Payroll Manager

Job Description Summary

Ensure the implementation of payroll corporate policies, procedures, and processes, as well as of payroll compliance with legal and company standards. Steer the overall payroll function management and processes. Manage a team of payroll analysts through leadership and advice, rather than through a direct supervisory role. Monitor the labor cost process through the budget definition, the monthly control, and the variation analysis. Provide recommendations to corporate and regional management. Monitor the proper application of law and company agreements in the field of pay and work contracts. Cooperate with the IT and other administration functions to update the payroll systems in use and to recommend modifications to standard procedures. Create liaisons with labor legal authorities. Act as a counselor to employees in issues related to nonstandard salary and deduction. This is the second level of supervision with responsibility for a payroll function for an organization with at least 1,000 employees.

Job Description

Ensure the implementation of payroll corporate policies, procedures, and processes, as well as of payroll compliance with legal and company standards. Steer the overall payroll function management and processes. Provide recommendations to corporate and regional management. Monitor the proper application of law and company agreements.  Cooperate with the IT and other administration functions to update the payroll systems in use and to recommend modifications to standard procedures. Resolve escalated issues and problems.  Provide excellent customer service, professionalism, and efficient support to staff and associates throughout the firm.

Responsibilities

Manage the processing and financial reconciliation of a complex payroll, ensuring accurate and timely processing of all regular and one-off payments.

Ensure all payments fall within regulatory and firm compliance.

Identify and support the team's individual development needs. Plan and implement actions, including continuing professional development specified by professional or regulatory institutions, to build their professional capabilities. Provide informal training or coaching to others throughout the organization in own area of expertise to enable others to improve performance and fulfill personal potential.

Evaluate the capabilities of staff within the department to identify gaps and prioritize development activities.

Manage and report on performance within the department or area of responsibility; set appropriate performance objectives for direct reports and hold individuals accountable for achieving them; take appropriate corrective action where necessary to ensure the achievement of annual business objectives.

Prepare and implement written procedures and job documentation processes.

Oversee the distribution of payroll via direct deposit and paychecks.

Interpret and apply organizational policies and procedures.

Promote use of available technology to streamline processes, improving both efficiency and accuracy.

Ensure strict confidentiality is maintained at all times.

Maintain effective working relationships with key business areas to ensure coordination on regular business activity as well as proposed changes and implementations.

Skills

Works at an advanced level to manage and implement a payroll system. Typically works independently and provides guidance.

Works at an advanced level to acquire, organize, protect and process data in order to fulfill business objectives. Typically works independently and provides guidance.

Education

Bachelor’s Degree in accounting or related discipline and a minimum of five (5) year’s experience in payroll management or equivalent combination of education, training, or experience.

Multi-state, multi-entity payroll/tax experience.

Experience with multi-faceted compensation schedule including salaried and commissioned associates.

Knowledge of Workday Payroll is preferred.

Licenses/Certifications

SIE required providing that an exemption of grandfathering cannot be applied, or ability to obtain within 90 days.

Series 99, or ability to obtain within 90 days.

CPP Preferred.

Education

Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Finance

Work Experience

General Experience – 10 to 15 years, Manager Experience - 6 to 10 years

Certifications

Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)

Travel

Workstyle

Hybrid

The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. 

Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.

At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view. We expect our associates at all levels to:

 Grow professionally and inspire others to do the sameWork with and through others to achieve desired outcomes

 Make prompt, pragmatic choices and act with the client in mindTake ownership and hold themselves and others accountable for delivering results that matter

 Contribute to the continuous evolution of the firm

At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates.  

When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.