Sr Manager, Payroll and Payroll Accounting

Parker Hannifin - Lakewood, OH

Full-time - Manager

Lakewood, OH

101-250 employees

Machinery Manufacturing

About the position

The Senior Manager, Payroll and Payroll Accounting is responsible for overseeing and directing the preparation and processing of all compensation programs in the USA, including the payment of taxes, garnishments, and deductions. This role involves the preparation of monthly, quarterly, and annual reports, as well as tax reports. The Senior Manager will ensure compliance with payroll Escheatment regulations and will be tasked with defining and implementing leading practices and continuous improvement initiatives for the Team Member Compensation processing function. In this position, the Senior Manager will manage the acquisition integration for all team member compensation processing and will oversee the imputed income and year-end tax forms. The role requires analyzing, recording, and overseeing accounting entries and account reconciliations related to employee compensation benefits. The Senior Manager will also be responsible for the accurate processing of equity and executive compensation programs, ensuring proper tax equalization and hypothetical tax for expatriates in partnership with a third-party tax provider. The Senior Manager will coordinate with Total Rewards and Human Resources teams on the implementation of new programs and will work closely with IT to implement new system requirements and continuous improvement initiatives. Additionally, this role includes managing payroll tax payments and filing returns, overseeing the relationship with a third-party unemployment provider, and maintaining compliance with Audit, Sarbanes, and Tax requirements. The Senior Manager will develop metrics for continuous improvement, manage and develop staff, and maintain an organizational structure that supports current and future business needs. This position also involves overseeing Team Member Compensation processing software and maintaining relationships with internal customers and key stakeholders while ensuring the confidentiality of sensitive information.

Responsibilities

• Oversee and manage all USA compensation processing.
• Manage acquisition integration for all team member compensation processing.
• Manage imputed income and year-end tax forms.
• Analyze, record and oversee both accounting entries and account reconciliations related to employee compensation benefits.
• Ensure accurate processing of equity and executive compensation programs.
• Ensure proper tax equalization and hypothetical tax for expatriates with 3rd party tax provider partnership.
• Ensure accurate calculation of wages, tax withholdings, and company deductions via the 3rd party payroll provider.
• Ensure proper governmental reporting and compliance for payroll tax reporting with coordination with the 3rd party payroll provider.
• Coordinate with Total Rewards and Human Resources teams on implementation of new programs.
• Coordinate with IT to implement new system requirements and continuous improvement.
• Manage payroll tax payments and filing of returns.
• Manage 3rd party unemployment provider relationship.
• Manage payroll Escheatment process.
• Maintain compliance related to Audit, Sarbanes, and Tax requirements.
• Develop and establish metrics for continuous improvement.
• Develop team to provide customer support and knowledge to locations regarding team member issues.
• Manage, motivate and develop staff.
• Design and maintain an organizational structure appropriate for supporting current and future business needs.
• Oversee Team Member Compensation processing software.
• Develop and maintain relationship with internal customers and key stakeholders.

Requirements

• College Degree (Business or Accounting) or equivalent experience.
• Minimum of 5 years of payroll experience, preferred 10+ years of experience.
• Minimum of five years, preferred 10+ years of experience of payroll software system implementation experience.
• Strong management and leadership skills together with the technical requirements for the position.
• Excellent verbal, written and interpersonal communication for effective interface with both internal and external contacts.