Compensation Manager

Job Description

Job Description

Mission Lane is combining the power of data, technology, and exceptional service to pave a clear way forward for millions of people on the path to financial success. By attracting top talent and leveraging cutting-edge technology, we're enabling people to unlock real financial progress. Sound like a mission you can get behind?

We're looking for a Compensation Manager who excels at turning analysis into actionable compensation strategy, using clear communication and strong partnerships to bring it to life.

The Impact You'll Make :

You'll drive forward our mission of empowering people to unlock financial progress by ensuring our compensation programs remain competitive, equitable, and clearly understood. Your work will be a key driver in our ability to attract, motivate, and retain the incredible talent we need in order to serve our customers.

In your first year, you will take ownership of our core compensation cycles (merit, bonus, and equity), refine our incentive plans, and establish yourself as a trusted advisor to HR partners and business leaders. Success means our teams feel confident in our pay practices, and we have the market data needed to plan for the year ahead.

This role is a fantastic opportunity to make a significant impact on our company-wide compensation strategy and be a key steward of our compensation philosophy, helping it evolve as we scale in a high-growth, mission-driven environment.

As Compensation Manager you will :

• Maintain and Evolve Our Structure : Manage our compensation architecture, including job evaluations and salary structures, to ensure internal equity.
• Keep Us Competitive : Lead the annual refresh of compensation data, analyzing market trends to ensure our pay remains competitive.
• Run Our Core Programs : Lead the company-wide annual merit, bonus, and equity refresh processes from planning and budgeting to execution and communication.
• Shape Incentive Plans : Partner in the design, documentation, and administration of our various incentive plans, from monthly production bonuses to annual corporate incentives.
• Be a Trusted Partner : Work closely with HR Business Partners (HRBPs) and hiring managers to price new jobs and manage compensation for promotions, transfers, and market adjustments.
• Analyze and Advise : Analyze and recommend the appropriate mix of base pay, incentive, and equity across the organization.
• Support Executive Planning : Prepare clear, data-driven materials for the Compensation Committee, including peer group analysis and executive compensation data.
• Educate and Empower : Serve as a key resource for educating managers and employees on our compensation philosophy and practices, translating complex data into simple, actionable insights.

Minimum Qualifications :

Preferred Qualifications :

Key Competencies :

Compensation :

Annual full time base salary range : $116,000 - $150,000

Additional compensation in the form(s) of participation in our annual incentive program and equity are dependent on role. Pay is based on factors such as work experience, education, certification(s), training, skills, and competencies related to the role. Mission Lane also offers a comprehensive benefits plan, which includes paid time off, 401(k) match, a monthly wellness stipend, health / dental / vision insurance options, disability coverage, paid parental leave, flexible spending account (for childcare and healthcare), life insurance, and a remote-friendly work environment.

About Mission Lane :

Founded in December 2018, Mission Lane is a purpose-driven fintech company based in the U.S., with headquarters in Richmond, Virginia.

It all started with a realization : nearly fifty percent of the adult population in the U.S. doesn't have access to a clear line of credit. Most traditional credit card companies either overlook or overcharge this group because they have less-than-perfect credit scores or no scores at all. We decided this just wouldn't do.

In partnership with our sponsor banks, we offer credit cards under the Mission Lane brand name, with better, clearer terms, and a more refined customer experience than the alternatives available to people working hard to improve their credit. To date, over four million consumers have chosen Mission Lane, earning high customer ratings on Credit Karma for its market segment and industry leading Net Promoter scores.

Mission Lane has cumulatively raised over $600 million of equity from leading investors, including Invus Opportunities, QED Investors, LL Funds, funds affiliated with Oaktree Capital Management, and other leading investors.

Our commitment to a workplace built on respect and dignity is guided by our core value of Unity. We believe that everyone plays a vital role in our shared purpose, and we actively cultivate an environment where all individuals have the opportunity to do their best work. By fostering a culture of empathy and collaboration, we create a strong sense of belonging and support for every team member.

Mission Lane is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, disability, genetic information, or any other protected status.

Mission Lane provides reasonable accommodations to applicants who need them for medical or religious reasons, as required by law. Applicants can initiate an accommodation request by contacting peopleexperience@missionlane.com.

Mission Lane is not sponsoring new applicant employment authorization and please, no third-party recruiters.

Application Integrity :

Our cardholders trust us with their financial well-being, and this trust starts with the integrity of the people on our team. We're looking for team members who share our dedication to transparency and truth. Please verify that the information in your application is accurate and complete.

Providing any information to Mission Lane that is not completely truthful at any point during the application or hiring process may result in removal from the hiring process, disqualification from future opportunities, withdrawal of an offer or other sanctions for candidates and, in addition for employees, disciplinary action, up to and including termination of employment.