Compensation and Benefits Supervisor
2 weeks ago
The Payroll Operations Director oversees the comprehensive functioning of the payroll department, ensuring precision in all deliverables, prompt resolution of payroll inquiries, and timely submission of essential reports. This role is pivotal in maintaining compliance with established internal controls while meeting all deadlines for payroll-related requests. Additionally, the position collaborates closely with Human Resources, Finance, and other divisions to guarantee the accuracy of employee payroll data.
Key Responsibilities:
Administers payroll for over 1,000 employees within a single U.S. legal entity, addressing daily payroll-related inquiries. Reviews, processes, and reconciles payroll for both exempt and non-exempt personnel, ensuring all payroll transactions are executed accurately and on time. Manages salary expenses and payroll taxes associated with equity-based transactions. Oversees participant 401(k) contributions and loan repayments, including the submission of files to third-party processors, and reviews employer 401(k) matching contributions. Coordinates contributions to the employee stock purchase program, ensuring timely submission of relevant files to third-party processors. Handles payroll compliance issues, including multi-state tax withholding, garnishments, and key annual audits (e.g., 401(k) audits, worker's compensation, and external financial audits). Maintains operational practices and procedures within the department to ensure adherence to internal controls and all applicable regulations. Manages and supports the Payroll module of the ADP system. Produces and analyzes monthly payroll-related financial reports. Applies Federal and State regulations, as well as Fair Labor Standards Act legislation, in payroll processing. Develops ad-hoc reports utilizing ADP's business intelligence reporting tools. Performs additional duties as assigned.Qualifications:
Bachelor's degree in Accounting or Finance is preferred, or equivalent experience. Familiarity with ADP Workforce Now is advantageous. Certification as a Payroll Professional is a plus. Minimum of 5 years of experience in payroll functions. At least 3 years of experience in a managerial or leadership role. Knowledge of payroll taxation and compliance with Illinois and Federal Labor and Wage Regulations. Experience with equity-based payroll processing, including restricted stock awards and stock options. Understanding of multi-state labor and wage regulations. Excellent communication skills, both written and verbal, with a collaborative approach. Proven ability to meet deadlines while managing multiple tasks. Strong critical thinking and problem-solving capabilities. Solid accounting and mathematical skills. Capacity to handle sensitive information with the highest level of integrity. Proficiency in Microsoft Windows applications (Excel, Word, Outlook) and business intelligence reporting tools.Work Environment:
Typical office setting involving frequent sitting, standing, and walking, with occasional climbing, stooping, kneeling, and balancing. Regular use of hand-eye coordination for operating office equipment. Effective communication skills are necessary for interpersonal interactions and the use of automated devices.
Byline Bank provides competitive salary structures aimed at attracting and retaining skilled professionals. We regularly assess and adjust our compensation framework to ensure fairness across teams and levels.
The salary range for this role is between $80,000 and $90,000, influenced by various factors such as education, experience, and certifications. In addition to salary, Byline Bank offers a comprehensive benefits package, including incentive programs, equity stock purchase options, and 401(k) contributions (subject to eligibility requirements). Regardless of where you begin your career with Byline Bank, you will discover a wide array of benefits and incentives.
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