---
title: 'Vice President, Payroll Administration at Future Standard'
canonical: 'https://feeny.ai/job/vice-president-payroll-administration-future-standard-philadelphia-jkk5dye0erfs'
type: 'job'
last_seen: '2026-10-15'
---

# Vice President, Payroll Administration at Future Standard

- **Company:** Future Standard
- **Location:** Philadelphia, PA
- **Posted:** 2026-09-28
- **Last confirmed live:** 2026-10-15
- **Apply:** https://job-boards.greenhouse.io/futurestandard/jobs/8853895002

## Job description

The Vice President, Payroll Administration leads the enterprise payroll function and is accountable for the accurate, timely, and compliant payment of all employees across the organization. The role owns end-to-end payroll operations, including processing, off-cycle filings, garnishments, and the general ledger interface into Corporate Accounting. It carries responsibility for the internal control environment over payroll and for the integrity of payroll data used in financial reporting.

Reporting into Accounting Operations, the Vice President partners closely with Human Resources, Treasury, Tax, Financial Systems, and Internal/External Audit. The successful candidate combines deep technical payroll expertise with the judgment to modernize processes, strengthen controls, and lead a distributed team through periods of growth and system change.

THE SUCCESSFUL CANDIDATE IS EXPECTED TO:

Payroll Operations

- Own the full payroll cycle for all pay groups, ensuring every payroll is processed accurately and released on schedule.
- Partner with in-country providers and local finance teams to administer international payroll across multiple countries and currencies.
- Direct off-cycle payments, retroactive adjustments, bonus and commission runs, severance, relocation, and equity-related payroll events.
- Establish and monitor service levels for payroll inquiries, escalations, and case resolution across the employee population.
- Lead, develop, and retain the payroll team, setting clear objectives, cross-training for continuity, and a succession plan for critical roles.
- Maintain a documented control environment over payroll, including segregation of duties, approval thresholds, and evidence sufficient to satisfy internal and external audit.
- Ensure compliance with federal, state, and local wage and hour law, multi-state and multi-jurisdiction tax withholding, garnishment orders, and applicable reporting obligations.
- Own payroll tax registrations, deposits, quarterly and annual filings, and monthly/quarterly/year-end reporting, including W-2 issuance and amendments.
- Deliver the payroll general ledger interface, accruals, and account reconciliations to Accounting Operations within the monthly and quarterly close calendar.
- Support system automation with benefit providers. (HealthEquity Partners, Fidelity, etc.)
- Own the annual workers’ compensation audit.
- Internal payroll reporting as requested
- Calculate and record monthly payroll allocations.
- Calculate and record monthly bonus accruals.

401(k) Plan Administration

- Own day-to-day administration of the company 401(k) plan in partnership with Human Resources and the plan recordkeeper, including enrollment, deferral, and loan data flowing from payroll.
- Calculate and validate employer match and any non-elective contributions, including the annual true-up, and confirm each calculation agrees to the plan document and eligible compensation definition.
- Record and support the monthly and year-end accruals for employer match, reconcile the related liability accounts, and explain movements to Corporate Accounting as part of the close.
- Lead the annual 401(k) plan audit and Form 5500 process, preparing census and payroll data, coordinating requests from the external audit team, and resolving findings ahead of filing deadlines.
- Support annual compliance testing and contribution limit monitoring, and remediate operational errors, including missed deferrals and corrective contributions, under established correction procedures.

Systems and Process Improvement

- Partner with Financial Systems and Human Resources on the payroll and time-capture platform roadmap, including upgrades, integrations, and testing of configuration changes.
- Identify and eliminate manual effort through automation, standardized calendars, and improved data quality at the point of entry.

## QUALIFICATIONS:

- Bachelor's degree in accounting, finance, human resources, or a related field.
- Twelve or more years of progressive payroll experience, including at least five years leading a payroll organization in a multi-state environment.
- Demonstrated command of payroll tax, wage and hour regulation, garnishment administration, and year-end reporting requirements.
- Hands-on experience with an enterprise payroll and time platform, and comfort working alongside systems teams on configuration, testing, and integrations.
- Working knowledge of payroll accounting, including accruals, reconciliations, and the payroll entries that flow into financial statements.
- Experience leading a payroll system implementation, conversion or share-services transition preferred.
- Exposure to international payroll and equity compensation reporting preferred.
- Experience with Ceridian Dayforce preferred.

Future Standard is a global alternative asset manager serving institutional and private wealth clients, investing across private equity, credit, real estate and infrastructure. With a 30+ year track record of value creation and $94 billion in assets under management, we back the business owners and financial sponsors that drive growth and innovation across the middle market, transforming untapped potential into durable value.

Total AUM estimated as of June 30, 2026.

Future Standard is an Equal Opportunity Employer.

Future Standard does not accept unsolicited resumes from recruiters or search firms. Any resume or referral submitted in the absence of a signed agreement is property of Future Standard and no fee will be paid.

