Sr Payroll Accountant

1 day ago

Chicago IL United States Northern Trust Corporation Full time
Sr Payroll Accountant (regional)

Apply remote type Hybrid locations Chicago, IL time type Full time posted on Posted 30+ Days Ago job requisition id R129978

About Northern Trust:

Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

Role/ Department: Senior Payroll Accountant/NA Shared Services

The Senior Payroll Accountant will be primarily responsible for the Finance/ GL management of the payroll function. Prepares and/or monitors payroll tax and general ledger accounts/activities and works with Finance to reconcile identified discrepancies including processing/advising on appropriate accounting transactions to balance accounts. They will be part of the payroll team and will assist in performing daily payroll activities to ensure timely, accurate, and compliant payroll production of assigned payrolls including quarterly and year-end activities.

The key responsibilities of the role include:

  1. Prepares and/or monitors payroll tax and general ledger accounts/activities and works with Finance to reconcile identified discrepancies including processing/advising on appropriate accounting transactions to balance accounts.
  2. Will assist in performing daily payroll activities to ensure timely, accurate, and compliant payroll production of assigned payrolls including quarterly and year-end activities.
  3. Reviews payroll adjustment requests to ensure proper authorization and compliance with payroll policies, federal, state, and local tax regulations. Advises management of appropriate corrective action when an error occurs.
  4. Responds to payroll inquiries to explain pay, adjustments to pay, and impact of policies, tax law and related changes.
  5. Works with vendors and/or reviews payroll systems or applications to ensure changes submitted are correctly reflected on the payroll. May be responsible for system/application testing (e.g. WD new releases) where applicable.
  6. Represent and lead payroll in meetings with internal teams and external vendors, responsible for direct interaction with different committees, management and internal/external auditors.
  7. Acquires knowledge of other team members’ payroll activities and performs back up support as needed.
  8. Manage payroll projects/process improvements as required.
  9. Coordinate with the payroll team and ADP to perform quarterly reconciliations, filings, amendments, and tax notices.
  10. Researches and monitors regulatory and legislative changes to ensure compliance with federal and state laws and regulations.
  11. Conducts a second review on the works of others and train other team members.

Skills/Qualifications:

  1. 7-10 years of payroll experience required, preferably in a financial services industry with a finance / GL background.
  2. Must be familiar with all aspects of payroll processing including payroll production, quarterly reconciliations, garnishments, year-end processing, tax filings, etc.
  3. Solid understanding of G/L, payroll accounting, and employment taxes.
  4. Attention to detail, ability to work independently and collaboratively, strong organizational skills, and deadline driven.
  5. Payroll technical/systems knowledge (e.g., workday preferred).
  6. Proficient with MS office (i.e., excel).
  7. Excellent analytical and problem solving skills with a focus on continuous improvement.
  8. Able to multi-task in a high paced environment.
  9. Knowledge of other cross functional areas (i.e., HR, Finance, etc.).
  10. Excellent oral and written communication skills.
  11. Degree in Accounting, Finance, Business, or related field.

Working Model: Hybrid (#LI-Hybrid)
We have a balanced hybrid working model to ensure you get the flexibility you need, and the successful candidate will spend their time between working in the office and working from home.

Working with Us:

As a Northern Trust partner, greater achievements await. You will be part of a flexible and collaborative work culture in an organization where financial strength and stability is an asset that emboldens us to explore new ideas.

Movement within the organization is encouraged, senior leaders are accessible, and you can take pride in working for a company committed to assisting the communities we serve Join a workplace with a greater purpose.

We’d love to learn more about how your interests and experience could be a fit with one of the world’s most admired and sustainable companies Build your career with us and apply today. #MadeForGreater

Reasonable accommodation

Northern Trust is committed to working with and providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation for any part of the employment process, please email our HR Service Center at

We hope you’re excited about the role and the opportunity to work with us. We value an inclusive workplace and understand flexibility means different things to different people.

Apply today and talk to us about your flexible working requirements and together we can achieve greater.

#J-18808-Ljbffr

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