HR Tax and Payroll Analyst at Voya Financial

Hartford, Connecticut, United States

Apply Now

Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial ServicesIndustries

Requirements

Payroll Subject matter expert
Advanced knowledge of Workday
Understanding of Voya policy, state, and federal regulations
Knowledge of FLSA, wage and hour regulations, and federal/state regulations
Ability to analyze agency notices
Experience with payroll tax returns (941, 941C, W2, W2C)
Experience with payroll accounting
Ability to interpret pay and data related to policies

Responsibilities

Produce semimonthly, monthly, and equity payrolls
Ensure compliance with Voya policy, state, and federal regulations
Serve as the point of contact for audits
Work with Outsourcing Service Provider on tax updates and complex payroll tax issues
Manage compensation calculations related to multistate tax allocations, imputed income, relocations, and yearend adjustments
Manage projects associated with the maintenance of payroll tax records
Prepare payroll tax returns and related reports
Process payroll accurately and timely in Workday
Develop and run reports to ensure accuracy of payroll data
Upload, audit, and correct payroll data from various sources
Investigate and correct data as needed
Review and maintain employee tax withholding and jurisdiction records
Review new hire tax set up for accuracy
Review deduction and tax variance reports
Assist with off-cycle paychecks and HR/payroll transactions
Maintain SUI rates in Workday
Quarter-end processing with third-party service provider for tax filing
Research and resolve out-of-balance tax situations
Work with Payroll Accounting to initiate new registrations
Manage the payroll/tax year-end reporting of W2
Verify year-to-date totals for salaries, income tax withheld, FICA, and FICA Medicare wages and deductions
Offer guidance and assistance to other staff on payroll and tax matters

Skills

Key technologies and capabilities for this role

Payroll ProcessingTax ComplianceFederal RegulationsState RegulationsMultistate Tax AllocationsImputed IncomeDeferred CompensationYearend AdjustmentsAuditsEquity Payroll

Questions & Answers

Common questions about this position

What is the employment type for this HR Tax and Payroll Analyst position?

This is a full-time position.

Is this HR Tax and Payroll Analyst role remote or office-based?

This information is not specified in the job description.

What key skills are required for the Senior Payroll and Tax Specialist role?

Advanced knowledge of Workday for processing payrolls, running reports, and maintaining records is required, along with expertise in payroll tax compliance, multistate tax allocations, imputed income, and quarter-end tax filing.

What is the company culture like at Voya Financial?

Voya Financial emphasizes a bold, action-oriented culture that values diversity, inclusion, and employees bringing their whole selves to work, fostering an environment where differences positively influence culture, client service, and communities.

What makes a strong candidate for this payroll analyst position?

Candidates with subject matter expertise in payroll processing, especially in Workday, and experience handling complex tax compliance, audits, and multistate allocations will stand out.

Voya Financial

Provides financial services and retirement solutions

About Voya Financial

Voya Financial offers a range of financial services, including retirement plans, investment management, and insurance products, to help individuals and businesses achieve financial wellness. Their services cater to individuals seeking retirement planning, employers looking to enhance employee benefits, and institutions needing tailored investment management. Voya stands out from competitors through its commitment to inclusiveness and corporate responsibility, which helps attract clients and talent. The company's goal is to build long-term relationships with clients, ensuring they achieve financial confidence and a fulfilling life.

New York City, New YorkHeadquarters

2014Year Founded

IPOCompany Stage

Fintech, Financial ServicesIndustries

5,001-10,000Employees

Benefits

Health Savings Account (HSA)

Flexible Spending Accounts (FSA)

Rally wellness program

Employee Assistance Program (EAP) and Work Life Services

Behavioral Health Family Support Program

Livongo support for diabetes, hypertension, and weight management

AccessHope cancer support

Wellthy caregiving assistance

Back-up child care and elder care

Health Advocate

ABLE accounts

Legal insurance

Identity theft protection

Voya Foundation Matching Gift Program

Risks

Increased competition from fintech companies may erode Voya's market share.

Operational challenges in integrating OneAmerica's business could affect service quality.

Regulatory scrutiny on fees may impact Voya's pricing strategies and profitability.

Differentiation

Voya's commitment to inclusiveness and corporate responsibility sets it apart in the market.

The acquisition of OneAmerica's retirement plan business expands Voya's client base significantly.

Voya's focus on digital financial planning tools enhances client engagement and satisfaction.

Upsides

Voya's ESG commitment aligns with the growing investor focus on sustainable investing.

The financial wellness market's growth offers significant opportunities for Voya's programs.

AI integration in investment management can enhance Voya's strategies and client outcomes.

Land your dream remote job 3x faster with AI

Try Jobo Free