Payroll Specialist at Niron Magnetics

Niron Magnetics is commercializing the first new magnetic material in decades powered by its breakthrough material formulation and advanced manufacturing process. The companys proprietary magnet technology based on Iron Nitride enables magnets that are inherently high magnetization free of rare earths and other critical materials and solve supply chain reliability challenges will drive innovation in various industries. Headquartered in Minneapolis MN Niron Magnetics is comprised of a team of professionals with a desire to make a positive impact on the global community. We were named one of Americas Top GreenTech Companies for 2024 and 2025 by TIME Magazine and the Innovation of the Year at the 2025 mHUB Fourth Revolution Awards.Our team is made up of people who think big dare to innovate and strive to impact the planet through technological innovation for our customers. Ready to work alongside amazing people solve complex problems and leave a legacy Join our team.About the RoleWere looking for a Payroll Specialist who is energized by details enjoys solving payroll puzzles and takes pride in accuracy. This person will play a key role in building and supporting our first fully in-house payroll function. Its an opportunity to help shape the foundation of a scalable payroll operation during a period of exciting company growth. If you enjoy a blend of reliable processes meaningful problem-solving and teamwork in a fast-paced environment this role may be exactly what youve been looking for.What youll do: Payroll ProcessingProcess accurate timely payroll for exempt non-exempt and shift-based employees.Validate timecards hours worked shift differentials and project/labor allocations.Maintain and update pay data and earning/deduction codes in payroll system.Perform pre-payroll and post-payroll audits to ensure accuracy and resolve discrepancies quickly.Provide clear responsive support for employee and manager payroll questions.Payroll ComplianceEnsure payroll processes follow federal state and local wage & hour laws (FLSA ESST MN PFML overtime requirements etc.).Monitor changing regulations and help implement required updates to policies systems and workflows.Maintain internal controls around payroll accuracy audit trails and documentation of changes.Support internal and external audits such as workers compensation audits financial audits and grant-related reviews.Payroll Tax RegistrationManage multi-state payroll tax registrations including SUI withholding and local tax setup.Maintain agency accounts tax IDs rate updates and electronic filing credentials.Partner with Finance to review quarterly and annual payroll tax filings and resolve notices or variances.Monitor tax compliance requirements and ensure that state and local obligations are met on schedule.Benefits AdministrationAudit and validate benefit enrollments changes and terminations in Ben Admin System.Reconcile payroll deductions against monthly insurance carrier invoices.Ensure accurate payroll deductions and employer contributions for medical dental vision PFML HSA/FSA and other benefit programs.Review and validate 401(k) contributions employer match and eligibility each pay cycle.Perform periodic audits to ensure contributions vesting and compensation definitions align with plan rules.Support year-end 401(k) compliance processes including census reporting and nondiscrimination testing.You might be a great fit if you are:Detail-oriented organized and energized by accuracy.A clear communicator who explains payroll concepts in a friendly helpful way.A problem-solver who enjoys understanding how systems fit together.Someone who thrives in a fast-growing evolving environment.A trusted partner who handles confidential information with care.Preferred Experience:5 years of payroll experience ideally multi-state.Experience with benefit audits 401(k) administration and payroll tax registrations.Familiarity with Rippling or other modern HRIS/payroll systems.Strong Excel skills for audits reporting and reconciliations.Our pay and benefitsSalary: $85000 - $115000 annually depending on education experience and skillsEquity position in Niron via stock option grantComprehensive medical dental and vision insuranceMental healthcare benefits401k plan with 6% company matchPaid time off to take time for what you need in lifeExperience in a fun high-performing manufacturing environment set to change the worldRequired Experience:IC Key Skills Data Entry,Paychex,QuickBooks,Accounting,10 Key Calculator,Paylocity,Microsoft Excel,Payroll,ADP,Administrative Experience,Human Resources,Bookkeeping Employment Type : Full-Time Experience: years Vacancy: 1 Yearly Salary Salary: 85000 - 115000