Job Title: Payroll and Benefits Manager
Location: Cambridge, MA (fully onsite)
Salary: $90,000 – $115,000
Why This Opportunity Stands Out
- Lead payroll and benefits operations for a growing banking organization with ~150 employees
- Step into a high-impact leadership role reporting directly to the Senior VP of HR
- Own and improve payroll, benefits, and compliance processes — real influence on operations
- Partner cross-functionally with Finance and HR leadership on budgeting and reporting
- Manage and mentor staff while helping build scalable systems and efficiencies
- Opportunity to drive process improvement, reporting enhancements, and compliance strategy
- Stable, reputable banking environment in the Cambridge market
- Highly visible role with strong executive exposure
Key Responsibilities for the Payroll & Benefits Manager
- Oversee and manage full-cycle payroll processing for approximately 150 employees
- Supervise and develop payroll/HR staff, ensuring accuracy, timeliness, and compliance
- Lead monthly variance reporting, payroll reconciliations, and analysis
- Partner with Finance to support budgeting, forecasting, and compensation planning
- Oversee payroll tax filings, compliance, and audits
- Manage and administer employee benefits programs, including open enrollment
- Ensure compliance with all applicable laws, including FMLA, PFMLA, and leave policies
- Review and approve bonuses, commissions, and incentive compensation payments
- Drive process improvements and enhancements across payroll and benefits functions
- Serve as a key liaison between HR, Finance, and external vendors (e.g., ADP)
Qualifications for the Payroll & Benefits Manager
- 3+ years of progressive HR/payroll experience
- Hands-on experience with payroll, payroll taxes, compensation, and benefits
- Exposure to open enrollment and benefits administration required
- Strong knowledge of leave management, including FMLA, unpaid leaves, and PFMLA
- MUST HAVE prior supervisory or management experience
- MUST HAVE strong communication skills with the ability to partner across departments
- Experience with payroll systems such as ADP Workforce Now strongly preferred
- Proven ability to manage reporting, compliance, and process improvements
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