Benefits and Payroll Administrator - Venture Capital Firm : Job Details

Our client, a leading venture capital firm with offices globally, is looking for a national Benefits and Payroll Administrator will be responsible for overseeing and managing all aspects of employee benefits and payroll administration. This role requires a detail-oriented professional with strong analytical skills and a deep understanding of benefits administration and payroll processes. The successful candidate will work closely with our HR team and external partners to ensure compliance, accuracy, and efficiency in benefits and payroll operations.

Position: Benefits and Payroll Administrator

Location: New York, NY or Boston, MA (hybrid)

Compensation: $110-140K range DOE + bonus eligible and excellent benefits

Degree: Required

Responsibilities:

Benefits Administration:

- Administer and manage employee benefits programs, including health, dental, vision, retirement plans, and other employee perks.

- Coordinate open enrollment periods and communicate benefits options to employees.

- Serve as the primary point of contact for employees regarding benefits inquiries, claims, and issues.

- Ensure compliance with federal, state, and local regulations related to benefits.

- Work with benefits providers and brokers to negotiate plans and resolve issues.

- Conduct regular audits of benefits plans and programs to ensure accuracy and effectiveness.

Payroll Administration:

- Oversee and manage the bi-weekly payroll process, including accurate and timely processing of payroll for all employees.

- Ensure compliance with federal, state, and local payroll regulations and tax requirements.

- Handle payroll discrepancies and resolve issues promptly.

- Maintain and update payroll records and documentation.

- Prepare and distribute payroll reports and summaries as required.

- Manage the integration of payroll systems with other HR and accounting systems.

Compliance and Reporting:

- Ensure compliance with applicable labor laws, wage and hour regulations, and tax laws.

- Prepare and submit required reports and filings related to benefits and payroll.

- Stay updated on changes in regulations and adjust processes as needed.

- Maintain accurate and up-to-date records for audits and reporting purposes.

Collaboration and Communication:

- Collaborate with HR and finance teams to develop and implement best practices in benefits and payroll administration.

- Provide guidance and support to employees on benefits and payroll-related matters.

- Assist in the development of policies and procedures related to benefits and payroll.

Qualifications:

- Bachelor's degree in Human Resources, Business Administration, Finance, or a related field.

- Proven experience (5+ years) in benefits and payroll administration, preferably in a national or multi-state environment.

- In-depth knowledge of federal, state, and local regulations related to benefits and payroll.

- Strong proficiency in payroll software and systems (e.g., ADP, Paycor, Paychex).

- Excellent organizational skills and attention to detail.

- Strong analytical and problem-solving abilities.

- Exceptional communication and interpersonal skills.

- Ability to maintain confidentiality and handle sensitive information with discretion.