Payroll & Benefits Manager
RWA Wealth Partners LLC - newton, MA
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Organization RWA Wealth Partners is a boutique wealth management firm that delivers a personalized experience to help clients grow and protect their wealth so they can pursue a rewarding lifestyle, realize their goals, and create a legacy for generations. With over $16 billion in client assets under management, we also have the heft and size to combine our boutique experience with the world-class capabilities our clients expect and deserve. Our team of professionals operates from eight offices across the nation, delivering exceptional financial planning and wealth management solutions to over 6,000 clients. We are looking for passionate individuals who are eager to make a difference in the lives of our clients while being part of a collaborative and innovative team. If you are ready to elevate your career in a dynamic environment that values respect, teamwork and personal growth, consider joining us at RWA Wealth Partners. Role Overview The Payroll & Benefits Manager is responsible for managing the company's payroll and benefits, with an opportunity to expand into leading our employee wellness programs. This role focuses on ensuring that compensation packages are competitive, benefits are comprehensive, and wellness initiatives align with company culture and employee needs. The Payroll & Benefits Manager will partner with cross-functional teams to drive engagement, retention, and overall employee satisfaction while maintaining compliance with regulatory requirements. Responsibilities 1. Payroll Management: Oversee the timely and accurate processing of payroll for all employees, ensuring compliance with federal, state, and local laws. Manage payroll systems, ensuring integration with other HR and finance systems. Review payroll data for accuracy, resolve discrepancies, and address employee inquiries. Stay updated on tax regulations, wage and hour laws, and other payroll-related regulations. 2. Benefits Administration: Design, implement, and manage the company's benefits programs, including health insurance, retirement plans, and other voluntary benefits. Evaluate and benchmark benefits offerings to ensure competitiveness in the market. Work with external vendors and brokers to negotiate rates, maintain compliance, and manage renewals. Develop communication plans to educate employees about benefit options and changes. Provide guidance to employees regarding benefit enrollment, claims, and issues. 3. Wellness Programs: Develop and implement wellness initiatives aimed at improving employee well-being, such as fitness programs, mental health resources, and work-life balance initiatives. Collaborate with internal teams and external vendors to create and deliver programs that align with the company's culture and goals. Monitor participation and effectiveness of wellness programs and make adjustments as needed. Promote awareness of wellness offerings through campaigns, events, and educational materials. 4. Compliance & Reporting: Ensure compliance with all federal, state, and local regulations related to payroll, benefits, and wellness programs. Prepare and maintain accurate records, reports, and documentation required for audits and regulatory filings (e.g., ACA, ERISA, DOL). Manage the budget for payroll, benefits, and wellness programs, ensuring cost-effectiveness without compromising employee satisfaction. Conduct regular audits of payroll and benefits to ensure data accuracy and compliance. 5. Employee Engagement & Communication: Act as a point of contact for employee questions and concerns regarding total rewards programs. Partner with HR, Finance, and Leadership teams to ensure alignment of total rewards with broader company goals. Develop and deliver presentations, trainings, and other materials to educate employees on their total rewards packages. Gather employee feedback on payroll, benefits, and wellness programs to continually improve offerings and address gaps. Education, Experience and Qualifications Education : Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. Master's degree or professional certifications (e.g., CCP, CBP, CEBS, or SHRM-SCP) preferred. Experience : Minimum of 3-5 years of experience in payroll and benefits. Skills : Strong knowledge of payroll processes and benefits administration. Excellent understanding of relevant laws and regulations (e.g., FLSA, ACA, ERISA, COBRA). Proficiency in HRIS and payroll systems (e.g., ADP, Workday, or similar platforms). Strong analytical skills and ability to interpret data to drive decisions. Exceptional communication and interpersonal skills, with the ability to engage employees at all levels. Strong project management skills, with the ability to handle multiple priorities and deadlines. Compensation The anticipated base salary range for this position is $65,000.00 - $85,000.00. Final base compensation will be carefully determined based on several factors including relevant knowledge, skillset, and experience. Additionally, this role may be eligible for other forms of compensation and benefits, such as discretionary bonus, health, dental, and vision plans, and employer 401(k) contributions. RWA Wealth Partners is an equal opportunity employer. We believe that the most effective way to invite and retain a diverse workforce is to build an enduring culture of inclusion and belonging. The Firm does not discriminate in employment because of race, creed, national origin, religion, age, color, sex, marital status, sexual orientation, gender identity, disability, citizenship status or protected veteran status, or any other characteristic protected by local, state, or federal laws, rules, or regulations. 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Created: 2024-11-12