Senior Payroll Administrator, Oura
$94-140k
+ Equity. Base salary may vary depending on location
More information about location
Health monitoring smart ring
Be an early applicant
Health monitoring smart ring
501-1000 employees
Be an early applicant
$94-140k
+ Equity. Base salary may vary depending on location
More information about location
501-1000 employees
Company mission
Oura's mission is to make health a daily practice.
Role
Who you are
- The ideal candidate has a strong background in payroll administration, a deep understanding of payroll software and statutory requirements, and a proactive approach to process improvement and problem-solving
- 5+ years multi-state experience in growing companies with a deep understanding of payroll regulations, tax laws, and compliance requirements. Global payroll experience is a big plus
- Extensive experience with large company HRIS/Payroll systems like ADP, UKG, Workday, etc with preference for UKG Pro
- Strong attention to detail, problem-solving abilities, and the capability to clearly communicate complex payroll information to employees and stakeholders, often in confidential or time-sensitive situations
- Ability to align payroll data with accounting systems, including journal entries, reconciliations, and month-end reporting
- Handles sensitive employee data and compensation information with discretion and trustworthiness
- Works effectively with HR, Finance, and external vendors to ensure payroll accuracy and compliance
What the job involves
- We are looking for a detail-oriented and experienced Senior Payroll Administrator to lead and manage payroll operations for our growing workforce
- In this role, you will be responsible for ensuring the accurate and timely processing of payroll, maintaining compliance with tax and labor regulations, assisting in optimizing payroll systems, and supporting cross-functional teams including HR, Accounting, and FP&A
- Payroll Processing and Management
- Oversee multi-state, semi-monthly payroll processing for all employees
- Perform day to day payroll operations including onboarding new hires, merit increases, department changes, terminations, leave of absences, bonuses, commissions, garnishments, and other additional payments accurately and timely
- Validate and reconcile payroll runs and reports for approval before final submission
- Compliance and Regulation
- Ensure payroll practices comply with local, state, and federal laws
- Stay up to date with tax laws, labor regulations, and statutory requirements
- Handle year-end tax reporting, such as W-2s, and ensure timely submissions to authorities
- System Maintenance and Optimization
- Maintain and update payroll software and systems
- Collaborate with HR and IT to ensure system integrations and upgrades are functioning properly
- Troubleshoot and resolve payroll system issues
- Audit and Reporting
- Prepare payroll reports for management and finance (e.g., cost reports, variance analysis)
- Prepare and import monthly journal entries for benefits and payroll as needed
- Create monthly reconciliations of benefit invoices, payroll accounts, and taxes for review and approval
- Assist with internal and external payroll audits
- Maintain proper documentation and payroll records in accordance with retention policies
- Employee Support and Communication
- Address employee payroll inquiries in a timely and professional manner
- Educate staff on payroll policies and procedures, including benefits, leave, and deductions
- Process Improvement
- Identify inefficiencies in payroll operations and recommend solutions
- Implement best practices for improved accuracy and efficiency
- Equity Administration
- Accurately enter and maintain employee equity data in Carta
- Assist in preparing equity grant and exercise information for approval by board members
- Process equity transactions including grants and exercises
- Assist in reconciling equity records and reports for audit and compliance purposes
Our take
As smart watches with health and wellbeing monitoring functions are now an everyday norm, Oura is offering similar wearable technology with its series of rings. It’s one of a number of companies gaining serious traction in the market, along with the likes of Circular and Movano.
The company gained an early profile after its collaboration with Gucci which created mainstream publicity and may have given it a leg up on the competition. With the smart ring market forecast to keep growing, Oura certainly finds itself in a promising position as it moves to build out its operations and refine the product.
The bottom line for Oura will be customer satisfaction and demand, which does make its mixed reviews so far a little troubling. That said, the announcement of its new "Circles" social feature, on top of an integration with InsideTracker and acquisition of "wave to pay" company Proxy, all look set to increase the functionality of the ring and could well win more consumers over.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
9% employee growth in 12 months
Company
Funding (last 2 of 10 rounds)
Dec 2024
$125m
SERIES D
Nov 2024
$75m
SERIES D
Total funding: $354.1m
Company benefits
- Beautiful workspaces in San Francisco by Pier 31, Oulu and Helsinki (Finland)
- Amazing culture of collaborative and passionate coworkers
- Wellness benefits
- An Oura Ring of your own
- Personal learning & development budget of 750 USD/EUR
- Unlimited course offerings from Coursera
- Five (5) total days of work time to devote to employee development training
- Equity
- Health, dental, and vision insurance
- 20 days of PTO
Company HQ
Linnanmaa, Oulu
Leadership
Tom Hale
(CEO, Not Founder)Seasoned senior board member and advisor at multiple high growth companies including Cars.com, Volara, and HomeAway.
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