Senior Payroll Tax Analyst - Federal Reserve Bank (FRB)

Company

Federal Reserve Bank of Richmond

At the Richmond Fed, we’re driven by our mission to strengthen the economy and our communities. We take great pride in what we do, because what we do impacts everyday people every day.

When you join our team, you’ll become part of a culture that welcomes differences, cares about our communities, and empowers each other to lead from where we are to make things better.

Bring your passion and we’ll provide challenging and purposeful careers in a variety of fields, opportunities to grow and a wide range of benefits and perks that support your health and wealth. It’s all part of what makes #MyRichmondFed a great place to work!

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. Additionally, you will provide consultation to customers by performing research and analysis of data to solve problems of varying complexity. This role will report to the Senior Payroll Manager.

What You Will Do:

• Use Workday, ADP SmartCompliance, and Perspective Concepts (ImageNow) 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. Document resolutions for process improvements going forward.
• 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, and raises 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 for new or existing staff.

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’ prior 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
• Employee resource networks
• 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 rich.recruitment@rich.frb.org.
• 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.
• Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications/experience.
• The hiring range for the Tax Analyst is:
  • Intermediate: $63,000 – 80,000 annually
  • Senior: $80,000-100,000
• Applications are reviewed on a rolling basis.

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Analytical

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. 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.

Privacy Notice