Compensation Analyst

2 Months ago • 3-5 Years • $90,000 PA - $145,000 PA

Job Summary

Job Description

Luma AI is seeking a Compensation Analyst to shape their reward strategy and drive growth. This role involves analyzing compensation data, collaborating with HR and recruiting on offers and leveling, conducting market analysis using tools like Mercer and Radford, and developing models for leadership. You will also update job architectures and compensation structures, and stay informed on market trends to ensure competitive and equitable compensation.
Must have:
  • 3-5 years in compensation or analytical roles
  • Expert spreadsheet skills (pivot tables, complex models)
  • Experience with salary benchmarking surveys (Mercer, Radford, Pave)
  • Strong grasp of equity compensation and valuation
Good to have:
  • Experience using AI tools for workflow automation
  • Ability to translate data insights into narratives
  • Comfort navigating ambiguity and shifting priorities
Perks:
  • Offers Equity

Job Details

You'll shape the way we reward, motivate, and retain the talented minds building our multimodal AI future. You'll own our compensation strategy, bringing clarity, fairness, and innovation to a critical part of Luma’s growth journey, working directly alongside leadership, HR, and finance teams.

What a Typical Week Might Look Like

  • Crunching numbers and turning compensation data into actionable insights—your analytics directly influencing hiring and retention decisions.

  • Collaborating with HR and recruiting teams, guiding them through salary offers and job leveling conversations.

  • Conducting detailed market analysis using tools like Mercer and Radford to ensure our compensation remains competitive and equitable.

  • Developing models and scenarios to help leadership visualize compensation strategies aligned with Luma’s ambitious growth plans.

  • Updating job architectures and compensation structures as we scale, ensuring fairness and transparency remain core to our values.

  • Keeping a pulse on market trends and proactively recommending adjustments to stay ahead in a rapidly evolving AI landscape.

Your Background Looks Something Like

The Essentials:

  • 3-5 years in compensation, finance, or analytical roles, ideally in fast-paced tech or startup environments.

  • Expert-level spreadsheet skills—you love creating pivot tables, complex models, and scenario analyses.

  • Hands-on experience with salary benchmarking surveys like Mercer, Radford, and Pave.

  • Strong grasp of equity compensation, private company valuation, and option pricing (e.g., 409A).

What Would Make You Exceptional:

  • Experience using AI tools to automate workflows or enhance compensation analytics.

  • A knack for translating intricate data insights into clear, compelling narratives for leadership.

  • Proven comfort navigating ambiguity and fluidly shifting priorities in a startup context.

You Might Really Thrive Here If...

  • You’re energized by solving complex puzzles—especially ones involving data and human psychology.

  • You genuinely care about fairness and transparency, and you’re excited to build systems that reflect those values.

  • You can seamlessly move between deep spreadsheet work and lively discussions about team growth.

  • You appreciate the fast-paced unpredictability of startups and have the adaptability to match it.

  • You're intrigued by how compensation shapes company culture and motivates teams.

Some of the Cool Things We're Working On

  • Scaling our compensation infrastructure from scratch to support our explosive growth.

  • Exploring creative approaches to equity and rewards that resonate with a diverse and innovative team.

  • Leveraging AI-driven tools for more dynamic, predictive compensation insights.

  • Designing strategies to support and attract global talent in competitive AI markets.

  • Ensuring our compensation philosophy actively supports and enhances our inclusive company culture.

About Luma AI

At Luma, we're building multimodal AI to expand human imagination and capabilities. We believe the next leap in AI won't come from language alone—but from models that can see, understand, create, and interact with the world visually.

Dream Machine is just the beginning. We're creating an intelligent creative partner—one that helps people express what's in their mind's eye, without needing the perfect words. Think: generative AI that's not just helpful, but beautifully intuitive and deeply visual.

We're product-focused, fast-moving, and shipping like crazy. Our team is small, sharp, and obsessed with building things that feel magical. If that resonates, keep reading.

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About The Company

Palo Alto, California, United States (Hybrid)

Palo Alto, California, United States (Hybrid)

Palo Alto, California, United States (Hybrid)

Palo Alto, California, United States (Hybrid)

Palo Alto, California, United States (Hybrid)

Palo Alto, California, United States (Hybrid)

Palo Alto, California, United States (Hybrid)

Palo Alto, California, United States (Hybrid)

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