Total Rewards Specialist - Mexico City (Hybrid)

Ready to accelerate your career? Clara is the fastest-growing company in Latin America. We've built the leading solution for companies to make and manage all their payments. We already help over 20,000 large and growing businesses operate with agility and financial clarity through locally issued corporate cards, bill pay, financing, and a powerful B2B platform built for scale. Clara is backed by some of the most successful investors in the world, including top regional VCs like monashees, Kaszek, and Canary, and leading global funds like Notable Capital, Coatue, DST Global Partners, ICONIQ Growth, General Catalyst, Citi Ventures, SV Angel, Citius, Endeavor Catalyst, and Goldman Sachs - in addition to dozens of angel investors and local family offices. We’re building the financial infrastructure that powers high-performing organizations across the region. We invite you to join us if you want to be part of a fast-paced environment that will accelerate your career and support you to do some of the best work of your life alongside a passionate and committed team distributed across the Americas. Total Rewards Specialist will design, implement, and manage compensation and benefits programs, ensuring they are competitive and aligned with company goals. The role requires strong analytical skills, expert-level Excel proficiency, and the ability to make data-driven decisions. Key Responsibilities Develop and manage Clara's compensation structures — including salary bands, variable pay programs, and equity frameworks — across LATAM Conduct market research and benchmark analysis using survey platforms to ensure competitive pay practices. Support the hiring committee with offer calibration, ensuring every offer is internally equitable and market-aligned. Design and manage employee benefits programs across Clara's markets, balancing compliance, employee experience, and cost efficiency. Research, evaluate, and recommend new benefits or perks based on market trends, employee feedback, and business priorities. Partner with Finance and Legal to ensure benefits are correctly reflected in payroll, contracts, and statutory filings in each country. Analyze compensation and benefits data using advanced Excel skills — including financial modeling, scenario analysis, pay equity reviews, and cost projections. Build and maintain People dashboards and compensation reports for internal stakeholders, from headcount snapshots to investor-facing workforce cost analyses. Lead compensation and benefits projects end-to-end: annual review cycles, band restructures, benefits renewals, and incentive program rollouts. Ensure compliance with labor laws and regulations affecting compensation and benefits in LATAM. Drive process improvements in how compensation decisions are structured, communicated, and operationalized across the org. Qualifications Bachelor's degree in Business Administration, Industrial Engineering, Economics, HR, or a related field. 3–6 years of experience in compensation and benefits analysis, ideally with multi-country LATAM exposure. Expert proficiency in Excel / Google Sheets: financial models, scenario planning, pivot tables, and data visualization. Strong analytical and project management skills, you can own a process from design through execution. Excellent communication skills: you translate complex compensation data into clear narratives for managers and executives. Fluent in Spanish; professional proficiency in English. Nice to Have Experience at a high-growth startup or fintech operating across Latin America. Familiarity with HRIS platforms (Workday, BambooHR, or similar) and workflow automation tools. Knowledge of equity compensation mechanics (stock options, ESOPs) in a multi-geography context. Key Competencies Analytical thinking — you love working with data and turning numbers into decisions. Attention to detail — compensation errors have real consequences, and you know it. Effective communication — you make complex things simple fo