Senior Payroll Operations Manager

Guggenheim Investments • New York, NY

1d • Onsite

About The Position

Guggenheim Investments is looking for an experienced Payroll Operations Manager to join our team. Reporting to the Head of Finance Operations, this role will manage a team and be responsible for overseeing the global payroll function, administration of specific compensation plans, system integrations impacting payroll (e.g. HCM, payroll platforms, benefit providers), and reporting in support of regulatory requirements. This role is based in our New York City office, full-time.

Requirements

• 10+ years' experience leading a global payroll function & team
• Bachelor’s degree in accounting, finance, business administration, or related
• Experience in financial services sector
• Payroll systems experience (ADP, Paychex, or similar product)
• HRIS experience
• Knowledge and exposure to deferred compensation plans
• Candidates must be authorized to work in the US without current or future visa sponsorship or transfer.

Nice To Haves

• Prior Investment, Private Equity, or Asset Management experience
• Strong knowledge of deferred compensation administration
• Prior ADP & Workday experience
• Certified Payroll Professional designation highly desired
• Experience and process in adding new international locations on a rolling basis as our firm expands

Responsibilities

• Overseeing all aspects of payroll processing, including bi-weekly/monthly cycles, reviewing registers, and resolving complex tax or benefit election conditions
• Managing all facets of payroll-related taxes, developing comprehensive payroll policies and internal controls, and validating vendor invoices
• In coordination with the Head of Compensation Operations, manage and review compensation transaction workflow which includes ensuring accurate and timely calculations, approving related Workday transactions (e.g. signing bonus, relocation, PTO payouts), and directing the creation and import of annual salary increases and incentive/commission amounts
• Deferred compensation plan administration which can include coordination with third-party administrators for employee updates, purchases or redemption activity, and reporting. Preparation and distribution of grant plan documents. Responsible for communication of deferred plan vesting transactions and payments for payroll processing. Focused adherence to plan documents, IRS regulations, and fiduciary responsibilities, and conducting periodic audits
• Overseeing data flows seamlessly and reliably between Workday and ADP, developing robust audit processes to validate data, and leading troubleshooting efforts for integration issues
• Identifying and championing automation initiatives to replace manual processes, establishing quality control checkpoints, and leading continuous improvement efforts to enhance efficiency and reduce errors
• This role involves serving as the lead business manager for global payroll service providers like ADP, ensuring effective execution and resolution of priorities. Additionally, it requires partnering with various internal leadership teams (Finance, HR, Benefits, Legal, IT) on strategic payroll initiatives and presenting key metrics and recommendations to senior leadership

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Number of Employees: 1,001-5,000 employees