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Senior Manager, Compensation

Clover Health

United States of America / Remote
  • Job Type: Full-Time
  • Function: HR
  • Industry: Digital Health
  • Post Date: 05/08/2024
  • Website: cloverhealth.com
  • Company Address: 30 Montgomery St, Jersey City, NJ 07306, US

About Clover Health

Clover Health (Nasdaq: CLOV) is a physician enablement company focused on seniors who have historically lacked access to affordable, high-quality healthcare.

Job Description

The People Operations team at Clover is a passionate group committed to transforming healthcare and enhancing people's lives, a challenging yet rewarding mission! We provide guidance, support, and innovative programs to empower our teams, ensuring they thrive in their roles. It’s an immense responsibility, and we’re privileged to do it.

We’re looking for a Senior Manager of Compensation, to spearhead the development and execution of Clover’s global compensation strategy to attract and retain top talent. You'll oversee all aspects of our compensation programs, including salary structures, equity awards, and additional incentives. With a focus on innovation, transparency, and creative thinking, you'll conduct market analysis, build a talented team, and implement communication strategies to empower employees and drive organizational success.


As a Senior Manager, Compensation, you will:

  • Develop, implement, and manage a comprehensive compensation strategy aimed at attracting and retaining top talent, ensuring pay equity and driving performance across all programs, including salary structures, equity awards, and other incentives.
  • Oversee ongoing employee compensation programs, including bonuses, market reviews, biannual promotion processes, and equity refresh cycles, ensuring alignment with organizational goals and industry best practices.
  • Collaborate with cross-functional teams such as HR, Talent, Finance, Legal, and vendors, to provide subject matter expertise, manage stock plan administration, and drive various compensation and total reward initiatives.
  • Lead the short and long-term compensation strategy and execution, including job leveling, career-pathing, attraction, retention, reward and recognition, and incentive design to support organizational objectives and employee development.
  • Cultivate a high-performing team by providing mentorship, removing roadblocks, and fostering a culture of growth, innovation, and collaboration.

Success in this role looks like:

  • Within the first 60 days, you have seamlessly integrated into the compensation and total rewards team, actively spearheading compensation initiatives and assuming responsibility for critical operational functions. You have also started to establish strong relationships with key stakeholders across Clover, fostering collaboration and understanding of compensation strategies. 
  • By the end of your 90-day period, you have demonstrated a deep understanding of the compensation and HR frameworks at Clover, exhibit autonomous leadership in team management and are consistently meeting both internal and external objectives.
  • By 6 months, you will be immersed and leading the redesign and implementation of key compensation programs and actively contributing to broader talent management initiatives.
  • Future success in this role will be measured through employee engagement and understanding of our compensation programs, talent retention rates, compliance audits, and feedback from peers and senior leadership, ensuring ongoing alignment of compensation strategies. Continued success in this role involves ongoing improvement of the foundational compensation framework, combined with strategic business partnership. This includes consulting with leadership up to and including the board. It also expands to everything from identifying white space opportunities ranging from workforce planning and geolocation strategies, to incentive design in an evolving corporate landscape.

You should get in touch if:

  • You have 10+ years of relevant compensation experience, including 5+ years in senior leadership positions where you’ve demonstrated success in equity compensation management within complex and fast-paced environments. 
    • Public company experience required. Experience in the technology and/or health tech industries preferred but not required. 
  • You have in-depth knowledge of global compensation principles, regulations, and market trends, complemented by proficiency in utilizing platforms such as ADP, Radford, Mercer, BetterComp, E*Trade or similar systems and tools.
  • You’re excited to be at the forefront of redesigning our compensation programs, leveraging your expertise to shape and refine strategies across multiple business units.
  • You have excellent leadership, communication, and interpersonal skills; essential for fostering team collaboration and driving organizational alignment. 
  • You have demonstrated the ability to transition seamlessly between individual contributor and leadership roles, embodying a "player-coach" mindset to inspire and guide team members toward achieving collective goals.
  • You are proficient in leveraging analytical tools and databases to interpret complex compensation data, identify market trends, and formulate data-driven and actionable insights.

Clover Benefits: 

  • Financial Well-Being: Our commitment to attracting and retaining top talent begins with a competitive base salary and equity opportunities. Additionally, we offer a performance-based bonus program, 401k matching, and regular compensation reviews to recognize and reward exceptional contributions.
  • Physical Well-Being: We prioritize the health and well-being of our employees and their families by providing comprehensive medical, dental, and vision coverage. Your health matters to us, and we invest in ensuring you have access to quality healthcare.
  • Mental Well-Being: We understand the importance of mental health in fostering productivity and maintaining work-life balance. To support this, we offer initiatives such as No-Meeting Fridays, company holidays, access to mental health resources, and a generous flexible time-off policy.
  • Additional Perks:
    • Employee Stock Purchase Plan (ESPP) offering discounted equity opportunities
    • Reimbursement for office setup expenses
    • Remote-first culture, enabling collaboration with global teams
    • Paid parental leave for all new parents
    • Plus more!

LI-Remote

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records. We are an E-Verify company.

A reasonable estimate of the base salary range for this role is $195,000 to $240,000. Final pay is based on several factors including but not limited to internal equity, market data, and the applicant’s education, work experience, certifications, etc.


About Clover: We are reinventing health insurance by combining the power of data with human empathy to keep our members healthier. We believe the healthcare system is broken, so we've created custom software and analytics to empower our clinical staff to intervene and provide personalized care to the people who need it most.

We always put our members first, and our success as a team is measured by the quality of life of the people we serve. Those who work at Clover are passionate and mission-driven individuals with diverse areas of expertise, working together to solve the most complicated problem in the world: healthcare.

From Clover’s inception, Diversity & Inclusion have always been key to our success. We are an Equal Opportunity Employer and our employees are people with different strengths, experiences and backgrounds, who share a passion for improving people's lives. Diversity not only includes race and gender identity, but also age, disability status, veteran status, sexual orientation, religion and many other parts of one’s identity. All of our employee’s points of view are key to our success, and inclusion is everyone's responsibility.

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