Payroll Analyst

Royal Bank of Canada•Edina, MN

1d•$55,000 - $85,000•Onsite

About The Position

The Payroll Analyst is responsible for the timely and efficient reconciliation of payroll transactions and accounts for several key payroll functions to ensure the accuracy of the general ledger, payroll funding and reporting for most of RBC’s operations in the United States. This role involves working with a collaborative and high-performing team at RBC, recognized as one of Minneapolis/St. Paul Business Journal’s top places to work.

Requirements

Bachelor’s degree in Accounting, Finance or related field with 2+ years payroll/accounting experience
Very strong communication skills (both oral and written), strong attention to detail, and well organized
Ability to set priorities and work effectively in a fast paced, deadline-oriented environment
Enthusiastically embraces change and a self-motivator with a high degree of self-sufficiency
Ability to maintain confidentiality and handle issues with discretion and good judgment.

Nice To Haves

Certified Payroll Professional (CPP)
Accounting designation
Experience with PeopleSoft and SAP a benefit

Responsibilities

Reconcile all payroll G/L accounts and review and analyze outstanding balances as well as prepare and upload G/L batch entries to PeopleSoft
Investigate and explain variances, determine action plan to remediate discrepancies, escalates and reports any issues to supervisor when necessary
Create / maintain up-to-date documentation of all processes and control procedures
Ensure compliance with internal control requirements, general ledger account reconciliation processes and regulatory reporting and serve as main contact for all payroll G/L account inquiries from team members and business partners
Track all payroll adjustments (ACH payments, ACH returns, wires, and SAP check voids, etc.) and provide reports to Finance Department to assist them with their payroll bank reconciliation
Match tax funding to bank account withdrawals daily to catch discrepancies
Handles or distributes Wells Fargo ACH Returns, Notifications of change, positive pay exceptions, and fraud filter