Sr. Payroll Specialist

Fortune Brands - Deerfield, IL

Full-time - Mid Level

Deerfield, IL

Fabricated Metal Product Manufacturing

About the position

The Sr. Payroll Specialist at Fortune Brands Innovations, Inc. is responsible for supporting payroll processing, general ledger postings, and reconciliation of payroll payments. This role requires expertise in payroll processes, particularly within the Workday platform, and a strong understanding of payroll accounting principles and tax regulations. The ideal candidate will contribute to enhancing payroll efficiency and compliance while collaborating with various finance teams.

Responsibilities

• Reconcile and process multiple general ledger files by division accounting for all differences, including support of questions regarding the entries, correcting errors within the payroll systems and providing adjustments as needed.
• Reconcile and resolve payroll tax submissions through ADP Smart Compliance.
• Reconcile and process weekly integrations with funding to third parties accounting for all differences for net pay, taxes, garnishments, etc.
• Process payments for highly compensated employees including Stock, Non-Qualified, and other Perquisites/Programs with an understanding of state and federal tax implications to ensure compliance.
• Collaborate with multiple Finance teams to gather requirements for payroll account postings to multiple general ledgers.
• Conduct financial analysis of payroll-related expenses, including labor costs, benefits, taxes, and other payroll-related liabilities, to identify trends, variances, and opportunities for improvement.
• Identify opportunities for process improvement to enhance payroll efficiency, accuracy, and compliance.
• Serve on cross-departmental teams and provide payroll accounting support for project teams including acquisitions.
• Support new procedures/projects and improvements due to business changes, operational requirements, strategic initiatives, and legal requirements.

Requirements

• 5+ years of experience in processing payroll and supporting payroll accounting
• Deep understanding of payroll processes, payroll tax, regulations, and compliance requirements
• Experience using Microsoft Office Suite (Word, Excel, and PowerPoint)
• Strong analytical and problem-solving skills, with the ability to reconcile accounts and resolve discrepancies
• Strong attention to detail and discretion
• Excellent time management and organizational skills

Nice-to-haves

• Bachelor's degree in Accounting, Finance, Business Administration, or similar or equivalent experience
• Experience using ADP SmartCompliance system
• Understanding of Workday report building from payroll results
• Ability to partner with others and collaborate across the organization
• Proven ability to multitask and manage multiple competing priorities
• Ability to thrive in a fast-paced, collaborative, dynamic, and results-driven environment.

Benefits

• Comprehensive health plans
• Market-leading 401(k) program with company contribution
• Product discounts
• Flexible time off benefits (including half-day summer Fridays)
• Inclusive fertility/adoption benefits
• Employee Resource Groups to support inclusivity