Compensation Analyst/Modeler

About the Team

Opendoor is looking for a Compensation Analyst to support our rapidly growing population.  Reporting to the Director of Compensation, you will be an integral part of a small team helping to drive Opendoor’s overarching compensation philosophy. You will bring a blend of technical data skills and compensation expertise to support budget strategy/planning, market analytics and global benchmarking, including analyzing data elements such as base pay, incentives, stock and general market/industry trends.  The right candidate is very comfortable with data and thrives in a fast-paced, high growth culture that values strategic communication, teamwork and results.  They will be self-motivated and detail oriented with a strong orientation to data analytics and project management.

Role Responsibilities:

• Use your expert analytical skills combined with your strong communication skills to present compensation insights to stakeholders in all parts of our business
• Manage/optimize key compensation data sets (current, historical, trending) and report offerings in support of a streamlined experience for Total Rewards/People Team needs
• Design and build robust yet flexible compensation modeling tools and ad hoc dashboards in support of budget strategy, market analytics and competitive compensation positioning.
• Curate business process documentation and quality assurance plans to enhance quality/reliability of modeling/report offerings over time.
• Assist in the administration of the annual and mid-year cycles including budget modeling and recommendation, user testing, and creating training materials.
• Partner with department leaders, HR Business Partners and recruiters on compensation related matters such as offers, promotions, and internal transfers
• Conduct job analysis to determine job level, FLSA classification and salary range
• Benchmark jobs against compensation surveys and other market intelligence to determine competitive compensation ranges for each position
• Maintain and enhance our compensation and job structures 
• Participate in annual compensation surveys
• Work cross functionally to provide compensation analyses and other deliverables to our partners on the Finance and Legal teams
• Partner with People Operations team to audit, update and maintain compensation-related data in Workday
• Stay up-to-date with applicable employment-related federal and state statutory requirements regarding employee pay. 

Skills Needed:

• A bachelor's degree in economics, business, finance or STEM
• Minimum of 3 years experience in compensation analytics and data modeling
• Advanced knowledge of Excel or Google Sheets (e.g. comfortable with vlookups, nested functions, pivot tables, charts/graphs, etc.); experience with managing complex data sets over time, preferably in a relationship database tool.
• Experience maintaining compensation structures and incentive plans
• Strong data analysis skills and ability to effectively present those findings to different audiences
• The ability to work with stakeholders to find the right questions as well as their answers
• A highly collaborative style, and ability to work as part of a team as well as independently
• A solid understanding of compensation survey data and ability to leverage that data to drive competitive pay decisions
• Basic understanding equity compensation and can provide information to employees to help them understand this important component of pay
• The ability to adapt quickly and continue providing the highest level of customer service in a fast-paced, change-oriented environment

Bonus Points: 

• Experienced in a software development company; Combination of high-growth private and public company backgrounds desired
• Working knowledge of Radford (Aon Hewitt) 
• Completed/In process of completion the Certified Compensation Professional (CCP) requirements
• Experienced in two or more of the following areas: Workday, Tableau (or similar tool), Sales Compensation, Compensation Consulting

Compensation:

Remote roles in the US: The pay range for this position in Colorado, Connecticut, Washington, and New Jersey is $108,000 - $165,000 yr, and in California and New York City is $108,000 - $165,000 yr. Compensation may vary depending on relevant experience, skills, geographic location, and business needs. We offer a comprehensive package of benefits including paid time off, 12 paid holidays per year, medical/dental/vision insurance, basic life insurance, and 401(k) to eligible employees.

Remote roles in the US are available in all states EXCEPT Hawaii, Alaska, Montana, or any US Territories. 

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More About Us

We Offer the Following Benefits and Perks 

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