Prepare Excel reports for payroll entries. ![]() Keep abreast of the payroll processing system and changes in wage and tax laws, and correspond with federal, state, and local tax agencies on behalf of family office clients.Help drive high client satisfaction through excellent customer service, prompt follow-up, seamless vendor management and proactive problem-solving.Exercise high degree of confidentiality relative to all payroll information and employee privacy initiatives.Research and promptly resolve employee/client/system issues, requests and inquiries.Work closely with the Family Office HR team to obtain payroll data including salary adjustments, special payments, tax allocations and employee deductions.Audit, calculate and process one-time and recurring payroll data such as bonus, reimbursements, vacation time, insurance, 401(k) deductions and other supplemental wages.Review and calculate daily and weekly hours from submitted timesheets.Fulfills process of obtaining information for payroll verifies hours, responds to questions and resolves problems.Process full cycle weekly, bi-weekly and semi-monthly payroll for 50 - 75 employees for a wide variety of entities.This role is accountable and responsible for all aspects of payroll from start to finish for assigned family office clients. The Payroll Specialist is a critical member of the Family Office Team, which delivers centralized accounting, payroll and human resources services to family office clients. ICONIQ Capital is dedicated to improving the world by channeling ideas, talent, and capital to initiatives that advance society. Differentiated by an exceptional ecosystem of entrepreneurs backing entrepreneurs, our investment platform drives transformation at the intersection of technology and traditional industries. We create investment opportunities and strategies for our clients to manage their lives, philanthropy, and legacy. This is also why asset classes like VC and Growth are systemically slightly lower paying (they invest in smaller companies).ICONIQ Capital is a privately held investment firm that advises and invests on behalf of select families and organizations. The bigger your fund, the more management fees you can get and the bigger the deals you can do. This is a great chart from GoBuyside that shows how your fund size really does impact how much you’re able to make. This amount will balloon when you get promoted. This is more anecdotal, but each year, you can expect between a $25k to $50k raise. They also have a reputation of being pretty intense, but hey, this is private equity we’re talking about.Īnnual Raise: The Private Equity Associate program typically lasts 2-3 years. They have an enormous fund and have an incredible track record of success. At fund sizes greater than $5B, the all-in compensation is on average $315k.Īpollo Global Management: Apollo Global Management is frequently reputed to be the highest-paying firm on the street in terms of all-in compensation, paying their Associates upwards of $400k per year. As a separate data point, the chart below from GoBuyside compiles survey data they received. I think this bonus % is a little bit on the conservative side and I would say an appropriate range is $300k to $350k all-in compensation as an Associate. The bonus is a lump sum cash payment that is paid annually.Īll-In Comp: When you combine the base salary and the bonus, you get your all-in compensation. This depends a lot on the fund performance, group performance, and your own performance. ![]() Congratulations, you’ve almost already cleared what an Investment Banking Analyst makes!īonus: The bonus is a lot harder to standardize, but from my personal experience and that of my peers, the bonus range is typically around 150% of the base salary. This is what goes into your bi-weekly paycheck. ![]() Base Salary: Most top Private Equity Associates are going to make between $120k and $140k for their base salary.
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