Manager of Payroll and Stock Administration

G&A · South San Francisco, California
Department G&A
Employment Type Full-Time

The Opportunity

At insitro, we are combining human biology at scale and machine learning to discover and develop new therapeutics. The heart of our strategy is to produce large data sets that will drive machine learning and yield key biological insights. This strategy requires a seamless, robust, and effective operation that simultaneously spans internal and partnered projects.


Reporting to the Head of Financials Operations, we are seeking an experienced, hands-on, detail-oriented and customer service oriented payroll and stock administration professional to join our growing team.  As the first hire in this role, you will be accountable for all payroll and stock administration activities, including and not limited to: evaluating and implementing a new payroll system, processing payroll twice a month for exempt and nonexempt employees, ensuring timely filing of all quarterly and annual tax forms, recording all payroll activity in the general ledger, maintaining timely and accurate stock administration transactions, and reviewing and approving employee expense reports.   The successful candidate will partner with the Accounting & Finance Team and regularly interact with HR while supporting all departments in the Company.  Further, you will help implement “best in class” payroll policies and tools to streamline and support our rapid company growth.  


Your primary duties will be:

Payroll

  • Prepare and process semi-monthly, multi-state payroll for exempt and nonexempt employees on a timely basis 
  • Partner with HR to ensure all payroll and elected benefit additions and changes are accurately calculated and timely processed  
  • Manage the time-tracking system to ensure timesheets are accurate, submitted and approved timely
  • Maintain the 401K program and ensure timely transaction of election changes and processing of payment each pay period
  • Ensure payroll is compliant with all current federal and state laws
  • Process payroll tax credits as applicable
  • Record all payroll journal entries and prepare reconciliations 
  • Calculate and prepare bonus accrual and bonus payout journal entries and reconciliations
  • Ensure proper reporting on quarterly Form 941s 
  • Prepare and ensure timely distribution of annual W-2s
  • Assist with all payroll related audits including workers' compensation, 401K and financial
  • Support payroll system implementation requirements, workflow design, user acceptance testing, training, go-live execution
  • Assist with implementing and maintaining payroll policies and procedures
  • Train employees on payroll and payroll related systems as needed
  • Partner with Accounting and Finance Team on close process and audit preparation  
  • When applicable, hire and mentor a team to support company growth
  • Participate in special projects and perform other related duties as assigned


Stock Administration

  • Ensure timely entry and accuracy of all stock administration activity (grants, exercise, cancellations)
  • Record stock transactions in payroll as needed
  • Prepare annual Form 3921s and 1099 for stock option exercises if applicable


Expense Reports

  • Ensure new users or changes are properly updated in Oracle Cloud Expense module
  • Audit employee expense reports against Company Travel and Expense Policy
  • Train employees on expense reporting system as needed


You will be joining an exciting biotech startup that has long-term stability due to significant funding, yet is very much in formation. A lot can change in this early and exciting phase, providing many opportunities for significant impact across several functions and disciplines. You will work closely with a very talented team, learn a broad range of skills, and help shape insitro’s culture, strategic direction, and outcomes. Join us in leading the way to better medicines through predictive models by integrating machine learning and biology at scale.


About You

  • Bachelor degree in Business, Finance, Accounting or related field  
  • 5+ years of relevant work experience preferably in biotech or technology
  • Certified Payroll Professional preferred
  • Full cycle payroll experience required
  • Experience with Oracle Cloud preferred
  • Experience using ADP or similar payroll system 
  • Experience using Carta or similar equity administration system
  • Excellent customer service skills internally and externally
  • Sensitivity with confidential information
  • Strong Excel skills and ability to work in G-Suite
  • Organized and strong attention to detail with an ability to simultaneously research discrepancies and solve problems
  • Effective communicator with good verbal and written communication skills
  • Excellent project management skills and the ability to collaborate with cross-functional leaders and team members at all levels
  • Excellent teamwork and collaboration with others
  • Ability to work independently with general direction and guidance 
  • Ability to prioritize and multitask in an ever changing environment
  • Passion for making a difference in the world


Benefits at insitro

  • Excellent medical, dental, and vision coverage
  • Open vacation policy
  • Free breakfast, lunch, and onsite barista; fully stocked micro-kitchen with free snacks and drinks 
  • Commuter benefits
  • Paid parental leave

 

About insitro

insitro is a data-driven drug discovery and development company using machine learning and high-throughput biology to transform the way that drugs are discovered and delivered to patients. The company is applying state-of-the-art technologies from bioengineering to create massive data sets that enable the power of modern machine learning methods to be brought to bear on key bottlenecks in pharmaceutical R&D. The resulting predictive models are used to accelerate target selection, to design and develop effective therapeutics, and to inform clinical strategy. insitro was launched in 2018 with a Series A of $100M funded by top investors including a16z, Arch Venture Partners, Foresite Capital, GV, and Third Rock Ventures.

The company has announced collaborations with Gilead Sciences in the area of NASH (2019) and Bristol Myers Squibb in the area of ALS (2020) and, in mid 2020, completed a Series B financing of $143M including current investors and new investors Canada Pension Plan Investment Board (CPP Investments), T. Rowe Price, BlackRock, Casdin Capital and other leading investors. The company is located in South San Francisco, CA. For more information about insitro, please visit the company’s website at www.insitro.com 

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  • Location
    South San Francisco, California
  • Department
    G&A
  • Employment Type
    Full-Time