Payroll Specialist Senior
Flagstar Bank
Troy, MI
Position Title
Payroll Specialist Senior
Location
Troy, MI 48098
Job Summary
Responsible for performing all duties necessary for the accurate calculation of wages, maintenance of records and distribution of payroll reports and withheld monies. Acts as a resource and provides direction to Payroll Specialist.
Job Responsibilities:
JOB RESPONSIBILITIES
Reviews, analyzes and verifies payroll reports and documents for accuracy, makes necessary adjustments or corrections through journal entries or other established procedures. Initiates payroll processing quality assurance reviews.
Analyzes and responds to complex matters requiring comprehensive knowledge of payroll policies and procedures, authorize exceptions to the policy within defined limits. Acts as a subject matter expert and/or resource to others in the area of payroll processing.
Researches and interprets a variety of complex technical information in response to inquiries. Advises, interprets and provides direction to management and staff on rules and procedures, Federal, state and local laws and regulations involving payroll.
Prepares and files a variety of local, state, and federal forms including, but not limited to, tax forms, monthly, quarterly and year end filings, responds to outside agency requests for production. Submits reports to supervisor for review.
ADDITIONAL ACCOUNTABILITIES
Performs special projects, and additional duties and responsibilities as required.
Consistently adheres to regulatory and compliance policies and standards linked to the job as listed and complete required compliance trainings. Accountable to maintain compliance with applicable federal, state and local laws and regulations.
JOB REQUIREMENTS
Required Qualifications:
Education level required: High School / High School Equivalency (GED, HiSET, TASC) / Foreign Equivalent.
Minimum experience required: 4+ Years Payroll experience.
Job Competencies:
Strong knowledge of payroll principles, practices, regulations and procedures.
Knowledge of basic accounting practices and procedures.
Strong knowledge of applicable state and federal payroll and related tax regulations, legislation and guidelines including, but not limited to writs of garnishment, child support, levies, subpoenas, non-resident alien and U.S. tax treaties.
Strength in evaluating and analyzing technical payroll activities.
Strong verbal and written communication.
Strong attention to detail.
Proven strength in ability to perform detailed computations.
Skilled in leading the work of others.
Demonstrates a strong ability to build and maintain effective relationships with stakeholders by communicating clearly, engaging in proactive collaboration, and leveraging crossfunctional insights. Aligns relationship building efforts with enterprise goals to accelerate performance and drive strategic results.
Builds trusted client relationships, whether internal or external, by identifying needs and delivering tailored solutions to enhance the overall client experience.
Fosters or supports a positive work culture and productive work environment, displaying importance of effective relationships with customers and stakeholders.
Physical demands (ADA): The job requires a moderate degree of physical exertion and stamina such as standing, sitting, walking, driving or infrequent lifting.
Flagstar is an Equal Opportunity Employer
Flagstar provides teammates access to a variety of benefits including medical, dental, vision, life, and disability insurance, as well as a comprehensive leave program. Please click the following link for detailed information: Benefits | Flagstar Bank
About the Company
Flagstar Bank
On December 1, 2022, New York Community Bank (NYCB) and Flagstar Bank joined together to become one company. Today, New York Community Bancorp, Inc. is the parent company of Flagstar Bank, N.A., one of the largest regional banks in the country. The company is headquartered in Hicksville, New York.
At June 30, 2024, the company had assets of $119.1 billion. We operate over 400 branches across 10 states, including a significant presence in the Northeast and Midwest and locations in high growth markets in the Southeast and on the West Coast. Flagstar Mortgage operates nationally through a wholesale network of approximately 3,000 third-party mortgage originators.
We believe in cultivating a diverse, inclusive, and respectful workplace that engages employees, broadens perspectives, and encourages teamwork. We hire people who represent the talents, experiences, backgrounds, and diversity of the communities we serve. Together our goal is to deliver a new energy in banking to our customers, opening new doors for financial and personal success. Customers will have access to a broad spectrum of technology, products and services—all with a shared customer-first approach. Relationships are at the center of all that we do, enhanced by our commitment to delivering local market expertise, personalized solutions, and a long-standing focus on strengthening our communities. Follow us on LinkedIn to stay up to date on news and updates, new hires, community initiatives, access to our collective insights, and banking industry updates that you need to know..