Director, Total Rewards - Porch
Seattle, WA
About the Job
Porch Group is a leading vertical software and insurance platform and is positioned to be the best partner to help homebuyers move, maintain, and fully protect their homes. We offer differentiated products and services, with homeowners insurance at the center of this relationship. We differentiate and look to win in the massive and growing homeowners insurance opportunity by 1) providing the best services for homebuyers, 2) led by advantaged underwriting in insurance, 3) to protect the whole home.
As a leader in the home services software-as-a-service ("SaaS") space, we've built deep relationships with approximately 30 thousand companies that are key to the home-buying transaction, such as home inspectors, mortgage companies, and title companies.
In 2020, Porch Group rang the Nasdaq bell and began trading under the ticker symbol PRCH. We are looking to build a truly great company and are JUST GETTING STARTED.
Job Title:Director, Total Rewards
Location: United States
Workplace Type: Remote
Job Summary
The future is bright for the Porch Group, and we'd love for you to be a part of it as our Director, Total Rewards.
The Director of Total Rewards at Porch will play a pivotal role in shaping and evolving our Total Rewards strategy to ensure alignment with the organization's overarching goals and objectives. This position will oversee the design and administration of comprehensive market-based compensation programs and processes, including base pay, merit, short and long-term incentives, compensation planning, and market analysis, with a focus on continuous improvement. Additionally, the Director will define the benefits and wellness offerings, carefully considering competitive standards, cost, liability, and regulatory compliance. This role will serve as a trusted advisor to leadership, providing valuable insights and data analytics to support effective decision-making and operational strategies.
What You Will Do As A Director, Total Reward
- Own and evolve Porch's Total Rewards program to enhance team members' productivity, engagement, and retention.
- Provide strategic insights into competitor and industry practices, conducting cost impact/effectiveness analyses, and making actionable recommendations to the executive team.
- Manage relationships with external parties such as benefits brokers, retirement plan advisors, compensation consulting partners, and other service providers.
- Collaborate with internal stakeholders and external consultants to develop and integrate policies and procedures that ensure compliance with regulatory requirements.
- Develop communication materials and lead training initiatives to educate the team on company compensation philosophies and programs.
- Provide support for sales incentives, executive compensation, equity, and benefits programs.
- Ensure Porch maintains career ladders, pay transparency, and pay equity across all roles.
- Strategize with the Talent Acquisition team to create competitive offers aligned with market data and our compensation philosophy for both new hires and existing employees.
- Prepare materials for Board of Director's compensation committee meetings and actively participate as required.
What You Will Bring As A Director, Total Rewards
- A strategic and hands-on leader with the ability to pivot from program design to tactical data analysis and meaningful interactions with leaders and employees.
- Demonstrated capability in providing and receiving collaborative feedback to enhance organizational practices.
- Excellent business acumen, strategic planning skills, and proficiency in data analytics.
- Proven ability to manage multiple projects simultaneously, balancing priorities, and meeting deadlines.
- Adaptability, with a focus on employee experience and the agility to respond to changing demands and priorities.
- Minimum of 10 years of Total Rewards leadership experience at public, multinational companies.
- Strong track record of building, leading, and mentoring diverse and high-performing teams.
- Ability to develop effective relationships at all organizational levels, internally and externally.
- A growth mindset, curiosity, and dedication to team success.
- Proficiency in leveraging data for decision-making, strong analytical skills, and the ability to translate technical analysis into executive presentations.
- Excellent verbal and written communication skills with a strong executive presence.
- Attention to detail, organizational skills, and a commitment to accuracy and precision.
- Proficiency in Microsoft Office Suite and Human Capital Management platforms, including Workday.
- Sound knowledge of regulations and laws governing compensation and benefits programs.
- Experience with compensation and benefits design and execution across multiple states or geographies.
- An advanced degree (MBA, Masters preferred).
We are excited to welcome a dynamic and experienced professional to join our team and contribute to Porch's ongoing success.
The application window for this position is anticipated to close in 2 weeks (10 business days) from March 13, 2024. Please know this may change based on business and interviewing needs.
At this time, Porch Group does do not operate in or consider applicants from the following states for remote positions: Alaska, Arkansas, Delaware, Hawaii, Iowa, Maine, Mississippi, New Hampshire, and West Virginia.
What You Will Get As A Porch Group Team Member
Pay Range*: $157,500.00 - $220,500.00 annually.
*Please know your actual pay at Porch will reflect a number of factors among which are your work experience and skillsets,job-related knowledge, alignment with market and our Porch employees, as well as your geographic location.
Additionally, you will be eligible to receive long-term incentive awards, subject to program guidelines and approvals.
You will also be eligible to receive an annual bonus based on individual and company performance, subject to program guidelines and approvals.
Our benefits package will provide you with comprehensive coverage for your health, life, and financial wellbeing.
- Our traditional healthcare benefits include three (3) Medical plan options, two (2) Dental plan options, and a Vision plan from which to choose.
- Critical Illness, Hospital Indemnity and Accident plans are offered on a voluntary basis.
- We offer pre-tax savings options including a partially employer funded Health Savings Account and employee Flexible Savings Accounts including healthcare, dependent care, and transportation savings options.
- We provide company paid Basic Life and AD&D, Short and Long-Term Disability benefits. We also offer Voluntary Life and AD&D plans.
- Both traditional and Roth 401(k) plans are available with a discretionary employer match.
- Headspace is part of our employer paid wellbeing program and provides employees and their families access to on demand guided meditation and mindfulness exercises, mental health coaching, clinical care and online access to confidential resources including will preparation.
- Brio Health is another employer paid wellbeing tool that offers quarterly wellness challenges and prizes.
- LifeBalance is a free resource to employees and their families for year-round discounts on things like gym memberships, travel, appliances, movies, pet insurance and more.
- Our wellness programs include flexible paid vacation, company-paid holidays of typically nine per year, paid sick time, paid parental leave, identity theft program, travel assistance, and fitness and other discounts programs.
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What's next?
Submit your application and our Porch Group Talent Acquisition team will be reviewing your application shortly! If your resume gets us intrigued, we will look to connect with you for a chat to learn more about your background, and then possibly invite you to have virtual interviews. What's important to call out is that we want to make sure not only that you're the right person for us, but also that we're the right next step for you, so come prepared with all the questions you have!
Porch is committed to building an inclusive culture of belonging that not only embraces the diversity of our people but also reflects the diversity of the communities in which we work and the customers we serve. We know that the happiest and highest performing teams include people with diverse perspectives that encourage new ways of solving problems, so we strive to attract and develop talent from all backgrounds and create workplaces where everyone feels seen, heard and empowered to bring their full, authentic selves to work.
Porch is an Equal Opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex including sexual orientation and gender identity, national origin, disability, protected veteran status, or any other characteristic protected by applicable laws, regulations, and ordinances.
Porch Group is an E-Verify employer. E-Verify is a web-based system that allows an employer to determine an employee's eligibility to work in the US using information reported on an employee's Form I-9. The E-Verify system confirms eligibility with both the Social Security Administration (SSA) and Department of Homeland Security (DHS). For more information, please go to the USCIS E-Verify website.