[Remote] Compensation Manager at Mission Lane

United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

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

Responsibilities

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

Skills

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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