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

Fintech
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 provides personal loans to individuals, particularly those who may not qualify for traditional banking services due to lower credit scores or financial challenges. The company offers both secured loans, which require collateral like a car or home, and unsecured loans that do not. This variety allows OneMain to meet diverse financial needs, such as debt consolidation and home improvements. Revenue is generated through interest and fees on loans, and the company also utilizes a securitization platform called Springleaf Funding Trust to bundle and sell loans as securities, ensuring a steady flow of capital for further lending. OneMain distinguishes itself from competitors by focusing on customer-centric solutions, offering personalized financial support through its extensive branch network and online resources. The goal of OneMain Financial is to provide accessible financial solutions to clients across the U.S.

Company Stage

IPO

Total Funding

N/A

Headquarters

Baltimore, Maryland

Founded

N/A

Growth & Insights
Headcount

6 month growth

4%

1 year growth

0%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • OneMain's acquisition of Foursight Capital expands its reach into the auto lending market, diversifying its portfolio and growth opportunities.
  • The company's Build: Credit Fundamentals education program demonstrates a commitment to financial literacy, potentially fostering long-term customer loyalty.
  • Significant investments from firms like Adage Capital Partners and Benjamin F. Edwards & Company indicate strong market confidence in OneMain's business model and growth prospects.

What critics are saying

  • Facing a class action lawsuit over alleged Military Lending Act violations could damage OneMain's reputation and financial standing.
  • The competitive consumer lending market requires continuous innovation and adaptation to maintain market share.

What makes OneMain Financial unique

  • OneMain Financial specializes in serving nonprime consumers who often lack access to traditional banking services, setting it apart from many competitors.
  • The company's securitization platform, Springleaf Funding Trust, provides a unique method of capital generation through bundling and selling loans as securities.
  • OneMain's extensive branch network across 44 states enhances its customer-centric approach, offering personalized financial solutions both online and offline.

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