Payroll Analyst (Tax & Accounting) (Hybrid)

First Citizens Bank • Raleigh, NC

1d • Hybrid

About The Position

This is a hybrid role (after the initial training period), with the expectation that time working will regularly take place inside and outside of a company office. We are looking for candidates who live within a commutable drivable distance to our Raleigh, NC. This position performs accounting tasks associated with the maintenance of tax returns and records for the payroll function of the Bank. Prepares, files, and monitors payroll tax returns to ensure compliance and accuracy, including management of quarterly and year-end tax processes. Responsible for the analysis and reconciliation of payroll tax returns. Provides support to tax initiatives throughout the Bank to ensure payroll tax initiatives are appropriately managed and reported.

Requirements

• Bachelor's Degree and 4 years of experience in Payroll and either Tax or Accounting OR High School Diploma or GED and 8 years of experience in Payroll and either Tax or Accounting
• License or Certification Type: Fundamental Payroll Certification (FPC) or Certified Payroll Professional (CPP) Certification
• Must be detail oriented, able to multitask and function in a fast-paced, deadline driven environment with minimal oversight.
• Must be able to work independently on assigned duties while successfully collaborating in a team friendly environment.
• Strong organizational and time management skills are important as multi-tasking is essential
• Must be adaptable and flexible to support change in regulatory environments

Nice To Haves

• Preferred Skill(s): Understanding of Generally Accepted Accounting Principles (GAAP), Knowledge of Human Resources information and payroll systems
• Proven experience in payroll tax and accounting with a bank or financial institution.
• Understanding of amended tax returns, Form W2C and prior-year adjustments
• Knowledge and understanding of debits vs credits.
• Experience with reconciling, journal entry and balancing transactions.
• Peoplesoft system experience preferred
• Knowledge of UKG software (or similar system).
• Ability to problem solve and troubleshoot independently. Effective judgement and critical thinking.

Responsibilities

• Tax Management - Responsible for tax activities within the payroll function. Ensures correct reporting of withholdings, timely filing of tax returns, and accuracy of tax provider results. Assists in year-end close activities and W2 preparation. Addresses tax-related inquiries from associates and regulatory agencies and provides ongoing relationship management of tax vendor.
• Accounting - Enters and maintains payroll information into the general ledger. May assist with end-to-end garnishment process to comply with the initiating agency's order and ongoing request for information. Recommends accounting improvements, develops necessary documentation, and drives implementation of recommended enhancements.
• Compliance - Ensures that payroll tax functions are compliant with all federal, state, and local tax regulations, engaging external legal counsel and management as needed. Resolves complex compliance matters and effectively communicates results to relevant tax authority.
• Project Support - Utilizes knowledge to support HR and Bank initiatives, including mergers and acquisitions. Develops and maintains audit tools, performs internal audits, and creates materials for internal auditors to ensure payroll tax information for projects is appropriately managed.

Benefits

• Benefits are an integral part of total rewards and First Citizens Bank is committed to providing a competitive, thoughtfully designed and quality benefits program to meet the needs of our associates. More information can be found at https://jobs.firstcitizens.com/benefits.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees