Payroll and Benefits Specialist

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Payroll and Benefits Specialist

About Us:

Headquartered in Chicago, Performance Trust Capital Partners, LLC is an investment bank that combines Wall Street scale with the agility of an independent, employee-owned firm. We help financial institutions uncover overlooked opportunities, navigate complexity, and make decisions grounded in insight—not impulse. Our work is focused on long-term impact and relationships built on what matters most: trust and enduring performance.

Reporting to the SVP of HR Operations, the Payroll and Benefits Specialist is responsible for running payroll, administering benefits, and supporting broader HR operations as the firm grows, including HRIS management, ESOP administration, employee support, and UK payroll.

This role is well-suited for someone who thrives in a high-volume, deadline-driven environment, manages competing priorities independently, and holds themselves accountable to a high standard of accuracy and follow-through. Performance Trust is growing quickly, and this role will expand with it, including exposure to international payroll and the opportunity to shape how HR operations scale.

• Process semi-monthly payroll accurately and on time, managing the full cycle from pre-processing through submission, audit, and final confirmation.
• Administer new hire and termination payroll actions, including partial pay calculations, tax setup verification, and benefit deduction adjustments.
• Manage post-payroll responsibilities each cycle, including 401(k) funding, HSA uploads, and confirmation to Finance and relevant stakeholders.
• Administer benefit deductions each pay period, including FSA, commuter benefits, and 401(k) contributions, ensuring accuracy and compliance with IRS limits.
• Maintain multi-state payroll compliance, including tax jurisdiction setup, address change processing, and regulatory notifications.
• Prepare and maintain payroll records, reports, and documentation in support of audits, tax filings, and year-end W-2 preparation.
• Serve as the primary point of contact for employee payroll questions, including pay inquiries, paystub requests, and communication on anything affecting an employee's check.
• Compile and deliver payroll reports for Finance, HR leadership, and other internal stakeholders as requested.
• Respond to inquiries from government agencies, Finance, and auditors, and support documentation requests related to payroll compliance and reporting.
• Support UK payroll administration and contribute to payroll setup in new countries as the firm expands.

• Administer day-to-day benefits including enrollments, changes, terminations, billing audits and COBRA, ensuring accuracy and timely processing across all plans.
• Lead open enrollment end to end, including plan setup, premium updates, carrier file feed management, employee communications, and training sessions.
• Serve as the primary point of contact for all benefits questions and claims escalations, providing responsive and knowledgeable support to employees at all levels.
• Present benefits during new hire orientation and serve as an ongoing resource for employees navigating their coverage.
• Administer the 401(k) plan including enrollment, contribution changes, loans, rollovers, distributions, required notices, and census reporting; participate as a member of the 401(k) committee.
• Administer the firm's Employee Stock Ownership Plan (ESOP), including enrollment, policy management, distributions, census reporting, and employee education on the benefit.

• Maintain workforce data in Paylocity, ensuring confidentiality, accuracy, and data integrity through periodic audits.
• Process HR transactions in a timely manner: separations, transfers, promotions, and compensation changes.
• Prepare ad hoc and recurring reports for HR leadership and the executive team.
• Serve as a resource to employees and managers for Paylocity technical support.
• Identify manual or inefficient processes and build workflows, automations, and documented procedures that scale as the organization grows.