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Compensation & Benefits Sr. Manager

Acorns

Acorns

Accounting & Finance
Irvine, CA, USA · Remote
Posted on Friday, April 19, 2024

At Acorns we look after the financial best interest of the up-and-coming. We are innovators. We make bold decisions. We stay curious, inspiring one another to push past all previous thresholds of possibility. We are one team and are building a diverse community of team members, partners, and customers from all walks of life to foster creativity, challenge conventional thinking, and put the tools of wealth-making in everyone’s hands.

We are looking for missionaries who are rooted in purpose, to join our team. We can achieve our goals if we are a team of missionaries working toward a shared purpose and mission.

Our mission? With benevolence and courage, we look after the financial best interests of the up-and-coming; beginning with the empowering, proud step of micro-investing.

How do we accomplish our mission? Our values.

Lead With Heart

With compassion, integrity, and tenacity, inspire yourself and others to move past all previous thresholds of possibility

Make Bold Decisions

We are creating a new world. Be optimistic, adventurous, and courageous. Leap fearlessly into the future

Always Build Trust

Say what you mean, mean what you say, and do what you say you’re going to do. We are all owners. We are one team

Never Stop Growing

Change IS the constant. Stay hungry and curious. Be relentless in the pursuit of progress

Find a way

Never settle, no excuses, nothing is impossible. Just make it happen

Our values guide us, and our mission drives us.

Come join us and help deliver financial wellness for the whole family, creating compound growth at every life stage.


Compensation & Benefits Sr. Manager | Acorns

Acorns is seeking an experienced Compensation & Benefits professional to grow with the company. You will own the strategy and implementation of key processes, programs, and policies that enable the HR team to operate effectively and deliver a world-class employee experience. We are a team of creative, curious, solutions-oriented people and seek out these qualities in everyone we hire.

This role has the option to be remote or based in our Irvine, CA or New York, NY offices.

Within 1 month, you will:

  • Meet with key stakeholders and leaders to become integrated into and understand the Acorns culture.
  • Learn end-to-end processes, policies and programs supporting compensation and benefits and identify efficiencies and other areas of opportunity.
  • Begin to document standard compensation and benefit operating procedures, were needed, including developing dissemination and communication plans.
  • Assume oversight of compensation and benefits activities supporting team member onboarding and off-boarding.
  • Provide analytical support and recommendations for ad-hoc compensation reviews and develop adjustment and retention recommendations.
  • Complete Acorns’ best-in-class onboarding, Acorns’ Seedling Program
  • Participate in a virtual coffee session hosted by Acorns’ CEO, Noah Kerner
  • Attend your first community-wide virtual all-hands meeting

Within 3 months, you will:

  • Partnering with HR leadership and in alignment with Acorns’ principles and values, advance, guide, and implement our company-wide compensation and benefits strategy and programs to support the changing needs of Acorns team members.
  • Serve as a sponsor, strategic partner, and thought leader for compensation and benefits at Acorns by making data driven decisions, applying your deep expertise and by keeping updated on industry best practices, benchmarks, and the latest compensation approaches.
  • Collaborate closely with HR partners as a subject matter expert to provide consultation and guidance.
  • Continue the enhancement and maturation of the Acorns job architecture, including the creation of job descriptions and assignment of roles into the structure.
  • Serve as the primary subject matter expert to address compensation and benefits questions from both team members and managers.
  • Conduct regular audits of benefits carrier feeds.
  • Review your 30-60-90 day goals and accomplishments with your manager
  • Engage in Acorn’s Community & Heritage celebrations
  • Receive operational updates from our GoHenry & PixPay team members during Acorns’ quarterly global virtual all-hands session

Within 6-12 months, you will:

