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Compensation and Benefits Analyst
2 months ago
Position Overview:
The Payroll Analyst plays a crucial role in ensuring the accuracy and timeliness of payroll processing within ProKatchers. This position involves various responsibilities that contribute to the overall efficiency of payroll operations.
Key Responsibilities:
- Manage weekly adjustment files and facilitate the accurate confirmation of payrolls in accordance with the established processing schedule and payroll checklist.
- Handle different forms of imputed income, including relocation benefits, stock options, and personal use of company vehicles, to guarantee correct year-end W2 reporting.
- Serve as a primary contact for payroll-related inquiries, collaborating with payroll and HR teams while engaging with key stakeholders.
- Support year-end activities such as bonus payments and executive compensation payouts, ensuring smooth execution of processes affecting employees.
- Assist in reconciling tax payments and filings as performed by external payroll service providers.
- Utilize analytical skills to identify discrepancies during reconciliation processes.
- Revise and update payroll processing procedures to reflect any changes, ensuring compliance with Sarbanes-Oxley and internal audit standards while enhancing efficiency and accuracy.
- Collaborate closely with the Shared Service Center to maintain alignment on payroll processing activities.
- Participate in cross-training initiatives within the department to gain comprehensive knowledge of payroll functions, including tax, garnishments, and reporting.
- Contribute to the achievement of departmental goals and objectives.
Additional responsibilities may be assigned as needed.