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Compensation and Benefits Supervisor
2 months ago
The Payroll Manager oversees the comprehensive management of payroll operations, ensuring precision in deliverables, prompt resolution of payroll inquiries, and timely submission of necessary reports. This role is pivotal in collaborating with Human Resources, Finance, and various departments to maintain the integrity of employee payroll records.
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 staff, guaranteeing accurate and timely payroll transactions.
- Handles salary expenses and payroll taxes associated with equity-based transactions.
- Manages participant 401(k) contributions and loan repayments, including coordination with third-party processors for file submissions; oversees employer 401(k) matching.
- Facilitates contributions to the employee stock purchase program, coordinating with third-party processors for file submissions.
- Oversees payroll compliance issues, including multi-state tax withholding, garnishments, and key annual audits (e.g., 401(k) audit, worker's compensation, and external financial audits).
- Maintains departmental procedures to ensure adherence to internal controls and compliance with applicable laws.
- Administers and supports the Payroll module within the ADP system.
- Generates and analyzes monthly payroll-related financial reports.
- Applies Federal and State regulations, including Fair Labor Standards Act legislation, in payroll processing.
- Creates ad-hoc reports utilizing ADP's business intelligence reporting tools.
- Performs other duties as assigned.
Note: Management retains the right to assign or reassign duties and responsibilities as necessary.
Qualifications:
- Bachelor's degree in Accounting or Finance 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 role.
- Knowledge of payroll taxation and 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.
- Strong collaborative skills with excellent communication abilities (written, verbal, and presentation).
- Capacity to meet deadlines while managing multiple priorities.
- Critical thinking and problem-solving capabilities.
- Strong numerical and accounting skills.
- Ability to manage confidential information with the highest level of integrity.
- Proficiency in Microsoft Windows suite (Excel, Word, Outlook) and business intelligence reporting tools.
Work Environment:
This position is typically situated in an office environment, involving frequent sitting, walking, and standing, with occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Regular use of hand-eye coordination is necessary for operating office equipment. Effective oral and auditory communication skills are essential for interpersonal interactions and automated device communications.
Byline Bank provides competitive salary structures aimed at attracting and retaining talented professionals. We routinely 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 factors such as education, work 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, a wide array of benefits and incentives awaits you.
