The Inland Real Estate Group Of Companies - Oak Brook, IL
posted 4 months ago
The Payroll Specialist at The Inland Real Estate Group of Companies is a critical role responsible for managing all aspects of employee payroll across multiple federal employer identification numbers (FEINs). This position involves processing payroll accurately and on time, ensuring compliance with applicable laws and regulations. The Payroll Specialist will review timesheets, address discrepancies, and manage benefit and tax withholdings for new hires. Additionally, the role includes calculating unused vacation accruals for separating employees and entering periodic and annual increases, including retroactive wages. Maintaining the payroll system and processing paychecks according to the established schedule is a key responsibility of this position. In this role, the Payroll Specialist will consolidate timesheet information and enter data into payroll databases, calculate paycheck amounts, and distribute funds to employee accounts. The position requires a high level of integrity and adherence to company policies and procedures. The Payroll Specialist will also be responsible for reconciling approved hours from timesheets with calculated paychecks in the Ceridian Dayforce payroll system, generating and reconciling biweekly payroll totals with the payroll general ledger file, and providing necessary supporting payroll documents to the accounting department. The Payroll Specialist will assist the Payroll Manager by responding to state and local tax notices, managing payroll tax reconciliation, including quarterly tax filings and retroactive unemployment tax rate changes, and handling wage garnishments as necessary. The role also involves preparing scheduled reports for upper management and the finance department, preparing monthly invoices for intercompany fund billing, and ensuring compliance with all changes made to employee records. Other duties may be assigned as needed, making this a dynamic and essential position within the organization.