Compensation Operations Supervisor

1 week ago


Chicago, Illinois, United States Byline Bank Full time

The Employee Remuneration Manager oversees the comprehensive functioning of the payroll department, ensuring precision in deliverables, prompt resolution of payroll inquiries, and timely submission of 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 entries for employees.

Key Responsibilities:

Administers payroll for over 1,000 employees within a single U.S. legal entity, addressing daily payroll-related inquiries. Processes, reviews, and reconciles payroll for both exempt and non-exempt staff, 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; reviews employer 401(k) matching contributions. Facilitates contributions to the employee stock purchase program, including the submission of relevant 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 operational practices and procedures within the department to ensure compliance with internal controls and applicable laws. Manages and supports the Payroll module of the ADP system. Produces and analyzes monthly payroll-related expenses. Applies Federal and State regulations and Fair Labor Standards Act legislation pertinent to payroll processing. Develops ad-hoc reports utilizing ADP's business intelligence reporting tool. 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-related functions. At least 3 years of experience in managing and leading teams. 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. Familiarity with multi-state labor and wage regulations. Strong collaborative skills with excellent communication abilities (written, verbal, and presentation). Capability to meet deadlines while managing multiple priorities. Strong critical thinking and problem-solving skills. Proficient accounting and mathematical skills. Ability to handle highly confidential information with integrity. Proficient in Microsoft Windows suite (Excel, Word, Outlook) and business intelligence reporting tools.

PHYSICAL DEMANDS/WORK ENVIRONMENT:

Typical office environment involving frequent sitting, walking, and standing, with occasional climbing, stooping, kneeling, crouching, crawling, and balancing. Regular use of eye, hand, and finger coordination for operating office equipment. Effective oral and auditory capacity for interpersonal communication and communication through automated devices.

Byline Bank offers competitive salary bands aimed at attracting and retaining talented individuals. We regularly review and adjust our compensation structure to ensure equity across teams and levels.

The salary range for this position is $80,000 to $90,000, based on various factors including education, work experience, and certifications. In addition to salary, Byline Bank provides a comprehensive benefits package, incentive and recognition programs, equity stock purchase options, and 401(k) contributions (subject to eligibility requirements). Regardless of where or when you begin your career with Byline Bank, you will find a wide array of benefits and incentives.



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