Senior Compensation Specialist - Maternity Cover

Stenn is one of the leading FinTechs in Europe and a category leader in the verticals and markets it operates in. Founded in 2015, Stenn’s purpose is to connect international SMEs to the global financial system, helping to bridge a reported $3.6 trillion (USD) financing gap through a fast, simple online platform. To date, Stenn has enabled over $18 billion (USD) of finance to SMEs in 3 verticals and 4 markets, with capital provided by several blue-chip banks and institutional fund managers across the globe. 

Rapid expansion continues at Stenn, as under-served SMEs seek financing solutions to manage significant macroeconomic and supply chain disruption; and this follows our $50 million Series A fundraise in 2022, valuing Stenn at $900 million.

Our HQ is in London with employees across the globe, including the USA, Europe and China. We are made up of diverse, highly skilled professionals who work in an innovative way to develop and drive our business further. Our people are empowered to work autonomously through a trusting leadership style which encourages learning.

The Role:

We’re looking for a Compensation Specialist to support our Total Rewards function for a Maternity Leave Cover. Working with the Chief People & Culture Officer on an interim basis, you will take ownership of our global compensation philosophy. 

In this position, you will need to have a strong understanding of sales commission plans, corporate bonus plans and experience preparing for Compensation Committee Meetings. As our subject matter expert, you will work cross-functionally with other business functions including Sales, Finance and Payroll. With an employee base across the UK, USA, Europe, India and China, you will have experience of handling compensation programmes across these key geographies.  

It’s an exciting time to take on this project as we look at designing our sales commission plans for FY25, launch an employee equity refresh programme and prepare for our FY25 annual compensation cycles. 

Key Responsibilities:

General Compensation: 

• Administer compensation programmes, including base salary, merit, bonus, commissions and employee equity programme.
• Create, roll out and manage the commission structures with Sales Operations and FP&A; and create corporate bonus plan.
• Support Talent Acquisition in salary negotiations and compensation packages.
• Collaborate with the wider P&C team on salary adjustments and market data requests, based on benchmarking data. 

Annual Pay & Bonus Cycles / Equity Programme Support:

• Run the annual compensation review process, including salary adjustments, bonuses, and stock options, based on benchmark data. 
• Support with the testing and maintenance of the HRIS (HiBob), documentation and flow of data to Payroll.

Analytics, Reporting & Insights:

• Ensure total data accuracy by maintaining our internal benchmarking data; review competitiveness vs. market and create action plans with the P&C team to ensure we stay ahead.
• Assess job roles and responsibilities to ensure accurate job levelling and appropriate pay grades.
• Prepare materials for the Compensation Committee of the Board related to salary, bonus, and LTI programs.
• Stay updated with relevant employment laws, regulations, and industry standards to ensure compliance with compensation practices across the globe. 

Qualifications: 

• Proven experience of working in a Compensation focussed role in a high growth Tech organisation.
• Expertise in designing and managing sales commission plans that align with business objectives.
• Subject matter expertise in job levelling, salary benchmarking and global merit cycle processing. 
• Some understanding of running employee equity programmes, including administering plans. 
• Global compensation experience, particularly in the UK and USA. Any additional experience in Europe and APAC is ideal.
• Excellent communication and organisational skills, with the ability to build relationships across all levels.
• Strong analytical skills and proficiency in data analysis tools, including Excel and HRIS systems.
• Analytically minded with a skill for articulating data to provide meaningful insights.
• The ability to come in, understand the business and deliver compensation changes, fast.

We appreciate the support recruitment agencies can provide, however our in-house team do not require any 3rd party assistance at this time. 

At Stenn, we believe that every team member deserves to feel like they belong. We foster a culture of inclusivity, respect, and collaboration where everyone's unique perspectives are valued. Join us and be part of a team where you can thrive and grow, both professionally and personally.