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Thatch

Offers tax-free health budgets for employees

Operations Specialist - Payroll Reconciliation

Payroll AccountingConfirmed live in the last 24 hours
Full-timeAustin, TX, USA$91k - $120kIn-person

About the Job

Requirements

  • Four to seven years of experience in operations, financial or payroll reconciliation, or management consulting, with a track record of independently solving complex, ambiguous problems.
  • Strong analytical skills and comfort working directly with financial and payroll data to identify discrepancies and root causes.
  • Demonstrated success designing or improving reconciliation, audit, or financial-control processes.
  • Strong judgment to make sound decisions on ambiguous or high-stakes cases without heavy oversight.
  • Experience partnering with Engineering to translate operational pain points into tooling or automation requirements.
  • A bachelor's degree is required.
  • Ability and willingness to work onsite in the Austin, Texas office.

Responsibilities

  • Own the payroll deduction reconciliation queue by reviewing new and updated deductions before each payroll run and approving or escalating flagged discrepancies with clear reasoning.
  • Trace reconciliation errors to root cause across enrollment, premium, and payroll connection data, and drive upstream fixes rather than patching individual cases.
  • Partner with Engineering to scope and prioritize automation opportunities, including auto-approval rules, tooling, and monitoring that reduce manual review over time.
  • Manage escalations from payroll connection failures and invoice review queues, routing issues to the appropriate stakeholder.
  • Build and maintain standard operating procedures and audit trails so reconciliation logic and decisions are transparent and repeatable across the team.
  • Report on reconciliation accuracy and queue health, surfacing trends and risk areas to Operations and Finance leadership.

Desired Qualifications

  • An MBA or other advanced degree.
  • A background in management consulting, such as strategy or operations consulting, before moving into an Operations role.
  • Experience with payroll, benefits, or fintech reconciliation systems.
  • Comfort writing SQL queries or working directly with engineers to scope automation requirements.
  • Prior experience in a high-growth startup environment.

About the Company

Thatch

Offers tax-free health budgets for employees

Thatch helps employers replace one-size-fits-all group health plans with tax-free health budgets (via ICHRA/CHOICE), letting employees buy their own individual insurance and eligible care that fits their lives. It works by integrating with payroll and HR platforms (Gusto, Justworks, Paychex, ADP RUN) and offering Thatch Market, a space to spend leftover budget dollars on wellness and care services (like mental health and diagnostics). It differentiates itself by focusing on employer-funded, customizable health budgets instead of traditional group plans and by connecting deeply with payroll systems and carrier partners to streamline enrollment and spending. Thatch’s goal is to scale adoption of these personalized, tax-advantaged health budgets across more employers, expanding partnerships and tools to help members access the care they need.

Company size
51-200
Company stage
Series C
Total funding
$192M
Headquarters
San Francisco, CA
Founded
2021

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