Mgr Finance Payroll

Requisition ID:  34732  

At Terumo Blood and Cell Technologies, our 8,000+ global associates proud to come to work each day, knowing that what we do impacts the lives of patients around the world. For Terumo, for Everyone, Everywhere.

We make medical devices and related products that are used to collect, separate, manufacture and process various components of blood and cells. With our innovative technologies and service offerings, we touch a patient’s life every second of every day and are committed to continuing to increase the number of patients we serve. Advancing healthcare with heart.

With some of the best and brightest minds in the industry, an unmatched global footprint, comprehensive benefits and a distinct culture, Terumo Blood and Cell Technologies is a great place to work, grow and be part of a team that is focused on making a difference. Join us and help shape wherever we go next. You create your future and ours.

JOB SUMMARY

The Payroll Manager plays a key role in overseeing the end-to-end payroll process of the company's North America entities, which includes manufacturing facilities, R&D, global corporate headquarters, and commercial operations.  This role ensures accurate, timely, and compliant payroll processing and reporting across two countries, multiple pay structures and regulatory environments.  The Payroll Manager is responsible for payroll governance, payroll vendor relationships, process optimization, and cross functional alignment with HR, Legal, Finance, IT, Operations, and Commercial organizations. This role will be responsible for setting priorities and performance of daily Payroll functions, while providing day-to-day management and leadership to Payroll team members.

ESSENTIAL DUTIES

• Manage full-cycle payroll processing for U.S. and Canada associates, ensuring accurate and timely processing in compliance with federal, state, and local regulations and company policies.
• Process complex and high-visibility transactions, including multi-state adjustments, bonus taxation, retroactive adjustments, and year-end tax reconciliations.
• Ensure recurring assignments are handled on a timely basis while contributing to special cross-functional projects and addressing unique challenges.
• Validate timekeeping records and resolve discrepancies.

• Audit payroll transactions to ensure accuracy and data integrity with our HRIS.

• Analyze complex payroll issues and develop effective solutions to include clear communications with associates and internal teams.
• Manage relationships with payroll vendors and service providers to ensure the payroll systems are efficient, operational, and properly maintained.

• Proactively identify areas for process improvement within payroll operations and implement solutions to automate and streamline processes, making them scalable and efficient while maintaining strong quality controls.
• Set up new state jurisdictions and ensure timely tax filings
• Lead quarterly and year-end payroll activities.
• Ensure timely filings with government agencies.

• Maintain strong internal controls, documentation, and standard operating procedures to ensure accuracy and data integrity with aligned systems (HRIS, time entry, etc.).

• Assist GL accountant with payroll reconciliations.
• Partner with cross-functional groups within the company (HR, Finance, Tax and People Operations) on global mobility and business activities to ensure payroll alignment

• Maintain audit readiness and support internal/external audits (e.g., DOL, OFCCP) to guarantee data integrity.

• Manage system implementations, integrations, acquisitions, and other payroll projects.
• Maintain complete understanding of all wage and hour laws, including garnishments, benefits, leave of absence, 401K/pension, and tax reporting.

• Prepare and distribute reports, statements, and summaries related to payroll activities.
• Respond to associate payroll inquiries with clarity and professionalism.

People Management Responsibilities:

• Lead, mentor, and develop payroll team members, fostering a culture of accuracy, accountability, and continuous improvement.
• Recruit and onboard new team members.

• Overseeing daily workflow of the department.

• Establish performance metrics and conduct timely evaluations.

MINIMUM QUALIFICATION REQUIREMENTS

Education

Bachelor's degree in Accounting, Finance, or relevant field. Or equivalent of education and experience sufficient to successfully perform the essential functions of the job may be considered.

