Payroll and Benefits Manager

Job Title: Payroll and Benefits Manager
Location: Cambridge, MA (fully onsite)
Salary: $90,000 – $115,000

Why This Opportunity Stands Out

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• Lead payroll and benefits operations for a growing banking organization with ~150 employees
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• Step into a high-impact leadership role reporting directly to the Senior VP of HR
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• Own and improve payroll, benefits, and compliance processes — real influence on operations
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• Partner cross-functionally with Finance and HR leadership on budgeting and reporting
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• Manage and mentor staff while helping build scalable systems and efficiencies
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• Opportunity to drive process improvement, reporting enhancements, and compliance strategy
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• Stable, reputable banking environment in the Cambridge market
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• Highly visible role with strong executive exposure
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Key Responsibilities for the Payroll & Benefits Manager

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• Oversee and manage full-cycle payroll processing for approximately 150 employees
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• Supervise and develop payroll/HR staff, ensuring accuracy, timeliness, and compliance
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• Lead monthly variance reporting, payroll reconciliations, and analysis
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• Partner with Finance to support budgeting, forecasting, and compensation planning
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• Oversee payroll tax filings, compliance, and audits
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• Manage and administer employee benefits programs, including open enrollment
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• Ensure compliance with all applicable laws, including FMLA, PFMLA, and leave policies
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• Review and approve bonuses, commissions, and incentive compensation payments
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• Drive process improvements and enhancements across payroll and benefits functions
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• Serve as a key liaison between HR, Finance, and external vendors (e.g., ADP)
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Qualifications for the Payroll & Benefits Manager

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• 3+ years of progressive HR/payroll experience
  
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  • Hands-on experience with payroll, payroll taxes, compensation, and benefits
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  • Exposure to open enrollment and benefits administration required
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• Strong knowledge of leave management, including FMLA, unpaid leaves, and PFMLA
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• MUST HAVE prior supervisory or management experience
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• MUST HAVE strong communication skills with the ability to partner across departments
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• Experience with payroll systems such as ADP Workforce Now strongly preferred
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• Proven ability to manage reporting, compliance, and process improvements
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