Lead Payroll Specialist, Processing
Conducts all end-to-end payroll activities for over 10,000 employees across two companies, ensuring timely payroll processing and reconciliation. Responsible for compliance with all regulations governing payroll as defined by the Internal Revenue Service, the Fair Labor Standards Act, the Social Security Administration, state and local taxing jurisdictions, and any other government body with authority governing payroll. Partners with the Payroll leadership team to evaluate current processes and provides recommendations to promote efficiency in payroll operations. Analyzes, processes and monitors payroll and payroll-related transactions. Reviews data for accuracy and completeness and initiates corrections as needed. Audits the work of other Payroll Specialists to ensure accuracy. Performs gross-to-net calculations to audit and validate payroll data and output. Enters, reviews and validates special payment transactions such as Employee Stock Purchase Plan (ESPP), equity transactions from Compensation and sales commissions from Finance. Ensures compliance and accurate, timely processing and administration of child support notices, creditor garnishments, and IRS/State tax levies. Ensures imports to Workday are reviewed, balanced, verified and applied correctly. Reconciles gross earnings between payroll systems. Reviews calculations and validates the entry of adjustments to employee earnings and tax records. Coordinates and participates in running payroll processes in Workday (e.g., first calculation, retro calculation, second calculations, close/settle) and ensures all reports on the Payroll Processing Checklist are completed timely and accurately. Enters and edits new and existing local/state taxes in Workday as well as changing State Unemployment Insurance rates. Understands Payroll Sarbanes-Oxley controls and ensures processes are being followed to maintain compliance. Reviews calculations for payments made to beneficiaries or estates of deceased employees. Understands and can explain taxability of such payments and how payments are reported on Form W-2 and Form 1099 in both year of and year after death Maintains current knowledge of Workday, Costpoint and Deltek and participates in testing of semi-annual upgrades. Assists in identifying problem trends and recommends potential solutions. Identifies training needs for employees and managers. Participates in projects as needed and assigned by management. Other Job Requirements Responsibilities Minimum of 7 years of previous payroll experience in a multi-state environment. Displays decision-making skills that support company and payroll policies. Advanced working knowledge of payroll fundamentals, including but not limited to gross-to-net, payroll accounting, payroll taxes including unemployment tax, direct deposit, relocation, stock purchase plans and record retention. Knows all annual maximums as related to social security and Medicare, 401(k) and 401(k) limits. Working knowledge of Form W-4 and the impact to net pay. Strong interpersonal and teamwork skills. Excellent customer service skills including timely follow-up on outstanding issues and problems. Advanced problem-solving skills with an ability to analyze a situation, determine alternatives and appropriate course of action. Ability to effectively communicate, both verbally and in writing, with peers, employees, managers, Human Resources and Finance personnel in a professional manner. Ability to perform majority of tasks independently, working under pressure and adhering to tight deadlines in a fast-paced environment. Must maintain the highest regard for confidentiality with extreme discretion and integrity. Self-starter who can work with minimal supervision. General Job Information Title Lead Payroll Specialist, Processing Grade 24 Work Experience - Required Payroll Work Experience - Preferred Education - Required A Combination of Education and Work Experience May Be Considered., Bachelors Education - Preferred License and Certifications - Required License and Certifications - Preferred CPP - Certified Payroll Professional - Enterprise, FPC - Fundamental Payroll Certification - Enterprise Magellan Health, Inc. is proud to be an Equal Opportunity Employer and a Tobacco-free workplace. EOE/M/F/Vet/Disabled. Every employee must understand, comply with and attest to the security responsibilities and security controls unique to their position; and comply with all applicable legal, regulatory, and contractual requirements and internal policies and procedures.
Salary Range:
$80K -- $100K
Minimum Qualification
HR ManagementEstimated Salary: $20 to $28 per hour based on qualifications.
Salary Range:
$80K -- $100K
Minimum Qualification
HR ManagementEstimated Salary: $20 to $28 per hour based on qualifications.
|
|
 | |
