Payroll Senior Associate

The Fannie Mae; United States; On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Health

Life Insurance

Voluntary Lifestyle Benefits

Other benefits

Job summary

The Fannie Mae is seeking a Payroll Specialist to support accurate, timely processing for a large multi-state workforce. You will collaborate with Payroll, HR, Benefits, Finance, and external partners to ensure compliant, employee-focused payroll operations.

The ideal candidate has 2+ years of full-cycle payroll experience, strong knowledge of payroll concepts, and proficiency in Excel; familiarity with Workday Payroll is a plus.

Qualifications

• 2+ years of full-cycle payroll experience in a multi-state environment.
• Strong understanding of payroll concepts, earnings, deductions, taxes, garnishments, and leave-related processing.
• Proficiency in Microsoft Excel, including Pivot Tables, XLOOKUP/VLOOKUP, and data analysis.
• Excellent communication and customer service skills; detail-oriented and accurate.

Responsibilities

• Process U.S. payrolls in accordance with schedules and SLAs.
• Validate earnings, deductions, taxes, garnishments, and leave-related payroll impacts.
• Research, analyze, and resolve payroll issues with employees, HR, Benefits, Finance, and vendors.
• Assist with year-end processing, including W-2/W-2c review and validation.
• Maintain payroll documentation and support continuous improvement initiatives.

Skills

Payroll

Multi-state payroll

Excel

Attention to detail

Communication

AI adaptability

Education

Bachelor's degree

CPP (preferred)

Tools

Workday Payroll

Job description

Playing an essential role in the U.S. economy, Fannie Mae is foundational to housing finance. Here, your expertise can help fuel purpose-driven innovation that expands access to homeownership and affordable rental housing across the country. Join Fannie Mae to grow your career and help people find a place to call home.

Job Description

As a valued colleague on our Payroll team, you will support the accurate and timely processing of payroll for a large, multi-state workforce. Working closely with Payroll, HR, Benefits, Finance, and external partners, you will help ensure payroll operations are compliant, efficient, and employee focused. The ideal candidate brings payroll expertise, a solid understanding of payroll taxation and regulatory requirements, excellent analytical skills, and a passion for delivering exceptional service. Experience with Workday Payroll is preferred but not required.

The impact you will make

• Support the processing of U.S. payrolls in accordance with established schedules and service level expectations.
• Review payroll transactions and validate earnings, deductions, taxes, garnishments, and leave-related payroll impacts for accuracy.
• Research, analyze, and resolve payroll issues and discrepancies by partnering with employees, HR, Benefits, Finance, and third-party vendors.
• Assist with payroll balancing, audits, reconciliations, and payroll validation processes to ensure accuracy and compliance.
• Support payroll tax activities, including tax notice resolution, state registrations, unemployment tax setup, and year-end reporting.
• Assist with year-end payroll processing activities, including W-2 and W-2c review and validation.
• Support administration of wage garnishments and other court-ordered deductions.
• Ensure compliance with federal, state, and local payroll regulations and company policies.
• Identify opportunities to improve payroll processes, controls, and operational efficiency.
• Maintain payroll documentation and contribute to knowledge sharing within the team.
• Protect confidential employee and payroll information with the highest level of integrity and discretion.
• Participate in testing, projects, system enhancements, and continuous improvement initiatives as needed.
• Collaborate with Payroll team members and cross-functional partners to support accurate payroll and workforce data.

Minimum Qualifications

• 2+ years of full-cycle payroll experience.
• Experience supporting payroll operations in a multi-state environment.
• Strong understanding of payroll concepts, earnings, deductions, taxes, garnishments, and leave-related payroll processing.
• Experience researching and resolving payroll issues through analysis and problem-solving.
• Proficiency in Microsoft Excel, including Pivot Tables, XLOOKUP/VLOOKUP, and data analysis techniques.
• Strong attention to detail and commitment to accuracy.
• Excellent communication and customer service skills.
• Shows curiosity and adaptability in learning and responsibly applying new technologies, including artificial intelligence, to reimagine how we work.

Preferred Qualifications

• Experience with Workday Payroll.
• Bachelor's degree or equivalent combination of education and experience.
• Certified Payroll Professional (CPP) designation or progress toward certification.
• Knowledge of federal, state, and local payroll taxation, including multi-state payroll considerations.
• Experience with payroll audits, reconciliations, compliance activities, and payroll controls.
• Experience supporting payroll-related projects, process improvements, or system implementations.
• Ability to manage multiple priorities and meet deadlines in a fast‑paced environment.
• Demonstrated ability to work independently while contributing to a collaborative team environment.

Compensation

Target Pay Range: $85,000 - $110,000 a year #LI-Hybrid #LI-ME1

Requisition compensation: 85000 to 110000

This position is eligible to participate in a Fannie Mae incentive program (subject to the terms of the program).

Benefits

As part of our comprehensive benefits package, Fannie Mae offers a broad range of Health, Life, Voluntary Lifestyle, and other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.

• Health
• Life
• Voluntary Lifestyle
• Other benefits and perks that enhance an employee's physical, mental, emotional, and financial well-being.

Location & Remote Policy

For most roles, employees are expected to work onsite on a regular basis at their designated office location. In‑office work cadence is determined by your manager. Proximity within a reasonable commute to your designated office location is preferred unless the job is noted as open to remote.

Equal Opportunity & Diversity

Fannie Mae is an equal opportunity employer and considers qualified applicants for employment without regard to race, color, religion, sex, national origin, disability, age, sexual orientation, gender identity/gender expression, marital or parental status, or any other protected factor.

Fannie Mae is committed to providing reasonable accommodations to qualified individuals with disabilities who are employees or applicants for employment, unless to do so would cause undue hardship to the company.

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