Payroll Analyst

Requisition ID: 275530 

Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.

The Senior U.S. Payroll Analyst is accountable for the end-to-end preparation, validation, and reconciliation of semi-monthly U.S. payrolls, ensuring accuracy, compliance, and a high level of employee service. The role supports payroll audits, resolves complex inquiries, drives continuous process improvement, and contributes to strategic initiatives, tax reporting, and year-end activities. Working collaboratively with internal business partners and external vendors, the Senior Analyst helps strengthen payroll controls, enhance operational efficiency, and support the organization's payroll objectives. 

Is this role right for you? In this role you will: 

• Champion a customer-focused culture that strengthens employee and stakeholder relationships while leveraging the Bank's systems, knowledge, and resources.
• Prepare, validate, and process all U.S. payroll transactions accurately and on schedule, including salary changes, incentive payments, overtime, benefits deductions, retirement contributions, leaves of absence, direct deposits, disability payments, transfers, reversals, and terminations.
• Manage the timely funding and remittance of payroll-related obligations, including ACH payments, payroll taxes, 401(k) contributions, ESOP contributions, HSA funding, and benefit-related vendor payments.
• Investigate, resolve, and proactively address payroll-related issues, ensuring a high level of accuracy, compliance, and employee service.
• Maintain current knowledge of federal, state, and local payroll legislation and regulatory requirements. Interpret payroll regulations, ensure compliance, and provide guidance to management and stakeholders as required.
• Administer the Bank's U.S. retirement programs, including the 401(k) and ESOP plans, ensuring all enrollments, elections, and changes are accurately processed and transmitted to payroll and plan administrators. Oversee timely funding, reconciliation, balancing activities, delinquency reporting, and forfeiture account administration.
• Lead the payroll accounting, invoicing, and reconciliation processes by preparing and validating journal entries, monitoring funding activities, reconciling payroll-related general ledger accounts, and ensuring monthly trial balance accuracy.
• Perform year-end balancing and reconciliation activities to ensure the accuracy of payroll tax reporting and employee tax forms, including W-2 processing.
• Maintain and update U.S. Payroll policies, procedures, and the Payroll Handbook to reflect legislative, regulatory, and operational changes.
• Conduct payroll reconciliations between payroll, HR, benefits, and financial systems, investigating discrepancies and driving timely resolution and escalation where appropriate.