Senior Benefits Manager

Company introduction:

Compass Pathways plc (Nasdaq: CMPS) is a biotechnology company dedicated to accelerating patient access to evidence-based innovation in mental health. The Company is headquartered in London, UK, with offices in New York City in the US. We focus on developing novel treatments that have the potential to improve the lives of those who are suffering with mental health conditions and who are not helped by current treatments.

We are pioneering a new paradigm for treating mental health conditions focused on rapid and durable responses through the development of our investigational COMP360 synthetic psilocybin treatment, potentially a first in class treatment. COMP360 has Breakthrough Therapy designation from the US Food and Drug Administration (FDA) and has received Innovative Licensing and Access Pathway (ILAP) designation in the UK for treatment-resistant depression (TRD) due to the pressing unmet need in this area.

We are currently in phase 3 for TRD, have completed phase 2 studies for both post-traumatic stress disorder (PTSD) and anorexia nervosa and are planning a further late-stage study in PTSD. We envision a world where mental health means not just the absence of illness but the ability to thrive. - Compass Pathways.

Job overview:

Compass Pathways is seeking a Senior Benefits Manager 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 Benefits Manager 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

Location: Jersey City, NJ or East Coast Remote with some travel to the London office

Reports to: Sr. Director People Operations

Roles and responsibilities

(Include but are not limited to):

• 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.

Candidate Profile:

• 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.

Benefits & Compensation:

For an overview of our benefits package and compensation information, please visit "Working at Compass".