Specialist, Total Rewards

About Carvana

If you like disrupting the norm and are looking to join a company revolutionizing an industry then you will LOVE what Carvana has done for the car buying experience. Buying a car the old-fashioned way sucks and we are working hard to make it NOT suck. I mean, have you seen our vending machine?!

We are looking for people who are excited to thrive in an environment of impactful change. Team spirit is evident at Carvana and everyday we let our passions and creativity foster innovation. We take big swings, set ambitious goals, and challenge each other to make data- and process-driven decisions in everything we do. Here are a few of our stories! We’ve been changing the game since 2013, and we’re not taking our foot off the gas now. Want more of the story? Check out our background here. 

About the team and position

The Total Rewards Specialist is a critical role on the Total Rewards team and is responsible for delivery of various Total Rewards offerings including, equity plans, our Employee Stock Purchase Plan (ESPP), compensation plans, bonus plans, and Paid Time Off (PTO). 

You are an organized, proactive, critical thinker who is naturally curious, analytical, and detail-oriented. You are intrinsically motivated to improve various processes and programs. You have a passion for the employee experience and focus on continuously enhancing communication and education around our various Total Rewards programs. You thrive in a collaborative environment and can develop productive partnerships with Talent Development, Legal, Accounting, Payroll, and external vendors to make sure existing programs run smoothly and support business objectives You handle sensitive and confidential information with the highest level of integrity.

This role reports directly to the Manager, Total Rewards Programs and is located in our Tempe, AZ headquarters with a hybrid work schedule of 3 days in-office and 2 days remote.

What you’ll be doing

• Administer all aspects of our various Total Rewards programs, including compensation, equity, Employee Stock Purchase Plan (ESPP), bonus plans, and Paid Time Off (PTO).
• Maintain accurate and up-to-date data related to the plans you administer.
• Maintain employee and award information in our equity portal and ensure efficient, timely, and accurate processing of grants and terminations.
• Collect and organize equity awards and prepare executive summary information for presentation to the Board of Directors.
• Collaborate with stakeholders & vendors to ensure accurate data flows, identify problem areas, and drive solutions.
• Develop Employee Stock Purchase Plan (ESPP) communications plan and work closely with our broker from the enrollment period through the purchase period.
• Organize, update, and maintain accuracy of compensation rate files.
• Organize and maintain bonus plan accrual files in partnership with Accounting and Talent Development.
• Process quarterly and annual bonus plan payments.
• Point of contact for team members with related questions and assist with escalated inquiries.
• Communicate plan provisions to employees and resolve employee issues and concerns.
• Assist with Workday Paid Time Off plans design and testing.
• Prepare custom reports and perform complex reconciliations to review accuracy of data.
• Provide a superior customer experience to Carvana team members.
• Ensure compliance with federal, state, and local compensation laws and regulations.
• Assist with compensation-related requests and projects.
• Maintain organized Total Rewards records.
• Respond in a timely manner to ad hoc data requests from Legal, People Operations, People Systems, Payroll, and Accounting.
• Other duties as assigned.

What you should know/have

• BS or BA Degree required (concentration in Finance/Accounting/Legal preferred).
• 2+ years of experience in Finance, Accounting, or other similar role.
• Advanced Google Sheets & Excel knowledge.
• Meticulous attention to detail.
• Outstanding analytical, communication, and organizational skills.
• Team player and collaborator with a strong work ethic and ability to work independently.
• Ability to handle sensitive and confidential information with a high level of discretion.

We’d love it if you also have

• Knowledge of equity-related accounting, tax, and legal concepts.
• Knowledge of regulatory and compliance matters as they relate to equity and compensation.
• Stock plan administration for a publicly traded company.
• Experience with Morgan Stanley Shareworks.
• Experience with Workday.

What we’ll offer in return

• Full-Time Salary Position with a competitive salary.
• Medical, Dental, and Vision benefits.
• 401K with company match.
• A multitude of perks including student loan payments, discounts on vehicles, benefits for your pets, and much more.
• A great wellness program to keep you healthy and happy both physically and mentally.
• Access to opportunities to expand your skill set and share your knowledge with others across the organization.
• A company culture of promotions from within, with a start-up atmosphere allowing for varied and rapid career development.
• A seat in one of the fastest-growing companies in the country.

 

Other requirements

To be able to do your job at Carvana, there are some basic requirements we want to share with you.

• Must be able to read, write, speak, and understand English.

Of course, we’ll make any reasonable accommodations for those with disabilities to perform the essential functions of their jobs. 

 

Legal stuff

Hiring is contingent on passing a complete background check.  This role is not eligible for visa sponsorship.

 

Carvana is an equal employment opportunity employer.  All applicants receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity or expression, marital status, national origin, age, mental or physical disability, protected veteran status, or genetic information, or any other basis protected by applicable law.  Carvana also prohibits harassment of applicants or employees based on any of these protected categories.

 

Please note this job description is not designed to contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice. 

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Last updated on Aug 22, 2024