Senior Payroll Specialist, DriveWealth
+ Equity
4+ days a week in office
Cloud-based, API-driven brokerage infrastructure
Job no longer available
Cloud-based, API-driven brokerage infrastructure
201-500 employees
Job no longer available
+ Equity
4+ days a week in office
201-500 employees
Company mission
To make investing accessible to anyone, anywhere.
Role
Who you are
- 6–8+ years of progressive payroll experience within Financial Services or a regulated Fintech environment
- Bachelor’s Degree in Accounting, Finance, or a related business discipline
- ADP Proficiency: Experience implementing or managing ADP in a multi-state environment
- Strong knowledge of NY payroll regulations and experience scaling to multi state and global locations
- Understanding of accounting principles as they relate to payroll, including accruals and benefit funding reconciliations
- A track record of disciplined execution in environments where accuracy and risk management are paramount
- Professional Certification: Certified Payroll Professional (CPP) designation is highly preferred
- A track record of ownership and disciplined execution in high-stakes environments
- The ability to prioritize ruthlessly, focussing on what’s critical versus important to drive work to completion
- A client-oriented mindset with an understanding of how your work impacts partners
- Strength in cross-functional partnership with the judgment to coordinate across multiple teams
- A bias toward transparency, accountability, and responsiveness in everything you do
- You’re committed to continuous improvement and implicitly believe that we > I
- Impeccable high integrity, sound judgment, and a deep respect for risk, control, and operational excellence
What the job involves
- The Senior Payroll Analyst will serve as the functional owner of DriveWealth’s payroll, focusing on day to day operations and staying ahead of payroll compliance
- You will be responsible for the end-to-end execution of our domestic and international payrolls, while concurrently managing our migration to ADP to modernize and automate our operations
- Success in this position requires a tech-forward approach to scaling multi-state operations, ensuring rigorous compliance with tax and regulatory standards, and maintaining precision in benefits accounting and GL reconciliations
- You will bridge the gap between payroll, accounting, and technology to build a scalable, audit-ready foundation for our next phase of growth. This role will be based in our Chicago office
- Payroll Execution: Process accurate payroll for all employees across US and Lithuania jurisdictions
- ADP Implementation: Support the transition to ADP, ensuring data integrity and system configuration
- Regulatory Compliance: Maintain adherence (and stay ahead of) to federal, state, and local payroll laws
- Tax & Filings: Manage reporting, garnishments, and statutory filings to ensure timely submissions
- Benefits Accounting: Recon withholdings to ensure accurate 401(k), HSA/FSA, and insurance funding
- Audit & Documentation: Maintain comprehensive records in accordance with controls and audit
- Financial Analysis: Monitor payroll-related costs and variances to support corporate financial reporting
- Issue Resolution: Resolve discrepancies and inquiries with a focus on precision and responsiveness
- Process Optimization: Implement procedures to enhance payroll efficiency and automation
Our take
Robo-advisory products and fractional share trading have expanded the investment industry's reach, attracting a broader audience than ever before. This shift has necessitated a redesign of the fintech industry's infrastructure to meet the growing demand for accessible, efficient investment options.
DriveWealth plays a pivotal role in this transformation by developing APIs that serve over 100 global fintechs, challenger banks, and digital wallets. Its infrastructure enables seamless robo-advisory services and fractional-share trading, giving retail investors access to US markets and offering innovative stock-reward programs. Among its partners are notable companies like Revolut, MoneyLion, and Hemista.
As the company continues to grow, it remains focused on scaling its business by enhancing its technology stack, pursuing strategic acquisitions, and expanding its team. It is well on its way to its ultimate goal of providing tools that empower companies to create investment products that are both accessible and convenient for everyone.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-9% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Aug 2021
$450m
SERIES D
Oct 2020
$56.7m
SERIES C
Total funding: $552.8m
Company benefits
- Health & wellness packages: We’ve built our benefits offering as a holistic package. We provide multiple health insurance carrier options and plans (medical, dental, vision) with access to HSA and/or FSA tax savings tools. We also provide income protection including life insurance, AD&D, short- and long-term disability, as well as extended coverage resources such as fertility benefits and mental wellness resources
- Vacation & time off: To build a successful organization, employees need time away to rest and recharge, so we provide paid time off including paid holidays and unlimited vacation time. We also strongly believe in work-life balance and, therefore, offer fully remote and hybrid work positions based on role requirements
- Professional developmnet: We believe one of the greatest contributions we can make is investing in our employees’ professional development. Therefore, we offer financial support toward continuing education courses, academic coursework, professional conferences, earning professional certifications, and membership fees to professional organizations
Company HQ
Financial District, New York, NY
Leadership
Naureen Hassan
(CEO)Previously President of the Americas at UBS, was on the Board of Governors at FINRA and Partnership For New York City and was the First Vice President of the Federal Reserve Bank of New York.
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