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Full-Time

Payroll & Benefits Accountant

Posted on 7/18/2024

PatSnap

PatSnap

501-1,000 employees

Intellectual property and innovation intelligence platform

Food & Agriculture
Data & Analytics
Automotive & Transportation
Consulting
Hardware
Industrial & Manufacturing
Energy
Enterprise Software
AI & Machine Learning
Biotechnology
Education
Healthcare
Legal
Consumer Goods

Mid, Senior

London, UK

Category
Payroll Accounting
Accounting
Requirements
  • 3-5 years of combined experiences with both Payroll and Accounting
  • Bachelor’s degree in Accounting, Finance, Economics, or Administration
  • Previous working knowledge of ADP Workforce Now, ADP Celergo, Concur, Bamboo, and Trinet
  • First-hand experience running and processing payroll in the UK, Canada, and US a plus
  • Payroll certifications are a plus
Responsibilities
  • Manage the preparation of payroll for the UK; experience with Canada and US payroll a plus
  • Develop, implement, and administer payroll policies, procedures, and internal controls
  • Understand payroll reporting and regulatory requirements
  • Design and maintain programs and reports for HR and Finance needs
  • Provide payroll support by answering questions and requests from employees
  • Review final payroll reports, general ledger journal entries, payroll bank wire transfers, direct deposits, and taxes
  • Collaborate with other departments for system changes
  • Maintain payroll information by collecting, calculating, and entering data
  • Run monthly payroll reports and other analyses as needed
  • Verify payroll information from Human Resources
  • Coordinate payroll audits performed by external parties
  • Process payments for specific tax and insurance agencies
  • Contribute to month-end close process; prepare journal entries, perform reconciliations, and key reports
  • Reconcile payroll general ledger accounts, year-end tax reconciliation, and final year-end tax form approvals
  • Work with outside vendors to keep records/systems in sync
  • Process withholding tax adjustments with outside vendors
  • Assist the VP of Finance with equity administration and reporting
  • Manage Concur Expense System and Expense Reporting

PatSnap provides tools and resources for businesses, inventors, and researchers to navigate patents and innovation. Its main product is an innovation intelligence platform that collects and analyzes data from patents, scientific literature, and market reports. This platform helps clients make informed decisions regarding their research and development investments and innovation strategies. PatSnap serves a wide range of clients, including large corporations, SMEs, academic institutions, and individual inventors across various industries. Unlike its competitors, PatSnap operates on a subscription-based model, offering different service tiers based on data and analytical needs. Additionally, it provides educational courses through its Innovation Academy to help clients understand IP strategy and market insights. The goal of PatSnap is to empower clients to leverage innovation data for business growth and competitive advantage.

Company Stage

Series D

Total Funding

$51.6M

Headquarters

Singapore, Singapore

Founded

2007

Growth & Insights
Headcount

6 month growth

4%

1 year growth

6%

2 year growth

0%
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Simplify's Take

What believers are saying

  • PatSnap's recent $100 million milestone and $351.6 million in total funding highlight strong financial backing and growth potential.
  • The launch of AI-powered tools like CoPilot and partnerships with companies like BizInt Smart Charts demonstrate PatSnap's commitment to technological innovation.
  • Rapid expansion in the Japanese market, with over 150 corporate clients and 100% growth over the past two years, indicates strong international growth prospects.

What critics are saying

  • The complexity of integrating vast amounts of data from diverse sources could pose challenges in maintaining data accuracy and relevance.
  • Dependence on subscription-based revenue means that economic downturns or budget cuts in client companies could impact financial stability.

What makes PatSnap unique

  • PatSnap's innovation intelligence platform uniquely aggregates data from patents, scientific literature, and market reports, providing a comprehensive view of the innovation landscape.
  • The company's focus on AI and machine learning to analyze IP data sets it apart from traditional IP management tools.
  • PatSnap's Innovation Academy offers specialized courses and training programs, adding an educational dimension that competitors often lack.
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