Payroll Manager

Job Description

Job Description

At Vericel Corporation, we are pioneers in advanced cell therapies for sports medicine and severe burn care, transforming patient lives through cutting-edge regenerative medicine. Our commitment to innovation, patient-centered focus, and scientific excellence drives us to develop groundbreaking treatments including MACI (knee cartilage repair), Epicel and Nexobrid (burn care).

Position Summary :

The Payroll Manager will oversee all aspects of Vericel’s payroll operations, ensuring accurate, compliant and timely processing for employees across multiple states. This role will drive process efficiency, governance, and continuous improvement while partnering with HR, Finance, Legal, and external vendors to ensure a seamless payroll experience for our employees. The Payroll Manager role will also assist in administering Vericel’s equity program contributing to a seamless employee experience. This position requires a high degree of accuracy, attention to detail, organization, and effective collaboration across departments. This is an exciting opportunity to join an organization where you can contribute immediately.

Schedule : This position is in-office from Monday – Thursday in our new Burlington, MA location, with flexibility to work remotely on Fridays.

Position Scope :

• Process bi-weekly payroll for exempt and non-exempt employees in multiple states.
• Ensure compliance with payroll tax laws in various jurisdictions.
• Update and review employee and payroll records in ADP system.
• Process commissions, bonuses, miscellaneous payments and employee deductions correctly.
• Process / manage equity related transactions with stock administration vendor.
• Prepare restricted stock vesting and tax withholding releases.
• Ensure proper tax treatment for stock options, restricted stock and ESPP transactions.
• Manage and strengthen integrations between payroll software, equity and benefits.
• Prepare journal entries and account reconciliations for payroll related items.
• Filing of applicable regulatory forms for matters related to payroll.
• Conduct research on payroll-related issues and provide clear and concise responses.
• Generate, provide analysis and maintain payroll-related reports.
• Communicate with employees at all levels and departments regarding payroll / stock compensation matters.
• Maintain proper documentation in payroll folders.
• Prepare year-end reports and W-2 forms as needed.
• Maintain strong internal controls and audit readiness in compliance with SOX.
• Collaborate with HR to ensure accurate administration of leave programs, benefit deductions and other employee changes.
• Perform ad-hoc projects and other assigned duties.

Qualifications :

Preferred Qualifications :

Why Vericel?

The salary range Vericel reasonably and in good faith expects to pay for this position at the time of this posting is $91,000 to $122,000 annually.

The actual title and salary offered will be determined based on factors such as the candidate’s qualifications, experience, and skills. Bonus, incentive pay, equity and benefits may be provided in addition to the base compensation listed above.

In accordance with Massachusetts law, Vericel provides the pay range that it reasonably and in good faith expects to pay for a particular and specific employment position at the time of posting or offer. This range is subject to change based on business needs, market conditions, and individual qualifications. Employees and applicants may request the pay range for their position or for a position to which they are applying. Retaliation for making such a request is strictly prohibited.

EEO Statement

All applicants will receive consideration for employment without regard to their race, color, religion, sex, national origin, sexual orientation, gender identity, or protected veteran status and will receive consideration for employment and will not be discriminated against on the basis of disability. Vericel Corporation is an Equal Opportunity / Affirmative Action Employer.

Vericel Corporation is VEVRAA federal contractor and desires priority referrals of protected veterans for job openings at all locations within the state.