Full-Time

Senior Payroll Specialist

Posted on 7/25/2024

Redwood Materials

Redwood Materials

501-1,000 employees

Recycles batteries for domestic material supply

Industrial & Manufacturing
Energy

Mid

Carson City, NV, USA

Category
Payroll Accounting
Accounting
Requirements
  • 2+ years working on payroll accounts and proven experience as a payroll specialist.
  • Deep understanding of hourly and non-exempt payroll complexities, including timecards, shift differentials, overtime, leaves, etc.
  • Knowledge of legislation and regulations of the payroll field.
  • Experience with sales/use tax rules is a big plus but not mandatory.
  • Proficient in MS Office and Workday.
  • Trustworthy with attention to confidentiality.
  • Outstanding organizational ability with great attention to detail.
  • Excellent communication skills.
  • BA/BS in business, accounting or relevant field is mandatory (or equivalent years of experience).
  • A passion for sustainability and making the world a better place!
Responsibilities
  • Processing bi-weekly payroll using our payroll software. This includes wages for hours worked from our timeclock, reimbursements, bonuses and holiday pay consistent with federal and state wage and hour laws.
  • Updating employees’ profiles using our payroll software to accurately reflect deductions for medical/dental/vision insurance plans and 401k.
  • Uploading data to our 401k provider on a bi-weekly basis.
  • Addressing questions regarding payroll from employees and superiors.
  • Administering voucher invoices accurately and ensure vendors get paid within terms.
  • Communicating with vendors and colleagues to resolve invoice issues.

Redwood Materials focuses on battery recycling and the supply chain for lithium-ion batteries. The company recycles used batteries to produce domestic sources of anode and cathode materials, which are essential components in battery production. This process not only reduces costs but also addresses sustainability concerns by minimizing the need for overseas procurement of critical metals. Unlike many competitors, Redwood Materials aims to create a closed-loop supply chain within North America, significantly cutting down the distance materials travel and the associated environmental impact. The goal of Redwood Materials is to support the growing demand for lithium-ion batteries, projected to increase by over 500% by 2030, while promoting a more sustainable and efficient battery production process.

Company Stage

Series D

Total Funding

$1.7B

Headquarters

Carson City, Nevada

Founded

2017

Growth & Insights
Headcount

6 month growth

0%

1 year growth

2%

2 year growth

4%
Simplify Jobs

Simplify's Take

What believers are saying

  • Growing EV adoption in the U.S. boosts demand for Redwood's recycling services.
  • U.S. Department of Energy funding supports Redwood's expansion plans.
  • Advancements in recycling technology improve Redwood's operational efficiency and cost-effectiveness.

What critics are saying

  • Over-reliance on partnerships with major automakers could pose financial risks.
  • Departure of key executives may disrupt financial strategy and management.
  • Rapid expansion may strain resources and lead to operational challenges.

What makes Redwood Materials unique

  • Redwood Materials creates a circular supply chain for lithium-ion battery production.
  • The company offers domestic anode and cathode materials from recycled batteries.
  • Redwood's partnerships with major automakers enhance its market position and credibility.

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