Payroll Business Analyst

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 Payroll Analyst.

In this role, you will join the team responsible for administering the day-to-day payroll processing for the Reserve Banks of the Federal Reserve System (approximately 21,000 employees).

You will be responsible for the semimonthly processing of moderately complex payrolls while ensuring compliance with US and local state regulations as well and varying payroll policies and procedures.

This includes maintaining and auditing all payroll related tasks in Workday.

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 Payroll Manager.

Onsite presence required. 

What You Will Do


* Ensure accurate and timely processing of payroll for all employees using Workday. 


* Utilize strong analytical skills to verify and reconcile payroll data. 


* Prepare and analyze payroll reports and documentation as required. 


* Provide exceptional support to customers regarding payroll inquiries. 


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


* Build relationships with key stakeholders by assessing, evaluating, and fully understanding the needs and requirements of each customer.  


* Work collaboratively with key stakeholders to address business needs and issues proactively and raise issues before they become challenging to fix. 


* Contribute to the development and design of new business processes and suggest improvements to current business processes. 


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


* Review payroll changes, regulations, and laws to determine appropriate handling in accordance with payroll practices and policies and execute action.


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


* Lead process improvement proj...