Payroll & Equity Specialist
Louisville, KY - USA
Job Summary
Infleqtion is a global quantum technology company solving the worlds most challenging problems. The company harnesses quantum mechanics to build and integrate quantum computers sensors and networks. From fundamental physics to leading-edge commercial products Infleqtion enables quantum everywhere through our ecosystem of devices and platforms. Our mission is to commercialize atom-based quantum products that provide orders-of-magnitude improvements in performance and computing applications.
Payroll& EquitySpecialist
Infleqtion is poised for significant growth after completing our transition to a publicly traded company (NYSE ticker symbol INFQ).We areseekinga dedicated and detail-oriented Payroll & Equity Speciliast to join our accounting team. This individual will play a key role in ensuringaccurateandtimelyfinancial reporting and supporting our transformation into a world-class public company.
The Payroll & Equity Specialistreports to the Payroll Manager andis responsible forstock-based compensation payroll transactionsincluding reconciling the stock-based transactions and reporting in the payroll filespayroll-related reconciliations andserving as a backup to the Payroll Manager forthe accurate and timely processing of multi-state payrollandpayroll tax role partners closely with Human Resources Finance Accounting Equity Administration and external payroll providers to ensure payroll is processedin accordance withcompany policies and federal state and international regulations. The Payroll Specialist will also administer and reconcile employee equity-related payroll events including stock option exercises restricted stock vesting employee stock sales and related tax withholding obligations for payroll reporting and Form W-2 preparation.
Key Responsibilities
Equity Compensation Payroll Administration
- Review and reconcile stock option exercises restricted stock vesting events RSU releases ESPP transactions and other equity compensation activities.
- Calculate andvalidatetaxable income associated with equity transactions.
- Reconcile reports from equity administration platforms JP Morgan Workplace Solutions to payroll records.
- Ensure proper payroll tax withholding for nonqualified stock option (NSO) exercises RSU vesting ESPP disqualifying dispositions and other taxable equity events.
- Coordinate with payroll providers brokers and finance teams to ensure equity transactions are accurately reflected in payroll.
- Reconcile shareswithheld fortaxes and cash remitted by brokers.
- Support accounting and reporting requirements related to stock-based compensation payroll transactions.
Payroll Reconciliations and Reporting
- Prepare andmaintainpayroll account reconciliations including:
- Payroll tax liabilities
- Wage and withholding accounts
- Benefit deductions
- Equity compensation payroll transactions
- Payroll clearing accounts
- Reconcile payroll general ledger accounts monthly.
- Investigate and resolve payroll variances and exceptions.
- AssistAccounting during month-end quarter-end and year-end close processes.
Serve as back-up to Payroll Manager gaining an understanding to perform the following tasks:
- Process bi-weekly payrolls accurately andtimely.
- Review payroll data for completeness and accuracy including earnings deductions taxes benefits and timekeeping information.
- Process off-cycle payrolls bonuses commissions severance payments and other special payroll transactions.
- Ensureaccuratefederal state and local tax withholding and reporting
- Assistwith year-end payroll activities including Forms W-2 W-2c
Requirements
- Bachelors degree in Accounting Business Administration Human Resources or related field preferred.
- Equivalentcombination of education and experience may be considered.
- 3-5 years of payroll administration experience.
- Experience processing multi-state payroll.
- Experience with payroll tax compliance and year-end reporting.
- Experience with publicly traded companiespreferred.
- Experience withUKG NetSuite and JP Morgan Workplace Solutions preferred.
Benefits
The targeted salary range for this role is $80000 to 120000 depending on experience plus eligibility toparticipatein our annual incentive addition to your base compensation we offer a generous Total Rewards program which includes:
- 100% company-paid employee coverage for Medical Dental Vision and Short/Long Term Disability insurance programs.
- Employer-funded Health Savings Account.
- Unlimited Paid Time Off.
- 401(k) safe harbor contribution.
- Company paid Life and AD&D Insurance.
- Flexible Savings Account.
- Paid FMLA Leave.
- Paid Maternity/Paternity Leave.
- Employer Assistance Program.
- Student Loan Repayment.
- Equity Opportunity
Notice to Recruitment Agencies:
Infleqtion does not accept unsolicited resumes from agencies. Infleqtion is not responsible for any fees related to unsolicited resumes.
Required Experience:
IC
About Company
ColdQuanta is looking for enthusiastic individuals to join our teams, here in beautiful Boulder, Colorado; Madison, Wisconsin; and Oxford, UK. We work in a dynamic and collaborative environment and value each person's contribution whether technical or administrative. Our employees ... View more