Full-Time

Payroll Manager

Phi/Bos

Confirmed live in the last 24 hours

ParetoHealth

ParetoHealth

51-200 employees

Self-insured employee health benefits solutions

Data & Analytics
Consulting
Healthcare

Senior

Boston, MA, USA + 1 more

More locations: Philadelphia, PA, USA

Role can be based in Philadelphia or Boston.

Category
Payroll Accounting
Accounting
Requirements
  • Bachelor’s degree with at least 5 years of related payroll experience
  • Proficient working knowledge of payroll/employee, wage and labor and tax administration; multi-state experience required.
  • Experience working within the payroll module of ADP WFN or similar system (preferred)
  • Experience implementing new payroll platforms a plus.
  • Familiarity with Human Resources policies and procedures.
  • Continuous improvement mindset, ability to improve processes and procedures as needed
  • Problem solving mentality- seeks to understand and willing to problem solve.
  • Strong understanding of payroll laws, regulations and best practices.
  • High attention to detail and accuracy.
  • Ability to handle confidential information with discretion.
  • Able to work in a fast-paced environment.
  • Ability to solve problems, exercise sound judgement in planning, scheduling, and completing assignments.
  • Ability to communicate effectively with others.
Responsibilities
  • Processing and ensuring the accuracy of multi-state payrolls for over 200 salaried and hourly employees on a semi-monthly basis. May process off cycle payrolls in certain circumstances.
  • Responsible for accurate entry of all payroll transactions, and other deductions/allowances.
  • Ensures accuracy and compliance with federal, state, and local payroll regulations
  • Handles all state and federal tax accounts for the company, including the set-up of new states.
  • Manages internal payroll controls; ensuring proper procedures, policies, and rules are documented and applied to all payroll activities.
  • Manages timely quarterly and annual tax reconciliations as well as W-2 and W-2C issuance must demonstrate a working knowledge of multi-jurisdictional, local and federal employment tax rules and regulations.
  • Assists with special projects, Workers Comp Audit, 401k Audit, as needed
  • Handles payroll-related inquiries and resolves any discrepancies in a timely manner. Generates and reviews payroll reports for accuracy and completeness.
  • Collaborates regularly with People Operations and Finance teams to ensure smooth payroll operations.
  • Processes year-end payroll, including W-2 preparation and accurate reporting.
  • Performs monthly, quarterly, and annual payroll audits, as directed.
  • Performs other duties as required.

ParetoHealth offers a self-insured model for employee health benefits aimed at small and medium-sized businesses. Their main product is a "benefits captive" program, where companies pool resources to share the risk of health claims, helping to manage costs effectively. They utilize data-driven intelligence to monitor health plan utilization and ensure employees receive quality care at competitive prices. The goal is to provide comprehensive and affordable health benefits while promoting diversity, equity, and inclusion in the workplace.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$522.1K

Headquarters

Philadelphia, Pennsylvania

Founded

2011

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Significant investment from Warburg Pincus supports expansion and service enhancement.
  • Achieving 2,000 employers in the captive program shows strong market validation.
  • Strategic sales team expansion targets growth in Western and Southwestern U.S.

What critics are saying

  • Increased competition may erode ParetoHealth's market share in self-insured benefits.
  • Regulatory changes could impact the business model and profitability.
  • Rising healthcare costs may outpace savings from captive programs, affecting client retention.

What makes ParetoHealth unique

  • ParetoHealth offers a unique self-insured model for SMEs to manage health benefits.
  • Their benefits captive program pools resources to mitigate large health claim risks.
  • Data-driven intelligence is used to control claims costs and ensure quality care.

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