What are the responsibilities and job description for the Vice President, Compensation position at Rocket?
This posting will be open until June 30, 2026. Applications received after this date may not be considered.
The preferred location is Detroit; however, remote work will be considered for qualified candidates.
The Vice President of Compensation executes the company’s vision and mission across the compensation discipline throughout the enterprise. Serving as a key strategic partner to the business, this leader will act as a "builder," establishing foundational compensation policies, processes, and programs. They will direct the team’s output, managing the annual broad-based compensation cycle while also partnering with the team that supports executive compensation. As a highly data-driven, consultative leader, they will provide an integrated guiding system for all compensation programs and initiatives, partnering with cross-functional leads and executive leadership to drive strategy.
About The Role
Minimum Qualifications
Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We’ve got your back. Check out our full list of Benefits and Perks.
About Us
Rocket is a Detroit-based company made up of businesses that provide simple, fast and trusted digital solutions for complex transactions. The name comes from our flagship business, now known as Rocket Mortgage®, which was founded in 1985. Today, we’re a publicly traded company involved in many different industries, including mortgages, fintech, real estate and more. We’re insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.
This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time. Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws. Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at Careers@Rocket.com.
The compensation information below is provided in compliance with all applicable job posting disclosure requirements. The compensation for this position is $186,500.00 - $396,500.00. The position may also be eligible for an annual bonus, incentives, and other employment-related benefits including, but not limited to, medical, dental, and vision benefits, 401K retirement plan, and paid-time off. More information regarding these benefits and others can be found here. The information regarding compensation and other benefits included in this paragraph is the company’s current, good faith estimate at the time of posting. [Compensation and benefits are subject to modification from time to time as the Company, in its sole and exclusive discretion, deems appropriate.] The Company may determine during its future reviews of the proposed compensation and benefits provided for this position, that the compensation and benefits for such position should be reduced. In no event will the Company reduce the compensation for the position to a level below the applicable jurisdictional minimum wage rate for the position. Los Angeles County and San Francisco Candidates only: qualified applicants with arrest or conviction records will be considered for employment per the Fair Chance Ordinance and the Fair Chance Initiative for Hiring.
The preferred location is Detroit; however, remote work will be considered for qualified candidates.
The Vice President of Compensation executes the company’s vision and mission across the compensation discipline throughout the enterprise. Serving as a key strategic partner to the business, this leader will act as a "builder," establishing foundational compensation policies, processes, and programs. They will direct the team’s output, managing the annual broad-based compensation cycle while also partnering with the team that supports executive compensation. As a highly data-driven, consultative leader, they will provide an integrated guiding system for all compensation programs and initiatives, partnering with cross-functional leads and executive leadership to drive strategy.
About The Role
- Lead the success of the compensation team by executing the compensation team’s vision, mission and strategy, specifically focusing on a 2-3 year mandate to rebuild and modernize foundational compensation policies and processes.
- Lead the development of the compensation team by finding, hiring, inspiring and retaining top talent, ensuring the team operates as strategic partners rather than transactional order-takers.
- Oversee the design and execution of broad-based annual compensation plans.
- Analyze compensation programs performance and use industry best practices to identify opportunities and provide recommendations to increase team and company performance as well as streamline workflow.
- Develop data-driven dashboards and reporting mechanisms to effectively socialize the impact and effectiveness of the compensation function to executive leadership.
- Provide subject matter expertise when identifying and choosing compensation technologies to support our compensation programs and initiatives.
- Drive learning and development opportunities as well as recognition for the compensation team.
- Drive innovation and inspiration within team meetings to ensure information is engaging and well received.
- Optimize the compensation team through leading leaders to ensure successful and timely achievement of team goals by planning, prioritizing and executing.
- Manage capabilities of the team to execute and maintain a long-term vision.
Minimum Qualifications
- 15 years of progressive compensation experience, ideally with a strong focus on broad-based compensation and managing large-scale annual compensation plans.
- 10 years of leadership experience, with a proven ability to lead, mentor, and advocate for a strategic compensation team.
- Demonstrated experience administering career frameworks and standardized bonus targets across a complex business.
- Working knowledge of executive compensation principles and the ability to collaborate with a team supporting executive compensation initiatives.
- Deep understanding of compensation technologies and how to best leverage them to drive efficiencies and streamline workflows.
- Demonstrated experience leveraging AI to optimize the compensation function by reducing manual work to produce strategic compensation professionals.
- Highly data-driven mindset with the ability to build dashboards, measure compensation effectiveness, and "tell the story" of compensation to the business.
- Demonstrated ability in taking ambiguous and complex situations and communicating them effectively and efficiently to various leadership and team member levels.
- Strong consultative skills, including the ability to confidently advise, push back, and partner with business leaders who are experts in their own spaces.
- Demonstrated ability in driving compensation programs across the company, particularly during periods of rebuilding or transformation.
- Demonstrated ability in working cross functionally and partnering with executive leadership to drive solutions across the enterprise.
- Demonstrated ability in providing thought leadership, innovation and change management.
- Demonstrated ability in asking proactive and deep questions to solve problems at the root cause.
- Bachelor's degree and/or certification in a related field (e.g., CCP).
- Experience working across multiple industries, particularly in mid-to-large size organizations (8,000–20,000 employees).
- Previous experience in a Total Rewards leadership capacity.
Our team members fuel our strategy, innovation and growth, so we ensure the health and well-being of not just you, but your family, too! We go above and beyond to give you the support you need on an individual level and offer all sorts of ways to help you live your best life. We are proud to offer eligible team members perks and health benefits that will help you have peace of mind. Simply put: We’ve got your back. Check out our full list of Benefits and Perks.
About Us
Rocket is a Detroit-based company made up of businesses that provide simple, fast and trusted digital solutions for complex transactions. The name comes from our flagship business, now known as Rocket Mortgage®, which was founded in 1985. Today, we’re a publicly traded company involved in many different industries, including mortgages, fintech, real estate and more. We’re insistently different in how we look at the world and are committed to an inclusive workplace where every voice is heard. Apply today to join a team that offers career growth, amazing benefits and the chance to work with leading industry professionals.
This job description is an outline of the primary responsibilities of this position and may be modified at the discretion of the company at any time. Decisions related to employment are not based on race, color, religion, national origin, sex, physical or mental disability, sexual orientation, gender identity or expression, age, military or veteran status or any other characteristic protected by state or federal law. The company provides reasonable accommodations to qualified individuals with disabilities in accordance with applicable state and federal laws. Applicants requiring reasonable accommodations in completing the application and/or participating in the application process should contact a member of the Human Resources team, at Careers@Rocket.com.
The compensation information below is provided in compliance with all applicable job posting disclosure requirements. The compensation for this position is $186,500.00 - $396,500.00. The position may also be eligible for an annual bonus, incentives, and other employment-related benefits including, but not limited to, medical, dental, and vision benefits, 401K retirement plan, and paid-time off. More information regarding these benefits and others can be found here. The information regarding compensation and other benefits included in this paragraph is the company’s current, good faith estimate at the time of posting. [Compensation and benefits are subject to modification from time to time as the Company, in its sole and exclusive discretion, deems appropriate.] The Company may determine during its future reviews of the proposed compensation and benefits provided for this position, that the compensation and benefits for such position should be reduced. In no event will the Company reduce the compensation for the position to a level below the applicable jurisdictional minimum wage rate for the position. Los Angeles County and San Francisco Candidates only: qualified applicants with arrest or conviction records will be considered for employment per the Fair Chance Ordinance and the Fair Chance Initiative for Hiring.
Salary : $186,500 - $396,500