Full-Time

Global Benefits Manager

Posted on 7/29/2024

Verition Fund Management

Verition Fund Management

51-200 employees

Multi-strategy hedge fund for investments

Compensation Overview

$150 - $175/yr

Senior, Expert

New York, NY, USA

Category
Human Resources
People & HR
Required Skills
Communications
Management
Data Analysis
PowerPoint/Keynote/Slides
Requirements
  • 7-10 years of relevant benefits experience.
  • Expertise in managing benefits across multiple locations, with essential experience in the US and preferred experience within EMEA and/or APAC.
  • Excellent communication and interpersonal skills.
  • Demonstrated ability in change management and acting as an agent of change, guiding senior management and colleagues.
  • Strong capability to manage multiple priorities and tasks simultaneously.
  • Leadership skills, particularly in managing remote teams.
  • Effective project management abilities.
  • Strong analytical skills and attention to detail.
  • Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint).
  • A proactive, 'can do' attitude with a commitment to driving service excellence and supporting organizational growth.
Responsibilities
  • Manage and ensure compliance for all global benefit programs, including medical, dental, vision plans, LTD, STD, 401(k), wellness, pension plans (e.g., DEWS, MFP, CPF), and voluntary benefits.
  • Oversee the annual open enrollment process, collaborating with brokers on plan renewals and communicating changes to employees.
  • Oversee the annual renewal process for international office benefit plans.
  • Serve as the primary contact for complex employee benefit issues, including FMLA, disability, and worker compensation claims.
  • Promote and communicate international benefit programs effectively across all offices.
  • Act as the main liaison with benefit consultants and plan providers to ensure efficient administration of benefit plans.
  • Manage relationships with outside vendors, including brokers and service providers.
  • Conduct benefits surveys, research, analyze, and recommend new benefit programs to maintain competitiveness and manage costs.
  • Implement new programs and provide effective communication and training to employees.
  • Evaluate and enhance existing wellness programs and recommend new initiatives.
  • Ensure adherence to governmental regulations related to benefit programs and labor laws, including ERISA, FMLA, and HIPAA.
  • Conduct required testing, audits, non-discrimination testing, and filing of 5500s.
  • Manage the systems and technology supporting the benefit plans, ensuring seamless administration.
  • Ensure the proper day-to-day processing of benefit changes and enrollments by the payroll team.
  • Review and approve all benefit-related bills, coordinating with Accounts Payable to ensure timely payments.
  • Continuously review and improve existing processes to maintain process excellence.
  • Develop and provide management information and analytics as appropriate.
Verition Fund Management

Verition Fund Management

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Verition Fund Management is a hedge fund that employs multiple investment strategies to manage assets for institutional investors, such as pension funds and high-net-worth individuals. The firm focuses on various strategies including Credit, Fixed Income Macro, Convertible Volatility Arbitrage, Event Driven, Equity Long Short Capital Markets, and Quantitative Strategies. Verition allocates capital dynamically to take advantage of changing market conditions, aiming to generate absolute returns for its clients. The company differentiates itself from competitors through its collaborative work environment and a strong emphasis on risk management, utilizing both internal and external analyses to maintain disciplined investment practices. Verition's goal is to provide consistent returns while fostering creativity and cooperation among its team.

Company Size

51-200

Company Stage

N/A

Total Funding

$1.4B

Headquarters

Greenwich, Connecticut

Founded

2008

Simplify Jobs

Simplify's Take

What believers are saying

  • AMG's stake acquisition could provide Verition with additional capital and resources.
  • AI-driven trading strategies enhance Verition's quantitative strategies and market analysis.
  • Partnership with DIFC may cultivate future finance leaders, enhancing Verition's talent pool.

What critics are saying

  • Increased competition may pressure Verition's performance fees and client retention.
  • AMG's stake acquisition might lead to strategic shifts affecting operational autonomy.
  • Dynamic capital allocation strategy may increase exposure to market volatility.

What makes Verition Fund Management unique

  • Verition employs a multi-strategy approach, diversifying across global investment strategies.
  • The firm has a collaborative environment fostering creative investment ideas.
  • Verition's sophisticated risk management ensures disciplined investment practices.

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Benefits

Remote Work Options

Company News

Bloomberg Law
Apr 21st, 2025
AMG Acquires Stake in Verition Fund

Affiliated Managers Group Inc. is acquiring a minority stake in Verition Fund Management, a rapidly growing multistrategy hedge fund in the $4.5 trillion industry. The definitive agreement allows Verition's management, led by co-founders Nicholas Maounis and Josh Goldstein, to continue leading the firm and make a significant additional investment. The deal will be announced on Monday and is expected to close in the second quarter of this year.

MarketBeat
Apr 16th, 2025
Scotiabank Boosts MAG Silver (NYSEAMERICAN:MAG) Price Target to $18.50

Verition Fund Management LLC purchased a new stake in MAG Silver in the third quarter valued at $168,000.

ETF Daily News
Apr 4th, 2025
Corebridge Financial Inc. Grows Stake in Patrick Industries, Inc. (NASDAQ:PATK)

Verition Fund Management LLC purchased a new stake in Patrick Industries during the third quarter valued at approximately $418,000.

ETF Daily News
Mar 31st, 2025
Revolution Medicines, Inc. (NASDAQ:RVMD) Shares Purchased by Corebridge Financial Inc.

Verition Fund Management LLC acquired a new stake in Revolution Medicines in the 3rd quarter worth about $645,000.

ETF Daily News
Mar 30th, 2025
American Century Companies Inc. Acquires 175,059 Shares of Marten Transport, Ltd. (NASDAQ:MRTN)

Finally, Verition Fund Management LLC purchased a new stake in Marten Transport in the third quarter worth $216,000.

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