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    Payroll Specialist - New York, United States - Global Technical Talent

    Global Technical Talent
    Global Technical Talent New York, United States

    1 week ago

    Default job background
    Description
    Payroll Specialist
    • Contract Duration 6 months (potential for extension)
    • Pay rate up to $30- $35/hr
    Typical Day in Role:
    • The Payroll Specialist prepares and processes all payroll data for the United States.
    • This includes salary adjustments, 401K payments, loan payments, benefit premiums, overtime payments, terminations, absences, direct deposits, Short Term Disability, LTD, transfers, Manual Checks, reversals, etc.
    • Maintains the Long Term Assignment employees and makes the necessary adjustments
    Job Responsibilties:
    • Responsible for the remittances of the ACH, Taxes, 401K, ESOP, Client Funding, HSA
    • Oversees and addresses any payroll-related problems and resolves them expeditiously.
    • The incumbent is responsible for staying current with federal, state, and local legal requirements by attending educational workshops, reviewing professional publications; studying existing and new legislation; enforcing adherence to requirements; and advising management on needed actions.
    • Verifies the Bank's US 401K/ESOP program by ensuring all applications/changes are captured, transferred to the payroll ADP system, and advised to all administrative parties.
    • Responsible for the timely remittances of funds, to both plan administrators, on a semi-monthly basis.
    • Also responsible for the reconciliation and balancing of payments made to said agencies, loan delinquencies reports, and the forfeiture accounts.
    • Balances and Reconciles the Invoicing and General Ledger Process. Invoices the expenses and liabilities to Bank offices after each pay cycle. Monitors the General on a daily basis to make sure funds are reimbursed timely. Verifies and processes the journal entries. Verifies balances on the Trial Balances on a monthly basis.
    • Balances and reconciles all W-2s to the ADP Payroll System to ensure accuracy.
    • Update and maintain the US Payroll manual ensuring all changes - bank, government, and system changes/upgrades are current and available.
    • Primary responsibilities include the preparation and balancing of the U.S. payroll, as well as the administration of a wide range of payroll-related benefits.
    • The Payroll Specialist is expected to provide knowledgeable and sound advice to all staff relative to payroll policies and procedures
    Must Have Skills:
    • 3+ years of experience as a Payroll Specialist
    • Knowledge of Accounting principles and practices
    • In-depth knowledge and experience of payroll calculation and processing
    • Knowledge of applicable local, state, and federal rules and laws
    Nice to have Skills:
    • Benefits Administration
    • Financial industry experience
    • Proficiency in ADP (Workforce Now)
    • Certified Payroll Professional Designation
    • Microsoft Office (Word, Excel, Outlook) proficiency
    Soft Skills Required:
    • Communicate effectively to solve employee issues
    • Attention to detail
    Required Education:
    • Bachelor's degree or equivalent experience
    Benefits:
    • Medical, Vision, and Dental Insurance Plans
    • 401k Retirement Fund
    About the Company:
    • Our client is one of Canada's Big Five banks. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, and corporate and investment banking.
    • Why work with our client? Because your career is a journey, together you can fill it with challenges, mutual inspiration, and growth for every future. This company is an internationally recognized and award-winning workplace. They are always on the lookout for fresh thinking and unique skills. Our client puts their people first, and because this company is performance-based and driven to succeed, its employees are rewarded for their contributions.
    #gtttf
    #LI-GTT
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