Senior Payroll and Accounts Payable Specialist

Senior Payroll and Accounts Payable Specialist

POSITION SUMMARY

Vericel Corporation, a leader in advanced therapies for the sports medicine and severe burn care markets, has an exciting opportunity for a top performing Payroll professional looking to join and contribute to a commercial stage company with an established portfolio of unique advanced cell therapies and specialty biologics. Reporting directly to the Supervisor, Accounting at Vericel, this is a great opportunity to join a high growth company with a strong balance sheet supported by a talented team of professionals who are committed to improving the lives of the patients we serve.

The Senior Payroll and Accounts Payable Specialist reports to the Accounting Supervisor within the finance department and collaborate with internal colleagues, and external vendors to ensure the efficient and compliant processing of payroll and Accounts Payable.

This position requires a high degree of accuracy and attention to detail, organization, and effective collaboration across departments. This is an exciting opportunity to join an organization in a role where you can contribute immediately.

ESSENTIAL FUNCTIONS

Core Responsibilities:

Payroll

• 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
• Handle new hires, terminations, and compensation changes in ADP
• Process commissions, bonuses, miscellaneous payments and employee deductions correctly
• Process/manage equity related transactions in stock administration software
• 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
• Perform bi-weekly payroll reconciliation
• 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
• Assist finance team with year-end reports and W-2 forms as needed

Accounts Payable

• Process vendor invoices, ensuring accuracy and adherence to company policies and procedures
• Review and reconcile accounts payable transactions, statements, and balances
• Collaborate with internal departments to resolve invoice discrepancies and facilitate timely payment processing
• Prepare check packets, ACH and wire transfers in compliance with company policies and payment terms
• Identify and resolve AP issue’s and suggest appropriate corrective procedures
• Correspond with vendors and respond to inquiries in a timely manner
• Generate, provide analysis, and maintain accounts payable-related reports
• T&E Processing; expense report processing in adherence to the company’s policy, ensuring approvals and payout in a timely manner
• Manage the company’s credit card program in adherence to the company’s policy, which includes reviewing and approving new card applications, timely payment, and reconciliation
• Assist in month-end closing activities, including preparation of journal entries, accruals, and account reconciliations
• Ensure all work performed is SOX compliant
• Perform any other assigned duties

QUALIFICATIONS, EDUCATION AND EXPERIENCE

Basic Qualifications:

• Associate degree in accounting, Finance or business required
• 5+ years of payroll experience
• 3+ years of accounts payable experience
• Knowledge of payroll principles and best practices
• Knowledge of Federal, State & Local employment tax laws
• Experience with working under strict deadlines and delivering payrolls with a high degree of accuracy
• Intermediate Excel skills needed to perform majority of role functions
• Proficient with Microsoft Office
• Proficient with payroll software
• Strong problem solving and analytical skills
• Self-motivated
• Excellent organizational skills and the ability to manage multiple high-priorities in a fast-paced environment
• Clear and concise written and verbal communication skills
• Ability to work both independently and collaboratively with external and internal peers

Preferred Qualifications:

• Experience with ADP and Microsoft Dynamics Great Plains strongly preferred

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