What are the responsibilities and job description for the Sr. Payroll Specialist position at Ocular Therapeutix, Inc.?
Ocular Therapeutix, Inc. (NASDAQ:OCUL) is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye using its proprietary bioresorbable hydrogel-based formulation technology, ELUTYX™. Ocular Therapeutix has built a robust product pipeline of drug delivery solutions developed to reduce the complexity and burden of the current standard of care and position itself to become a leader in the ophthalmic space.
Outside of the ophthalmic realm and behind the doors of our headquarters in Bedford, MA, we strive to build a strong culture where employees can flourish and achieve their career goals. We encourage out of the box thinking, cross-functional collaboration, and creativity.
Position Summary
The Payroll Specialist is responsible for the accurate and timely processing of multi-state payroll for approximately 320 employees. This role supports all aspects of payroll operations including salary, hourly, bonus, and equity-related compensation. The ideal candidate has strong attention to detail, a solid understanding of payroll compliance, and the ability to partner cross-functionally with HR, Finance, and external vendors to ensure accurate payroll processing and reporting.
Principal Duties And Responsibilities Include The Following
Ocular Therapeutix is an Equal Opportunity Employer and complies with all applicable federal, state, and local laws regarding nondiscrimination. Ocular Therapeutix provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, or status as a veteran. For information on how Ocular Therapeutix collects, stores, and utilizes candidate information please see our privacy policy found at https://www.ocutx.com/privacy-policy/. For the Privacy Notice for California Job Applicants, please see CCPA Applicant Notice.
Outside of the ophthalmic realm and behind the doors of our headquarters in Bedford, MA, we strive to build a strong culture where employees can flourish and achieve their career goals. We encourage out of the box thinking, cross-functional collaboration, and creativity.
Position Summary
The Payroll Specialist is responsible for the accurate and timely processing of multi-state payroll for approximately 320 employees. This role supports all aspects of payroll operations including salary, hourly, bonus, and equity-related compensation. The ideal candidate has strong attention to detail, a solid understanding of payroll compliance, and the ability to partner cross-functionally with HR, Finance, and external vendors to ensure accurate payroll processing and reporting.
Principal Duties And Responsibilities Include The Following
- Process and review semi-monthly (salary) and bi-weekly (hourly) multi-state payrolls for approximately 320 employees using payroll system (ex: ADP workforce now);
- Coordinate and process special payments (e.g. bonuses, equity, LOA);
- Coordinate and review monthly/quarterly reporting to governmental agencies (federal and states) as required by law;
- Support payroll processing related to equity compensation including stock awards, option exercises, and employee stock purchase plan (ESPP) transactions.
- Collaborate with HR to ensure the smooth execution of onboarding, offboarding and overall maintenance of employee compensation and initiate PTO
- Support payroll audits and internal controls by maintaining accurate documentation and reconciliation of payroll transactions.
- Administer the process of adding new employees, making changes to the master data for existing employees, and terminating employees in our payroll system (ADP);
- Generate and analyze payroll reports using ADP Workforce Now to support Finance, HR, and audit requirements.
- Ensure compliance with federal, state, and local payroll regulations including wage and hour laws, tax reporting, and payroll recordkeeping.
- Assist in researching payroll issues, accruals and account reconciliations.
- Assist with aspects around stock-based compensation, incl. our employee stock purchase plan.
- 5-7 years of payroll processing experience
- Experience processing multi-state payroll in high growth environments.
- Proficiency with ADP Workforce Now (Preferred)
- Excellent attention to detail
- Understanding of equity compensation payroll taxation (RSUs, ESPP, stock options) preferred
- Exceptional mathematical and calculation skills
- Strong verbal and written communication skills
- Strong Microsoft Excell Skills (ex: Vlookup, SumIF’s and Pivots)
- Ability to partner with multi-disciplinary teams
- Knowledge of payroll, garnishments and benefits distribution
- Multitasking abilities
- Good research and analysis skills
Ocular Therapeutix is an Equal Opportunity Employer and complies with all applicable federal, state, and local laws regarding nondiscrimination. Ocular Therapeutix provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, or status as a veteran. For information on how Ocular Therapeutix collects, stores, and utilizes candidate information please see our privacy policy found at https://www.ocutx.com/privacy-policy/. For the Privacy Notice for California Job Applicants, please see CCPA Applicant Notice.
Salary : $90,000 - $105,000