Payroll Director at Material Bank

Los Angeles, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Technology, MarketingIndustries

Requirements

10+ years of experience doing full cycle payroll, including experience managing at least one payroll professional
High school diploma or GED required; associate or bachelor's degree a plus
CPP (Certified Payroll Professional) certification strongly preferred
Experience with Workday Payroll and/or ADP is strongly preferred; familiarity with payroll systems, HRIS platforms, or ERP tools is required
Proficiency in Microsoft Excel (e.g., formulas, pivot tables, vlookups, etc.)
Outstanding organizational skills, including ability to struct (inferred: structure tasks and manage details)

Responsibilities

Train, coach, and manage two payroll team members
Oversee review of employees’ timesheets for each pay period (timecards submitted weekly, payroll processed bi-weekly); deep understanding of overtime laws for California and other states for manual audits
Oversee processing of payroll via Workday Payroll and tax compliance via ADP SmartCompliance
Oversee review of payroll audit reports with each payroll run
Work closely with UK payroll processor to submit payroll data, resolve discrepancies, and maintain up-to-date employee records
Run, maintain, and audit weekly payroll reports (primarily in Excel) to ensure data accuracy
Oversee and review calculation and processing of leaves of absence and final pay for exiting employees
Oversee and review preparation of final pay for employees exiting the company
Coordinate with the People team on payroll-related issues including benefit deductions, 401(k) loans, use of paid time off during leaves, and salary adjustments
Collaborate with the Accounting team related to month-end close processes and reconciliations
Communicate with employees to resolve payroll-related questions in a timely and professional manner
Oversee audits of W-2s and paystubs; ensure all government, state, and local reporting requirements are met
Maintain confidentiality of payroll, private employee, and proprietary information; ensure payroll data is secure
Lead the payroll team on other projects as needed; encourage teamwork and collaboration

Skills

Key technologies and capabilities for this role

WorkdayPayroll ProcessingTimesheet ManagementExcelUS Payroll ComplianceState Tax RegulationsUK PayrollTeam Management

Questions & Answers

Common questions about this position

What is the location requirement for the Payroll Director role?

This role is to be based near one of our offices in Los Angeles, Oakland, Austin or New York.

What salary or compensation is offered for this position?

This information is not specified in the job description.

What key skills are required for the Payroll Director position?

The role requires strong Excel skills, excellent organizational habits, a high level of accuracy, attention to detail, problem-solving, flexibility, and a strong understanding of various states’ payroll rules including California overtime laws.

What does the payroll team structure look like?

The Payroll Director will lead and manage two junior payroll staff.

What qualities make a strong candidate for this Payroll Director role?

The right candidate takes initiative, learns quickly, embraces opportunities to contribute and improve processes, and thrives in a fast-paced environment.

Material Bank

Digital marketplace for building materials

About Material Bank

Material Bank operates a large online marketplace for building materials, catering to architects, designers, and construction professionals. Users can explore, sample, and order a variety of materials and products through the platform. The marketplace connects industry brands and manufacturers with professionals, generating revenue through partnerships and product listings. Material Bank enhances user experience with services like sample replenishment and project management tools. The company emphasizes integrity, clear communication, and sustainability, partnering with eco-friendly brands. Its goal is to simplify the material sourcing process for the architecture and design community by continuously expanding its offerings and improving its platform.

Miami, FloridaHeadquarters

2018Year Founded

$314.4MTotal Funding

SERIES_DCompany Stage

Consumer Software, Design, Consumer GoodsIndustries

201-500Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Disability Insurance

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

Flexible Work Hours

Hybrid Work Options

Risks

Increased competition from local distributors challenges Material Bank's market dominance.

European market expansion may face regulatory challenges and established local competitors.

Strategic shifts from new leadership could disrupt existing operations or partnerships.

Differentiation

Material Bank offers next-day delivery for samples ordered by midnight, enhancing convenience.

The platform integrates AI-driven search algorithms for improved material discovery and recommendations.

Material Bank collaborates with eco-friendly brands, emphasizing sustainability in its offerings.

Upsides

Expansion into Europe opens new markets and growth opportunities for Material Bank.

Integration of VR and AR tools enhances user experience and potentially increases conversion rates.

The mobile app caters to the growing demand for mobile solutions in the design industry.

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