Manager, Payroll & Benefits Accounting

Manager, Payroll & Benefits Accounting

Location: Virginia Beach, VA (on-site)

Department: Finance

Job Type: Full-Time

Clinical Classification: Non-clinical

Shift: 8:15 a.m.- 5:00 p.m. (ET)

LifeNet Health is searching for talented individuals who will embrace our mission of saving lives, restoring health, and giving hope.

LifeNet Health, headquartered in Virginia Beach, Virginia, is the largest nonprofit organ procurement organization (“OPO”) and tissue processor in the United States, as well as a leading innovator in tissue engineering and regenerative medicine. Our goal is to improve the quality of human life through the provision of organs, tissues, and cells for transplantation; to provide innovation in the fields of bio-implants, regenerative medicine and research; and, to serve the community with educational and support services that enhance the donation process.  LifeNet Health has over 1200 employees and has a growing global presence.

How you will contribute to LifeNet Health’s success:

The Manager, Payroll & Benefits Accounting  is responsible for overseeing all aspects of payroll processing, payroll accounting, and employee benefit accounting. Ensures the accurate and timely payment of wages and incentive compensation, compliance with federal and state regulations and internal policies, proper accounting for payroll and benefits transactions, and efficient coordination with internal teams and third-party providers. The manager plays a critical role in financial reporting, audit readiness, and adherence to internal controls through effective collaboration with internal departments and third-party providers. Manages one direct report.

What you’ll do:

• Payroll Management: Manages end-to-end processing and auditing of the bi-weekly and off-cycle payroll process for employees nationwide, ensuring timely and accurate calculation of wages, withholdings, deductions, and labor cost allocation to the general ledger. Leads and directs the day-to-day tasks and responsibilities of Sr. Payroll Specialist ensuring consistency in work processes, accurate and timely completion of payroll tasks, and talent development. Acts as primary business owner for payroll processing solution to ensure system configuration aligns with company policies, federal and state regulations and payroll best practices. Maintains and oversees the accuracy of payroll system configuration, including data tables related to tax withholdings, overtime rules, time-off accruals, benefit contributions and deduction calculations. Identifies and investigates payroll discrepancies, performs root cause analysis and partners with internal stakeholders to resolve issues in a timely and compliant manner. Delivers exceptional customer service support to internal and external stakeholders, including employees, department managers, auditors and vendors. Prepares and distributes detailed and summary reports on payroll activity to meet departmental, financial, and executive reporting needs – both routinely and on an Ad hoc basis. Leads and participates in payroll-related projects, including system upgrades, process improvements, compliance audits, and implementation of new tools or features to enhance payroll efficiency and accuracy.
• Benefit Accounting: Collaborates with HR and Finance to manage employee incentive and merit compensation processes. Contributes to accurate financial reporting through budgeting and forecasting of payroll expenses, benefit costs, and employer contributions. Supports the administration of employee retirement plans by ensuring timely and accurate contributions and assisting with compliance testing. Facilitates employee benefit plan audits by preparing schedules, responding to auditor requests, and ensuring timely and complete documentation. Ensure the accuracy of benefit-related expenses and accruals through regular analysis and reconciliation in accordance with GAAP.
• Compliance: Maintains up-to-date knowledge of local, state, and federal payroll tax and benefit regulations, including IRS, Department of Labor (DOL) and ERISA requirements, to ensure full compliance with all applicable laws, regulations and policies. Oversees the accurate and timely execution of required filings, including quarterly and annual payroll tax filings. Coordinates and prepares supporting s