  • Collaborate with HR and Finance leadership to execute, review and update the annual cash bonus and annual equity refresh programs.
  • Provide senior leadership with compensation support materials for Board review and approval.
  • Shepard the benefits renewal and open enrollment activities, including identifying and implementing opportunities to enhance benefit offerings.
  • Spearhead the compensation component of midyear and year-end promotion and merit adjustment processes.
  • Conduct competitive review of compensation and salary structure, updating as appropriate to ensure continued alignment with market.
  • Partner with Legal to address ad-hoc equity requests.
  • Identify trends and develop and implement new practices to engage and motivate team members.
  • Complete and submit all required compensation and benefits reporting.
  • Complete a Performance Development Check-in to align on Performance and Values Rating Trends

What you will bring to Acorns:

  • Bachelor's degree in Business, Finance, Math or a related field and at least 12 years of experience focused on building, developing and scaling programs.
  • Ability to execute strategy, a keen ability to deliver against a plan with a strong bias for action, and a proven track record for driving, managing and scaling compensation and benefits programs through policies, processes, and systems.
  • Deep listening and exceptional stakeholder management skills.
  • Strong business acumen, data analysis skills and a deep understanding of equity/stock compensation.
  • Thirst for delivering game-changing products.
  • Exceptional drive and precision in delivery.
  • A belief that your work is tied to your life's mission.
  • Optimistic about the potential of societal change.

You are not expected to have experience with all listed requirements. If you feel passionately about Acorns' mission, vision and values, please apply.

What we offer:

  • Competitive salary and stock options
  • A comprehensive benefits package to meet the needs of you and your family
  • Flexible work hours, location, and paid time off
  • 401k discretionary match
  • Monthly Acorns account contribution & GoHenry account for your family
  • Wellness Days - Company-wide quarterly days off to rest + recharge
  • Mindfulness, Mental Health, and Financial Wellness resources: Headspace, Ginger, and Addition Wealth are offered at no cost to you
  • Acorns Career Development Program (Monthly Acorns to Oaks training sessions, development plans, quarterly development check-ins, Cornerstone’s online training platform)
  • Roots Leadership Program for emerging leaders
  • Monthly community celebrations, events, panel discussions, and speakers
  • Talented and motivated team members who care deeply about one another, our mission, and our customers.
  • The rare opportunity to create a new world. We inspire one another every day to do meaningful work that solves big societal challenges.

About Acorns:

Acorns is how everyday consumers save & invest for the long term. To date, customers have invested over $15 billion with Acorns, much of it in spare change. By putting the tools of wealth-making in everyone's hands, Acorns has become the largest subscription service in U.S. consumer finance, serving over 10 million everyday Americans. Customers get automated investing in diversified portfolios, a simple retirement product, a bank account that helps people spend less to invest more, and bonus investments from 20k brands. Plus, everyday Americans can easily invest in their kids and get money news they can use, all from the same app. From acorns, mighty oaks do grow!

Mission:

With benevolence and courage, we look after the financial best interests of the up-and-coming; beginning with the empowering step of micro-investing.

Values:

  • Lead With Heart
  • Make Bold Decisions
  • Always Build Trust
  • Never Stop Growing
  • Find a Way

Commitment to a diverse community:

Acorns is committed to building a diverse community of customers, partners, and team members. We believe that fostering diversity not only fuels creativity but also challenges conventional thinking and helps us properly represent the unique experience of the everyday consumer that we serve.

Compensation Information:

The pay range for this position at commencement of employment is expected to be between $144,743 and $170,286/year; however, base pay offered may vary depending on multiple individualized factors, including market location, job-related knowledge, skills, and experience. The total compensation package for this position may also include other elements, including equity grants and discretionary cash bonus awards in addition to a full range of medical, financial, and/or other benefits (including 401(k) eligibility and various paid time off benefits, such as vacation, sick time, and parental leave), dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors.

Application Deadline:

This application was originally posted on 4/18/24. The Company reasonably aims to fill this position on or about 6/18/24 and to accept applications until filled. However, depending on multiple individualized factors, including the Company’s reasonable business needs and the number of applicants, such deadline may change.