Payroll Manager
Insmed Incorporated

Job Info

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Company Description

Insmed is a global biopharmaceutical company on a mission to transform the lives of patients living with serious and rare diseases. Our most valuable resource is our employees, and everything we do is motivated by a patients-first mentality. We are dedicated to growing our team with talented individuals from around the world who are willing to challenge the status quo, solve problems, and work collaboratively with a sense of urgency and compassion.

Guided by our core values of collaboration, accountability, passion, respect, and integrity, we aim to foster an inclusive, diverse, and flexible work environment, where our employees are recognized for leaning in and rolling up their sleeves. If you share our vision and want to work with the most dedicated people in the biopharma industry, come to Insmed to accelerate your career.

Recognitions

Named Science's Top Employer in 2021, 2022, and 2023

Insmed is dedicated to creating a collaborative environment where our team can thrive. Every day, our employees turn their passion for science and research into innovative solutions for patients. That's why we were named the No. 1 company to work for in the biopharma industry in Science's Top Employers Survey for three years in a row.

A Certified Great Place to Work®

We believe our company is truly special, and our employees agree. In July 2024, we became Great Place to Work-certified in the U.S. for the fourth year in a row. We are also honored to have been listed on the Best Workplaces in Biopharma™, Best Workplaces in New York™, PEOPLE® Companies That Care, Best Workplaces for Women™, Best Workplaces for Millennials™, and Best Medium Workplaces™ lists.

Overview

The Payroll Manager is tasked with overseeing the payroll process, ensuring accuracy, timeliness, and compliance with all relevant regulations. This role requires a partnership with the Senior Payroll Manager to manage and execute payroll tasks, including semi-monthly, bonus, incentive compensation and equity payrolls upon demand. The Payroll Manager role is not only detail-oriented and analytical but also capable of seeing the bigger picture and contributing to the strategic direction of the payroll function. The role demands a proactive approach with the ability to be a self-starter.

Responsibilities

* This position must ensure payroll is run accurately, timely and in compliance with all federal, state, local payroll and regulatory requirements. *Partner in process US Payroll semi-monthly payroll and equity payrolls as needed. Supporting the entire payroll process from start to finish, ensuring timely and accurate processing, delivery and reconciliation of all payrolls including journal entries. * Assist in reconciliation and review W-2s and other payroll year end activities working closely with Accounting and Total Rewards team to eliminate errors. * Manage multi-state payroll tax issues and resolve tax notices in collaboration with ADP. * Review data sent from Workday to Payroll related system such as ADP and Merrill Lynch. * Assist management with projects as needed, including streamlining and automation of processes. * Oversees and participates in pre- and post-payroll auditing procedures and troubleshoots anomalies. * Partner with Payroll Manager in the accurate and timely processing of all employee stock plan transactions, options exercises, RSU releases and ESPP enrollment and purchases * Provide equity related payroll data globally * Work closely with the Accounting, Human Resources, Finance, and Internal Controls teams to ensure all financial controls and reporting activities are accurate and efficient * Foster an effective relationship and work closely with the leadership team at ADP to ensure strong service delivery and compliance within the parameters of the Company's contractual arrangement
* Assist in Developing Payroll Systems strategy and plan, and define Payroll systems requirements through partnership with HR, Finance, Business Process Owners, and IT teams. Develop proposals for new system implementation, system improvements or process improvement opportunities
* Collaborate in the development, implementation, and administration of payroll policies, practices, and procedures including payroll records, systems and procedures. Reviews and ensures the timeliness and quality of the data entry of payroll information
Position Requirements (Required and/or Preferred Skills, Experience and Education): * Bachelor's degree preferred
* CPP/FPC certification or equivalent preferred * US ADP Workforce Now payroll processing experience required * Strong Excel skills required * Experience with processing equity transaction through payroll required * Experience with ADP GL interface to create journals for Oracle ERP a plus * Prior experience processing payroll for a company with field base employees and/or multiple locations * Prior experience establishing payroll in additional jurisdictions * Knowledge of Canadian Payroll a plus * Ability to maintain absolute confidentiality with the utmost integrity
* 5+ years of experience as part of a payroll team or function. Must have exposure to US multistate taxation. Experience in with ADP Workforce Now a must * Experience with Workday HRIS system feeding to ADP Payroll system a plus * Ability to manage projects and strong communication skills
* Effective engagement with multiple stakeholders
* High level analytical and problem-solving capability * Strong process management and business process analysis competencies and demonstrated ability to support complex HR/Payroll models #LI-JT1

Travel Requirements

up to 10%

Salary Range

$111,000 - $156,133 a year

Compensation & Benefits

We're committed to investing in every team member's total well-being, now and in the future. We offer a competitive total-rewards package to all employees around the world, including:

• Flexible approach to where and how we work

• Competitive compensation package including bonus.

• Stock options and RSU awards

• Employee stock purchase plan

• 401(k) plan withcompanymatch

• Professional Judgment Vacation Policy

• 11 paid holidays per year and Winter Break (typically between Christmas and New Year's Day).

ADDITIONAL U.S. BENEFITS:

• Medical, dental, and vision plans

• Company-provided short- and long-term disability plans

• Company-provided life insurance

• Unique offerings of pet, legal, and supplemental life insurance

• Flexible spending accounts for medical and dependent care

• Accident and Hospital Indemnity plans

• Supplemental AD&D

• Employee Assistance Program (EAP)

• Mental Health on-line digital resource

• On-site, no-cost fitness center at our U.S. headquarters

• Paid time off to volunteer

Additional Information

Insmed Incorporated is an affirmative action and equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, disability, age, sexual orientation, gender identity, national origin, veteran status, or genetic information or any other characteristic protected by law.

Insmed is committed to providing access, equal opportunity, and reasonable accommodation for individuals with disabilities in employment, its services, programs, and activities. To request reasonable accommodation to participate in the job application or interview process, please contact us by email at TotalRewards@insmed.com and let us know the nature of your request and your contact information. Requests for accommodation will be considered on a case-by-case basis. Please note that only inquiries concerning a request for reasonable accommodation will be responded to from this email address.

Unsolicited resumes from agencies should not be forwarded to Insmed. Insmed will not be responsible for any fees arising from the use of resumes through this source. Insmed will only pay a fee to agencies if a formal agreement between Insmed and the agency has been established . The Human Resources department is responsible for all recruitment activities; please contact us directly to be considered for a formal agreement.

Applications are accepted for 5 calendar days from the date posted or until the position is filled.

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