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Senior Payroll Associate

Bain Capital Overview
Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with approximately $160 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact.
Position Overview
We are seeking an experienced and driven individual to join our payroll team as a Senior Payroll Associate. This new role will work closely with the Payroll, HR and Compensation teams to support US payroll processing and functions. This position will be responsible for entering and processing payroll for over 1,000 US employees both exempt and non-exempt. As a Senior Payroll Associate you will be responsible for executing all aspects of the payroll process, GL entries, tax filing and annual reporting. The ideal candidate should be able to roll up their sleeves and dig into the details of any payroll task using their expert payroll knowledge to ensure efficiency and accuracy.
Key Responsibilities
  • Process multi-state biweekly payrolls using ADP
  • Reconcile monthly bank statements
  • Enter general ledgers and reconcile payroll journal entries in Workday
  • Prepare manual off-cycle payments
  • Manage miscellaneous items for payrolls, including fringe benefits and deductions
  • Maintain employee 401k elections
  • Resolve any issues and queries from employees relating to payroll matters
  • Communicate with ADP on any payroll issues
  • Assist with payroll and corporate annual audits
  • Handle employment verifications
  • Coordinate as needed on any ad hoc projects that may arise related to payroll function
  • Review payroll processes and systems for efficiency and provide solutions for improvement or ways to automize on an ongoing basis
  • Work with the HR team to ensure effective leverage of our HRIS (Workday) for operational processes such as compensation and payroll reporting
Skills and Qualifications
  • 6-8 years of payroll experience
  • Experience using ADP payroll software is preferred
  • Experience using Workday HRIS system is a plus
  • Proficiency in Microsoft Office products (Excel, Outlook, Word)
  • Understanding of payroll operation processes including payroll, GL, benefits, taxes and annual reporting
  • Ability to operate in a complex, fast paced, multi-business unit environment
  • Strong interpersonal skills, poise and professional capacity to interact with outside parties and internal personnel across all levels
  • Dedicated team player, a strong sense of ownership and bias towards delivery/action
  • A forward-thinking, self-motivated, and organized individual
  • Ability to prioritize responsibilities and work under deadlines with high attention to detail
  • Capacity to handle highly confidential and sensitive information
Desired Education
  • Bachelor’s degree required
  • Payroll certification a plus
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CEO of Bain Capital
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Jonathan Lavine and John Connaughton
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Bain Capital is one of the world's leading private investment firms based in Boston, Massachusetts. We specialize in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities and more.

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DATE POSTED
August 4, 2023

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