Sr Payroll Analyst (High Volume Payroll)

Purpose: The Senior Payroll Analyst ensures the company's payroll process is accurate and timely; this position is also responsible for compliance with all relevant laws and regulations, maintaining payroll records, and processing paychecks.Essential Functions:Examines each payroll run for accuracy, efficiency, and compliance; prepares summary report to the Director of Payroll on any apparent improvement opportunitiesAnalyzes the payroll process and its efficiency over time, identifies areas of opportunity, and presents improvement plans; if improvement plans are considered viable, may be tasked with their implementationPrepares reports highlighting performance against targets and any identified issues, as well as trending payroll performance over time to encourage continuous improvement, including suggestions for long-term enhancements to the processEnsures compliance with all legal and regulatory requirements, including tax laws, wage and hour laws and other payroll-related regulationsVerifies that work records have been captured correctly and completely; checks that all the performed work is a true reflection of the entered work recordsValidates bonuses, overtime, expense claims, or other ad hoc remunerationVerifies wage and salary data for errors/inconsistencies and highlights any issuesInspects mistakes and anomalies to determine whether they are systemic or resulting from faulty data input; flags systemic failures and liaises with the Director of Payroll to rectify themPerforms regular spot checks to ensure deductions are accurate for each payroll runAudits the deductions process to determine and rectify the root cause of errorsOverseeing the distribution of paychecks and direct depositsEnsures payroll information updates such as promotions, salary band revisions, or annual salary increases, are entered into the HRMS by payroll staff; checks for accuracyReporting Relationship: The Senior Payroll Analyst reports directly to the Director of PayrollMinimum Qualifications, Knowledge, Skills, and Work Environment: Education and Experience: The combination of education and professional experience must exceed 3 years:In a technical role: Requires 3-5 years of payroll experience A bachelor's degree in a program related to the functional area can count for 2 of the 3-year requirement.An MBA or a master's level degree in a program related to the functional area can count for an additional 1 years of 3-year requirement In the industry: 3-5 years of Hospitality, F&B and/or Retail experience Specialized Training: Advanced knowledge of ExcelKnowledge of state, local, and federal tax regulations, as well as wage and hour regulations and lawsKnowledge of Canadian federal and provincial laws and regulationsSpecialized Skillset/Competencies/TraitsRequires PeopleSoft payroll experience; experience with Success Factors & ADP preferredAnalytical mindset and keen eye for detailBusiness acumen and also has the mindset required to understand the long-term implications of payroll planning and to advance the organizations goalsDemonstrated history of understanding the needs of the business, stakeholders, the employee population and individual circumstancesDemonstrated history of creating and maintaining positive work environments to achieve common goalsLocation: This position is based at the F&B Center of Excellence in Bethesda, MD

Created: 2025-01-14