--- title: 'Vice President, Payroll Operations & Administration at Future Standard' canonical: 'https://feeny.ai/job/vice-president-payroll-operations-administration-future-standard-philadelphia-jkk5dye0erfs' type: 'job' last_seen: '2026-11-05' --- # Vice President, Payroll Operations & Administration at Future Standard - **Company:** Future Standard - **Location:** Philadelphia, PA - **Posted:** 2026-09-28 - **Last confirmed live:** 2026-11-05 - **Apply:** https://job-boards.greenhouse.io/futurestandard/jobs/8853895002 ## Job description ## About the job The Vice President, Payroll Operations & Administration leads the enterprise payroll function and is accountable for the accurate, timely and compliant administration of payroll across the organization. The role owns end-to-end U.S. payroll operations and oversees the coordination of international payroll through in-country providers and local teams. Responsibilities include payroll processing, off-cycle payments, payroll tax administration, garnishments, 401(k) administration, payroll accounting and the general ledger interface with Corporate Accounting. Reporting to Accounting Operations, the Vice President partners closely with Human Resources, Treasury, Tax, Financial Systems and Internal and External Audit. This leader will bring deep technical payroll expertise together with strong operational and financial discipline to strengthen controls, improve processes and lead the payroll function through continued growth, automation and system change. THE SUCCESSFUL CANDIDATE IS EXPECTED TO: Payroll Operations & Team Leadership - Own the full payroll cycle for all pay groups, ensuring payroll is processed accurately and released on schedule. - Oversee international payroll administration in partnership with in-country providers and local finance teams. - Direct off-cycle payments, retroactive adjustments, bonus and commission payments, severance, relocation and equity-related payroll events. - Establish and monitor service levels for payroll inquiries, escalations and case resolution. - Lead and develop the payroll team, establishing clear responsibilities, cross-training and appropriate coverage for critical payroll activities. Payroll Compliance & Controls - Maintain a documented payroll control environment, including segregation of duties, approval authorities and appropriate audit evidence. - Ensure compliance with applicable federal, state and local payroll, wage and hour, withholding, garnishment and reporting requirements. - Oversee payroll tax registrations, deposits, quarterly and annual filings, W-2 reporting and amendments. - Own payroll support for internal and external audits, including the annual workers' compensation audit. Payroll Accounting & Reporting - Own the payroll general ledger interface and ensure payroll entries, accruals and reconciliations are completed accurately within monthly, quarterly and year-end close timelines. - Calculate and record monthly payroll allocations and bonus accruals. - Prepare and support payroll reporting and analysis for Accounting, Human Resources and other business stakeholders. 401(k) Plan Administration - Oversee day-to-day payroll administration of the company's 401(k) plan in partnership with Human Resources and the plan recordkeeper, including enrollment, deferrals, loans and payroll-related data feeds. - Calculate and validate employer contributions and the annual true-up in accordance with the plan document and applicable eligible compensation definitions. - Maintain accurate accounting and reconciliations for employer contributions and related liabilities. - Lead payroll support for the annual plan audit, Form 5500 process and compliance testing, and coordinate the resolution of payroll-related errors or corrective contributions. Systems, Data & Process Improvement - Partner with Financial Systems and Human Resources to drive the payroll and timekeeping technology roadmap, including system enhancements, integrations, testing and configuration changes. - Identify opportunities to automate manual processes, strengthen system controls and improve payroll data quality and reconciliation. - Establish standardized payroll calendars, procedures and documentation to support scalability, consistency and business continuity. - Evaluate payroll processes and system capabilities to support organizational growth and evolving business requirements. ## QUALIFICATIONS: - Bachelor's degree in accounting, finance, human resources, or a related field. - 12 or more years of progressive payroll experience, including at least 5 years leading a payroll function within a complex, multi-state organization. - 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. - Demonstrated ability to lead teams, manage complex cross-functional relationships and communicate effectively with senior leaders, auditors and external service providers. - 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. - Certified Payroll Professional (CPP) a plus. - Experience with 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. 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