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Compensation & Benefits Manager

Finom

Finom

Accounting & Finance
Madrid, Spain
Posted on Apr 29, 2024
About Finom

Finom is a European tech startup headquartered in Amsterdam—and we’re on a journey towards revolutionizing the financial landscape for entrepreneurs worldwide. Our mission is to develop an all-in-one financial B2B solution that integrates banking functions, accounting, financial management, and invoicing into a seamless, mobile-first platform.

Over the past two years, our team has fuelled exponential growth, securing $50 million in investments and propelling us into hyper-growth mode. We’re on track to become a unicorn start-up by 2025, backed by global funds like General Catalyst (known for supporting Airbnb, HubSpot, KAYAK, and Stripe). Finom has expanded its reach across 10+ EU countries, with a strong presence in key markets like Germany and France.

At Finom, we’re not just redefining the entrepreneurial experience—we’re empowering our employees to make a real difference. Your work matters, and your impact extends far beyond product metrics. We nurture innovation and an inspiring work environment where bold ideas thrive, prioritizing thorough research, swift implementation of solutions, and ensuring that every effort we make benefits our users, employees, partners, and our business as a whole.

Maintaining our start-up spirit, we prioritize thorough research, swift implementation of solutions, and ensuring that every effort we make benefits our users, employees, partners, and, of course, our business.

About The Role

As our Compensation & Benefits Manager, you'll play a pivotal role in defining and implementing cutting-edge policies and programs in the compensation and benefits space. Your contribution will be instrumental in managing our people's costs effectively and leading compensation and benefits initiatives across multiple countries, including Cyprus, Poland, The Netherlands, and Spain.

What You Will Be Doing

  • Collaborate with the Finance team to forecast and manage people's budget processes.
  • Conduct monthly analysis of employment costs, including internal, external, freelancers, and outsourced resources.
  • Define and implement compensation and benefits strategies as a project leader, with a focus on designing and implementing variable pay programs, such as bonus, commission, and long-term incentive models.
  • Customize benefits strategies locally to meet the diverse needs of our international workforce.
  • Conduct benchmarking studies on wages and total rewards and provide insightful cost analyses.
  • Lead salary review processes and implement other compensation and benefits enhancements.
  • Utilize reporting and data analysis, leveraging tools like PowerBI, to identify areas for improvement and advise on actionable insights.

Who You Are

  • Bachelor's or Master’s degree in Economics, Business, Human Resources, or a related field.
  • Specialized training or certification in compensation and benefits programs is desirable.
  • Significant experience in a similar role, with exposure to the software development or fintech industry, is preferred.
  • Experience in compensation and benefits within multinational environments is advantageous.
  • Excellent problem-solving abilities and analytical skills.
  • Proficiency in MS Excel and experience with reporting systems like PowerBI is a plus.
  • Strong communication and organizational skills, with the ability to collaborate effectively across teams.
  • A collaborative team player who takes ownership, embraces challenges and thrives in a fast-paced environment.

Hiring process for this role:

  • Recruiter Interview - 30 min -45 min
  • Test Assessment (personality, motivation, numerical)
  • Hiring Manager Interview - 45 min - 1 hour
  • Case Study - 3-4 hours
  • Hard Skills Interview - 45 min - 1 hour
  • Final Interview - 45 min - 1 hour
  • Offer

What You Will Get In Return

Make a genuine impact on the product

Join our upward trajectory, and grow with us. We provide the resources and opportunities for continuous personal and professional development, empowering you to make a genuine impact on our evolving product.

Work in the EU

Embark on this exciting journey with us, working from our elegant offices in Paphos (Cyprus) and Amsterdam (the Netherlands), with upcoming hubs in Poland and Spain. Enjoy the flexibility of traveling and working in a remote/hybrid model across Europe.

Become a stock options holder

Unlock your inner entrepreneur and align your aspirations with ours through our Stock Options Program. This exciting opportunity is available to every team member, from junior team members to our founders.

Receive unwavering support and care

Finom stands by you at every step, embodying our commitment to your well-being and success reflected in our modern, friendly, and eco-conscious corporate culture. We offer constant support and care to ensure your Finom experience is successful and fulfilling.

Work & Swim program

Immerse yourself in our exclusive Work & Swim Program. Spend one month in a comfortable corporate apartment in enchanting Cyprus. It's the ideal opportunity to strike the perfect work-life balance while enjoying breathtaking Mediterranean views.

Next Steps

Your application will be reviewed and if successful, a member of the Talent Acquisition Team will be in touch within the next few days.

Standard interview process:

  • Application Review - 3 - 5 days
  • Recruiter Interview - 30 min -45 min
  • Hiring Manager Interview - 45 min - 1 hour
  • Test Task - up to 1 hour
  • Final Interview - 45 min - 1 hour
  • Offer

Please note the order and duration of each step can vary depending on the type of position and seniority level.

Equal Opportunity Statement

At Finom, we're an equal opportunity employer and value diversity at our company. We embrace diversity and invite applications from all walks of life. We do not discriminate based on race, religion, color, national origin, gender, sexual orientation, age, marital status, disability status, or other applicable legally protected characteristics.