Commission Payroll Coordinator-2400908
Description
Job Summary:
Process all aspects of semimonthly payroll for hourly, salaried, & commissioned associates. Reconcile various payroll related general ledger accounts. Administer commission based employee salary charge, transfer pay, broker book succession, and professional partner compensation agreements.
Essential Duties and Responsibilities:
- Maintain all tax data, W4 information, direct deposit requests, transfer pay and special deals.
- Process commissions and commission related payments and changes using multiple unique, highly ambiguant systems to handle the complexity of various business unit compensation plans (ie. commissions, transfer pay, salary charges, payouts etc.)
- Reconcile draw, bonus, and salary expenses and post-tax deductions.
- Reconcile and post required transactions to the general ledger and commission based employee blotters.
- Reconcile all aspects of commissions, transfer pay, and post-tax deductions.
- Perform audits to ensure taxable wages are in balance. In addition, prepare and transmit tax liabilities for off cycle payrolls.
- Maintain policy and procedures manuals.
- Work as a liaison with the banks responsible for ACH and physical paycheck processing.
- Assist with reconciliation of commission payable accounts.
- Print and seal payroll checks.
- Reconcile Financial Advisor's blotter commissions to paycheck commissions.
- Communicate effectively with Financial Advisors.
- Run established reports for distribution to various business units.
- Perform other duties and responsibilities as assigned.
- Process term payments and ensure meeting state and federal requirements
- Calculate and process Leave Of Absence Payments.
Qualifications
Knowledge, Skills, and Abilities:
Knowledge of:
- Payroll software or ability to learn specific applications.
- Wage and Hour Law.
- Federal and state mandates including FLSA and FMLA
- Equity compensation.
- Multi state payroll taxation.
- General office practices, procedures, and methods.
- Accrual based accounting practices.
- Fundamental accounting concepts, practices, and procedures.
Skill in:
- Preparing, processing and maintaining transaction documentation, files and records.
- Communicating effectively with highly complex clients to answer questions and resolve issues.
- Gathering and compiling information from multiple sources.
- Analyzing and adjusting discrepancies.
- Operating standard office equipment and using required software applications to produce correspondence, electronic communication and maintain spreadsheets and databases.
Ability to:
- Communicate effectively, both orally and in writing, with all organizational levels.
- Review and analyze the requests from highly complex business units to ensure compliance with firm directives.
- Maneuver within unique systems to handle complex compensation setup and calculations.
- Demonstrate efficiency and flexibility in performing detailed tasks in a fast-paced work environment with frequent interruptions, changing priorities, and multiple deadlines.
- Identify and recommend solutions to problems to ensure proper payouts.
- Provide a high level of customer service.
- Maintain strict confidentiality of associate records.
Educational/Previous Experience Requirements:
- Associate’s degree (A.A.) or equivalent from two-year school or technical school; or a minimum of three (3) years of payroll experience.
- PeopleSoft vs. 9.1 or higher.
~or~
- Any equivalent combination of education, training and/or experience approved by Human Resources.
Licenses/Certifications:
Raymond James Guiding Behaviors
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
- Grow professionally and inspire others to do the same
- Work with and through others to achieve desired outcomes
- Make prompt, pragmatic choices and act with the client in mind
- Take ownership and hold themselves and others accountable for delivering results that matter
- Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
Job Accounting & Finance
Primary Location US-FL-St. Petersburg-Saint Petersburg
Organization Payroll
Schedule Full-time
Shift Day Job
Travel No
Eligible for Discretionary Bonus Yes
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