Experience

• Minimum 8 years’ progressive payroll experience, with 4 of those years working as a payroll manager in a multi-state, multi-jurisdictional environment; Canadian payroll preferred
• Experience managing payroll for exempt/non-exempt workforce and managing time clock systems.
• Preferred experience managing payroll for a manufacturing entity with multiple shifts.
• 4+ years of ADP Workforce Now experience required.
• Success Factors HRIS experience preferred.
• Bullhorn timekeeping system or similar timekeeping system experience required.
• Proficient with Microsoft Excel.
• Attention to detail, strong numerical aptitude and ability to meet deadlines.
• Effective communication skills for interacting in writing and verbally with associates at all levels.
• Working knowledge of relevant State of Colorado and U.S. Federal labor laws and regulations, required.
• Working knowledge of relevant Canada and other U.S. State labor laws and regulations, preferred.
• Able to prioritize and multitask effectively.
• Must be able to retain/handle confidential information with integrity.
• In-depth knowledge of payroll processes, regulations, and compliance requirements
• Strong analytical skills with attention to detail.
• Excellent organizational and time management abilities.

Skills

• Expert in Federal and state tax withholding requirements, garnishment procedures, wage and hour laws, FLSA, Social Security, and Medicare withholding.
• Sound understanding of payroll accounting requirements and how they are recorded in the general ledger.
• Independent judgment, analytical thinking, and resourcefulness in the resolution of problems and completion of complex transactions.
• Demonstrated ability to manage deadlines, prioritize competing tasks, and maintain accuracy under pressure.
• Ability to navigate ambiguity and build scalable processes.
• Excellent communication and cross‑functional collaboration.
• Ability to carry out, interpret, and enforce existing payroll policies, methods, and procedures.
• Ability to develop methods and procedures relating to the payroll function.

Certificates, Licenses, Registrations

Certification such as CPP (Certified Payroll Professional) is a plus.

PHYSICAL REQUIREMENTS

Typical Office Environment requirements include reading, speaking, hearing, close vision, traverse, bending, sitting, and occasional lifting up to 20 pounds.

The physical demands described here are representative of those that must be met by an associate to successfully perform the essential duties of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

Additional Physical Requirements

Required to be on-site in the Lakewood, CO headquarters full time.

Target Pay Range:  $88,700.00 to $110,900.00  -  Salary to be determined by the education, experience, knowledge, skills, and abilities of the applicant, internal equity, and alignment with market data
Target Bonus on Base:  10.0%

At Terumo Blood and Cell Technologies, we provide competitive total reward offerings that consist of compensation, benefits, recognition, along with a wealth of other well-being, work-life and recognition programs which support in unlocking the potential for you and your family. Included in our expansive list of benefits offerings are multiple group medical, dental and vision plans, a robust wellness program, life insurance and disability coverages, also a variety of voluntary programs such as group accident, hospital indemnity, critical illness, pet insurance and much more. To help you save for retirement, we offer a 401(k) plan with a matching contribution and for work-life balance we have vacation and sick time programs for associates. For us, it’s about protecting the personal welfare of our associates and their families, helping to achieve personal goals and offering those extra touches for convenience, security and overall peace of mind.

• Terumo Blood and Cell Technologies is part of Terumo Group, founded in 1921 and headquartered in Tokyo, Japan.
• In 2024, Terumo Blood and Cell Technologies reached $1.5 billion in revenue.
• We employ nearly 8,000 associates globally, with global headquarters in Lakewood, CO, U.S., and regional headquarters in Brussels, Buenos Aires, Singapore and Tokyo.
• We manufacture devices, disposable sets and solutions at our facilities in Belgium, India, Japan, Northern Ireland, the U.S. and Vietnam. Our global presence enables us to serve customers in more than 130 countries.
• Our core values help set our direction, guide our actions and keep us true to our corporate mission of contributing to society through healthcare.
  • Respect – Appreciative of others
  • Integrity – Guided by our mission
  • Care – Empathetic to patients
  • Quality – Committed to excellence
  • Creativity – Striving for innovation
• We contribute to the Leukemia and Lymphoma Society (LLS), raising $2.4 million USD since 2025.

We are proud to be an Equal Opportunity Affirmative Action Employer.  All applicants will be afforded equal opportunity without discrimination because of race, color, religion, sex, gender identity or expression, sexual orientation, marital status, order of protection status, national origin or ancestry, citizenship status, age, physical or mental disability unrelated to ability, military status or an unfavorable discharge from military service.

Terumo Blood and Cell Technologies is committed to providing a safe, healthy and secure working environment. Our Colorado campus locations are tobacco-free workplaces, and we maintain a drug-free workplace and perform pre-employment substance abuse testing and detailed background verification.