Senior Payroll Tax Accountant
Prairie Consulting Services, Chicago, IL, United States
Sr. Payroll Tax Accountant
Hybrid role: location, downtown Chicago, IL
3 days/week to work
This role will be responsible for the overall tax management of the U.S. Payroll and the quarterly/year end processes. This part of the role will perform quarterly tax reconciliations between Workday and ADP to ensure filings are complete and accurate and monitor all tax notices with ADP to ensure they are resolved in a timely manner. The role will also research and monitor regulatory and legislative changes to ensure compliance with federal, state, and local regulations. The role will assist the payroll team in performing daily payroll activities to ensure timely, accurate, and compliant payroll processing including quarterly and year-end tax activities.
Skills/Qualifications:
• 7-10 years of payroll experience required, with a sound payroll tax background
• Extensive knowledge of federal, state, and local tax regulations
• Must be familiar with all aspects of payroll processing including payroll production, quarterly reconciliations, garnishments, year-end processing, tax filings, etc.
• Solid understanding of employment taxes and GL helpful
• Workday payroll technical/systems knowledge
• Knowledge of other cross functional areas (i.e., HR, Finance, etc.)
•Degree in Accounting, Finance, Business, or related field
Workday Certification is highly sought
Responsibilities:
• Coordinate with the U.S. Payroll team and ADP to perform quarterly reconciliations, filings, amendments, and tax notices
• Review payroll adjustment requests to ensure proper authorization and compliance with payroll policies, federal, state, and local regulations. Advises team and management of appropriate corrective action when an error occurs.
• Prepare and/or monitor payroll tax activities and coordinate with Finance to reconcile identified discrepancies including processing/advising on appropriate accounting transactions to balance accounts
• Analyze existing policies, procedures, and practices to ensure compliance with federal, state, and local tax regulations. Recommends and implements modifications of existing payroll processes to ensure compliance with requirements.
• Research and monitor regulatory and legislative changes to ensure compliance with federal, state, and local regulations
• Respond to payroll inquiries to explain pay calculations, adjustments, and impact of policies, tax regulations, and related changes
• Coordinate with vendors and/or review payroll systems/applications to ensure changes submitted are correctly reflected on the payroll. May be responsible for system/application testing (e.g. WD new releases), as necessary
• Represent and lead payroll in meetings with internal teams and external vendors (e.g., responsible for direct interaction with committees, management, and internal/external auditors).
• Acquire knowledge of team members’ payroll activities to provide back up support
• Manage payroll projects/process improvement initiatives
• Conduct secondary quality reviews of payroll transactions and cross train team members
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