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Payroll Specialist

Ocular TherapeutixBedford, MA

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Overview

Schedule
Full-time
Career level
Senior-level
Benefits
Paid Vacation

Job Description

Position Summary:

The Payroll Specialist is responsible for the accurate and timely processing of multi-state payroll for approximately 320+ employees. This role supports all aspects of payroll operations including salary, hourly, bonus, and equity-related compensation. The ideal candidate has strong attention to detail, a solid understanding of payroll compliance, and the ability to partner cross-functionally with HR, Finance, and external vendors to ensure accurate payroll processing and reporting.

Principal Duties and Responsibilities include the following:

  • Process and review semi-monthly (salary) and bi-weekly (hourly) multi-state payrolls for approximately 320+ employees using payroll system (ex: ADP workforce now);
  • Coordinate and process special payments (e.g. bonuses, equity, LOA);
  • Coordinate and review monthly/quarterly reporting to governmental agencies (federal and states) as required by law;
  • Support payroll processing related to equity compensation including stock awards, option exercises, and employee stock purchase plan (ESPP) transactions.
  • Collaborate with HR to ensure the smooth execution of onboarding, offboarding and overall maintenance of employee compensation and initiate PTO
  • Support payroll audits and internal controls by maintaining accurate documentation and reconciliation of payroll transactions.
  • Administer the process of adding new employees, making changes to the master data for existing employees, and terminating employees in our payroll system (ADP);
  • Generate and analyze payroll reports using ADP Workforce Now to support Finance, HR, and audit requirements.
  • Ensure compliance with federal, state, and local payroll regulations including wage and hour laws, tax reporting, and payroll recordkeeping.
  • Assist in researching payroll issues, accruals and account reconciliations.
  • Assist with aspects around stock-based compensation, incl. our employee stock purchase plan.

Qualification Requirements:

  • 5-7+ years of payroll processing experience
  • Experience processing multi-state payroll in high growth environments.
  • Proficiency with ADP Workforce Now (Preferred)
  • Excellent attention to detail
  • Understanding of equity compensation payroll taxation (RSUs, ESPP, stock options) preferred
  • Exceptional mathematical and calculation skills
  • Strong verbal and written communication skills
  • Strong Microsoft Excell Skills (ex: Vlookup, SumIF's and Pivots)
  • Ability to partner with multi-disciplinary teams
  • Knowledge of payroll, garnishments and benefits distribution
  • Multitasking abilities
  • Good research and analysis skills

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FAQs About Payroll Specialist Jobs at Ocular Therapeutix

What is the work location for this position at Ocular Therapeutix?
This job at Ocular Therapeutix is located in Bedford, MA, according to the details provided by the employer. Some roles may also include multiple work locations depending on the requirement.
What pay range can candidates expect for this role at Ocular Therapeutix?
Employer has not shared pay details for this role.
What employment applies to this position at Ocular Therapeutix?
Ocular Therapeutix lists this role as a Full-time position.
What experience level is required for this role at Ocular Therapeutix?
Ocular Therapeutix is looking for a candidate with "Senior-level" experience level.
What is the process to apply for this position at Ocular Therapeutix?
You can apply for this role at Ocular Therapeutix either through Sonara's automated application system, which helps you submit applications 10X faster with minimal effort, or by applying manually using the direct link on the job page.