Full-Time

Head of Payroll

Posted on 11/20/2024

Forbes

Forbes

10,001+ employees

Media company providing business news and analysis

Consulting
Entertainment

Compensation Overview

$140k - $160kAnnually

Senior

New York, NY, USA

Hybrid position requiring in-office work at Forbes Jersey City Office as business needs require.

Category
Payroll Accounting
Accounting
Required Skills
Data Analysis
Requirements
  • Bachelor’s Degree in Finance, Business Administration, or related field.
  • Minimum 15 years relevant work experience with at least 5 years managing payroll staff supporting a workforce population of 500+ employees.
  • Must have advanced Excel skills, including working knowledge of V-lookups and Pivot tables.
  • Experience leading payroll operations for a remote US Workforce.
  • Experience managing payroll partner company for the UK and Asia payrolls.
  • Expertise in payroll process and procedures for a union population; and ensuring company obligations are met for a collective bargaining agreement.
  • Proficiency in ADP is a must, as well as managing payroll professionals who are responsible for data entry into our HRIS system.
  • Previous experience and/or negotiation in the RFP/selection process for payroll systems a plus.
  • Ability to communicate clearly and concisely in oral and written communications.
  • A critical thinker that raises vital questions, anticipate problems, and gathers relevant information for resolution.
  • Excellent interpersonal and customer service skills (e.g., flexible in collaborations, consensus negotiations and relationship management) with internal stakeholders and employees alike.
  • Excellent time management (e.g., meeting deadlines and resource management) and analytical skills (e.g., analyze and assimilate data).
  • Strong attention to detail is a must with the ability to see the big picture and how the details affect the Company.
  • Continuous learner who stays informed on payroll related laws, regulations, and best practices.
Responsibilities
  • Oversee the daily workflow of the payroll department including processing, compliance, and management.
  • Assess current operations and identify areas of opportunity to incorporate automation or additional efficiencies within processes.
  • Maintain and review payroll processing systems to ensure accurate and timely processing of all payroll related transactions.
  • Perform audits of source data within ADP payroll system for quality assurance.
  • Stay abreast of all federal, state, and local payroll and tax laws and ensure compliance for payroll & tax in all locations in which we work including state tax reporting, state specific deductions (and when those deductions should be taken), etc.
  • Establish processes for the Payroll department that will comply with union collective bargaining agreements.
  • Revamp internal control environment and process documentation leveraging use of FloQast software.
  • Oversee payroll audits and support financial statements and employee benefit plan audit requests with third parties.
  • Assisting with year-end payroll activities, including W-2 processing and tax reporting.
  • Be the senior point of contact for all payroll related inquiries from the workforce and third parties.
  • Develop and coach the payroll team while creating a positive and collaborative work environment.
  • Create collaborative relationships with various stakeholders in Human Resources, Finance, Legal and Management.
  • Ensure payroll forecast file is updated timely within Workday Adaptive Planning to enable accurate Company-wide forecasting.

Forbes provides news, analysis, and information on topics like business, investing, technology, entrepreneurship, leadership, and lifestyle. It serves business professionals, investors, entrepreneurs, and affluent consumers who need reliable information for decision-making. Forbes uses both print and digital platforms to reach its audience. The company generates revenue through advertising, subscriptions for premium content, and sponsored articles, known as "BrandVoice." Additionally, Forbes hosts events and conferences, such as Forbes Live, which also contribute to its income. The goal of Forbes is to deliver valuable insights and information to its audience, helping them navigate the business world.

Company Stage

Acquired

Total Funding

$389.1M

Headquarters

New York City, New York

Founded

1917

Growth & Insights
Headcount

6 month growth

114%

1 year growth

4%

2 year growth

114%
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Simplify's Take

What believers are saying

  • The introduction of the AI search tool 'Adelaide' could significantly enhance user engagement and attract a tech-savvy audience.
  • Forbes' diverse revenue streams, including events and conferences, offer multiple growth opportunities and financial stability.
  • Being part of a globally recognized brand with a century-long history can provide employees with a sense of prestige and numerous networking opportunities.

What critics are saying

  • The media industry is highly competitive, and Forbes must continuously innovate to maintain its market position.
  • Dependence on advertising revenue can be risky, especially during economic downturns when ad budgets are often cut.

What makes Forbes unique

  • Forbes leverages a multifaceted business model that includes advertising, subscriptions, and sponsored content, unlike many competitors who rely heavily on a single revenue stream.
  • The launch of the 'Adelaide' AI search platform powered by Google Cloud sets Forbes apart in the media industry by offering personalized search experiences.
  • Forbes' strong brand recognition and long-standing reputation in business journalism provide a competitive edge over newer, less established media outlets.

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