Payroll Manager

Our healthcare system is the leading cause of personal bankruptcy in the U.S. Every year, over 50 million Americans suffer adverse financial consequences as a result of seeking care, from lower credit scores to garnished wages. The challenge is only getting worse, as high deductible health plans are the fastest growing plan design in the U.S.

Cedar’s mission is to leverage data science, smart product design and personalization to make healthcare more affordable and accessible. Today, healthcare providers still engage with its consumers in a “one-size-fits-all” approach; and Cedar is excited to leverage consumer best practices to deliver a superior experience.

We are seeking a Payroll Manager to join our Financial Operations team! This individual will lead the payroll function, as well as managing payroll compliance and period-end reporting, including annual audits. In addition, this person will be a major contributor to various projects, and will work cross-functionally with other departments and partners both inside and outside the organization.

Our ideal candidate is detail-oriented and organized, who will have the opportunity to own and improve many processes and procedures. 

Responsibilities

• Manage and process the bi-weekly, semi-monthly and off-cycle payrolls accurately, timely and efficiently in compliance with all federal, state, local, and regulatory requirements
• Assist with providing support for the monthly payroll reconciliations while maintaining accurate documentation and proactively investigating variances
• Ensure accurate entry of employee salaries, reported hours on timesheets, commissions, bonuses, severance pay, garnishment requests, and deductions and withholdings for benefits, taxes and 401(k) contributions, and calculating leave and disability payments in conjunction with our providers
• Work closely with the Equity Team to process ISO, NSO and RSU related activity through payroll processing when applicable
• Address payroll inquiries and communicate with employees, managers, and other cross-functional team members
• Oversee relationships with external service providers, including our 401k administrator, tax preparers and benefits partners
• Collaborate with the People Operations team to develop procedures and best practices for record keeping and process improvements while ensuring that all workflows are thoroughly documented
• Prepare and review supporting schedules for financial statements, management and board reporting, the audits, and tax returns and supplemental filings
• Assist with the Employee Benefit Plan audits and the Form 5500 preparation
• Manage multiple ongoing assignments and deliverables with a focus on communication to remain committed to being positive and rejecting mediocrity

Requirements

• Bachelor’s Degree in Accounting, Finance, Human Resources or related field
• 7+ years of experience
• CPP certification is preferred
• Proficiency in Microsoft Office applications
• Experience with payroll and HRIS systems, such as ADP, Paychex or Workday software
• Experience with Rippling is a plus
• Highly organized and proactive with attention to detail and accuracy
• Strong communication, analytical, and problem-solving skills
• Cross collaborative - both internally across the organization and externally

Compensation Range and Benefits

• Salary Range*: $107,100 - $140,000
• This role is also equity eligible
• This role offers a competitive benefits and wellness package

*Subject to location, experience, and education

#LI-REMOTE

What do we offer to the ideal candidate?

• A chance to improve the U.S. healthcare system at a high-growth company! Our leading healthcare financial platform is scaling rapidly, helping millions of patients per year
• Unless stated otherwise, most roles have flexibility to work from home or in the office, depending on what works best for you
• For exempt employees: Unlimited PTO for vacation, sick and mental health days–we encourage everyone to take at least 20 days of PTO per year to ensure dedicated time to spend with loved ones, explore, rest and recharge
• 16 weeks paid parental leave with health benefits for all parents, plus flexible re-entry schedules for returning to work
• Diversity initiatives that encourage Cedarians to bring their whole selves to work, including the Cedarian Advisory Group (a cross-functional cohort focused on increasing internal inclusiveness at Cedar) and three employee resource groups: be@cedar (for BIPOC-identifying Cedarians and their allies), Pridecones (for LGBTQIA+ Cedarians and their allies) and Cedar Women+ (for female-identifying Cedarians) 
• Competitive pay, equity (for qualifying roles) and health benefits that start on the first of the month following your start date (or on your start date if your start date coincides with the first of the month)
• Cedar matches 100% of your 401(k) contributions, up to 3% of your annual compensation
• Access to hands-on mentorship, employee and management coaching, and a team discretionary budget for learning and development resources to help you grow both professionally and personally

About us

Cedar was co-founded by Florian Otto and Arel Lidow in 2016 after a negative medical billing experience inspired them to help improve our healthcare system. With a commitment to solving billing and patient experience issues, Cedar has become a leading healthcare technology company fueled by remarkable growth. Over the past several years, we’ve raised more than $350 million in funding from investors such as Andreessen Horowitz and Tiger Global, bringing Cedar’s valuation to $3.2 billion.

As of December 2023, Cedar is engaging with 25 million patients on an annualized basis, and is on target to process $2.6 billion in patient payments annually. Cedar’s ambition is to serve 50-60 million Americans by 2025, about half of the U.S. population that makes medical payments annually. Cedar partners with more than 55 leading healthcare providers and payers including Highmark Inc., Allegheny Health Network, Novant Health, Allina Health and Providence.