Payroll Tax Analyst

Federal Reserve System; Atlanta (GA); On-site; USD 63,000 - 80,000; Full time

Job summary

Join the Federal Reserve as a Tax Analyst and take on a pivotal role in payroll tax processing for a large organization. You'll manage compliance with Federal, State, and Local regulations while collaborating with a team to improve processes and support over 21,000 employees. A comprehensive benefits package and growth opportunities await you.

Benefits

Tuition assistance

Generous paid time off

Comprehensive health care benefits

401(k) match

Pension

Qualifications

• 3-5 years (Intermediate) or 6+ years (Senior) experience in payroll tax compliance.
• Workday knowledge required.
• Fundamental Payroll Certification preferred.

Responsibilities

• Administer payroll tax processing and compliance.
• Coordinate with service providers for tax filings and resolve issues.
• Ensure tax compliance through audits and accurate filings.

Skills

Critical thinking

Data analysis

Interpersonal skills

Creativity

Presentation skills

Education

Associate or Bachelor’s degree in Accounting or Finance

Tools

Workday

ADP SmartCompliance

Excel

PowerPoint

Job description

Company Federal Reserve Bank of Richmond When you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The System Payroll department has an immediate opening for a Tax Analyst. In this role, you will be responsible for administering day-to-day payroll tax processing which includes maintaining and auditing all tax related tasks in Workday for assigned Districts across the Federal Reserve System (approximately 21,000 employees). You will be responsible for processing semimonthly payroll taxes for moderately complex payrolls while ensuring compliance with Federal, State and Local regulations, including multi-state taxes. You will act as a liaison with service providers for tax filings and invoice reconciliations and will respond to questions and special requests from internal departments, Reserve Banks, employees, ADP, and tax authorities. You will provide consultation to customers by performing research and analysis of data to solve problems of varying complexity. As needed, you may support other areas of the department and perform project work. This role will report to the System Payroll Senior Manager.

What You Will Do:

• Use Workday and ADP SmartCompliance to ensure the accuracy of payroll taxes, verifying tax data integrity and analyzing tax performance.

• Ensure tax compliance; complete tax audits; ensure accurate and timely set-ups, deposits, and filings for taxes; research and resolve tax notifications; process and reconcile Forms W-2, W-2 Correction, and 941.

• Identify, troubleshoot, and resolve tax issues, ensuring that process improvements are implemented.

• Perform complex analysis of major business issues and proactively search for and recommend sustainable solutions utilizing established methodology and tools.

• Review, compile and analyze detailed and complex statistics and data for major business issues, providing guidance and collaboration in completing analysis, information, or process mapping.

• Build relationships with key stakeholders by assessing, evaluating, and fully understanding the needs and requirements of each District. Partner with key stakeholders to address business needs and issues proactively.

• Lead process improvement projects, participate in System initiatives, and present outcomes and actionable recommendations to senior management.

• Contribute to the development and design of new business processes, suggest improvements to current business processes, addressing issues before they become challenging to fix.

• Monitor the environment for new or potential risks and evaluate implications of risks on tax processes, policies, or practices.

• Review tax changes, regulations, and laws to determine appropriate handling in accordance with tax practices and policies and execute action; Provide guidance to local payroll functions based on changes and assist with communication and implementation.

• Provide oversight, direction, and expertise to local payroll functions and drive standardization.

• Maintain up-to-date knowledge of unique payroll policies and procedures for the System.

• Participate in cross-training opportunities.

Qualifications:

• Associate or Bachelor’s degree in Accounting or Finance preferred or equivalent experience in multi-state tax compliance regarding federal, state, and local payroll taxes, regulations, reciprocities, etc.

• 3-5 years (Intermediate) or 6+ years (Senior) of payroll tax experience including multi-state processing for large organizations

• Workday knowledge required.

• Fundamental Payroll Certification (FPC) from American Payroll Association or Certified Payroll Professional (CPP) preferred.

• Critical thinking, data analysis and presentation skills.

• Proficient interpersonal skills and ability to work with people at all levels of the organization.

• Requires creativity, innovation, and initiative to research and recommend operational changes.

• Advanced Excel and PowerPoint skills required.

Discover the Reason Why So Many People Love It Here!

When you join the Richmond Fed, not only will you find a challenging and purposeful career, you’ll also have access to a wide range of benefits and perks that support your health and wealth, including:

• Great medical benefits

• Pension and 401(k) with employer match

• Paid time off

• Tuition reimbursement

• Paid volunteer leave

• Flexible work options

• Onsite amenities that make working here fun

Other Requirements and Considerations:

• Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict-of-interest rules and personal investment restrictions.

• If you need assistance or an accommodation due to a disability, please notify [e-mail].

• Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).

• Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.

• The hiring range for the Tax Analyst is: Intermediate: $63,000-80,000; Senior $85,000-105,000.

• For candidates located near other Federal Reserve locations, outside of Richmond, VA, the listed hiring and salary ranges may be adjusted based on your geographic location.

• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications.

• Applications are reviewed on a rolling basis. Always verify and apply to jobs on Federal Reserve System Careers or through verified Federal Reserve Bank social media channels.

Full Time / Part Time Full time Regular / Temporary Regular Job Exempt (Yes / No) Yes Job Category Information Technology Family Group Work Shift First (United States of America)

The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

Always verify and apply to jobs on Federal Reserve System Careers ( https://rb.wd5.myworkdayjobs.com/FRS ) or through verified Federal Reserve Bank social media channels.

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