Payroll Tax Analyst
Company | The Federal Reserve System |
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Location | Richmond, VA, USA |
Salary | $63000 – $105000 |
Type | Full-Time |
Degrees | Bachelor’s, Associate’s |
Experience Level | Mid Level, Senior |
Requirements
- Associate or Bachelor’s degree in Accounting or Finance preferred or equivalent experience in multi-state tax compliance regarding federal, state, and local payroll taxes, regulations, reciprocities, etc.
- 3 or more years of payroll tax experience including multi-state processing for large organizations
- Workday knowledge required
- Fundamental Payroll Certification (FPC) from American Payroll Association or Certified Payroll Professional (CPP) preferred
- Critical thinking, data analysis and presentation skills
- Proficient interpersonal skills and ability to work with people at all levels of the organization
- Requires creativity, innovation, and initiative to research and recommend operational changes
- Advanced Excel and PowerPoint skills required
Responsibilities
- Use Workday and ADP SmartCompliance to ensure the accuracy of payroll taxes, verifying tax data integrity and analyzing tax performance.
- Ensure tax compliance; complete tax audits; ensure accurate and timely set-ups, deposits, and filings for taxes; research and resolve tax notifications; process and reconcile Forms W-2, W-2 Correction, and 941.
- Identify, troubleshoot, and resolve tax issues, ensuring that process improvements are implemented.
- Perform complex analysis of major business issues and proactively search for and recommend sustainable solutions utilizing established methodology and tools.
- Review, compile and analyze detailed and complex statistics and data for major business issues, providing guidance and collaboration in completing analysis, information, or process mapping.
- Build relationships with key stakeholders by assessing, evaluating, and fully understanding the needs and requirements of each District. Partner with key stakeholders to address business needs and issues proactively.
- Lead process improvement projects, participate in System initiatives, and present outcomes and actionable recommendations to senior management.
- Contribute to the development and design of new business processes, suggest improvements to current business processes, addressing issues before they become challenging to fix.
- Monitor the environment for new or potential risks and evaluate implications of risks on tax processes, policies, or practices.
- Review tax changes, regulations, and laws to determine appropriate handling in accordance with tax practices and policies and execute action; Provide guidance to local payroll functions based on changes and assist with communication and implementation.
- Provide oversight, direction, and expertise to local payroll functions and drive standardization.
- Maintain up-to-date knowledge of unique payroll policies and procedures for the System.
- Participate in cross-training opportunities.
Preferred Qualifications
- Associate or Bachelor’s degree in Accounting or Finance preferred
- Fundamental Payroll Certification (FPC) from American Payroll Association or Certified Payroll Professional (CPP) preferred