US Payroll Compliance & Overpayment Lead

Date Posted:

2024-11-22

Country:

United States of America

Location:

UT6: 4 Farm Springs 4 Farm Springs Road, Farmington, CT, 06032 USA

Position Role Type:

Hybrid

RTX Corporation is an Aerospace and Defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises three industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, and Raytheon. Its 185,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, VA.

To realize our full potential, RTX is committed to creating a company where all employees are respected, valued and supported in the pursuit of their goals. We know companies that embrace diversity in all its forms not only deliver stronger business results, but also become a force for good, fueling stronger business performance and greater opportunity for employees, partners, investors and communities to succeed.
 

The following position is to join our RTX Corporate, Enterprise Services, Research Center or BBN team: 

The US Payroll Compliance & Overpayment Lead will be responsible for oversight, execution, and coordination of payroll compliance and controls activities under the direction of the Sr. Director US Payroll.  This role will also serve as the US Payroll Overpayment process owner responsible for process execution, process controls, and efficiencies.  This role is accountable to ensure consistent, timely and high-quality business outcomes and serves as a subject matter expert with regards to RTX’s payroll standards.   

What You Will do:

• Payroll controls oversight, execution, and coordination of all activities such as audit focal point, SOD management, SOX control adherence, etc.
• Overpayment process owner and governance of vendor process support team and related functions.
• Identify and drive process efficiencies, standardizations, and compliance for US Payroll Overpayment process and Compliance activities.
• Collaborate with business partners to adhere to and maintain payroll compliance.
• Collaborate with key stakeholders on problem solving, cross functional projects, and key initiatives.
• Serve as an escalation point for complex overpayment inquiries.
• Foster an environment for a positive employee experience (e.g. proactive communications, timely and complete inquiry responses).
• Provide timely and accurate data reporting, as required.
• Support internal and external audits inclusive of proper documentation, as required.
• Support execution of long-term business strategy and operational direction.
• Assist with cost savings measures to allow for adherence to financial plan.
• Manage incidents caused by and impacting US Payroll Overpayment team.
• Lead Governance team meetings with vendor team.
• Maintain a high level of controls and compliance along with proper oversight to financial impacts (overpayments).
• Report out process metrics efficiently and timely.

Qualifications You Must Have:

• This role typically requires a bachelor’s degree in business, accounting or finance and 8 years of experience or an advance degree and 5 years of relevant experience. In lieu of a degree 12 years of relevant work experience, schooling/certifications may be considered.
• Minimum of 5 years of payroll experience preferably gained in a large corporation or outsourced/BPO environment.
• U.S. citizenship is required, as only U.S. citizens are authorized to access the financial management system due to government contractual requirements."
• At least 5 years’ experience and knowledge of Sarbanes Oxley controls, payroll process controls, payroll taxation, separation of duties (SOD) management, business continuity planning in payroll or related industry
• At least 5 years’ experience leading internal and external audits in a large corporation or outsourced/BPO environment
• At least 5 years’ experience with ADP, Workday, or other enterprise payroll systems.

Qualifications We Prefer:

• Strong working experience leading a small team with internal and/or vendor business partners
• Proven experience driving process efficiencies, standardizations, and compliance for US Payroll processes
• General knowledge of Excel, Microsoft Office Suite, Service Now, and other efficiency tools
• Prior experience with or knowledge of process improvement methodologies.