Associate Director Payroll and LTI Operations

Corium is a privately held commercial biopharmaceutical company leading the development of new CNS healthcare products that provide clinicians with important treatment options for patients, caregivers, and their families.
Our company values are core to our positive and people-centric culture which inspires all of us to come to work every day on behalf of our people, our partners, our customers, and our patients. Through our four core values, we work to Turn Life Into Living – to put people first and create opportunities to make each day better than the last.

• Celebrate Individuals: We’re looking for talent who will celebrate the uniqueness of each of our team members by encouraging everyone to bring their authentic self to work.
• Successful Together: We believe we’re better together so we prioritize teamwork as we work to achieve our shared vision knowing each one of us has an important role to play.
• Welcome Opportunities: We prioritize a flexible approach, which welcomes new challenges and opportunities to best meet the needs of our people, our partners, our customers, and our patients.
• Pride in Ownership: We take pride in owning our progress and successes, feeling empowered to pursue our growth to reach our full potential. And we hope you will too!

Required Skills
% of Time

Summary of Responsibilities

60%

Payroll:

• Partner with key stakeholders in our Finance, Accounting, Legal and HR teams to ensure timely and accurate record keeping for payroll
• Own the payroll process from end to end and ensure the completeness and accuracy of payroll, including review of new hires, terminations and master-data changes against source documents, timecards, all types of leave tracking, bonuses, sales incentives, payroll deductions and payroll invoice reconciliation
• Oversee the administration of the company's 401(K) retirement plan, including processing of employee deferrals, loan repayments, and other transactions as well as all required reporting and compliance activities.
• Ensure payroll records/processes maintain compliance with applicable laws and company policies.
• In collaboration with HR Systems, implement systems for payroll processes and identify opportunities to automate recordkeeping procedures.
• Prepare or review tax-related documents for payroll transactions
• Manage payroll related tax registration and workers' compensation audits
• Support internal and external auditors
• Comply with company policies, including performance of internal control procedures with high-quality documentation
• Assist with reporting materials for internal and external parties
• Identify and implement new processes to optimize efficiencies within the payroll related processes
• Validate tax filings and year-end W-2s
• Collaborate with HR to establish efficient processes for all aspects of the employee lifecycle that facilitate timely and accurate updates to payroll records
• Other projects as directed by manager
• Continually evaluating platform and process workflow and recommend improvements as applicable.
• Implement changes that position the function to scale as we grow, ensure quality control measures and implement policies.

• Administer (or assists in administering) and troubleshoots the financial and accounting aspects of Company benefits such as COBRA, 401K plan, health and welfare insurance benefits.
• Reconcile various benefit withholdings on a monthly basis.

40%

LTI Operations:

• Lead and own long-term incentive operations to include all employee equity and cash transactions ensuring timely and accurate processing. These transactions include but are not limited to monitoring vesting, employee grants, cancellations, stock option exercise, LTIP payouts and related taxation events.
• Partner with Legal, HR, Finance and other teams to maintain and improve upon processes and procedures related to LTI operations
• Perform reconciliations and audits related to LTI administration
• Provide excellent customer service to employees
• Collect and prepare data on LTI activities for internal and external reporting or auditing
• Provide required reporting and support to Finance and Accounting

Required Experience

• Bachelor’s degree in Business Administration, Accounting, Finance or related field
• Certified Payroll Professional (CPP)
• Certified Equity Professional (CEP) preferred
• 5 – 8 years experience leading payroll with multiple locations required
• Additional experience with LTI administration preferred but not required.
• 2 years management experience
• Experience is preferably within the biopharmaceutical industry or broader industry acceptable.
• Comfortable in growth/build company setting.

Job Qualifications*
*

The ideal candidate is consultative, possess strong analytical and project management capabilities, organized, ability to prioritize, be hands on, and easily pivots priorities given business need and circumstances.

• Models Corium’s values: Celebrate Individuals, Successful Together, Welcome Opportunities and Pride in Ownership
• Strong knowledge of multi-state US payroll and tax compliance, with excellent understanding of payroll laws and regulations
• Supervision of the HR Payroll Lead, providing coaching, direction, training, development, and job performance evaluations
• Remain current with payroll tax compliance laws and regulations by studying existing and new legislation; enforcing adherence to requirements
• Remain current with long-term incentive compliance and taxation laws and regulations
• Produce reports for upper management upon request.
• Serve as the point of contact for Internal, External, Federal Payroll audits.
• Must have experience independently running payroll
• Experience with ADP Workforce Now, Workday, Solium Shareworks
• Experience with 401k retirement
• Strong attention to detail
• Proven ability to lead a company’s payroll function through periods of rapid growth
• Strong Excel skills
• Ability to prioritize assignments, deal with interruptions, and meet deadlines in a fast paced and growth-oriented environment
• Ability to keep business information confidential and respect sensitive information of others
• Strong communication skills and the ability to interact professionally and effectively with a diverse group of stakeholders.
• Experience and interest in working in a fast-paced, changing and collaborative environment

Job Type: Full-time