Payroll Coordinator, COMPASS Pathways
More information about location
1-5 days a week in office (Soho, London)
Biotech accelerating patient access to evidence-based innovation in mental health
Job no longer available
Biotech accelerating patient access to evidence-based innovation in mental health
201-500 employees
Job no longer available
More information about location
1-5 days a week in office (Soho, London)
201-500 employees
Company mission
To accelerate patient access and experience to evidence-based innovation in mental health care, to achieve a vision of a world of mental wellbeing.
Role
Who you are
- 3-5 years of payroll experience
- Solid knowledge of UK payroll (US multi state payroll a plus)
- Strong attention to detail and reconciliation skills
- Experience with equity/share plan payroll is advantageous
- Comfortable working with controls, audits and sensitive data
- Confident communicator who enjoys working cross functionally
- Excel proficiency; ADP/Celergo and ADP WFN a plus
What the job involves
- Reports to: Sr. Manager, Payroll and Equity Administration
- The Coordinator, Payroll is responsible for delivering accurate and timely payroll processing and payroll-related administration across the UK and US populations at Compass
- This role supports monthly and biweekly payroll input collection, validation and processing, and acts as a key point of coordination between the People Team, Finance, external payroll providers and employees to ensure compliance with payroll legislation and SOX controls
- Manage monthly (UK) and biweekly (US) payroll inputs, validation and provider coordination
- Ensure payroll compliance with legislation, internal controls, and SOX requirements
- Process complex payroll events including leavers, bonuses, and year – end reporting (P45s, P11Ds, W-2s)
- Support equity and share plan payroll activity (ESPP/SIP) including payroll deductions, reconciliations and taxable events
- Respond to employee payroll queries with professionalism and confidentiality
- Maintain strong documentation, reconciliations and audit readiness
- Contribute to payroll system improvements, testing and process enhancements
Salary benchmarks
Our take
There’s been a major movement towards treating mental health issues with psychedelics over the last few years. While the vast majority of this work is still in R&D and clinical trials, the space has become awash with capital investment, with a handful of companies even going public.
COMPASS Pathways is one of those to go public, along with MindMed in 2020. The company is developing methods for treating depression and other mental health issues with psilocybin – the naturally occurring psychedelic chemical found in mushrooms.
The growth of COMPASS from being founded in 2016 to IPO in 2020 has been extraordinary. There have been a few ups and downs since then (as is the case with most PLCs), with each rise and fall dependent on the progress of its trials. However, the fact that the company recently appointed former Otsuka Pharmaceutical executive Kabir Nath as CEO, bolstered by $285 million in private placement VC shows that it's determined to stay ahead of the competition.
Freddie
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 3 rounds)
Apr 2020
$80m
SERIES B
Oct 2018
$25m
SERIES A
Total funding: $109m
Company benefits
- Pension and retirement savings plans
- Flexible working arrangements, including flexible hours, working-from-home and hybrid working
- Community Circles: a regular opportunity for team members to connect, share lived experiences, inspire others, and learn from each other
- Regular virtual and in-person social events, including a London-based hiking group, art and creative workshops, food and drinks evenings, team picnics, and holiday celebrations
- Comprehensive and market-leading health and wellness benefits including company paid healthcare plans
- Confidential counselling or therapy sessions via our Employee Assistance Programme
- Support from our own dedicated Community Wellbeing Lead to guide team members to our resources
- Workplace wellbeing initiatives, including employee-led yoga, meditation, mindfulness, and support groups for parents and carers and for people who are neurodiverse
- Breast-feeding facilities at our London office
- Wellbeing Leadership Forums for Line Managers
- Generous paid time off/annual leave allowance including one company closing per year and your birthday off
- Generous paid parental leave for eligible team members, up to 39 weeks
- Paid family and dependent care leave in addition to parental leave
- Job architecture, providing employees with guidance and clear pathways for developing and progressing their career and twice-yearly promotions cycle
- A process for performance and development goals that is tied to employees receiving feedback throughout the year and assessing individual performance and rewards at the end of the year
- Dedicated internal resources including regular webinars to support employees’ personal development and career goals
- A learning curriculum of courses on offer delivered by external experts to develop specific skill areas
- Dedicated effort for early career team members to learn skills and strategies for advancement
Company HQ
Soho, London, UK
Leadership
Kabir Nath
(CEO)Joined as CEO in 2022, having served as Senior Managing Director of Global Pharmaceutical Business at Japanese company Otsuka. Prior to this, they spent a decade at Bristol Myers Squibb in a number of roles including SVP of Virology, US Pharmaceuticals.
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