Sr. Analyst, Payroll

Five Below•Philadelphia, PA

About The Position

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 27,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in. It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or related field
5+ years of payroll experience with deep knowledge of processing, compliance, and tax
Hands-on experience with Workday Payroll required; post-implementation experience strongly preferred
Demonstrated experience owning payroll tax compliance audits and vendor relationships
Familiarity with multi-state payroll tax laws, garnishments, and year-end reporting
Strong analytical and problem-solving skills with the ability to manage large data sets accurately
Ability to operate independently, own complex workstreams, and drive to resolution without close direction
Effective communication and cross-functional collaboration skills
Advanced Excel proficiency (pivot tables, VLOOKUP, data modeling)
Ability to handle confidential information with integrity and professionalism

Nice To Haves

CPP (Certified Payroll Professional) certification or active progress toward certification
Experience managing a payroll tax vendor relationship
Exposure to international payroll operations or expansion projects

Responsibilities

Own preparation and processing of weekly and biweekly payroll for 20,000+ employees
Ensure accuracy and timeliness by reviewing payroll data for completeness and resolving discrepancies
Serve as a lead resource for troubleshooting payroll issues and escalating as appropriate
Collaborate cross-functionally with HR, Benefits, Finance, and Time & Attendance teams
Lead periodic compliance audits across all payroll tax obligations to ensure ongoing compliance
Identify discrepancies and drive resolution with internal stakeholders
Build and maintain audit documentation, internal controls, and compliance tracking processes
Serve as the internal subject matter expert on payroll tax compliance matters
Own quarterly compliance tracking and ensure timely implementation of regulatory updates
Support SOX compliance requirements as applicable to payroll and tax activities
Serve as the primary point of contact for the company’s payroll tax vendor (BSI)
Ensure taxes are assigned accurately and processed on a timely basis
Monitor vendor performance and escalate issues to leadership as appropriate
Coordinate between the vendor and internal payroll operations to resolve discrepancies
Manage vendor configuration updates resulting from regulatory or system changes
Own end-to-end payroll tax reconciliation and ensure accuracy of all tax filings
Monitor tax configuration in Workday Payroll to ensure proper withholding across all jurisdictions
Review and reconcile payroll tax adjustments, amended returns, and retroactive payments
Lead year-end tax activities including W-2 preparation, ACA reporting, and final reconciliations
Own configuration and maintenance of earnings and deductions in Workday Payroll
Partner with HR and Benefits to ensure accurate deduction setup including benefits and retirement plans
Validate system configuration changes and assess downstream payroll impact before deployment
Prepare ad-hoc, monthly, quarterly, and annual payroll reports ensuring accuracy and timeliness
Perform payroll data analysis to identify trends, errors, and process improvement opportunities
Own data reconciliation between payroll and internal systems (Time & Attendance, Accounting)
Proactively identify and lead payroll process improvements, including post-implementation optimization
Own assigned process improvement initiatives from scoping through execution
Partner with cross-functional teams to drive system enhancements and best practices
Document processes and contribute to team cross-training and knowledge transfer