Compensation Manager

Title:  Compensation Manager  

Location: Palo Alto, CA / Austin, TX (Hybrid)

Reporting to: Director, People Operations

About Hippo:

Our mission is to deliver intuitive and proactive protection for homeowners, combining the power of technology with a human touch. 

Hippo built the world’s first home protection platform. We believe that insurance should protect your home and the things you treasure with policies designed for modern lives and proactive protection that helps you care for your home. Our aim is to help you avoid issues before they become costly problems because the best claims experience is the one you don’t have. Simply put, Hippo exists to protect the joy of homeownership. 

About You: 

Hippo is seeking a Compensation Manager to support Hippo’s ability to deliver against our talent strategy and business goals by helping to scale and develop our competitive compensation package to attract and retain top talent. This role will evolve, support, and administer compensation programs and initiatives, including our cash, short term, and long-term incentive programs. The candidate who will thrive in this role is a critical thinker with an analytical mindset, and passionate about building and maintaining high impact compensation programs and processes that align to and serve our business goals and strategy. This role will work closely with the broader People, Finance, Legal, and leadership teams to ensure competitive and equitable compensation strategies are developed that align with our company goals. 

What You’ll Do: 

• Partner across HR and Finance leadership to develop, evolve, and manage Hippo’s compensation strategy leveraging strong analytical skills, business acumen, and compensation expertise; collaborate closely with senior leadership and business partners, offering data-driven insights, and solutions on compensation-related matters
• Facilitate regular reviews of our compensation programs to evaluate effectiveness, ensure we remain competitive in the market, and that we are maintaining fair and equitable practices
• Participate in compensation surveys (Radford Aon), perform market research, analyze data, and formulate recommendations on the design of our compensation equity programs
• Lead the analysis, design, and administration of base pay, bonus, and equity processes, including merit increases, equity refreshers, and bonus compensation  
• Conducts job analysis and evaluations on new and revised positions to determine appropriate title, salary grade, pay and incentive level, job code, and FLSA classification, etc. ensuring compliance with all federal and state laws
• Develop and prepare reoccurring compensation reporting/analytics and provide support for ad-hoc reporting requests. Conduct regular audits of compensation data to ensure accuracy and compliance
• Collaborate and provide consultative support with our People Partners, talent acquisition team, and management on compensation-related issues as well as initiatives including job classification process and assignments, ensuring that overall salary administration practices follow policies and practices that are fair and equitable
• Ensure appropriate audit control processes are developed, refined, and followed in accordance with internal guidelines as well as state & federal regulations and SOX controls
• Provide analytical or technical expertise to support the development of reportable HR metrics around headcount, attrition, performance, and engagement
• Partner with FP&A to support the annual plan and forecast processes by calculating bonus pools and summarizing the financial impact of all comp plan changes across the global organization 

 Must Haves: 

• 5-7 years progressive experience in People Operations, Compensation, Total Rewards, or Data Analytics with a bachelor's degree in Human Resources, Business Administration, or related discipline or equivalent professional experience is required.  MBA preferred
• Experience administering base pay, variable pay, and long-term incentive compensation programs, policies, and practices 
• Experience working with market compensation datasets to analyze and inform compensation strategy and ranges including understanding of compensation principles, job evaluation methodologies, market pricing, and incentive plan design
• Experience developing and managing multiple-faceted compensation plans from analytics to execution and leading projects  
• Maintains knowledge of federal, state, and local compensation laws and regulations and trends and innovations in compensation strategy and management
• Experience in building, maintaining, and presenting HR data analytics. Strong analytical skills with advanced proficiency in Microsoft Excel and experience in using data to guide decision-making 

Preferred Qualifications 

• Experience in a fast-paced Tech, Fintech, and/or Insur-tech company preferred
• Strong problem-solving skills with a structured, data-driven approach to tackling complex challenges
• Quick learner, highly resourceful, and adaptable, with the ability to prioritize effectively with a focus on measurable impact
• Experience using ADP WorkforceNow and Pave or other HRIS and compensation systems to administer compensation analytics and planning
• Experience in communicating and influencing compensation strategy to executive leadership and decision-makers and manage expectations across all organizational levels
• Possess a deep understanding of compensation across different business models, job functions, and geographical locations within the US 

Benefits and Perks

Hippo treats its team members with the same level of dedication and care as we do our customers, which is why we’re fortunate to provide all of our Hippos with:

• Healthy Hippos Benefits - Multiple medical plans to choose from and 100% employer covered dental & vision plans for our team members and their families. We also offer a 401(k)-retirement plan, short & long-term disability, employer-paid life insurance, Flexible Spending Accounts (FSA) for health and dependent care, and an Employee Assistance Program (EAP)
• Equity - This position is eligible for equity compensation 
• Training and Career Growth - Training and internal career growth opportunities
• Flexible Time Off - You know when and how you should recharge
• Little Hippos Program - We offer 12 weeks of parental leave for primary and secondary caregivers
• Hippo Habitat - Snacks and drinks available and catered lunches for onsite employees

The base pay range for this role is $120,000 - $170,000. Exact compensation may vary based on several job-related factors that are unique to each candidate, including but not limited to: skill set, experience, education/training, location, business needs and market demands. 

Hippo is an equal opportunity employer, and we are committed to building a team culture that celebrates diversity and inclusion. 

Hippo’s applicants are considered solely based on their qualifications, without regard to an applicant’s disability or need for accommodation. Any Hippo applicant who requires reasonable accommodations during the application process should contact the Hippo’s People Team to make the need for an accommodation known.