Payroll & Benefits Specialist, Lendbuzz
$75-85k
Car financing platform
Open for applications
Car financing platform
201-500 employees
Open for applications
$75-85k
201-500 employees
Company mission
To help you build your credit and get your dream car with our excellent services.
Role
Who you are
- Minimum 3 years of hands-on experience processing payroll
- Proficiency in Paylocity, and familiarity with additional payroll platforms
- Extensive experience managing benefits programs such as health insurance, retirement plans, and disability benefits, with a strong track record in compliance and auditing
- In-depth understanding and practical application in payroll processes of federal and state payroll laws, tax regulations and benefits compliance
- Proficient in Mac, G Suite, and Microsoft Office applications
- Exceptional attention to detail and accuracy, combined with strong customer service orientation and excellent written and verbal communication skills
- Brings sound judgment, problem-solving abilities, and discretion in handling sensitive or complex tasks independently
- Skilled in interpreting and communicating complex instructions, working independently with discretion, prioritizing tasks, meeting deadlines, and fostering relationships with diverse professionals
What the job involves
- We are seeking a knowledgeable and detail-oriented Payroll & Benefits Specialist to join our team
- The Payroll & Benefits Specialist is responsible for processing both the bi-weekly and semi- monthly payroll for approximately 400+ full-time employees and all related payroll duties
- This position is responsible for assisting with all benefits programs, including medical, dental, vision, FSA, commuter and 401k, as well as maintaining employee records
- You will play a crucial role in our HR team while supporting our employees
- Payroll Administration:
- Process bi-weekly and semi-monthly payroll processing for over 400 employees accurately, in compliance with relevant laws and policies
- Handle manual checks and off cycle payrolls as needed
- Manage state and local tax registrations, notices, and updates
- Handle payroll-related updates such as state tax changes, garnishments and 401(k) contributions
- Verify and reconcile all payrolls, reviewing reports for accuracy and identify anomalies
- Verify accuracy of hourly time cards and ensure proper data import for payroll processing
- Prepare and provide payroll information for annual audits
- Maintain current employee files and records accurately
- Process payroll changes, reconcile regular and supplemental payrolls, and address any discrepancies
- Maintain compliance with all federal, state, and local regulations related to payroll and taxation
- Benefits Administration:
- Manage monthly state disability reporting and stay updated on the state disability plans
- Support disability and PFML claims processing and monitor status
- Supports benefit plan administration including health insurance, STD, LTD retirement plans, and additional benefits
- Assisting with annual open enrollment planning, audit reports and testing
- Assist employees with benefits / enrollment questions and issues
- HR Administration:
- Ensure compliance by updating required posters for each state
- Support employee onboarding and offboarding processes, including updates to HRIS platforms and other systems
- Maintain and update employee records in HRIS throughout the employee lifecycle (onboarding, status changes, terminations, etc.)
- Provide administrative support to the HR team by maintaining spreadsheets, and preparing reports
Our take
On a mission to help individuals currently underserved by the traditional credit system, Lendbuzz is an automobile finance platform that uses machine learning and AI to help consumers with little to no credit history access financing when buying a car.
Research found that nearly two thirds of consumers want to improve their credit scores, likely because it’s deemed the only way to access loans and credit cards. Whilst banks and traditional lenders assess credit based on FICO scores, Lendbuzz finds new signals and other relevant data to assess a person’s credit worthiness.
$100 million in lending capital from Mitsubishi UFJ Financial Group is fuelling more warehouse capacity for Lendbuzz's loan origination growth. It has secured its substantial investment thanks to a prolonged period of high performance, having established a year-on-year loan originations growth of more than 100% per annum.
Freddie
Company Specialist at Welcome to the Jungle
Insights
33% employee growth in 12 months
Company
Funding (last 2 of 9 rounds)
Oct 2023
$45m
LATE VC
Aug 2022
$43.7m
LATE VC
Total funding: $366.1m
Company benefits
- Dental and Health Insurance
- Company Outings
- 401(k)
- Fitness Center
- Unlimited PTO
- Stocked Kitchen
- Company Issued Hardware
- Cool Swag
Company HQ
Financial District, Boston, MA
Leadership
Amitay Kalmar
(CEO)Previously served as Vice President of Technology Investment Banking for Deutsche Bank, and Project Manager for IDF.
Dan Raviv
(CTO)Previously worked in Research for both Massachusetts Institute of Technology (MIT) and Hewlett-Packard.
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