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Full-Time

Global Benefits Manager

Posted on 7/29/2024

Verition Fund Management

Verition Fund Management

501-1,000 employees

Offers diverse global investment strategies

Financial Services
Fintech

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 LLC provides a diverse range of global investment strategies, including Credit, Fixed Income & Macro, Convertible & Volatility Arbitrage, Event-Driven, Equity Long/Short & Capital Markets, and Quantitative Strategies. The company's approach involves a multi-strategy, multi-manager approach and an institutional quality infrastructure, leveraging a team of over 500 investment/risk and non-investment professionals.

Company Stage

N/A

Total Funding

$1.3B

Headquarters

Greenwich, Connecticut

Founded

2008

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Simplify's Take

What believers are saying

  • Exposure to a wide range of industries and companies can provide employees with diverse investment experience and knowledge.
  • The firm's active investment strategy and frequent acquisitions suggest a dynamic work environment with opportunities for rapid career growth.

What critics are saying

  • The broad investment strategy may expose the firm to higher market volatility and sector-specific downturns.
  • Frequent acquisitions and stakes in various companies could lead to overextension and potential challenges in portfolio management.

What makes Verition Fund Management unique

  • Verition Fund Management's strategy of diversifying investments across various sectors and companies, including technology, mining, and consumer goods, sets it apart from more specialized funds.
  • Their ability to identify and invest in companies at different stages of growth, from newly public companies to established firms, showcases a versatile investment approach.
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