Payroll Specialist
GroqSalary not specified
Full Time
Mid-level (3 to 4 years)
Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial Services, Human ResourcesIndustries
Requirements
- High School Diploma, GED, or equivalent certification
- At least 1 year experience in payroll tax
- At least 1 year experience with Multi-State payroll (5,000+ employees)
- Understanding of the gross to net calculation inclusive of pre/post tax deductions and taxable benefits
- Strong understanding of end to end payroll and payroll tax laws and regulations
- Preferred Qualifications
- Associate degree
- Professional certification such as FPC or CPP
- 1+ years experience in Payroll Tax
- 1+ years experience with Workday HR System
- 1+ years experience with ADP SmartCompliance
- 1+ years experience with Salesforce case management
- Leadership experience
- Demonstrated customer service skills, attention to detail, and decision making skills
- Accustomed to fast paced environment
- Strong desire to grow and learn
- Local Tax Experience
- Familiarity with pay and benefit programs
- Proficient experience working with Google Suite
- Excellent verbal and written communications
Responsibilities
- Supports Tax & Garnishment Team’s critical functions with an emphasis on creating efficiencies through continuous improvement
- Creates strong working relationships with payroll partners (Benefits, Comp, etc.)
- Supports garnishment function including analysis, processing, and associate support
- Identify, create, and deliver associate pay impact communications due to tax law changes
- Ability to complete a gross pay to net pay payroll calculation outside of the payroll system and explain to Associates with questions about their pay
- Assists other Capital One HR Partners as needed, to resolve errors and maintain or update accurate information in the payroll system
- Performs a variety of regularly scheduled and ad-hoc audits of the payroll data to maintain compliance with established standards
- Assists in year-end W-2 preparation, bonus payroll, and equity processing
Skills
Workday
Payroll Processing
Tax Compliance
Garnishment Processing
State Tax Registration
Payroll Audits
W-2 Preparation
Gross to Net Pay Calculation
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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