[Remote] Compensation Manager at Mission Lane

United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, FintechIndustries

Requirements

Bachelor’s degree in Human Resources, Finance, Business, or a related field
7+ years of broad-based compensation experience, including job evaluation, market pricing, and salary structure design
Demonstrated experience managing annual compensation cycles (merit, bonus, and/or equity)
Strong analytical and problem-solving skills with an exceptional attention to detail
Advanced proficiency in Microsoft Excel/Google Sheets (e.g., v-lookups, pivot tables, complex modeling)
Deep experience using compensation survey data and tools
Proficiency with HRIS and compensation management modules
Excellent communication and stakeholder management skills, with the ability to present complex data clearly to leaders
Preferred Qualifications
Certified Compensation Professional (CCP), PHR, or SHRM-CP certification
Experience preparing materials for a Compensation Committee
Experience in a fast-paced, high-growth environment
Key Competencies
Analytical Rigor: Driven to find the right answer using data and comfortable prioritizing truth over avoiding a difficult conversation
Accountable Partnership: Take full ownership of compensation cycles and build trusting relationships with HR partners and business leaders
Empathetic (inferred from partial listing)

Responsibilities

Maintain and evolve compensation architecture, including job evaluations and salary structures, to ensure internal equity
Lead the annual refresh of compensation data, analyzing market trends to ensure pay remains competitive
Lead company-wide annual merit, bonus, and equity refresh processes from planning and budgeting to execution and communication
Partner in the design, documentation, and administration of various incentive plans, from monthly production bonuses to annual corporate incentives
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 recommend the appropriate mix of base pay, incentive, and equity across the organization
Prepare clear, data-driven materials for the Compensation Committee, including peer group analysis and executive compensation data
Serve as a key resource for educating managers and employees on compensation philosophy and practices, translating complex data into simple, actionable insights

Skills

Key technologies and capabilities for this role

Compensation StrategyJob EvaluationSalary StructuresMarket AnalysisMerit CycleBonus ProgramsEquity ManagementIncentive DesignHR PartnershipCompensation Data Analysis

Questions & Answers

Common questions about this position

What are the minimum qualifications for the Compensation Manager role?

Candidates need a Bachelor’s degree in Human Resources, Finance, Business, or a related field, plus 7+ years of broad-based compensation experience including job evaluation, market pricing, and salary structure design.

What salary or compensation information is provided for this position?

This information is not specified in the job description.

Is this Compensation Manager role remote or office-based?

This information is not specified in the job description.

What does the work environment look like at Mission Lane?

Mission Lane is a high-growth, mission-driven environment focused on empowering people to unlock financial progress through data, technology, and exceptional service.

What experience makes a strong candidate for this Compensation Manager position?

Strong candidates will have 7+ years of broad-based compensation experience, including managing annual cycles like merit, bonus, and equity, job evaluation, market pricing, salary structure design, and partnering with HRBPs and leaders.

Mission Lane

Provides transparent credit solutions and education

About Mission Lane

Mission Lane LLC offers credit cards designed to help individuals build or rebuild their credit, particularly those with limited credit history or financial setbacks. Their products feature no hidden fees, no security deposits, and instant approval decisions, making them more accessible than traditional credit cards. The company stands out by providing free access to credit scores and educational resources, helping clients improve their creditworthiness. Mission Lane's goal is to promote responsible credit use by rewarding good financial behavior with higher credit limits over time.

Richmond, VirginiaHeadquarters

2018Year Founded

$687.8MTotal Funding

LATE_VCCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Full health, dental, and vision benefits

FSA

Paid parental leave

401k with company match

Generous PTO

Flexible work schedule

Risks

Increased competition from fintechs could erode Mission Lane's market share.

Economic downturns may lead to higher default rates, impacting profitability.

Rapid tech advancements require continuous updates, straining Mission Lane's resources.

Differentiation

Mission Lane offers credit cards with no hidden fees or security deposits.

Instant credit card application decisions reduce customer anxiety and waiting times.

Partnership with Plaid enhances access to over 7,000 financial apps and services.

Upsides

Recent $150 million investment supports aggressive expansion and product development.

Credit Builder Account offers unique value with no fees or interest for credit improvement.

Brandon Black's appointment as CEO brings strategic growth and operational excellence.

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