Payroll Manager, Virta Health
$117.5-158.2k
More information about location
Diabetes reversal & weight loss treatments
Job no longer available
Diabetes reversal & weight loss treatments
501-1000 employees
Job no longer available
$117.5-158.2k
More information about location
501-1000 employees
Company mission
To reverse metabolic disease in one billion people
Role
Who you are
- 5+ years of multi-state payroll experience, including experience leading and developing a payroll team in a fast-paced or high-growth environment
- Advanced proficiency in payroll platforms (e.g., ADP, Workday), HRIS systems, Excel, and Google Workspace
- Deep knowledge of U.S. federal and state payroll regulations, including FLSA, wage and hour laws, and tax compliance
- Strong analytical and problem-solving skills, with exceptional attention to detail and accuracy in handling high-volume data
- Clear and effective communicator, capable of explaining payroll policies and resolving employee concerns with professionalism
- Demonstrated discretion and ability to handle sensitive employee data with a high level of confidentiality
What the job involves
- The Payroll Manager is responsible for overseeing end-to-end payroll operations, ensuring timely, accurate, and compliant payroll processing across a fully remote workforce. This role leads the payroll team, supports internal and external audits, ensures SOX compliance, and ensures Virta has scalable, well-documented payroll processes and controls. You’ll collaborate closely with Finance, Accounting, HR, and Legal, and drive continuous improvements to support Virta’s rapid growth
- Supervise and mentor the payroll team, providing coaching, support, and training to ensure accuracy and efficiency in payroll processing
- Own the preparation, documentation, and execution of multi-state payroll cycles, ensuring accuracy, compliance, and adherence to internal deadlines
- Ensure compliance with federal, state, and local tax and labor regulations, as well as internal controls expectations such as SOX compliance, while staying current with evolving legislation and industry best practices
- Lead and execute payroll audits, including ongoing reconciliations of payroll accounts, tax withholdings, benefits contributions, and other deductions
- Prepare and analyze payroll reports, conduct audits to identify discrepancies or issues, and reconcile payroll accounts. Work closely within the team and Accounting to coordinate employee information and reporting, including headcount analysis, labor cost trends, and other key performance metrics
- Act as the primary escalation point for complex payroll issues, investigating and resolving discrepancies, and addressing concerns from employees and other departments
- Partner with Accounting and Legal to ensure payroll operations are well-documented, audit-ready, and aligned with evolving compliance expectations as the company scales
- Champion continuous process improvement; identify opportunities to automate workflows, reduce errors, and scale payroll operations for IPO readiness
- Lead or support key initiatives such as system upgrades, vendor transitions, new benefit implementations, and M&A-related payroll integration
- Within your first 90 days at Virta, we expect you will do the following:
- Fully own and run end-to-end payroll processing while leading and supporting the payroll team
- Evaluate and begin proposing updates to payroll operations, documentation, and policies for improved accuracy, efficiency, and scalability
- Demonstrate professionalism, responsiveness, and exceptional attention to detail in all employee and stakeholder interactions
- Collaborate directly with employees and functional leaders to resolve payroll issues, support reporting needs, and lead or assist with internal audits
- Begin assessing documentation and internal controls related to payroll processes to support SOX readiness and future audit requirements
Our take
Much of the care for type 2 diabetes has been based on control and prevention, rather than a direct reversal of the issue. Virta Health is changing that, providing patients with personalized treatment plans, virtual monitoring and patient care.
Instead of depending upon medication, which often needs to be increased over time, the company is tackling the problem at its root and taking a fundamentally different approach that is better for the patient, and more economical for insurers. Among enrolled patients in its clinical trial at one year, 60% achieved diabetes reversal.
While other platforms serve similar markets, the large number of prediabetic and diabetic Americans presents a significant opportunity for growth. The company is well-funded and continues to expand the reach of its telehealth-powered diabetes reversal treatment - positioning itself for widespread adoption as it addressies this critical healthcare challenge.
Steph
Company Specialist at Welcome to the Jungle
Insights
4% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$133m
SERIES E
Dec 2020
$65m
SERIES D
Total funding: $373m
Company benefits
- Remote-first work environment with ability to work from home
- Flexible work hours & time off policy
- Virta pays 99% of all employee health insurance premiums, and 75% for all dependents
- Up to 16 weeks paid parental leave
- Enroll in the Virta treatment for free and give a discount to friends and family
- Internet, home office, learning & development stipends
- Employee Resource Groups like Parents of Virta, Ladies of Virta, and Virtans for DEI
- 401K and ROTH contribution opportunities
Company HQ
Civic Center, Denver, CO
Leadership
Sami Inkinen
(CEO & Co-Founder)Worked on Microsoft’s strategy team for MS Office, and as a consultant for McKinsey & Company. Co-founder of online real estate marketplace Trulia, serving as its COO until its IPO and eventual sale to Zillow Group.
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