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Compensation Operations Supervisor
2 months ago
The Payroll Administration Lead oversees the complete functionality of the payroll department, ensuring precision in deliverables, prompt resolution of payroll inquiries, and timely submission of necessary reports. This role is crucial in meeting all deadlines while adhering to established internal controls. Furthermore, this position collaborates closely with Human Resources, Finance, and other departments to guarantee the accuracy of all payroll data for employees.
Key Responsibilities:
Directs payroll operations 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 accurate and timely processing of payroll transactions. 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. Administers contributions to the employee stock purchase program, ensuring timely submission of files to third-party processors. Ensures compliance with payroll regulations, including multi-state tax withholding, garnishments, and key annual audits (e.g., 401(k) audit, worker's compensation, and external financial audits). Maintains departmental operating procedures to ensure compliance with internal controls and all relevant laws. Supports the Payroll module of the ADP system. Produces and analyzes monthly payroll-related financial reports. Applies Federal and State regulations and Fair Labor Standards Act legislation in payroll processing. Develops ad-hoc reports utilizing ADP's business intelligence reporting tools. Performs additional duties as assigned.Required Qualifications:
Bachelor's degree in Accounting or Finance preferred, or equivalent experience. Proficient in ADP Workforce Now. Certification as a Payroll Professional is advantageous. A minimum of 5 years of experience in payroll functions. At least 3 years of experience in managing and leading teams. 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. Familiarity with 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. Strong analytical and problem-solving skills. Proficient in accounting and mathematical skills. Ability to manage highly confidential information with integrity. Experience with Microsoft Windows suite (Excel, Word, Outlook) and business intelligence reporting tools.Work Environment:
Typical office setting with frequent sitting, walking, and standing, along with occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Regular use of hand-eye coordination for operating office equipment. Effective oral and auditory communication skills are essential for interpersonal interactions and communication through automated devices.
Byline Bank provides competitive salary ranges aimed at attracting and retaining talented individuals. We regularly review and adjust our compensation structure to ensure fairness across teams and levels.
The salary range for this position is $80,000 to $90,000, influenced by various factors including education, work experience, and certifications. In addition to salary, Byline Bank offers a comprehensive benefits package, incentive programs, equity stock purchase options, and 401(k) contributions (subject to eligibility requirements). Regardless of where or when you start your career with Byline Bank, you will find a wide array of benefits and incentives.
