[Remote] Payroll & Benefits Specialist at Lendbuzz

Remote

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Not SpecifiedCompensation

Entry Level & New GradExperience Level

Full TimeJob Type

UnknownVisa

Financial TechnologyIndustries

Requirements

Minimum 3 years of hands-on experience processing payroll
Proficiency in Paylocity, and familiarity with additional payroll platforms
Extensive experience managing benefits programs such as health insurance, retirement plans, and disability benefits, with a strong track record in compliance and auditing
In-depth understanding and practical application in payroll processes of federal and state payroll laws, tax regulations and benefits compliance
Proficient in Mac, G Suite, and Microsoft Office applications
Exceptional attention to detail and accuracy, combined with strong customer service orientation and excellent written and verbal communication skills
Sound judgment, problem-solving abilities, and discretion in handling sensitive or complex tasks independently
Skilled in interpreting and communicating complex instructions, working independently with discretion, prioritizing tasks, meeting deadlines, and fostering relationships with diverse professionals

Responsibilities

Process bi-weekly and semi-monthly payroll processing for over 400 employees accurately, in compliance with relevant laws and policies
Handle manual checks and off cycle payrolls as needed
Manage state and local tax registrations, notices, and updates
Manage payroll-related updates such as state tax changes, garnishments and 401(k) contributions
Verify and reconcile all payrolls, reviewing reports for accuracy and identify anomalies
Verify accuracy of hourly time cards and ensure proper data import for payroll processing
Prepare and provide payroll information for annual audits
Maintain current employee files and records accurately
Process payroll changes, reconcile regular and supplemental payrolls, and address any discrepancies
Maintain compliance with all federal, state, and local regulations related to payroll and taxation
Manage monthly state disability reporting and stay updated on the state disability plans
Support disability and PFML claims processing and monitor status
Support benefit plan administration including health insurance, STD, LTD retirement plans, and additional benefits
Assisting with annual open enrollment planning, audit reports and testing
Assist employees with benefits / enrollment questions and issues
Ensure compliance by updating required posters for each state
Support employee onboarding and offboarding processes, including updates to HRIS platforms and other systems
Maintain and update employee records in HRIS throughout the employee lifecycle (onboarding, status changes, terminations, etc.)
Provide administrative support to the HR team by maintaining spreadsheets, and preparing reports

Skills

Key technologies and capabilities for this role

Payroll processingBenefits administrationEmployee record keepingTax complianceData analysisAttention to detail

Questions & Answers

Common questions about this position

What experience is required for the Payroll & Benefits Specialist role?

Minimum 3 years of hands-on experience processing payroll is required, along with proficiency in Paylocity, familiarity with additional payroll platforms, and extensive experience managing benefits programs such as health insurance, retirement plans, and disability benefits with a strong track record in compliance and audits.

What are the main responsibilities of this position?

The role involves processing bi-weekly and semi-monthly payroll for over 400 employees, managing benefits programs including health insurance and 401k, handling compliance, supporting onboarding/offboarding, and maintaining employee records in HRIS.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What does Lendbuzz's company culture emphasize?

Lendbuzz has built a company and culture around a resolute belief in the promise and power of diversity, valuing independent and critical thinking.

Lendbuzz

Provides auto loans for international students

About Lendbuzz

Lendbuzz provides auto loans specifically designed for international students and professionals in the United States who may struggle to secure financing through traditional lenders. The company uses advanced data analytics and machine learning to evaluate the creditworthiness of borrowers, focusing on a wider range of financial and personal data rather than just credit scores. This approach allows Lendbuzz to cater to a niche market that is often overlooked by conventional financial institutions. Borrowers can apply for loans online, verify their information easily, and sign documents digitally, making the process user-friendly. Lendbuzz earns revenue by charging interest on loans and may also receive fees from car dealerships for facilitating the loan process. The goal of Lendbuzz is to make auto financing more accessible to those who typically face challenges in obtaining loans.

Boston, MassachusettsHeadquarters

2015Year Founded

$246.1MTotal Funding

LENDING_CAPITALCompany Stage

Automotive & Transportation, FintechIndustries

201-500Employees

Benefits

Dental & health insurance

401(k)

Company outings

Fitness center

Unlimited PTO

Stocked kitchen

Company issued hardware

Cool swag

Flexible working hours

Risks

Increased competition from similar fintech companies could erode Lendbuzz's market share.

Potential regulatory scrutiny on AI models may increase compliance costs.

Economic downturns could impact demand for auto loans, affecting Lendbuzz's revenue.

Differentiation

Lendbuzz uses AI to assess creditworthiness beyond traditional credit scores.

The company targets international students and immigrants, a niche underserved by traditional lenders.

Lendbuzz partners with auto dealerships to offer seamless financing solutions.

Upsides

Lendbuzz secured $100M from Japan's largest bank, enhancing its financial stability.

The U.S. auto loan market growth benefits Lendbuzz's specialized services.

Increased adoption of digital lending aligns with Lendbuzz's user-friendly application process.

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