Lead Payroll Specialist

At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career.

Try new things, learn new skills and discover what you excel at—all from Day One.

Lead Payroll Specialist is responsible for processing payroll including regular pay, retro pay, final pay calculation for terminated employees, ACH adjustments, online and off-cycle payments, payline adjustments, reversals, and other pay-related tasks while monitoring team activities to ensure successful payroll execution. This role serves as a payroll subject matter expert, providing leadership, guidance, and operational support to ensure accurate, timely, and compliant payroll processing.

This team member plays a key role on a team responsible for supporting the timely and accurate pay and reporting requirements for more than 60,000 employees across the United States and Canada, ensuring adherence to all regulatory requirements and internal controls.

• Processes payroll using knowledge of departmental procedures, federal, state, provincial, and local wage and hour regulations, company policies, and payroll system functionality to ensure accurate and timely payroll processing.

• Serves as the Payroll subject matter expert and first point of escalation for complex payroll issues, exceptions, and operational concerns.

• Reviews, researches, and resolves complex payroll transactions and issues. Investigates root causes and recommends solutions to leadership when escalation is necessary.

• Reviews and approves designated payroll-related transactions, forms, and special payments in accordance with established policies, controls, and regulatory requirements.

• Maintains expert knowledge of payroll laws, regulations, company policies, payroll systems, and industry best practices affecting payroll operations.

• Provides payroll processing support and operational backup coverage when necessary to ensure successful payroll completion.

• Coordinates team workload, staffing coverage, and operational priorities to ensure payroll deadlines, service level agreements, and regulatory requirements are met.

• Oversees rotation schedules and backup coverage to support business continuity.

• Provides leadership, guidance, coaching, and performance feedback to Payroll Specialists and Senior Payroll Specialists to ensure consistent execution of payroll processes and quality standards.

• Coordinates daily payroll operations in the absence of Payroll Supervisors or Managers to ensure continuity of service and successful payroll execution.

• Owns payroll audit and control processes, including payroll exception reporting, post-audit reporting, pre-audit activities, payroll control monitoring, issue resolution, and follow-up activities to ensure payroll accuracy, compliance, and timely processing.

• Reviews, tracks, and monitors payroll exception reports, audit reports, control reports, outstanding items, and corrective actions.

• Identifies processing trends, control weaknesses, and training opportunities and works with team members to drive resolution.

• Communicates audit findings and payroll processing issues to Payroll Specialists and Senior Payroll Specialists, provides guidance and education, monitors corrective actions, and ensures timely completion of identified actions.

• Partners with internal and external auditors to provide payroll data, supporting documentation, process explanations, and audit responses as required.

• Owns the maintenance, consolidation, review, governance, and annual certification of payroll procedures and documentation to ensure compliance with internal controls, risk management standards, and regulatory requirements.

• Serve…