Sr. Analyst, Payroll

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Payroll Processing

• Own preparation and processing of weekly and biweekly payroll for 20,000+ employees
• Ensure accuracy and timeliness by reviewing payroll data for completeness and resolving discrepancies
• Serve as a lead resource for troubleshooting payroll issues and escalating as appropriate
• Collaborate cross-functionally with HR, Benefits, Finance, and Time & Attendance teams

Payroll Tax Compliance

• Lead periodic compliance audits across all payroll tax obligations to ensure ongoing compliance
• Identify discrepancies and drive resolution with internal stakeholders
• Build and maintain audit documentation, internal controls, and compliance tracking processes
• Serve as the internal subject matter expert on payroll tax compliance matters
• Own quarterly compliance tracking and ensure timely implementation of regulatory updates
• Support SOX compliance requirements as applicable to payroll and tax activities

Tax Vendor Management

• Serve as the primary point of contact for the company’s payroll tax vendor (BSI)
• Ensure taxes are assigned accurately and processed on a timely basis
• Monitor vendor performance and escalate issues to leadership as appropriate
• Coordinate between the vendor and internal payroll operations to resolve discrepancies
• Manage vendor configuration updates resulting from regulatory or system changes

Tax Configuration & Reconciliation

• Own end-to-end payroll tax reconciliation and ensure accuracy of all tax filings
• Monitor tax configuration in Workday Payroll to ensure proper withholding across all jurisdictions
• Review and reconcile payroll tax adjustments, amended returns, and retroactive payments
• Lead year-end tax activities including W-2 preparation, ACA reporting, and final reconciliations

Earnings, Deductions & System Configuration

• Own configuration and maintenance of earnings and deductions in Workday Payroll
• Partner with HR and Benefits to ensure accurate deduction setup including benefits and retirement plans
• Validate system configuration changes and assess downstream payroll impact before deployment

Data Analysis & Reporting

• Prepare ad-hoc, monthly, quarterly, and annual payroll reports ensuring accuracy and timeliness
• Perform payroll data analysis to identify trends, errors, and process improvement opportunities
• Own data reconciliation between payroll and internal systems (Time & Attendance, Accounting)

Process Improvement

• Proactively identify and lead payroll process improvements, including post-implementation optimization
• Own assigned process improvement initiatives from scoping through execution
• Partner with cross-functional teams to drive system enhancements and best practices
• Document processes and contribute to team cross-training and knowledge transfer

Education & Experience

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field
• 5+ years of payroll experience with deep knowledge of processing, compliance, and tax
• Hands-on experience with Workday Payroll required; post-implementation experience strongly preferred
• Demonstrated experience owning payroll tax compliance audits and vendor relationships
• Familiarity with multi-state payroll tax laws, garnishments, and year-end reporting

Skills & Abilities

• Strong analytical and problem-solving skills with the ability to manage large data sets accurately
• Ability to operate independently, own complex workstreams, and drive to resolution without close direction
• Effective communication and cross-functional collaboration skills
• Advanced Excel proficiency (pivot tables, VLOOKUP, data modeling)
• Ability to handle confident