Payroll Specialist - Morristown, NJ

Payroll Specialist

At Valley Bank, we believe in people's growth potential. We invest in it. We protect it. We focus it. For nearly 100 years, we've been the bank that clients from every industry turn to for our expertise, strategies, and advice building the kind of trust that can fuel every goal. We are the leading relationship bank built for growth with over $60 billion in assets, 3,800 experts, and more than 200 consumer branches and commercial banking offices in communities across the US.

At Valley, we're all driven by an ambition that goes deeper than just having a job. That's why when you work for us, we make it our goal to help you focus on what drives you working to turn your passions and strengths into assets you can use to propel your ambitions and build the professional legacy you want. Because when we say we're a relationship bank built for growth, that's not just reserved for our clients that includes all our associates as well.

The Payroll Specialist facilitates multiple payroll processes under the direction of the Payroll Manager. Ensures accuracy and data integrity of employee time and attendance records.

Expected Work Hours

40 a week

Job Description

Responsibilities include but are not limited to :

• Processes the eTime hours file for the subsidiary companies. Compiles general ledger entries for assigned subsidiary companies.
• Administers special payments including referrals, commission payments, sign-on bonuses and retroactive pay calculations.
• Audits new hire information and sets up tax profiles accordingly. Performs audit on time and labor management profile and makes any necessary changes.
• Reviews timecards for accuracy and communicates with employees and managers regarding inconsistencies or missing information.
• Reviews and approves all employee self-service submissions for direct deposit and tax changes. Reviews and approves all non-monetary submissions from managers for employee job related changes.
• Approves termination submissions, reviews final timecards and calculates vacation payout.
• Serves as point of contact for unemployment claims. Monitors claim information and communicates with People Resources Partners for support and documentation. Responds to unemployment compensation inquiries in a timely manner.
• Generates payroll reports for timecard punches, overtime, special payments made, etc.
• Responds to requests for payroll related reports from the People Resources team and managers throughout the bank.
• Reviews state regulations and recommends modifications needed to our processes.

Requirements

Full-time / Part-time : Full-time

Location(s) : 70 Speedwell Ave, Morristown, New Jersey 07960, United States

Total Rewards Summary

We provide a comprehensive and competitive total rewards package including base salary determined by factors such as the role, relevant experience, skill set, and geographical location. Eligible positions may also be eligible to receive commission-based compensation and / or discretionary incentive compensation, which may be awarded as cash or forfeitable equity, recognizing individual performance and contributions.

In addition to financial compensation, we offer a robust suite of benefits tailored to meet diverse employee needs based on eligibility criteria. These include comprehensive health care and insurance plans, retirement savings options, tuition and adoption reimbursement programs, paid time off, mental health support, and other valuable benefits programs. Further details regarding total compensation and benefits will be shared during the hiring process.

Pay Range

The estimated pay range for this job. Disclosing pay information promotes competitive and equitable pay. The actual pay rate will depend on the person's qualifications and experience.

$23.17 - $38.65 / hour

Pay Transparency

In order to support the Fair Compensation Strategy by the US Govt., HR Dept., clients are required to adhere to "Pay Transparency Law"; in the impacted states; that have mandated the employers to list the salary ranges in Job advertisements or postings for job opportunities and Job promotions.

Valley National Bank is an Equal Opportunity / Affirmative Action Employer. All qualified applicants are encouraged to apply, and will be considered without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, protected veteran status, or other legally protected characteristics, and will not be discriminated against on the basis of disability.