Compensation and Benefits Analyst
at Upgrade
Phoenix, United States
Upgrade helps customers move in the right direction with affordable and responsible financial products. Since 2017, we’ve helped over 7 million customers access over $40 billion in consumer credit. With a relentless focus on improving our customers' financial well-being, we build products that put more money in their pocket and support their journey toward a better financial future. We’re backed by some of the most prominent technology investors and were most recently valued at $6.3B.
We’re consistently recognized for our collaborative and inclusive culture. Most recently, we were named one of the World’s Top Fintech Companies by CNBC, Best Places to Work by Built In, Best Places to Work by the San Francisco Business Times, America’s Greatest Workplaces by Newsweek, Best Startup Employer by Forbes, and Healthiest Employers by Phoenix Business Journal.
We’re looking for new team members who get excited about designing and delivering new and better products. Come join us and help build a better financial future for millions of people.
About the Role:
We are looking for a Compensation and Benefits Analyst to support the execution of compensation programs through reporting, data integrity, and administrative processes. This role will primarily focus on compensation, including salary benchmarking, data preparation, and support for equity and variable pay programs. It will also include exposure to benefits-related coordination, reporting and analysis.
This role works closely with the Compensation Program Manager and the Senior Manager of Total Rewards. It is ideal for someone with foundational compensation knowledge who is highly detail-oriented, systems-savvy, and eager to grow in a structured, compliance-driven environment.
What You’ll Do
Compensation Cycle Support:
- Prepare and validate data for midyear and year-end compensation review cycles.
- Execute EIB uploads and maintain clean records in Workday and supporting systems.
- Assist with eligibility audited. Cycle file builds, and post-cycle reporting.
- Ensure documentation and audit logs are maintained accurately.
Benchmarking & Data Management:
- Support annual compensation survey submissions by matching roles and inputting relevant data.
- Pull and organize internal compensation data to support market pricing and internal equity analysis.
- Maintain up-to-date job and pay structure files in collaboration with the Program Manager.
Reporting & Systems Support:
- Run reports in Workday and Excel to support compensation and compliance efforts.
- Partner with HRIS and HR Operations to ensure data accuracy across systems.
- Support documentation of compensation processes, including version tracking and retention.
Benefits:
- Assists with benefits program administration, including enrollments, terminations, and changes.
- Supports benefits compliance, including ACA, FMLA, COBRA, and other regulatory requirements.
- Assists in reviewing benefits utilization trends and identifying opportunities for program enhancements.
- Supports benefits communication efforts, including open enrollment, employee education, and wellness initiatives.
The responsibilities outlined above represent key areas of focus for this role but are not intended to be an exhaustive list.
What We Look For:
- Bachelor's degree in Human Resources, Business Administration, or related field preferred.
- 1 to 3 of experience in Compensation, Benefits, or HR administration.
- Strong analytical skills with the ability to interpret and present data effectively.
- Proficient in HRIS, compensation tools, and microsoft excel.
- Knowledge of compensation laws and benefits regulations (FLSA, ACA, FMLA, COBRA).
- Ability to work effectively in a fast-paced environment.
- Strong attention to detail, problem-solving, and organizational skills.
- Excellent communication skills, with the ability to explain complex HR topics clearly.
What We Offer You:
- Competitive salary and stock options
- 100% paid coverage of medical, dental and vision insurance
- Flexible PTO
- Opportunities for professional growth and development
- Paid parental leave
- Health & wellness initiatives
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We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
Upgrade does not accept unsolicited resumes from staffing agencies, search firms, or any third parties. Any resume submitted to any employee of Upgrade without a prior written agreement in place will be considered the property of Upgrade, and Upgrade will not be obligated to pay any referral or placement fee. Agencies must obtain advance written approval from Upgrade's Talent Acquisition department to submit resumes and only in conjunction with a valid, fully executed agreement. English is required for all positions, as it involves interacting with staff at Upgrade's offices worldwide.