About

• Ocular Therapeutix, Inc. (NASDAQ:OCUL) is a biopharmaceutical company focused on the formulation, development, and commercialization of innovative therapies for diseases and conditions of the eye using its proprietary bioresorbable hydrogel-based formulation technology, ELUTYX™. Ocular Therapeutix has built a robust product pipeline of drug delivery solutions developed to reduce the complexity and burden of the current standard of care and position itself to become a leader in the ophthalmic space.

• Outside of the ophthalmic realm and behind the doors of our headquarters in Bedford, MA, we strive to build a strong culture where employees can flourish and achieve their career goals. We encourage out of the box thinking, cross-functional collaboration, and creativity.

Position Summary

• The Director Payroll and Equity will manage and execute on all aspects of the processing of our constantly growing U.S. domestic multi-state payroll (+280 employees) and the administration of equity (stock options, restricted stock units, employee stock purchase plan (“ESPP”), etc.) that was and will be granted to our U.S. domestic employees. The position will report to the Corporate Controller and serve as a strong business partner to the HR and Legal teams.
• The Director Payroll and Equity is expected to provide excellent “customer service” to our employees and serve as the first of contact for any pay or equity-related questions and build out best in class process to manage equity administration, ESPP and payroll and benefits for a rapidly growing company.
• This individual will partner with HR to assure the timely calculation and administration of all incentive compensation, equity and benefit changes. This is the opportunity for an experienced Payroll and Equity leader to build out a team to support rapid expansion.

Principal Duties and Responsibilities include the following

Principal Duties and Responsibilities include the following

• Own end-to-end processing of multi-state payrolls for salaried employees (semi-monthly) and hourly employees (bi-weekly) using ADP Workforce Now
• Ensure compliance with federal, state, and local payroll, wage, and hour laws and best practices
• Review and audit payroll data for accuracy, including compensation changes, bonuses, deductions, and terminations
• Respond to payroll- and equity-related inquiries from our employees and resolve issues in a timely and professional manner
• Prepare and review payroll reports, filings, and year-end forms (W-2s, 941s, etc.)
• Ensure compliance with all federal, state and local reporting requirements
• Assist with payroll, benefits, or workers’ compensation audits
• Prepare customized reports using the ADP Workforce Now platform to support financial accounting and financial planning
• Partner with HR and Legal on a variety of employee- and compensation-related matters and support calculation of equity and incentive compensation
• Manage day-to-day equity administration, including the processing of grants, exercises, vesting, and terminations, in the Company’s equity management platform Shareworks
• Maintain accurate equity records and ensure data integrity across payroll, Shareworks, and HR records
• Coordinate with Legal and Finance on equity approvals, board consents, and compliance with equity plans
• Reconcile equity transactions with the general ledger and assist in financial reporting related to stock-based compensation under U.S. GAAP (ASC 718)
• Assist with year-end reporting, including 3921 filings and ESPP-related documents

Qualification Requirements

• Bachelor’s degree in Accounting, Finance, HR, or related field, CPP and/or CEP preferred
• A minimum of 10 years of progressive experience in payroll and equity administration, with at least 3 years in a combined role, at least 5 years of experience with a public company is strongly preferred, ideally in the pharmaceutical, biotech, or life sciences industry
• Strong understanding of U.S. payroll regulations at the level of federal and states (including, but not limited to, MA, NY, NJ, PA, OH, TX, CA), equity compensation, and tax implications
• Experience at a commercial stage company supporting sales force expansion is a plus
• Proficient in payroll systems, ideally ADP Workforce Now, and equity platforms, ideally Shareworks
• General knowledge of stock-based compensation accounting (ASC 718)
• Demonstrated team member who shows model collaborative behavior, ability to interact and communicate openly and effectively with the internal team, external partners, as well as work independently
• Exceptional attention to detail and excellent organizational skills
• Ability to thrive in a dynamic and fast-paced environment
• A dynamic self-starter with a positive attitude
• Ability to handle confidential information in a professional manner
• Computer literacy, proficiency in MS Office
• Ocular Therapeutix is an Equal Opportunity Employer and complies with all applicable federal, state, and local laws regarding nondiscrimination. Ocular Therapeutix provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, or status as a veteran. For information on how Ocular Therapeutix collects, stores, and utilizes candidate information please see our privacy policy found at https://www.ocutx.com/privacy-policy/. For the Privacy Notice for California Job Applicants, please see CCPA Applicant Notice.