustments.
  • Develop detailed job descriptions based on a thorough review and evaluation of jobs.
  • Assist in the development of salary structures and slotting of jobs into appropriate level.
  • Become a super-user of the Workday system and the system’s compensation capabilities. Partner with Payroll and HRIS and serve as subject matter expert on compensation and cross-functional projects.
  • Support the annual compensation planning process from baseline analysis through communication and payment.
  • Collaborate with Legal, Accounting, and Tax to ensure accurate reporting and compliance with applicable laws and regulations.

OneMain Financial specializes in providing personal loans to individuals, especially those with lower credit scores who may not have access to traditional banking. They offer both secured loans, which require collateral, and unsecured loans, catering to various financial needs like debt consolidation and home improvements. The company generates revenue through interest and fees, and it has a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities. OneMain aims to deliver accessible financial solutions through its extensive branch network and online resources.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

1912

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Pagaya enhances technology integration for improved customer service.
  • Growing demand for digital lending platforms aligns with OneMain's service expansion.
  • AI-driven credit scoring models can improve risk assessment and personalized loan offerings.

What critics are saying

  • Class action lawsuit over Military Lending Act violations may incur legal costs.
  • Rising interest rates could increase default rates among OneMain's customer base.
  • Executive stock sales and board resignation may signal internal instability.

What makes OneMain Financial unique

  • OneMain offers both secured and unsecured loans, catering to diverse financial needs.
  • The company has a strong U.S. presence with numerous branches nationwide.
  • OneMain's Springleaf Funding Trust securitization platform provides steady capital for loan funding.

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