Payroll Analyst at Federal Reserve Bank (FRB) in Chicago, Illinois

Job Description:

Company

Federal Reserve Bank of Chicago

The Federal Reserve Bank of Chicago has an immediate opening for a Payroll Analyst.

As a payroll analyst, you will prepare and process the payroll for the Federal Reserve Bank of Chicago. You will also compile and record employee time and payroll data, preparing monthly account reconciliations and journal entries, reviewing exception reports and documenting control logs.

Responsibilities:

• Verify, process, and issue employee paychecks and statements of earnings and deductions


• Analyze, record, and enter data in payroll system (i.e., wages, deductions, time worked, etc.)


• Review and compile employee time sheets, production, wage computation, and other payroll data and records to identify and reconcile payroll discrepancies


• Respond to payroll inquiries and conflict resolution from employees


• Plan coordinate payroll activities and resources to ensure payroll deliverables are completed on time and within budget


• Prepare multiple transactions, including vendor payments and credits, Same-Day Settlement entries with other Reserve Banks, employee receivables, and difference account write-offs


• Develop communications (i.e., emails, memos, presentations, etc.) for different audiences throughout the Bank


• Support management and department contacts on payroll time and labor processes by developing reference guides and providing training


• Plan, support and coordinate small to medium size projects

Your Qualifications:

• Bachelor's degree


• 1 to 3 years of direct work experience


• Experience with payroll processing system


• Advanced knowledge of Excel (can perform complex functions)

Our Benefits:

• Comprehensive benefits package includes medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria


• A continuous learning environment with opportunities to gain new skills and grow your career

Additional Requirements:

• This role is a hybrid work model in Chicago.


• As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank’s ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status

Full Time / Part Time

Full time

Regular / Temporary

Regular

Job Exempt (Yes / No)

Yes

Job Category

Human Resources

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.

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