Payroll Associate

Posted 12 Days Ago
Be an Early Applicant
Boston, MA, USA
In-Office
70K-80K Annually
Mid level
Financial Services
The Role
The Payroll Associate processes multi-state bi-weekly payrolls, manages payroll accounts, reconciles journal entries, and assists HR and Finance teams with projects and audits.
Summary Generated by Built In

BAIN CAPITAL OVERVIEW:

With approximately $215 billion of assets under management, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit, and Real Assets. Today, our team includes 1,985+ employees in 24 offices on four continents. 

We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.

Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes. 

POSITION

The individual will join Bain Capital, LP in Boston as part of an established Payroll team.  This position will be responsible for entering and processing payroll for over 1,000 US employees both exempt and non-exempt.  They will record items in the general ledger, reconcile payroll accounts monthly and assist the Finance and Human Resources teams with ad hoc projects as needed. 

KEY RESPONSIBILITIES

  • Process multi-state bi-weekly payrolls using ADP

  • Communicate with ADP on any payroll issues

  • Prepare manual off-cycle payments

  • Enter general ledgers and reconcile payroll journal entries in Workday

  • Manage miscellaneous items for payrolls, including fringe benefits and deductions

  • Maintain employee 401k elections

  • Reconcile monthly bank statements

  • Respond to employee payroll related questions and issues

  • Assist with payroll and corporate annual audits

  • Assist with payroll related projects for HR and finance teams

  • Perform ad hoc tasks as required

GENERAL QUALIFICATIONS

  • 3-5 years of payroll experience  

  • Experience with ADP, preferably WorkForce Now

  • Experience with Workday

  • Proficiency in Microsoft Office products (Excel, Outlook, Word)

  • Ability to operate in a complex, fast paced, multi-business unit environment

  • Strong communication skills, both verbal and written, with the capacity to interact with outside parties and personnel across all levels of the firm

  • A forward-thinking, organized individual

  • A team player who is eager to learn and work with others in a dynamic environment

  • self-motivated individual that is able to take initiative

  • Ability to prioritize responsibilities and work under deadlines

  • Meticulous attention to detail with a focus on high quality output

  • Capacity to discretely handle highly confidential and sensitive information

REQUIRED EDUCATION

  • Bachelor’s degree required, preferably in Finance or Accounting

Compensation:

Expected Annual Base Salary $70,000 – 80,000

Actual base salary will be determined by a wide range of factors including but not limited to role, function, level, experience, qualifications and geographic location. In addition to a competitive base salary, this position may be eligible for a discretionary annual bonus based upon factors such as individual impact, team and firm performance. Bain Capital offers a competitive benefits package designed to support employees’ health, financial security, family needs, and overall well-being.

Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.

Top Skills

Adp
Microsoft Office (Excel
Outlook
Word)
Workday
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The Company
HQ: Boston, MA
1,331 Employees
Year Founded: 1984

What We Do

Bain Capital is one of the world’s leading alternative investment firms. More than 1,200 Bain Capital employees work together at locations in Boston, Chicago, New York, San Francisco, Palo Alto, London, Dublin, Hong Kong, Shanghai, Guangzhou, Melbourne, Sydney, Madrid, Luxembourg, Munich, Mumbai, Seoul, and Tokyo to manage approximately $155 billion in assets. Founded in 1984, Bain Capital has advanced a consulting-based approach to investment. We develop close partnerships with management teams around the world, uncovering valuable insights that drive long-term value to businesses and markets. We have expanded this approach beyond private equity to several asset classes, including credit, fixed income, public equity, venture capital, and real estate. We’re dedicated to responsible business practices, and environmental, social, and governance (ESG) standards are critical considerations in our investment approach. We strive to create lasting impact for all stakeholders: our investors, our teams, our businesses, and the communities we’re a part of. We believe our shared values form the core of our competitive advantage: - We develop exceptional partnerships. We know great outcomes come from great teams. - We challenge conventional thinking. We think differently. We nurture a culture of deep objective inquiry and seek the full potential in every opportunity. - We work with tenacity. We roll up our sleeves, dig in, and come to work every day searching for better outcomes. - We believe character matters. We prize personal integrity and humility. Our team also supports a variety of charitable and nonprofit organizations by donating time, expertise and resources through the Bain Capital Community Partnership. Bain Capital Children's Charity, founded in 1996, has proven this by providing more than $55 million to 350 youth-related causes thanks to contributions from the firm’s employees and partners. Follow us for company news and updates.

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