Senior Manager of Benefits, COMPASS Pathways
$145-190k
+ Discretionary bonuses and equity
More information about location
Biotech accelerating patient access to evidence-based innovation in mental health
Be an early applicant
Biotech accelerating patient access to evidence-based innovation in mental health
201-500 employees
Be an early applicant
$145-190k
+ Discretionary bonuses and equity
More information about location
201-500 employees
Company mission
To accelerate patient access and experience to evidence-based innovation in mental health care, to achieve a vision of a world of mental wellbeing.
Role
Who you are
- 8+ years of progressive U.S. benefits experience
- Strong knowledge of health and welfare plans and benefits compliance
- Deep understanding of ACA, ERISA, HIPAA, COBRA, and FMLA requirements
- Experience managing benefits vendors, brokers, carriers, and third-party administrators
- Experience supporting renewals, open enrollment, and plan design discussions
- Strong understanding of payroll deductions, eligibility administration, and benefits data integrations
- Experience working with HRIS, payroll, and benefits administration systems
- Strong analytical, communication, and problem-solving skills
- Experience in a high-growth or highly regulated environment preferred
- Advanced Excel skills, including the ability to analyze benefits data, model costs, identify trends, and support renewal and budgeting decisions
What the job involves
- Compass Pathways is seeking a Senior Manager, Benefits to serve as the Company's US lead benefits subject matter expert and oversee the administration, compliance, strategy, and continuous improvement of our U.S. benefits programs
- This role is responsible for the overall management of health and welfare benefits, leave administration, compliance, vendor relationships, and employee benefits experience
- The Senior Manager, Benefits will partner closely with People Operations, Payroll, Finance, Legal, external brokers, carriers, and third-party administrators to ensure our programs remain competitive, compliant, and operationally effective
- Over time, the role will also develop familiarity with the Company's UK benefits programs to support knowledge sharing and a more globally aligned benefits strategy
- Reports to: Executive Director, People Operations
- Manage U.S. health and welfare benefit programs, including medical, dental, vision, life, disability, and voluntary benefits
- Support annual renewals, open enrollment, employee communications, and benefits administration activities
- Serve as the primary subject matter expert for ACA, ERISA, HIPAA, COBRA, and FMLA
- Serve as the primary point of contact for employee benefits inquiries and escalated issues
- Support employee questions related to the Company's 401(k) plan and work directly with Plan’s recordkeeper to facilitate issue resolution
- Manage relationships with brokers, carriers, third-party administrators, and benefits vendors
- Support plan design discussions, benchmarking activities, and cost management initiatives
- Complete benefits surveys and support benefits-related reporting and data requests
- Partner with Payroll and HRIS teams to ensure accurate payroll deductions, eligibility administration, and benefits data integrations
- Own the integrity of eligibility and enrollment files between payroll, HRIS, carriers, and vendors, proactively identifying and resolving discrepancies before they impact employees
- Analyze benefits data and identify trends, risks, and opportunities to improve employee experience and operational effectiveness
- Conduct root-cause analysis on recurring issues and implement sustainable solutions
- Ensure employees receive timely, accurate, and practical guidance regarding benefits programs
Our take
There’s been a major movement towards treating mental health issues with psychedelics over the last few years. While the vast majority of this work is still in R&D and clinical trials, the space has become awash with capital investment, with a handful of companies even going public.
COMPASS Pathways is one of those to go public, along with MindMed in 2020. The company is developing methods for treating depression and other mental health issues with psilocybin – the naturally occurring psychedelic chemical found in mushrooms.
The growth of COMPASS from being founded in 2016 to its IPO in 2020 has been extraordinary. There have been a few ups and downs since then (as is the case with most PLCs), with each rise and fall dependent on the progress of its trials. However, the fact that the company appointed former Otsuka Pharmaceutical executive Kabir Nath as CEO in 2022, bolstered by $285 million in private placement VC, shows that it's determined to stay ahead of the competition.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Apr 2020
$80m
SERIES B
Oct 2018
$25m
SERIES A
Total funding: $109.1m
Company benefits
- Pension and retirement savings plans
- Flexible working arrangements, including flexible hours, working-from-home and hybrid working
- Community Circles: a regular opportunity for team members to connect, share lived experiences, inspire others, and learn from each other
- Regular virtual and in-person social events, including a London-based hiking group, art and creative workshops, food and drinks evenings, team picnics, and holiday celebrations
- Comprehensive and market-leading health and wellness benefits including company paid healthcare plans
- Confidential counselling or therapy sessions via our Employee Assistance Programme
- Support from our own dedicated Community Wellbeing Lead to guide team members to our resources
- Workplace wellbeing initiatives, including employee-led yoga, meditation, mindfulness, and support groups for parents and carers and for people who are neurodiverse
- Breast-feeding facilities at our London office
- Wellbeing Leadership Forums for Line Managers
- Generous paid time off/annual leave allowance including one company closing per year and your birthday off
- Generous paid parental leave for eligible team members, up to 39 weeks
- Paid family and dependent care leave in addition to parental leave
- Job architecture, providing employees with guidance and clear pathways for developing and progressing their career and twice-yearly promotions cycle
- A process for performance and development goals that is tied to employees receiving feedback throughout the year and assessing individual performance and rewards at the end of the year
- Dedicated internal resources including regular webinars to support employees’ personal development and career goals
- A learning curriculum of courses on offer delivered by external experts to develop specific skill areas
- Dedicated effort for early career team members to learn skills and strategies for advancement
Company HQ
Soho, London, UK
Leadership
Kabir Nath
(CEO)Joined as CEO in 2022, having served as Senior Managing Director of Global Pharmaceutical Business at Japanese company Otsuka. Prior to this, they spent a decade at Bristol Myers Squibb in a number of roles including SVP of Virology, US Pharmaceuticals.
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