Sr. Compensation Manager

About Betterment

Betterment is a leading, technology-driven financial services company that offers investing and retirement solutions for retail investors and investment advisors as well as financial wellness solutions, including a 401(k) for small and medium-sized businesses. Our team is passionate about our mission: making people’s lives better. We’re headquartered in NYC and offer hybrid NY-based positions (three days/ week in-office).

 

About the role

As a Senior Compensation Manager reporting to the Chief People Officer, you will drive the development of scalable, sustainable and equitable compensation and equity programs to attract and retain top talent. You will play a critical role in shaping our compensation philosophy and ensuring alignment with industry best practices, internal equity, and market competitiveness. The ideal candidate is analytical, process and detail-oriented, and thrives in a fast-paced, high impact culture that values clear communication and efficient execution. 

This role is based out of our NYC office. Below we've reflected the base salary range we would offer for this position. Actual salaries may vary depending on factors including but not limited to location, experience, and performance. The range listed is just one component of Betterment’s total compensation package for employees. 

• New York City: $160,000 - $185,000

We offer a competitive equity package, health, dental and vision benefits, life and AD&D, short-term and long-term disability insurance, EAP, commuter and parking benefits FSA/HSA, and 401(k) with employer match as well as a flexible PTO policy. This job may also be eligible for variable compensation in the form of a company incentive bonus.  For jobs based out of our NYC HQ, we require in office attendance Tuesday through Thursday, weekly.

 

A day in the life

• Analyze data for compensation programs, including salary, incentives and equity awards that align with the company’s objectives for recruiting, retention, and employee engagement
• Participate in compensation surveys, conduct research and analysis on market competitiveness, and compensation trends
• Conduct benchmarking analysis to develop job families and compensation packages  to maintain the job architecture and support the strategic growth of the business, as needed
• Support in operational areas of compensation including, but not limited to, compensation planning cycles, system administration and testing, job leveling, salary structures support, federal, state and local wage compliance reporting, reconciliation, and other compensation analytics
• Build and maintain a competitive equity compensation strategy that motivates performance, is fiscally responsible, and supports the attraction and retention of high-performing talent
• Support the equity program and process, including ad-hoc analysis, contribute to projects related to equity and prepare equity grant schedules for the Board of Director’s  Compensation Committee 
• Provide accurate and complete reporting to record the monthly stock-based compensation expense and ensure that all equity-related internal controls are operating effectively
• Prepare reports and presentations to key executives and the Board of Directors  on compensation trends, program effectiveness, and strategic recommendations
• Work closely with HR business partners, Recruiting, Finance, and other teams to ensure alignment and integration of compensation programs
• Collaborate on and help guide communication strategies to effectively convey compensation programs and changes to employees

 

What we’re looking for

• 7+ years of demonstrated expertise in compensation and equity management, with a proven track record of designing and implementing successful compensation programs
• Experience in market analysis and external benchmarking for a range of positions from non-exempt to senior executive levels
• Experience in equity compensation structures, including RSUs and stock options
• Proficiency with HRIS, compensation, and stock plan admin tools, such as ADP, Pave, and Carta 
• Advanced analytical skills, with the ability to manipulate and interpret large and complex data sets, and translate them into actionable insights and recommendations

 

 

What being at Betterment means for you

We change lives

Join a community of innovators working to transform financial outcomes for real people. Your work will make an impact, always laddering up to our mission: making people's lives better.

We set audacious goals

We set them for the company, our custo