Payroll Specialist II

$47,320 - $62,400/Yr

TD Bank - Falmouth, MA

posted 3 months ago

Full-time - Entry Level
Falmouth, MA
10,001+ employees
Credit Intermediation and Related Activities

About the position

The Payroll Specialist II plays a crucial role in the Payroll Department at TD Bank Group, responsible for a variety of tasks that ensure the accurate and timely processing of payroll. This position involves preparing, processing, and verifying the company's payroll using the payroll system, which includes handling employee verifications, entering payroll exception data, and maintaining accurate earnings and deduction records. The Payroll Specialist II must adhere to standard policies and procedures while also complying with applicable regulatory guidelines. This role requires a strong attention to detail and the ability to manage complex payroll transactions, such as garnishments, severance, and award payments. In addition to processing payroll, the Payroll Specialist II is tasked with auditing data entries to ensure accuracy and resolving moderately complex payroll issues. This includes responding to inquiries from employees and management regarding payroll matters and providing assistance to less experienced staff as needed. The role may also involve generating standard and ad hoc reports for management review and analysis, as well as verifying the routing of payroll materials to ensure proper distribution. The Payroll Specialist II is expected to maintain a high level of customer service and work well under pressure while managing multiple tasks. TD Bank Group is committed to career development, offering opportunities for training and mentorship to help employees grow within the organization. The Payroll Specialist II will benefit from regular performance conversations and access to an online learning platform, ensuring they have the resources needed to succeed in their role and advance their career.

Responsibilities

  • Prepare, process, and verify the company's payroll using the payroll system.
  • Handle employee verifications and changes not processed by the outsourced provider.
  • Enter payroll exception data and maintain accurate earnings and deduction records.
  • Manage and process complex transactions such as garnishments, severance, and award payments.
  • Verify accuracy of data entered through audit reporting.
  • Research and resolve moderately complex payroll problems.
  • Respond to inquiries from employees and management regarding payroll issues.
  • Assist less experienced staff with payroll research and inquiries as needed.
  • Generate standard and ad hoc reports for management review and analysis.
  • Verify routing of payroll materials to ensure proper distribution.

Requirements

  • High School Diploma or equivalent combination of education and work experience required.
  • 2-3 years related Payroll experience required.
  • Solid understanding of payroll procedures.
  • Proven attention to detail.
  • Excellent data entry and customer service skills.
  • Strong ability to work well under pressure while maintaining attention to detail.
  • Knowledge of basic accounting preferred.

Nice-to-haves

  • Experience with payroll systems and software.
  • Familiarity with regulatory guidelines related to payroll processing.

Benefits

  • Base salary and variable compensation/incentive awards.
  • Health and well-being benefits.
  • Savings and retirement programs.
  • Paid time off including Vacation PTO, Flex PTO, and Holiday PTO.
  • Banking benefits and discounts.
  • Career development opportunities.
  • Reward and recognition programs.
© 2024 Teal Labs, Inc
Privacy PolicyTerms of Service