Associate, Payroll Operations

Vestwell is the financial technology company powering the new savings economy. The New York City-based fintech platform redefines how people save for the critical aspects of life across retirement education and healthcare savings needs. Today Vestwell enables over 350000 businesses and nearly 1.5 Million active savers with over $30 billion in assets saved across all 50 United States.

Vestwell offers a range of products including workplace-delivered retirement plans employer-offered student loan repayment benefits and various savings accounts for education emergencies and individuals with disabilities.

Vestwells platform serves a diverse clientele including financial advisers employers third-party administrators financial institutions payroll providers government agencies and individual savers. To learn more

Vestwell is expanding and were excited about growing our Operations team with entry-level Operations Associates who are passionate about our mission to change the retirement Fin-Tech space. At a high level were looking for someone who has insane levels of attention to detail and proven ability of juggling multiple priorities at once. You will be key to powering transactions on the platform and ensuring it runs at full speed while exercising independent judgment in resolving complex high-impact operational issues that directly affect client outcomes and regulatory compliance.

Were a startup so a self-starter mentality comes first and foremost. You are someone who will dive into whatever challenge is placed in front of you and find creative ways to solve problems by evaluating multiple courses of action and determining appropriate resolution paths within established operational and regulatory frameworks.

Role Scope

This role regularly exercises independent judgment on matters of significance that materially affect payroll accuracy participant eligibility deferrals data integrity and client outcomes. While operating within established operational regulatory and ERISA-related frameworks the Operations Associate is responsible for independently identifying investigating and resolving complex high-priority issues; evaluating multiple potential courses of action; assessing risk urgency and business impact; and determining appropriate remediation and escalation paths. The role requires discretion in how policies and standards are applied to fact-specific situations how work is prioritized and communicated and how resolutions are driven to completion including through direct interaction with internal partners and external stakeholders. Although decisions and recommendations may be subject to review and do not include unilateral policy-setting authority the consistent and recurring exercise of judgment is a central and essential function of the role and directly supports Vestwells compliance obligations operational continuity and client experience.

What Will You Be Doing

• Youre flexible creative team-oriented and results-driven exercising independent judgment within established guidelines while collaborating effectively with both internal and external stakeholders on matters that materially impact payroll accuracy participant eligibility deferrals and overall data integrity.
• Develop and maintain internal and client-facing knowledge bases; independently identify opportunities for incremental process improvements and raise recommendations through appropriate channels based on investigative analysis trend identification and assessment of operational risk and efficiency.
• Support and guide team members by monitoring workload volume exercising discretion in day-to-day prioritization and ensuring timely and accurate remediation of a high volume of complex operational issues in accordance with established standards including determining urgency client impact and appropriate escalation paths.
• Collaborate with teams across the Vestwell organization to surface operational insights document trends and contribute input on platform enhancements and procedural efficiencies informed by firsthand analysis of recurring issues and fact-specific operational scenarios.
• Maximize team efficiency through timely completion of assigned tasks and projects using independent judgment to triage sort and assign incoming work across platforms based on urgency and service-level expectations rather than applying predefined or rote outcomes .
• Identify investigate and resolve discrepancies in high-priority payroll deferrals eligibility and related activities by applying established processes and exercising discretion in analysis escalation and resolution to ensure data accuracy and compliance with ERISA and related regulatory requirements as applied to specific factual situations.

The Necessities

• Strong Excel proficiency (e.g. pivot tables VLOOKUPs) to analyze data and support operational decision-making within defined parameters including evaluating risk prioritization and remediation options.
• Comfort working in a start-up environment with autonomy over task execution and prioritization while operating within established policies and procedures that require judgment in interpretation and application rather than mechanical execution.
• Exceptional analytical and detail-oriented aptitude; a high degree of accuracy and sound judgment is required as the role regularly affects compliance outcomes client experience and operational continuity.
• Ability to manage time effectively balance competing priorities and meet deadlines with minimal supervision while independently determining sequencing and urgency of work.
• Strong verbal and written communication skills to clearly document findings explain recommendations and escalate issues appropriately based on assessed risk complexity and business impact.
• Problem-solving skills including the ability to research analyze and apply judgment to determine appropriate next steps or escalation paths recognizing that decisions may be subject to review but require meaningful discretion.
• Bachelors degree or equivalent combination of formal education and work experience.
• 1 year of relevant experience in Financial Services Operations or SaaS industries.

The Extras

• Payroll system experience
• Proficiency with productivity tools especially JIRA
• Retirement industry experience including exposure to ERISA-governed processes or regulated operational environments

This role will be based in either the New York City Austin King of Prussia or Phoenix office and will be part of Vestwells hybrid in-office operation.

The expected base salary range for this position is $60K - $72K base. This position is eligible to participate in the Company Bonus Pool and is eligible to receive new hire equity in the Company. Please note that salary bands are based on NY and other similar metro areas and may differ based on where the role is ultimately hired.

OUR BENEFITS

Were an innovative high-growth company with lots of exciting milestones ahead. We value health and wellness at Vestwell and in addition to a dedicated Employee Wellbeing Committee we offer competitive health coverage and generous vacation offering. We have adopted a hybrid office policy but all employees are welcome at our bright comfortable office with many workspace options in our Midtown Manhattan Austin King of Prussia and Phoenix offices so everyone has a setting that is the most productive for them. Oh and naturally we have a great 401(k) plan!

OUR PROCESS

It starts the same for every candidate: getting to know the team members through 1-2 conversations about Vestwell your experience and your interests. Next steps can vary by role but the usual next steps are a skill or experience screen (e.g. a coding interview for an Engineer a portfolio review for a Designer deeper experience call for other roles) which leads to a virtual or in-person interview panel after that if the screens go well.Before making an offer our interview process concludes with a references check stage for your recruiter to meet with a current or former supervisor and peer.We prioritize transparency and lack of surprise throughout the process.

For your awareness you will only receive correspondence from any other domain not ending not our Recruitment team.

VestwellsPrivacy Policy.Attention California residents: In the course of conducting our business and complying with federal state and local government regulations governing such matters as employment tax insurance etc. we must collect Personal Information from you. Should you accept employment with Vestwell you may view our California Privacy Rights Act here:Vestwells California Privacy Rights Policy.