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Payroll Analyst

Company: Brookfield Asset Management
Location: New York
Posted on: April 11, 2021

Job Description:

Brookfield Asset Management ("Brookfield") is a leading global alternative asset manager with approximately US$600 billion in assets under management across real estate, infrastructure, renewable power, private equity, and credit. Brookfield owns and operates long-life assets and businesses, many of which form the backbone of the global economy. Utilizing its global reach, access to large-scale capital and operational expertise, Brookfield offers a range of alternative investment products to investors around the world - including public and private pension plans, endowments and foundations, sovereign wealth funds, financial institutions, insurance companies and private wealth investors. Brookfield Management is listed on the New York and Toronto stock exchanges under the symbols BAM and BAM.A, respectively.

The Human Resources Services (HRS) group is an internal function providing global operations and business supports across Brookfield Asset Management business segments.

Position Summary

Reporting to the Manager of Payroll, the Payroll Analyst is responsible for supporting the US payroll operations team. The role is split equally between customer service/relations management and technical expertise in payroll processing and tax compliance for all levels of employee: salaried & hourly employees, executive, union and non-union employees, director's fees, and retirees, and benefits. The Analyst will ensure compliance with federal, state and local legislation as well as Fair Labor Standards Act that applies to payroll and as well as compliance with company policies and SOC1 requirements.

The Analyst partners with HRIS, Business Unit HR and Accounting/Finance stakeholders to ensure payrolls and remittances are accurate and complete. S/he will complete quarterly balancing, prepare year-end tax files and ensure accuracy of employee tax forms as well as answer general employee and HR inquiries related to pay and tax.

The Analyst, Payroll & Tax Compliance will work with the Brookfield HRIS team from time to time, for Workday HRIS payroll and benefits configuration updates, requesting and managing payroll related change requests and full validation of test results prior to production deployment.

Key Accountabilities

  • Responsible for receiving, assessing and validating employee changes (New Hire, Termination, Status), and entering pay changes (Salary, Bonus, Severance, 401k, Health & Welfare Benefits)
  • Complete bi-weekly payroll processing including validations and settlement
  • Serve as US Payroll tax subject matter expert within HR, Finance, as well as ensuring Workday is configured correctly for all payroll taxation
  • Ensure accurate and timely processing of tax filing on a pay period, monthly, quarterly and annually, minimizing the risk of penalties and interest
  • Co-ordinate changes of custom reports, journals, new payroll codes as required within the payroll team, partnering with HR Service Desk (HRSD) and HRIS
  • Ensure on-going, quarterly and year-end reporting is balanced and filed in accordance with legislation and deadlines are met
  • Conduct various payroll audits to ensure accuracy and quality control and work with auditors as required
  • Manage payroll projects partnering with the individual payroll analysts, HR, finance and HRIS teams
  • Create and maintain all process documentation for existing and new processes
  • Prioritize and manage process improvement opportunities
  • Maintain continuous level of engagement across all team member and stakeholders
    Candidate Profile
    • Minimum 5 years of payroll experience (specifically processing and running payroll)
    • FPC certification required; CPP preferred
    • Excellent understanding of payroll and accounting
    • Service Oriented and capable of working in a high volume, fast paced environment - Shared Services experience preferred
    • Experience with large multi frequency, multi type, multi jurisdiction payrolls
    • Working knowledge of Workday
    • Strong relationship management skills, with a focus on internal client management
    • Advanced knowledge of Microsoft Excel and Word
    • Excellent verbal and written communication skills
    • Employs exceptional interpersonal skills
      Brookfield welcomes and encourages applications from people with disabilities. Accommodations are available on request for candidates taking part in all aspects of the selection process.

      For More Details, We Encourage Applicants To Read Brookfield's Applicant Data Protection And Privacy Notice, Found On Our Website

      At Brookfield, we care about your privacy and strive to protect Applicant Data throughout the recruitment process. To that end, information that we gather from applicants via job postings, is used solely for the purposes of recruiting and hiring.

Keywords: Brookfield Asset Management, New York , Payroll Analyst, Accounting, Auditing , New York, New York

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