Payroll Tax Analyst
Payroll Tax Analyst
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Job Description
Company
Federal Reserve Bank of RichmondWhen you join the Federal Reservethe nations central bankyoull play a key role collaborating with a dynamic and diverse team of missiondriven professionals to strengthen and protect our economy and our communities.Bring your passion and expertise and well provide the opportunities that will challenge you and propel your growthalong with a wide range of benefits and perks that support your health wealth and life. In addition to competitive compensation we offer a comprehensive benefits package that includes tuition assistance generous paid time off topnotch health care benefits child and family care leave professional development opportunities a 401(k) match pension and more. All brought together in a flexible work environment where you can truly find balance.
About the Opportunity
The System Payroll department has an immediate opening for a Tax Analyst. In this role you will be responsible for administering daytoday payroll tax processing which includes maintaining and auditing all tax related tasks in Workday for assigned Districts across the Federal Reserve System (approximately 21000 employees). You will be responsible for processing semimonthly payroll taxes for moderately complex payrolls while ensuring compliance with Federal State and Local regulations including multistate taxes. You will act as a liaison with service providers for tax filings and invoice reconciliations and will respond to questions and special requests from internal departments Reserve Banks employees ADP and tax authorities. You will provide consultation to customers by performing research and analysis of data to solve problems of varying complexity. As needed you may support other areas of the department and perform project work. This role will report to the System Payroll Senior Manager.
What You Will Do:
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 setups deposits and filings for taxes; research and resolve tax notifications; process and reconcile Forms W2 W2 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 uptodate knowledge of unique payroll policies and procedures for the System.
Participate in crosstraining opportunities.
Qualifications:
Associate or Bachelors degree in Accounting or Finance preferred or equivalent experience in multistate tax compliance regarding federal state and local payroll taxes regulations reciprocities etc.
35 years (Intermediate) or 6 years (Senior) of payroll tax experience including multistate 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
Discover the Reason Why So Many People Love It Here!
When you join the Richmond Fed not only will you find a challenging and purposeful career youll also have access to a wide range of benefits and perks that support your health and wealth including:
Great medical benefits
Pension and 401(k) with employer match
Paid time off
Tuition reimbursement
Paid volunteer leave
Flexible work options
Onsite amenities that make working here fun
Other Requirements and Considerations:
Candidates should review the Banks Employee Code of Conduct to ensure compliance with conflictofinterest rules and personal investment restrictions.
If you need assistance or an accommodation due to a disability please notify .
Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including but not limited to requirements to vaccinate or test mask social distance etc..
Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.
The hiring range for the Tax Analyst is: Intermediate: $; Senior $
Salary offered will be based on the job responsibilities and the individuals knowledge skills and experience as defined in the job qualifications.
Applications are reviewed on a rolling basis. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.
Full Time / Part Time
Full timeRegular / Temporary
RegularJob Exempt (Yes / No)
YesJob Category
Information Technology Family GroupWork Shift
First (United States of America)The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.
Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.
Required Experience:
IC
Employment Type
Full-Time
