Payroll Specialist

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.
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