Payroll Specialist
Banking
Senior Payroll Specialist
Supports the activities of payroll and all tasks necessary to accomplish the organization's payroll and compensation processing; assists leadership in dealing with complex payroll problem resolution, while balancing assigned workloads and requiring comprehensive knowledge of payroll process steps, statutory and government regulations, and Company policies. Responsible for supporting biweekly payroll function in the HR system, with a high focus on accuracy, timeliness, and accounting of all job functions. Completes work of a non-routine nature with a comprehensive understanding of time and attendance practices.
Complete all necessary payroll activities as assigned based on procedure and suggest updates to procedures as needed. Provide accurate and timely payroll processing of employees' pay, time, leave and other time off. Review and make necessary adjustments to terminated employees' final pay; verify completion of timesheets and accuracy of dates, complete payment for accrued time off and severance as needed. Partner with HR Service Team on resolving employee cases independently. Process off-cycle pay as requested; review retroactive pay transactions, etc., independently. Complete activities related to employee overpayment management including legally compliant recoupment/correction of overpayment calculations. Review and ensure the accuracy of leave of absence dates and payroll related to leaves. Work with third party to communicate, set up, reconcile and troubleshoot employee garnishments. Process refunds for ACH rejects and work with employees to correct payment election details. Create and reconcile payroll upload files for one-time adjustments to pay and benefits while adhering to audit and approval flow requirements. Sort and distribute payroll mail items. Complete taxable stock transactions while adhering to audit and approval flow requirements. Adjust time off accruals for scheduled hours changes. Maintain a comprehensive knowledge of the regulations and policies affecting the payroll process. Train and mentor less experienced Payroll team members. Assist with projects and system testing as assigned. Understand and adhere to the Company's risk and regulatory standards, policies and controls in accordance with the Company's Risk Appetite. Identify risk-related issues needing escalation to management.
The Company offers the following benefits for this position, subject to applicable eligibility requirements: medical insurance, dental insurance, vision insurance, 401(k) retirement plan, life insurance, long-term disability insurance, short-term disability insurance, paid parking/public transportation, paid time off, paid sick and safe time, hours of paid vacation time, weeks of paid parental leave, and paid holidays annually – as applicable.
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