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Senior Payroll Analyst

Company: Finra
Location: Rockville
Posted on: May 16, 2022

Job Description:

The Senior Payroll Analyst is responsible for analyzing and completing the biweekly payroll processes in a timely manner that complies with all Federal and State regulations. This role also provides analytical and financial reporting support to the payroll department with an emphasis on payroll taxes as they apply to employee data set up and payroll tax returns. This role is also responsible for supplying payroll financial reporting support to other internal key stakeholders. Act as back-up for Payroll manager.Essential Job Functions:Payroll Tax Analysis and Compliance

  • Perform analysis on Federal/State/Local withholding and unemployment accounts; communicate with outside Federal/State/Local jurisdictions/authorities and partner with third-party tax provider on related tax remittances, correspondence and filing issues.
  • Validate the periodic, quarterly, and annual tax files to third-party tax provider to ensure accuracy and timely filing. Research and resolve any issues. Collaborate with Cash team with funding of tax files.
  • Handle and maintaining all tax related correspondence and actions (i.e. Unemployment Tax Rates, Power of Attorney forms, state unemployment/withholding registrations).
  • Monitor & reviewing multi-state travel taxation reports, missing tax forms, and local tax set ups.
  • Maintain employee tax in a rapidly changing hybrid environment; monitor employee address changes and partner with People Solutions on job transfers to ensure proper taxes.
  • Support year-end activities that include reviewing tax reciprocity compliance, taxable fringe benefits, and W2 processing.
  • Provide excellent customer service to employees with tax inquiries and process tax adjustments in Workday as necessary.General Payroll
    • Analyze biweekly multi-state payroll using Workday reports to ensure accuracy and that all regulations and ICM controls are met.
    • Run payroll processes such as retroactive transactions and verify that all applicable taxing jurisdictions are accounted for.
    • Review payroll processes and Standard Operating Procedures periodically and provide recommendations to improve payroll efficiency.
    • Respond, investigate, and resolve as needed to customer service inquiries and employee requests. Process check-adjustments as needed.
    • Assist Payroll Manager with special projects such as system upgrades and enhancements that require User Acceptance Testing (UAT).
    • Provide support and coverage for other payroll functions as needed.
    • Assist with processing annual compensation cycle as needed.Financial Reporting and External Department Support
      • Using strong research and analytical skills respond to ad hoc requests and provide interpretation of payroll related data as requested to assist in corporate initiatives, senior management decision-making, workers compensation, and budget and forecast processes.
      • Prepare monthly payroll GL account reconciliations and prepare journal entries as needed.
      • Maintain Payroll GL mapping via Workday.
      • Serve as a primary liaison to managers across the organization by providing assistance, guidance, and responses to questions on complex, sensitive and confidential issues.
      • Assist in quarterly Internal Control Management (ICM) evaluations, including key control testing.
      • Work with external and internal auditors, responding to requests for payroll information in a timely manner.Other Responsibilities:
        • Stay abreast of HR and payroll policies, procedures, trends, practices, wage and hour laws, tax regulations (e.g. federal, state, and local taxes)Education/Experience Requirements:
          • Bachelor's degree in accounting/finance with minimum five (5) years' experience with multi-state payroll and related accounting functions, or equivalent combination of education and experience.
          • Solid knowledge of payroll accounting/finance, payroll tax compliance.
          • Workday Payroll processing experience required; ADP experience desirable.
          • CPP accreditation preferred.
          • Strong aptitude for numbers, with attention to detail and high level of accuracy.
          • Exemplary verbal and written communication and customer service skills.
          • Proficiency with Microsoft Excel and Word, Windows O/S, and electronic tax research tools.
          • Strong analytical, problem-solving and process improvement skills
          • Capable of conducting thorough tax research and communicating results and recommendations.
          • Ability to self-direct and manage multiple projects simultaneously to successful completion in a deadline driven environment.Working Conditions:
            • General office conditions
            • Extended hours as needed.#LI-HybridTo be considered for this position, please submit an application.The information provided above has been designed to indicate the general nature and level of work of the position. It is not a comprehensive inventory of all duties, responsibilities and qualifications required.Please note: If the "Apply Now" button on a job board posting does not take you directly to the FINRA Careers site, enter www.finra.org/careers into your browser to reach our site directly.FINRA strives to make our career site accessible to all users. If you need a disability-related accommodation for completing the application process, please contact FINRA's accommodation help line at 240.386.4865. Please note that this number is exclusively for inquiries regarding application accommodations.Employees may be eligible for a discretionary bonus in addition to base pay. FINRA also provides a variety of benefits including comprehensive health and welfare benefits, life and disability insurance, paid holidays, vacation, personal, and sick leave. FINRA offers immediate participation and vesting in a 401(k) plan with company match. You will also be eligible for participation in an additional FINRA-funded retirement contribution, our tuition reimbursement program and many other benefits. If you would like to contribute to our important mission and work collegially in a professional organization that values intelligence, integrity and initiative, consider a career with FINRA.Important InformationFINRA's Code of Conduct imposes restrictions on employees' investments and requires financial disclosures that are uniquely related to our role as a securities regulator. FINRA employees are required to disclose to FINRA all brokerage accounts that they maintain, and those in which they control trading or have a financial interest (including any trust account of which they are a trustee or beneficiary and all accounts of a spouse, domestic partner or minor child who lives with the employee) and to authorize their broker-dealers to provide FINRA with duplicate statements for all of those accounts. All of those accounts are subject to the Code's investment and securities account restrictions, and new employees must comply with those investment restrictions-including disposing of any security issued by a company on FINRA's Prohibited Company List or obtaining a written waiver from their Executive Vice President-by the date they begin employment with FINRA. Employees may only maintain securities accounts that must be disclosed to FINRA at one or more securities firms that provide an electronic feed (e-feed) of data to FINRA, and must move securities accounts from other securities firms to a firm that provides an e-feed within three months of beginning employment.You can read more about these restrictions here.As standard practice, employees must also execute FINRA's Employee Confidentiality and Invention Assignment Agreement without qualification or modification and comply with the company's policy on nepotism.Search Firm RepresentativesPlease be advised that FINRA is not seeking assistance or accepting unsolicited resumes from search firms for this employment opportunity. Regardless of past practice, a valid written agreement and task order must be in place before any resumes are submitted to FINRA. All resumes submitted by search firms to any employee at FINRA without a valid written agreement and task order in place will be deemed the sole property of FINRA and no fee will be paid in the event that person is hired by FINRA.FINRA is an Equal Opportunity and Affirmative Action EmployerAll qualified applicants will receive consideration for employment without regard to age, citizenship status, color, disability, marital status, national origin, race, religion, sex, sexual orientation, gender identity, veteran status or any other classification protected by federal state or local laws as appropriate, or upon the protected status of the person's relatives, friends or associates.FINRA abides by the requirements of 41 CFR 60-741.5(a). This regulation prohibits discrimination against qualified individuals on the basis of disability, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified individuals with disabilities.FINRA abides by the requirements of 41 CFR 60-300.5(a). This regulation prohibits discrimination against qualified protected veterans, and requires affirmative action by covered prime contractors and subcontractors to employ and advance in employment qualified protected veterans. -2020 FINRA. All rights reserved. FINRA is a registered trademark of the Financial Industry Regulatory Authority, Inc.

Keywords: Finra, Rockville , Senior Payroll Analyst, Human Resources , Rockville, Maryland

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