Full-Time

Director of Payroll

Posted on 10/8/2024

solidcore

solidcore

1,001-5,000 employees

High-intensity, low-impact resistance training classes

Healthcare
Consumer Goods

Senior

Arlington, VA, USA

Hybrid position requiring in-office presence.

Category
Payroll Accounting
Accounting
Required Skills
Data Analysis
Requirements
  • 8+ years of payroll experience with a high-growth lifestyle or consumer brand
  • 3-5 years of direct people management experience
  • Experience managing payroll for a multi-state, multi-EIN company
  • Expert communication skills, both written and verbal
  • Proficient with large sets of data and data tools (e.g., Alteryx and Excel)
  • Strong knowledge of accounting software, with experience working closely with accounting and finance teams
  • Ability to interpret and implement company policies and procedures
  • Ability to collaborate cross-functionally with People (HR) and Operations
  • Ability to work under pressure – someone who thrives in a fast-paced, hyper-growth environment
Responsibilities
  • Report to the Vice President of Accounting & Controller.
  • Oversee bimonthly payroll processing and ensure accurate payment for all employees across all pay types including: hourly, salaried, bonus, variable pay, etc.
  • Manage the payroll team and facilitate training and development.
  • Ensure compliance with applicable federal, multi-state and local payroll laws, regulations, and taxes.
  • Receive, organize, and respond to all payroll related notices.
  • Supervise the timely response to all employee inquiries.
  • Represent the payroll department during biweekly and monthly business reviews.
  • Take ownership of payroll-related journal entries, monthly reconciliations, and ensure accurate general ledger reporting.
  • Take ownership of all payroll audit requests, both financial statements and 401(k).
  • Lead the migration and implementation of a new payroll system, ensuring a smooth and timely transition.
  • Identify opportunities for automation and process improvements within payroll and tax reporting to reduce manual errors and inefficiencies.

Solidcore provides high-intensity, low-impact resistance training workouts through 50-minute classes that focus on slow movements to engage core muscles safely. The company caters to a diverse clientele, offering both in-studio and online classes, as well as memberships and corporate packages. Solidcore differentiates itself by emphasizing specialized workouts that minimize injury risk while maximizing effectiveness. The goal is to make fitness accessible and promote health and wellness in a growing market.

Company Stage

Acquired

Total Funding

$6.5M

Headquarters

Washington, District of Columbia

Founded

2013

Growth & Insights
Headcount

6 month growth

130%

1 year growth

130%

2 year growth

141%
Simplify Jobs

Simplify's Take

What believers are saying

  • Solidcore's expansion includes opening its 100th studio, with plans for global growth.
  • The subscription model aligns with industry trends, offering predictable revenue streams.
  • Strategic investments from firms like Kohlberg & Company support Solidcore's market expansion.

What critics are saying

  • Increased competition from boutique fitness studios may dilute Solidcore's market share.
  • Economic downturns could impact discretionary spending on premium fitness memberships.
  • The rise of at-home fitness solutions may attract potential Solidcore clients.

What makes solidcore unique

  • Solidcore offers high-intensity, low-impact workouts on custom-built reformers.
  • The company provides a unique 'Fail With Us' campaign to embrace growth through challenges.
  • Solidcore's hybrid model combines in-studio and online classes for flexible fitness solutions.

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