Payroll Manager

About the role

Ocular Therapeutix, Inc. (NASDAQ:OCUL) is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye using its proprietary bioresorbable hydrogel-based formulation technology, ELUTYX™. The Payroll Manager will be responsible for the accurate and timely processing of multi-state payroll for approximately 320+ employees, supporting all aspects of payroll operations including salary, hourly, bonus, and equity-related compensation. This role requires strong attention to detail, a solid understanding of payroll compliance, and the ability to partner cross-functionally with HR, Finance, and external vendors.

Responsibilities

• Process and review semi-monthly (salary) and bi-weekly (hourly) multi-state payrolls for approximately 320+ employees using payroll system (e.g., ADP Workforce Now).
• Coordinate and process special payments (e.g., bonuses, equity, LOA).
• Coordinate and review monthly/quarterly reporting to governmental agencies (federal and state) as required by law.
• Support payroll processing related to equity compensation including stock awards, option exercises, and Employee Stock Purchase Plan (ESPP) transactions.
• Collaborate with HR to ensure smooth execution of onboarding, offboarding, and overall maintenance of employee compensation, including PTO support.
• Support payroll audits and internal controls by maintaining accurate documentation and reconciliation of payroll transactions.
• Administer the process of adding new employees, making changes to master data for existing employees, and terminating employees in the payroll system (ADP).
• Generate and analyze payroll reports using ADP Workforce Now to support Finance, HR, and audit requirements.
• Ensure compliance with federal, state, and local payroll regulations including wage and hour laws, tax reporting, and payroll recordkeeping.
• Assist in researching payroll issues, accruals, and account reconciliations.
• Assist with aspects of stock-based compensation, including the Employee Stock Purchase Plan.

Requirements

• 7-10+ years of payroll processing experience.
• Experience processing multi-state payroll in high-growth environments.
• Proficiency with ADP Workforce Now (preferred).
• Excellent attention to detail.
• Understanding of equity compensation payroll taxation (RSUs, ESPP, stock options) preferred.
• Exceptional mathematical and calculation skills.
• Strong verbal and written communication skills.
• Strong Microsoft Excel skills (e.g., VLOOKUP, SUMIFs, Pivots).
• Ability to partner with multi-disciplinary teams.
• Knowledge of payroll, garnishments, and benefits distribution.
• Multitasking abilities.
• Good research and analysis skills.

Pay

$125,000 USD - $135,000 USD