Director, Total Rewards

This is a fully remote position, open to applicants in United States.

📋 Description

• Take full responsibility for OpenLoop's compensation initiatives from start to finish, covering job architecture, leveling, salary bands, market pricing, and offer guidelines.

• Execute annual and off-cycle compensation initiatives, which include budget modeling, calibration assistance, manager tools, and enablement.

• Provide data-driven recommendations to recruiters regarding offers and pay decisions.

• Oversee the equity program, including guidelines for new hires, promotions, and refresh grants, in collaboration with the Legal team.

• Collaborate with Legal and Finance on equity pool sizing, burn rate, dilution modeling, grant guidelines, and strategic planning.

• Inform employees about the value of their equity holdings.

• Direct the benefits strategy and operations encompassing medical, dental, vision, 401(k), leave, and wellness programs.

• Lead the annual renewals and open enrollment processes with brokers and carriers.

• Ensure benefits compliance with ERISA, ACA, COBRA, HIPAA, Form 5500, and nondiscrimination testing.

• Manage vendor relationships related to benefits and rewards, including contracts, performance evaluation, and issue resolution.

• Standardize compensation structures and benefit plans across subsidiaries while assisting with diligence and integration for future acquisitions.

• Conduct pay equity analyses and collaborate with HR business partners and Legal on FLSA exemption reviews as well as multi-state pay transparency and wage-and-hour compliance.

• Create reports on compensation expenditures, market competitiveness, benefits utilization, and retention risk, providing recommendations to leadership.

• Utilize systems, survey data, AI, and automation tools to enhance rewards processes.

• Lead and develop the Total Rewards team.

• Report directly to the VP, People Operations & Total Rewards.

• Carry out additional duties as assigned.

⛳️ Requirements

• Proven leadership experience in total rewards, overseeing both compensation and benefits.

• Background in a high-growth organization.

• Demonstrated success in building or revamping job architecture, leveling, and salary structures.

• Practical experience managing private-company equity.

• Familiarity with ERISA, ACA, COBRA, HIPAA, FLSA, and state pay transparency regulations.

• Strong modeling capabilities in Excel or Google Sheets.

• Experience with compensation survey data tools such as Radford, Mercer, Pave, or similar platforms.

• Ability to clarify trade-offs to partners and leaders, simplifying complex programs for employees.

• Comfortable with remote work, maintaining core collaboration hours in Central Time.

• Preferred experience in healthcare, telehealth, or healthcare services.

• Experience integrating compensation and benefits post-acquisition is preferred.

• Familiarity with platforms like Rippling, Workday, Ashby, Carta, and Pave or similar tools is preferred.

• CCP, CBP, or CECP certification is preferred.

• Experience leveraging AI tools to automate compensation and benefits processes is preferred.

🏝️ Benefits

• Medical, Dental, and Vision plans.

• Flexible Spending/Health Savings Accounts.

• Flexible PTO.

• 401(k) with Company Match.

• Life Insurance.

• Pet insurance.

• Wellness programs.

• Equity program.

• Remote work arrangement.

• Core collaboration hours in Central Time.

• Opportunities for professional development/certification, including support for CCP, CBP, or CECP certification.