Full-Time

Payroll Manager

Confirmed live in the last 24 hours

ParetoHealth

ParetoHealth

51-200 employees

Self-insured employee health benefits solutions

Consulting
Healthcare

Senior

Boston, MA, USA + 1 more

More locations: Philadelphia, PA, USA

Role can be based in Philadelphia or Boston area.

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 employee health benefits solutions for small and medium-sized businesses through a self-insured model, allowing companies to directly cover health claims instead of paying insurance premiums. Their main product is the "benefits captive" program, where multiple companies share the financial risks of health claims, helping to manage costs effectively. They utilize data-driven intelligence to monitor health plan usage and ensure employees receive appropriate care at competitive prices. The goal is to provide a comprehensive solution for health benefits while fostering a culture of diversity, equity, and inclusion.

Company Stage

Growth Equity (Venture Capital)

Total Funding

$522.1K

Headquarters

Philadelphia, Pennsylvania

Founded

2011

Growth & Insights
Headcount

6 month growth

2%

1 year growth

2%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Significant investment from Warburg Pincus and Great Hill Partners positions ParetoHealth for accelerated growth and market expansion.
  • The appointment of experienced leaders like Christine Lui Chen and Maeve O'Meara indicates strong leadership and strategic direction.
  • Achieving a milestone of 2,000 employers in their captive program demonstrates robust market acceptance and scalability.

What critics are saying

  • The complexity of managing a self-insured model and benefits captive program may pose operational challenges and require continuous innovation.
  • Dependence on the success of their data-driven intelligence system to manage claims costs could be a vulnerability if the system fails or underperforms.

What makes ParetoHealth unique

  • ParetoHealth's self-insured model and benefits captive program offer SMEs a unique way to manage and mitigate health benefit costs, unlike traditional insurance models.
  • Their data-driven intelligence system proactively manages claims costs, ensuring high-quality care at the best possible price, setting them apart from competitors.
  • ParetoHealth's commitment to DEI fosters a diverse and inclusive workforce, driving innovation and excellence in their services.

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