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Compensation Processing Specialist

2 months ago

Saint Louis, United States Accounting Career Consultants Full time
Job Overview

Why Join Us?

Becoming a part of our organization as a Compensation Processing Specialist provides an exceptional chance to engage in a collaborative atmosphere that emphasizes growth and innovation. Our dedication to safety and sustainability fosters a positive workplace where the well-being of our employees is paramount. We offer competitive salaries, extensive benefits, and attractive perks designed to enhance both your professional and personal life. With numerous opportunities for development and advancement, you can truly be yourself at work and progress alongside us. Join a team that prioritizes respect, integrity, continuous improvement, and collaboration, all while contributing to a mission-driven organization that prioritizes humanizing healthcare.

Role Responsibilities:

As a Compensation Processing Specialist, you will be instrumental in overseeing payroll functions for our remote workforce across North America. Your key responsibilities will include:

  • Payroll Management:
    • Execute bi-weekly payroll for team members in the U.S. and Canada.
    • Manage off-cycle payroll runs and retroactive calculations as necessary.
    • Ensure payroll data accuracy by working closely with Human Resources and Accounting teams.
    • Oversee the Payroll inbox and address employee inquiries related to payroll issues (e.g., pay statements, taxes, W-2 information, time tracking).
    • Facilitate the collection, calculation, and data entry for precise payment processing.
    • Resolve discrepancies, handle garnishment calculations, and guarantee compliance with tax regulations.
    • Validate employee change requests and adjustment calculations.
    • Collaborate with ADP and other vendors on payroll-related matters.
    • Complete year-end tasks, including the review/preparation of W-2s, annual reconciliations, and submission of wage data to relevant authorities.
    • Stay updated on federal, state, and local legal requirements to ensure compliance.
    • Submit federal, state, and local tax reporting on a monthly, quarterly, and annual basis.
    • Manage correspondence and provide timely responses to tax notices and garnishments.
  • General Duties:
    • Consult with senior team members regarding work strategies and deliverables.
    • Contribute to team goals and outcomes.
    • Enhance your skill set and improve proficiency in your area of expertise.

Qualifications:

  • Education and Experience:
    • Associate degree in Accounting or Finance, or an equivalent combination of education and experience.
    • Minimum of 2 years of relevant payroll experience.
    • Previous experience with ADP WFN and exposure to multi-state payroll.
  • Knowledge and Skills:
    • General understanding of year-end review/preparation of W-2s, W-2Cs, annual reconciliations, form 1099, and submission of wage data to authorities.
    • Comprehensive knowledge of standard payroll practices and payroll systems or ERP end-to-end payroll processing.
    • Proficiency in Microsoft Office applications.
    • Experience with accounting software such as NetSuite.
    • Advanced skills in MS Excel, including V-lookups and pivot tables.
    • Strong attention to detail and analytical capabilities.
    • High level of integrity in producing and communicating accurate work.
  • Abilities:
    • Ability to work independently in a fast-paced environment and manage multiple priorities.
    • Excellent written and verbal communication skills.
    • Strong organizational skills with the ability to meet deadlines while maintaining accuracy.
    • Capacity to maintain confidentiality, problem-solve, multitask, and work with moderate supervision.
  • Preferred Qualifications:
    • Bachelor's degree in Accounting or Finance.

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