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

Quantitative Finance
Financial Services

Compensation Overview

$150 - $175Annually

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. Their approach involves dynamic capital allocation, allowing them to adapt to changing market conditions and aim for absolute returns. Verition 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. The company's goal is to generate positive returns for its clients while fostering a culture of creativity and cooperation among its team.

Company Stage

N/A

Total Funding

$1.4B

Headquarters

Greenwich, Connecticut

Founded

2008

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Simplify's Take

What believers are saying

  • Verition benefits from increased interest in ESG investing for sustainable investment strategies.
  • AI-driven trading platforms enhance Verition's quantitative strategies and risk management.
  • Alternative data sources provide Verition unique insights for competitive market predictions.

What critics are saying

  • Emerging hedge funds using AI may outperform Verition's traditional strategies.
  • Regulatory scrutiny could impact Verition's fee structures and transparency requirements.
  • Geopolitical tensions may disrupt Verition's fixed income and equity investment strategies.

What makes Verition Fund Management unique

  • Verition employs a multi-strategy approach, offering diverse 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

INACTIVE