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Senior Payroll Analyst

Envestnet
United Statesfull_timeVerifiedPosted 6 Jun 2024
💰 $110,000/yr($75,000/yr$110,000/yr)

About the role

Envestnet is seeking a passionate and talented Senior Payroll Analyst to join our Human Resources team.   

Envestnet is transforming the way financial advice and wellness are delivered. Our mission is to empower advisors and financial service providers with innovative technology, solutions, and intelligence to make financial wellness a reality for everyone.

Since our founding 20 years ago, we are fully vested in helping people live an intelligent financial life. If you love the idea of working in a Fintech company with the environment and excitement of a start-up where you are making everyday impact - then read on.

Job Summary:

Reporting to the Payroll Manager, the Senior Payroll Analyst actively participates in earnings, supplemental, off-cycle, and stock payroll processing and auditing. The Senior Payroll Analyst will also engage in multiple simultaneous Workday HCM and Payroll projects focused on improving payroll accuracy, daily functionality, and employee and manager experiences. This position will serve as the subject matter expert (SME) supporting, assessing, and advancing the usage of HR technology solutions. The Senior Payroll Analyst position will be responsible for delegating and prioritizing work, managing escalation inquiries, and working with team members to meet deadlines.

The Senior Payroll Analyst will actively participate in the entire project life cycle of requirements gathering, configuration, testing, training, documenting, and deploying the project. The Senior Payroll Analyst will help ensure the accuracy and completeness of payroll transactions with a focus on non-standard processing, including employee-level tax adjustments and company-level configuration. Accuracy responsibilities include overseeing and validating including team manual entries, stock options and RSU processing. Attention to detail and mindfulness of the big picture is essential for success in this role. 

Job Responsibilities:

  • Maintains strict confidentiality over employee data and information.
  • Works with managers and employees, being a senior point of contact, to ensure that queries and problems are resolved promptly, delivering excellent customer service.
  • Serves as back-up for Payroll Manager and other team members when they are out of the office.
  • Leads and participates in audits of the payroll system, as needed.
  • Leads in the review and development of payroll processes, procedures and systems including a strong focus on functionality and control. Create and maintain up to date standard operating procedures, as needed.
  • Coordinates with functional and technical staff, leads system-related projects and initiatives (such as new releases, adoption and implementation of new functionality and business process configuration changes) in HR and Payroll.
  • Supports testing of compliance at year-end (401(k), Health Savings Accounts, W-2s, etc.).
  • Collaborates with Workday Community and user groups to resolve issues found within Workday and to proactively remain informed about Workday enhancements.
  • Assists with annual audits as needed, including 401(k), Worker’s Compensation and various payroll audits.
  • Provides excellent customer service to all employees and internal/external partners.
  • Maintains tax jurisdiction setup in partnership with payroll tax team.
  • Works with Payroll Manager and HR to ensure the smooth onboarding of new/acquired employees.
  • Coordinates with internal partners to ensure processes are streamlined, documented, and without error.
  • Develops ad hoc reports as requested by Payroll management.
  • Identifies opportunities for process and operational improvements utilizing standard configurations.
  • Adherence to and application of Envestnet legal, compliance, risk, business continuity and administrative policy within the role and department(s) including the timely completion of training & awareness, affirmations and testing as requested. 
  • As part of the responsibilities for this role, you will understand and readily support Envestnet's established corporate business practices, policies, internal controls and procedures designed to create value or minimize risk.

Required Qualifications: 

  • 5-10 years of experience processing and analyzing a multi-state and multi-national payroll.
  • 1+ years of Workday experience (HCM and Payroll) str

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Company

Envestnet

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