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Payroll Specialist - Burlington, United States - Fractyl Health, Inc.
Description
Reports to:
Sr. Accounting Manager
Position Summary
We are seeking a detail-oriented and experienced Payroll Specialist to join our team.
The Payroll Specialist will be responsible for accurately processing payroll for our employees, ensuring compliance with all relevant regulations and policies.
The ideal candidate will have a strong understanding of payroll procedures, excellent mathematical skills, and the ability to maintain confidentiality.
Primary ResponsibilitiesProcess payroll bi-weekly for US employees accurately and on time, utilizing payroll software and systems.
Calculate pro-rated wages and deductions, ensuring accuracy and compliance with federal, state, and local regulations, as well as company policies.
Collaborate closely with HR department to reconcile payroll changes such as new hires, termination and salary changes.
Coordinate with employees, insurance company and HR on proper processing of payroll during LOA ("Leave of Absence").
Work with external payroll service providers to process payroll globally and provide data to assist local filings as needed.
Prepare journal entries to record payroll, tax and benefits and prepare monthly payroll-related accrual journal entries.
Prepare and distribute payroll and headcount reports to management and other stakeholders to facilitate internal and external business and financial reporting.
Ensure compliance with federal, state, and local payroll tax regulations, including withholding requirements, filing deadlines, and reporting obligations.
Ensure timely and accurate payroll related filings, including quarterly and annual reports such as W-2 forms.
Stay informed about changes in payroll laws and regulations and update payroll processes and procedures accordingly.
Identify opportunities to streamline payroll processes, improve efficiency, and reduce errors.
Work collaboratively with cross-functional teams, including HR and finance, to implement process improvements and best practices.
Perform all activities in compliance with applicable regulations, Fractyl's policies and guidelines, including, but not limited to, timely documentation of activities and maintaining all required applicable training.
Education or Certification Requirements
Bachelor's degree in Accounting, Finance, Business Administration, or related field preferred.
Payroll related professional certification preferred.
Professional Work Experience
Minimum of 2-3 years of experience in payroll processing
Hands on working experience with payroll software and systems required.
Qualifications and Experience
Proficiency with ADP Workforce Now and Microsoft Excel a plus.
Strong understanding of payroll regulations, tax laws, and compliance requirements
Strong financial acumen and analytical agility
Ability to maintain confidentiality and handle sensitive information with discretion
Other Essentials and Key Success Factors
Successful track record of working in high-growth and dynamic organizations
Highly organized and detail oriented with a passion to deliver quality results
Demonstrated record of intellectual curiosity, innovation and creative problem solving with an entrepreneurial spirit
Ability to lead fast-paced projects with a keen sense of urgency to get the job done well
Evidence of "hands-on" experience and expertise
Excellent verbal and written communication skills, with experience translating technical concepts into user-friendly documentation
Highest levels of professionalism, confidence, personal values and ethical standards
Travel
Travel is not required for this position at this time.
The description and requirements outlined above are general; additional requirements may apply.
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