Payroll Specialist, Peloton
$69.5-90.4k
Wellness and fitness services
Job no longer available
Wellness and fitness services
1001+ employees
Job no longer available
$69.5-90.4k
1001+ employees
Company mission
Peloton's mission is to connect the world through fitness, empowering people to be the best version of themselves anywhere, anytime.
Role
Who you are
- Proven experience as payroll specialist or payroll manager
- Solid understanding of accounting fundamentals and payroll best practices
- Very good knowledge of legislation and regulations of the payroll field
- Experience with benefits administration is a huge plus but not mandatory
- Strong knowledge of payroll software, applicant tracking systems, and onboarding applications
- Proficient in MS Office
- Trustworthy with attention to confidentiality
- Outstanding organizational ability with fantastic attention to detail
- Excellent communication skills
- BA/S in business, accounting, or relevant field or equivalent years of experience
What the job involves
- Managing end-to-end payroll processing for employees that includes importing, proofing, editing, processing, and transmitting all payroll wages and tips, deductions, reimbursements, bonuses, commissions, and manual payments consistent with federal and state wage and hour laws
- Ability to collaborate with external benefits brokers to administer and support employee inquiries and policy options
- Supporting managers to increase understanding and application of HR processes
- Responding to employee inquiries in a timely manner
- Actively partnering to deliver HR solutions in areas including Management Enablement, Off-boarding, Benefits Inquiries, and other general questions
- Educate managers and employees on HR policy, process and practice to ensure effective execution
- Perform specific duties related to insurance plans, 401k, and flexible spending accounts reconciliation of accounts, timely vendor payments
- Perform updates to payroll-related information and data and manage overall payroll workflow
- Ensure timely processing of all new hires, promotions, and terminations for several units
- Analyze and audit payroll data for accuracy of posting, including intercompany transactions
- Prepare journal entries related to payroll and benefits and record timely and accurately
- Prepare and complete pay orders through an electronic system or distribute paychecks
- Administer statements of payment to personnel either electronically or on paper
- Process taxes and payment of employee benefits
- Keep track of hourly rates, wages, compensation benefit rates, new hire information, etc
- Address issues and questions regarding payroll from employees and superiors
- Prepare reports for upper management and finance department
Our take
Peloton has transformed the fitness market by bringing spin classes into the home. Its product gives you the motivation of having a personal trainer combined with the ease of exercising at home.
It has grown dramatically since launching in 2012, with around 6M subscribers for access to their classes. As well as producing all the hardware itself, it also benefits from network effects. This gives Peloton a strong competitive moat as it scales.
Along with its signature bikes, Peloton has broadened its range to include treadmills, guides, apps, accessories and clothing. Having performed incredibly well over the last few years, the company is now seeing a slow decline in demand, announcing that its total annual revenue for 2023 fell 6%. Peloton is planning to reduce its capital expenditure and is attempting to harness business clients' corporate wellness spending to address this going forward.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (2 rounds)
Aug 2018
$589.9m
May 2017
$348.6m
Total funding: $938.5m
Company benefits
- Medical, dental and vision insurance
- Generous paid time off policy
- Short-term and long-term disability
- Access to mental health services
- 401k, tuition reimbursement and student loan paydown plans
- Employee Stock Purchase Plan
- Fertility and adoption support and up to 18 weeks of paid parental leave
- Child care and family care discounts
- Free access to Peloton Digital App and apparel and product discounts
- Commuter benefits and Citi Bike Discount
- Pet insurance and so much more!
Company HQ
Hell's Kitchen, New York, NY
Leadership
Tom Cortese
(Co-Founder & Advisor)Previously VP of Product Management at Pronto.com where he worked with John.
Barry McCarthy
(CEO & President, not founder)Previously served as CFO and Global Head of Free Business for Spotify and as a Venture Partner for Technology Crossover Ventures.
Salary benchmarks
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