Payroll Processor

Description

• Process bi-weekly and/or semi-monthly payroll for corporate staff, branch employees, and commissioned loan originators
• Calculate and process:
  • Hourly wages and salaried compensation
  • Commissions and LO compensation per approved compensation plans, in coordination with Staff Accountant
  • Discretionary and non-discretionary bonuses
  • Overtime, PTO, and other wage components
  • Draws, Advances and Recoveries, including reconciliations of balances due
  • Annual taxable stipends and/or other wage gross up activities in accordance with company policies
• Review payroll registers prior to submission and resolve discrepancies

• Enter/create and/or review/confirm timely and accurate entry of all commission and bonus profiles for new employees and existing employee plan changes
• Process LO compensation in accordance with:
  • Dodd-Frank and Regulation Z LO Compensation rules
  • Company-approved LO compensation plans
  • Restrictions on per-loan or transaction-based discretion
• Coordinate with Accounting and Compliance to ensure:
  • Commission amounts align with funded loan reports
  • No prohibited compensation adjustments are made
  • Audit documentation is retained for exams and internal reviews

• Ensure proper withholding and remittance of:
  • Federal, state, and local payroll taxes
  • Multi-state tax allocations for remote and branch employees
  • Login and verify current tax rates (SUI and other) and ensure timely update in Paylocity
• Ensure proper withholding and accruals of Employer and employee paid premiums associated with all employee benefit plans/programs
• Maintain compliance with:
  • Wage and hour laws (FLSA)
  • State-specific payroll requirements
  • Garnishments, levies, and child support orders
• Assist with quarter-end and year-end payroll reporting (941s, W-2s, state filings)

• Respond to employee payroll inquiries professionally and confidentially
• Assist with:
  • New hire payroll setup, confirming accuracy & completion
  • Termination pay processing, including writing off benefit balances in arrears
  • PTO balances and final pay compliance
• Coordinate with HR on benefit deductions, changes, and eligibility

• Maintain payroll files, approvals, and supporting documentation
• Participate timely and wholly in department organizational workflows such as month end checklists, workflow checklists, change management checklists, and other as assigned
• Ensure segregation of duties and adherence to internal control procedures
• Support internal audits, external audits, and regulatory exams as needed
• Identify process improvement opportunities to increase efficiency and accuracy

• Bachelor’s degree in Accounting or Business related field, or experience in lieu
• 1-2 years of accounting and/or payroll experience, preferably in financial services, mortgage, or banking industries.
• Familiarity with HRIS systems such as Paylocity or similar
• Strong understanding of payroll cycle, commission calculations and/or other mortgage related accounting and payroll procedures.
• Proficient with Microsoft Excel
• Strong organizational skills and attention to detail.
• Ability to meet deadlines, prioritize tasks, and work independently with minimal supervision.
• Strong analytical skills and ability to investigate and resolve discrepancies.
• Excellent communication skills, both written and verbal.

• Standard office environment; remote flexibility may be considered at discretion of management
• Will consider remote candidate

$55K-72K DOE, including bonus.

Would like to hire on-site, but would consider remote and/or hybrid.