PenFed Credit Union - Alexandria, VA
posted 3 months ago
As a Senior Payroll Specialist at PenFed, you will play a crucial role in ensuring that our employees receive their paychecks accurately and on time. This position is based in our Alexandria, Virginia service center and operates in a hybrid work environment. Your primary responsibility will be to process biweekly payroll for all employees, utilizing timesheets, leave requests, and bonus files, while resolving any issues related to missing or incorrect time entries. You will work closely with employees, managers, and various business partners, including human resources and accounting, to manage the full life cycle of timekeeping and payroll. This senior-level role requires a thorough understanding of local, state, and federal tax regulations, as well as wage and hour laws, to ensure compliance in all payroll processes. In addition to processing payroll, you will assist employees and managers with complex timekeeping questions and issues, providing support to other Payroll Specialists as needed. You will be responsible for managing tax withholding and deduction records, ensuring that all necessary forms are submitted electronically where possible. Your role will also involve reviewing and processing wage garnishment requests and answering employee inquiries regarding paychecks and tax issues. You will be expected to recommend changes to payroll systems and procedures in response to evolving tax laws and organizational policies, and you will oversee local and state tax registrations to ensure timely submissions. This position requires a proactive approach to reconciliations for wages, taxes, and balances to support quarterly and annual tax filings, including the preparation of tax returns and filings. You will also assist with audits and examinations conducted by NCUA Examiners and internal auditors, ensuring that all payroll practices adhere to established policies and regulations. Overall, this role is integral to maintaining the integrity of our payroll processes and supporting the financial well-being of our employees.