Job Description

Completes processing of transactions in external customer applications

Junior transaction processing position for those who are continuing to develop their expertise in business process outsourcing. Receives general instruction on routine work and detailed instruction on new projects or assignments. Completes processing of transactions in external customer applications with reduced supervision. As a member of a project team, follows standard practices and procedures to process transactions in external customer applications and makes major modifications in the data and add value to it within assigned timelines, productivity and quality SLAs as defined by the external customer. Work involves using analytical skills sufficient to interpret data/ instructions with minimal assistance and guidance in understanding and applying the relevant customer standards. Implements improvements in the process. Assists new hires on basic process related queries as process buddies.

3 to 6 years of relevant experience in mortgage, banking, capital markets, insurance, or financial services. Undergraduate degree in Arts, Commerce, Economics, Mathematics, Finance, Business Administration, Financial Management, Financial Accounting and Management, or Graduate Degree - MBA in Financial Management/ Banking & Finance Management), Masters in Financial Accounting (MFA), Masters in Financial Management (MFM), Financial Risk Management (FRM), Certified Financial Analyst (CFA), Masters in Commerce (M.Com), Masters in Arts (Economics) or equivalent. Ability to communicate effectively and build rapport with team members and customers. Proficiency in MS Office, Windows. Flexible to work in a 24 * 7 environment across any shift. Ability to travel as needed.
Role and Responsibility

Coordinating with HR to collect and summarize timekeeping information and to ensure accurate payouts.


Handle or process discrepancies related to timecards and payroll adjustments with HR.


Calculate overtime as required by federal and state law.


Calculate and set up wage assignments/garnishments when required by federal, state, local laws.


Accurately and timely process payroll semi-monthly to the payroll provider. Provide annual payroll due date schedules to HR.


Review and understand semi-monthly payroll reports to ensure accuracy of deductions (e.g. retirement plan loans & contributions, salary changes/adjustments, pre/post tax benefits, etc.)


Process semi-monthly payroll and prepare related schedules for program cost reimbursements.


Process direct deposit and tax changes through the payroll vendor self-service module.


Process retirement plan vendor employer and employee contribution transfers and reconciliations as required by define contribution funding rules.


With HR assistance, process Affordable care act year-end benefits information for form W-2.


Answer payroll related questions from employees or concerns escalated by Human Resources.


Additional duties as assigned to assist Human Resources or Accounting…

Requirement

Minimum of Associate's degree in accounting or finance. Three plus (3+) years of experience in general accounting with increasing levels of responsibility and required experience with payroll processing.


Must have experience working with salaried and hourly employees. Experience processing payroll through ADP a must.


Payroll certification a plus


Solid communication skills, must possess attention to detail, strong technology skills particularly expertise with Microsoft Excel, solid organizational and analytical skills.