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Compensation and Benefits Analyst

2 months ago

Warren, Michigan, United States ProKatchers Full time

Position Overview:

The Payroll Analyst plays a crucial role in ensuring the accurate and timely processing of payroll. This position involves various responsibilities that contribute to the overall efficiency of payroll operations.

Key Responsibilities:

  • Manage weekly adjustment files and ensure the successful, timely, and precise 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 accurate year-end W2 reporting.
  • Serve as a primary contact for payroll inquiries and payroll systems, engaging with payroll and HR teams, as well as key stakeholders.
  • Support activities related to year-end bonus distributions, executive compensation payouts, and other year-end processes affecting employees.
  • Assist in reconciling tax payments and filings managed by external payroll service providers as necessary.
  • Utilize analytical skills to identify discrepancies in reconciliation processes.
  • Update processing procedures for hourly and salaried employees to reflect changes, ensuring compliance with Sarbanes-Oxley and internal audit standards while enhancing efficiency and accuracy in payroll operations.
  • Collaborate closely with the Shared Service Center to ensure alignment among team members regarding payroll processing activities.
  • Participate in cross-training within the department to gain comprehensive knowledge of payroll functions, including tax, garnishments, escheatment, and report generation to provide adequate support for all team members.
  • Contribute to the achievement of departmental goals and objectives.

Additional responsibilities may be assigned as needed.