About Northern Trust:
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.
Northern Trust is proud to provide innovative financial services and guidance to the world's most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world's most sophisticated clients using leading technology and exceptional service.
Major Duties :1. Performs daily payroll activities to ensure timely, accurate, and compliant payroll production of assigned payrolls including complex and year-end activities
2. Reviews payroll adjustment requests to ensure proper authorization and compliance with corporate policies, employment tax & other payroll-related laws; and advises management of appropriate corrective action when an error occurs
3. Responds to payroll inquiries from all levels throughout the organization to explain pay, adjustments to pay, and impact of policies, tax law and related changes. Reviews the work of other team members including but not limited to review of data payroll input and manual calculations. Acquires knowledge of other team members' payroll activities and performs back up support
4. Analyzes existing policies, procedures, and practices to ensure compliance with tax & other payroll-related laws and regulations. Recommends and implements modifications of existing payroll processes to ensure compliance with requirements
5. Works directly with vendors and/or reviews payroll system or applications to ensure changes submitted are correctly reflected on the payroll. May be responsible for system/application testing (e.g., upgrades, tax updates, etc.) where applicable, and may participate in HR system or payroll implementations and other payroll projects and process improvements for assigned payrolls
6. Prepares and/or monitors payroll tax and general ledger accounts/activities, and works with Finance to reconcile discrepancies, and process or advise on appropriate accounting transactions to keep accounts in balance
7. Researches and monitors regulatory and legislative changes impacting payroll areas of responsibility to ensure ongoing compliance
8. Responsible for input or review of country/regional metrics for assigned payrolls and any other applicable and/or requested management reports
9. Performs assigned vendor management activities to ensure adherence to corporate vendor management standards
10. More technically sound in area of expertise and has broader knowledge of other areas and the organization
11. Delivers a work product that requires less revision
12. Serves a key subject matter expert and may coach and/or train Analyst and Associate Consultant level team members
13. Handles all types of analysis and complex work
14. Represents the department in various meetings
15. Works on projects as requested and learning project management skills
Knowledge :o Must be familiar with all aspects of payroll processing including payroll production, reconciliation
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