Sr. Payroll Tax Accountant
Apply NowCompany: Synectics Inc.
Location: Chicago, IL 60629
Description:
Job Description:
Qualifications:
Benefits:
Healthcare Insurance: Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics.
Dental Insurance: Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.
Vision Insurance : Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.401(k) Plan: The Synectics Inc. Investment Savings Retirement Plan. Synectics offers all employees who are 21 years of age or older the opportunity to invest in the 401(k) Plan on the first enrollment date that is at least 30 days after employment begins. Enrollment dates are each January 1st, April 1st, July 1st, and October 1st.
Technical Certification Bonus: Synectics is pleased to award its employees a bonus of up to $500 for an approved professional certification. In determining the bonus amount, Synectics will consider the cost of the test(s) for any certification relating to your current position, achieved during your employment with us. Only one Certification Bonus per calendar year may be awarded per employee. Only current, active employees will be eligible to receive this bonus. It will be awarded 90 days after the Synectics office has received documentation confirming the successful completion of the certification.
Synectics is an equal opportunity employer.
- This role will be responsible for the overall tax management of the U.S. Payroll and the quarterly/year end processes.
- This part of the role will perform quarterly tax reconciliations between Workday and ADP to ensure filings are complete and accurate and monitor all tax notices with ADP to ensure they are resolved in a timely manner.
- The role will also research and monitor regulatory and legislative changes to ensure compliance with federal, state, and local regulations.
- The role will assist the payroll team in performing daily payroll activities to ensure timely, accurate, and compliant payroll processing including quarterly and year-end tax activities.
- Coordinate with the U.S. Payroll team and ADP to perform quarterly reconciliations, filings, amendments, and tax notices
- Review payroll adjustment requests to ensure proper authorization and compliance with payroll policies, federal, state, and local regulations.
- Advises team and management of appropriate corrective action when an error occurs.
- Prepare and/or monitor payroll tax activities and coordinate with Finance to reconcile identified discrepancies including processing/advising on appropriate accounting transactions to balance accounts
- Assist in performing daily payroll activities to ensure timely, accurate, and compliant payroll processing including quarterly and year-end tax activities
- Analyze existing policies, procedures, and practices to ensure compliance with federal, state, and local tax regulations.
- Recommends and implements modifications of existing payroll processes to ensure compliance with requirements.
- Research and monitor regulatory and legislative changes to ensure compliance with federal, state, and local regulations
- Respond to payroll inquiries to explain pay calculations, adjustments, and impact of policies, tax regulations, and related changes
- Coordinate with vendors and/or review payroll systems/applications to ensure changes submitted are correctly reflected on the payroll.
- May be responsible for system/application testing (e.g. WD new releases), as necessary
- Represent and lead payroll in meetings with internal teams and external vendors (e.g., responsible for direct interaction with committees, management, and internal/external auditors).
- Acquire knowledge of team members' payroll activities to provide back up support
- Manage payroll projects/process improvement initiatives
- Conduct secondary quality reviews of payroll transactions and cross train team members
- Responsible for reviewing/Supporting JR level tax individuals
- Hours: 8am - 5pm CST
Qualifications:
- Bachelor's Degree in Accounting, Finance, Business, or related field required
- 7-10 years of payroll experience required, with a sound payroll tax background
- Workday Certification is highly sought
- Extensive knowledge of federal, state, and local tax regulations
- Must be familiar with all aspects of payroll processing including payroll production, quarterly reconciliations, garnishments, year-end processing, tax filings, etc.
- Solid understanding of employment taxes and GL helpful
- Attention to detail, ability to work independently and collaboratively, strong organizational skills, and deadline driven
- Workday payroll technical/systems knowledge
- Proficient with MS office (i.e., Excel)
- Excellent analytical and problem solving skills with a focus on continuous improvement
- Able to multi-task in a high paced environment
- Knowledge of other cross functional areas (i.e., HR, Finance, etc.)
- Excellent oral and written communication skills
Benefits:
Healthcare Insurance: Synectics offers eligible employees and their dependents healthcare coverage through BlueCross BlueShield of Illinois. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics. Premiums are subsidized by Synectics.
Dental Insurance: Synectics offers eligible employees and their dependents a dental plan through MetLife. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.
Vision Insurance : Synectics offers eligible employees vision insurance through VSP. Eligibility begins on the 1st day of the calendar month following 60 days of continuous full time employment with Synectics.401(k) Plan: The Synectics Inc. Investment Savings Retirement Plan. Synectics offers all employees who are 21 years of age or older the opportunity to invest in the 401(k) Plan on the first enrollment date that is at least 30 days after employment begins. Enrollment dates are each January 1st, April 1st, July 1st, and October 1st.
Technical Certification Bonus: Synectics is pleased to award its employees a bonus of up to $500 for an approved professional certification. In determining the bonus amount, Synectics will consider the cost of the test(s) for any certification relating to your current position, achieved during your employment with us. Only one Certification Bonus per calendar year may be awarded per employee. Only current, active employees will be eligible to receive this bonus. It will be awarded 90 days after the Synectics office has received documentation confirming the successful completion of the certification.
Synectics is an equal opportunity employer.