Senior Payroll Manager, Bitgo
$150-170k
Plus bonus and stock options
5+ days a week in office (Palo Alto, CA)
Digital asset financial services for instuitutions
Job no longer available
Digital asset financial services for instuitutions
201-500 employees
Job no longer available
$150-170k
Plus bonus and stock options
5+ days a week in office (Palo Alto, CA)
201-500 employees
Company mission
BitGo's mission is to deliver trust in digital assets.
Role
Who you are
- Bachelor’s degree in accounting, Finance, Human Resources, or related field (preferred)
- 10+ years of payroll experience, including at least 4-5 years in a supervisory or management role
- Experience with payroll software (e.g., ADP, Paychex, Ceridian, etc.) and advanced proficiency in Microsoft Excel
- Strong knowledge of federal, state, and local payroll laws, tax regulations, and compliance requirements
- Excellent organizational and time-management skills with the ability to manage multiple priorities and deadlines
- High level of attention to detail and accuracy
- Ability to maintain confidentiality and handle sensitive employee information with discretion
- Strong communication skills, both written and verbal, with the ability to collaborate across teams and interact with employees at all levels
- Ability to analyze complex payroll data and resolve discrepancies efficiently
What the job involves
- The Sr. Payroll Manager is responsible for overseeing and managing all aspects of payroll processing for the organization
- This role ensures timely and accurate processing of employee wages, bonuses, deductions, and taxes, while adhering to federal, state, and local payroll laws
- He Sr. Payroll Manager will also collaborate closely with the HR and Finance departments to ensure smooth payroll operations and compliance with internal policies and external regulations
- This role will require being full-time onsite at our Palo Alto office to support collaborative team dynamics and innovative problem-solving
- Oversee the accurate and timely processing of payroll for all US and Canada employees, including salaries, hourly wages, commissions, bonuses, and overtime
- Ensure all payroll data is accurate, including employee hours, deductions, and benefits
- Process payroll for multiple locations, international jurisdictions ensuring adherence to deadlines
- Ensure compliance with federal, state, and local payroll laws, tax requirements, and labor regulations
- Oversee filing of payroll tax reports (e.g., quarterly payroll taxes, W-2, W-3 forms, etc.)
- Handle employee inquiries regarding payroll, deductions, and discrepancies
- Maintain accurate records of employee compensation, deductions, tax filings, and other payroll-related documentation
- Prepare monthly, quarterly, and annual payroll reports for internal stakeholders (HR, Finance, and Executive teams)
- Oversee the operation and maintenance of the payroll software/system (ADP Workforce Now), ensuring data integrity and troubleshooting issues as needed
- Implement system improvements to streamline payroll processes and enhance efficiency
- Administer employee benefits (e.g., health insurance, retirement plans, etc.) within the payroll system and ensure proper deductions are made
- Coordinate with the HR department to ensure timely and accurate updates to employee benefits enrollment, terminations, and changes
- Assist in 401K Audit and Workers Compensation Audit
- Conduct regular payroll audits to ensure accuracy and resolve discrepancies
- Reconcile payroll data with general ledger and other financial systems to ensure alignment
- Identify opportunities for process improvements and implement best practices to optimize payroll efficiency
- Stay current on changes to payroll regulations, tax laws, and industry trends
- Join us and you’ll be able to look back and say you were part of the team that transformed investing
Our take
The digital asset industry is maturing, with asset companies looking to shore up their positions by adding secure custody capabilities. This is good news for BitGo, an independent, regulated cryptocurrency custodian company providing security, custody, and liquidity solutions.
BitGo’s flagship multi-signature wallet solution helps its clients mitigate risk and optimize capital efficiency. The company has subsequently expanded to also cover a number of areas that are critical for any holder of major crypto assets - like portfolio and tax management. In this, BitGo was smart to focus exclusively on institutional clients: there’s huge appetite among larger players to expedite the mainstreaming of crypto, and they’ll need precisely BitGo’s tools to get there.
BitGo was in talks to be acquired by PayPal, and most recently Galaxy Digital, which speaks to a strong institutional confidence in the crypto wave. In spite of a rocky year for the digital assets (which now sees BitGo suing Galaxy Digital for pulling out of the acquisition deal), BitGo has manoeuvred itself into a central position to capitalize on what, now, seems a near-inevitable period of mass adoption. Exemplifying this, the BitGo Ventures wing of the company was launched in 2024 to partner with and invest in cutting edge blockchain and fintech startups.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-26% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Aug 2023
$100m
SERIES C
Oct 2018
$16m
SERIES B
Total funding: $170.5m
Company benefits
- Company-paid medical, dental, and vision plans
- Catered lunches, fresh snacks, and gourmet coffee
- Commuting made easy with company-paid Caltrain passes
- Competitive compensation, stock options, and 401k plan
- Top-end computer equipment to power your work
- Flexible vacation time
- Remote/hybrid friendly with physical location workspaces
Company HQ
Evergreen Park, Palo Alto, CA
Leadership
Mike Belshe
(CEO)Previously Director of Engineering at Good Technology, who went on to found Cookout Software - and then move to Google as a Software Engineer/Development Manager when the latter company bought out the startup. Has served as BitGo CEO for over a decade.
Ben Davenport
(Advisor)Has spent time as a Software Engineer at Microsoft, Google, and Facebook, and worked on algorithm development at Hudson River Trading. Additionally co-founded and led Beluga, a mobile group messaging solution that was ultimately bought by Facebook, and became Facebook Messenger.
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