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Full-Time

Payroll Operations Coordinator

Posted on 9/20/2024

Vestwell

Vestwell

201-500 employees

Digital platform for modern retirement plans

Fintech
Financial Services

Compensation Overview

$50k - $55kAnnually

Entry

King of Prussia, PA, USA + 3 more

More locations: Austin, TX, USA | New York, NY, USA | Phoenix, AZ, USA

Remote-hybrid office policy; employees are welcome at the office in midtown Manhattan.

Category
Payroll Accounting
Accounting
Requirements
  • Excel proficiency
  • Comfort working in a start-up environment with a substantial degree of autonomy and flexibility
  • Analytical and detail-oriented aptitude; a high degree of accuracy is required
  • Ability to manage time effectively, set priorities, and meet deadlines
  • Excellent verbal and written communication skills
Responsibilities
  • Maintain existing knowledge bases and update accordingly
  • Assist Operations Associates and Senior Operations leaders Identify and resolve discrepancies in payroll, deferrals, eligibility, and other related activities, to ensure our data is consistent and accurate.
  • Help with the auditing of recordkeeping operations and plan administration components.
  • Timely completion of assigned tickets and team projects.
  • Meet SLAs and productivity goals.
  • Escalating and assisting in investigating and reconciling discrepancies in data and remediating accordingly.
  • Strong written communication, critical thinking and organizational skills

Vestwell modernizes retirement plans for businesses and their employees through a digital platform that simplifies plan management. Employers benefit from fast onboarding, vendor oversight, and fiduciary investment management services, which reduce administrative burdens and liability. Employees can customize their investment options and easily monitor their plans using a user-friendly interface. Vestwell's integrated approach offers transparent pricing and aims to transform the retirement planning process by leveraging technology.

Company Stage

Series D

Total Funding

$289.9M

Headquarters

New York City, New York

Founded

2016

Growth & Insights
Headcount

6 month growth

11%

1 year growth

30%

2 year growth

70%
Simplify Jobs

Simplify's Take

What believers are saying

  • The recent $125 million Series D funding round, led by Lightspeed, provides significant capital for expansion and innovation.
  • Vestwell's collaboration with Netchex and Alera Group demonstrates its ability to form strategic partnerships that can drive growth and market penetration.
  • The platform's user-friendly interface and customizable investment options make it attractive to a wide range of clients, from small businesses to large enterprises.

What critics are saying

  • The competitive landscape in fintech and retirement planning is intense, with numerous players vying for market share.
  • Regulatory changes in the financial services industry could impact Vestwell's operations and require costly adjustments.

What makes Vestwell unique

  • Vestwell's focus on modernizing retirement plans through a comprehensive digital platform sets it apart from traditional financial service providers.
  • The company's integrated approach, offering everything from onboarding to compliance under one roof, simplifies the retirement planning process for both employers and employees.
  • Partnerships with companies like Netchex and Alera Group enhance Vestwell's reach and credibility in the market.
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