## About Future Standard

## Company Overview
- **One-liner**: Future Standard is a global alternative asset manager that provides investment solutions across private equity, credit, infrastructure and real estate, primarily focusing on the U.S. middle market.
- **Entity Type**: Private (the firm was created through the combination of FS Investments and Portfolio Advisors)
- **Headquarters**: Darien, Connecticut, United States (primary office; also has offices in New York, Bangalore, Zurich, and 10 other global locations)
- **Founded**: Year not publicly disclosed (the combined firm brings together over 30 years of private markets experience under the Future Standard brand)
- **Founders**: Not publicly available (the firm is the result of a merger between FS Investments and Portfolio Advisors)

## Core Business
- **Primary industry**: Financial Services – Alternative Asset Management
- **Target customers**: Institutional clients (pension funds, endowments, foundations) and private wealth clients (B2B and B2C)
- **Mission or purpose statement**: “We challenge convention to uncover what others overlook. With a focus on the U.S. middle market built on specialized expertise and trusted relationships, we’re uniquely positioned to solve complex investment needs.”

## Products & Services
- **Private Equity**: Direct, secondary and primary investments across buyout, venture capital, growth equity and special situations. Focus on middle-market sponsors.
- **Credit**: Tailored financing solutions spanning senior, junior, opportunistic and liquid credit, and credit secondaries. Emphasizes capital preservation.
- **Infrastructure**: Flexible capital for U.S. middle market companies building, managing and securing digital infrastructure (secular tailwinds like data centers, fiber, etc.).
- **Real Estate**: Debt and equity capital solutions for commercial real estate sponsors and borrowers, leveraging over 20 years of experience.
- **Multi-Asset**: Dynamic alternative strategies across equities, credit, commodities and currencies, including direct hedge fund strategies and multi-strategy funds (e.g., FS Multi-Strategy Alternatives Fund, FS MVP, FS Credit Income Fund, FS Credit Opportunities Corp., FS KKR Capital Corp.).

## Market Standing
- **Valuation/Market Cap**: Not disclosed (private firm)
- **Key Metric**: **$94 billion** in assets under management (AUM) as of March 31, 2026
- **Notable Investors/Partners**: The firm serves both institutional and wealth clients; partner relationships include leading financial sponsors and operators in the middle market. (Specific investor names not publicly listed.)
- **Growth Signals**:
  - 14 offices globally (Darien, New York, Bangalore, Zurich, and others)
  - 30+ years of combined leadership in private markets
  - Recent AUM milestone of $94B
  - Active hiring across multiple functions (investments, operations, technology)

## Competitive Advantages
- **Deep middle-market specialization**: Focused on the U.S. middle market, a segment often overlooked by larger asset managers, allowing differentiated deal sourcing and sponsor relationships.
- **Integrated platform**: Combines direct investing (private equity, credit, real estate) with fund-of-funds and secondary capabilities, offering clients a single entry point to multiple private asset classes.
- **Scale and track record**: $94B in AUM and three decades of experience provide credibility, sponsor connectivity, and the ability to innovate (e.g., multi-strategy funds, liquid credit vehicles).
- **Innovation-driven culture**: Entrepreneurial mindset with a stated commitment to challenging convention and adapting to evolving markets.

## Strategic Focus
- **Expand access to alternative investments** for both institutional and wealth clients by launching new fund vehicles and solutions.
- **Continue growing digital infrastructure** (infrastructure platform) as a key secular trend.
- **Deepen sponsor relationships** and co-investment opportunities in the middle market.
- **Invest in technology and talent** to improve operational efficiency, client service, and investment performance (hiring for roles in engineering, HR tech, process intelligence, etc.).

## Why Work Here
- **Culture**: Collaborative, inclusive, and nimble. The firm emphasizes “sustainable high performance” and empowers employees to be leaders regardless of role. Employee Resource Groups (ERGs) foster diversity and belonging.
- **Professional development**: Cross-functional training, internal/external development opportunities, and career mobility across the firm. The company supports long-term career growth.
- **Work environment**: Hybrid/office model with locations in Darien (CT), New York City, Bangalore (India), and Zurich (Switzerland). Roles span investments, operations, technology, and administration.
- **Perks and values-driven**:
  - Paid volunteer days and charitable giving matching
  - Board training and placement opportunities
  - Focus on innovation and giving back to communities (Future Standard Foundation)
- **Engineering/tech culture**: Dedicated technology roles (e.g., VP Engineering – HR Technology) and Process Intelligence positions indicate a growing emphasis on data, automation, and digital tools.

## Sources
1. [futurestandard.com – Overview](https://www.futurestandard.com/)
2. [futurestandard.com – Who We Are](https://www.futurestandard.com/who-we-are)
3. [futurestandard.com – Careers](https://www.futurestandard.com/careers)
4. [futurestandard.com – Job Opportunities](https://www.futurestandard.com/careers/job-opportunities)
5. [greenhouse.io – Future Standard Jobs](http://job-boards.greenhouse.io/futurestandard)

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