Full-Time

Global Head of Compensation and Benefits – Senior Vice President

Posted on 7/29/2024

iCapital Network

iCapital Network

1,001-5,000 employees

Connects advisors with alternative investment opportunities

Fintech
Financial Services

Compensation Overview

$225k - $250kAnnually

+ Equity + Annual Performance Bonus

Senior

New York, NY, USA

Hybrid role requiring in-office presence Monday-Thursday, with remote work flexibility on Friday.

Category
Financial Planning and Analysis (FP&A)
Finance & Banking
Requirements
  • Minimum 15+ years of previous experience, with 7+ years of global experience (including APAC), in similar roles focusing on compensation, benefits, and wellness programs; Team management and international experience is required
  • In-depth knowledge of benefits programs (health, wellness, and retirement plans), leave policies, and related benefits law (i.e., FSA/HSA programs, COBRA, FMLA)
  • Experience building compensation packages and bonus programs for various departments and levels in a rapidly changing organization
  • Strong understanding of external marketplace and dynamics influencing business and stay abreast of trends and changes in the regulatory environment
  • Intermediate or advanced experience using Microsoft Office with a priority on Excel skills and proficient in HRIS, compensation, benefits, payroll, and 401k systems
  • Experience with end-to-end management and reporting of employee data and ensuring data integrity across HRIS systems and manual spreadsheets
  • Understand and apply effective change-management principles, including leadership and management of change programs and methodologies needed to drive large-scale change processes
  • Experience working for a global company, as well as a growth organization demonstrating adaptability and change management skills
  • Experience with vendor selection, RFPs, and implementations
  • Strong communication skills; both verbal and written
  • Able to travel to our offices across the tri-state (CT, NJ, NY) as needed
Responsibilities
  • Lead and mentor the Total Rewards team, fostering a collaborative and high-performing culture.
  • Own the compensation and benefits programs for all countries where iCapital has employees.
  • Lead the global benchmarking, data analysis, program development, and operational and administrative processes for broad-based compensation, medical, dental, disability, and other health and welfare benefits offerings.
  • Implement the compensation function including base salary and incentive compensation, sales compensation, equity administration, market data survey selection, and participation.
  • Lead the annual year-end compensation process including the implementation and continuous administration of the company’s compensation system, providing support to the business and HR throughout the process.
  • Provide information, analysis, and implementation support for all M&A transactions from diligence through integration.
  • Manage and update all policy and procedure handbooks globally.
  • Manage the Global Mobility program.
  • Assist HR team in the market evaluation of jobs and review of jobs from a legal, compliance, and FLSA perspective.
  • Partner with external Benefits administrators to stay abreast of the market. Make recommendations to supplement and update offerings and policies to stay competitive and provide services aligned with employee needs.
  • Stand up new compensation and benefits programs in new countries iCapital expands into.
  • Manage and maintain benefit programs such as retirement plans, leave policies, wellness programs, and insurance policies.
  • Manage annual open enrollment and develop and implement enrollment campaigns and initiatives.
  • Manage FMLA, family leave, and other leave policies to ensure leaves are documented, communicated, and administered consistent with company policies and with compassion and empathy.
  • Make effective use of EAP, mental health, and other behavioral programs as part of overall employee wellness.
  • Ensure compliance with relevant laws pertaining to compensation and benefits, in partnership with HR, Legal, and outside counsel; Ensure all benefit program documentation and notices are updated and distributed.

iCapital Network connects financial advisors with high net worth investors to provide access to alternative investment opportunities, such as private equity, hedge funds, and real estate. Their platform simplifies the investment process, making it easier for affluent clients to diversify their portfolios and seek higher returns. iCapital offers a comprehensive solution that includes access to curated investment options, educational resources, and support services. They generate revenue through various fees based on the assets managed or invested through their platform. What sets iCapital apart from competitors is their focus on delivering a seamless user experience and a strong emphasis on educating clients about the risks and benefits of alternative investments.

Company Stage

Late Stage VC

Total Funding

$662M

Headquarters

New York City, New York

Founded

2013

Growth & Insights
Headcount

6 month growth

2%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • iCapital's partnerships expand access to alternative investments in Asia and Latin America.
  • The platform benefits from increased demand for digital wealth management solutions.
  • iCapital's focus on ESG investing aligns with current market trends.

What critics are saying

  • Competition from fintech platforms like Moonfare and Yieldstreet could erode market share.
  • Regulatory challenges may arise from expansion into Latin American markets.
  • Reliance on partnerships poses risks if partners develop competing platforms.

What makes iCapital Network unique

  • iCapital offers a curated menu of private equity, credit, and hedge funds.
  • The platform simplifies alternative investments with lower minimums and digital workflows.
  • iCapital provides extensive advisor education and compliance tools for wealth managers.

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Benefits

COmprehensive benefits package - Salary, Equity, Annual Performance Bonus, Employer Matched Retirement Plan

Generally Subsidized Healthcare with 100% employer paid dental, vision, telemedicine, and virtual mental health counseling

Unlimited PTO

Parental Leave

INACTIVE