Sr. Payroll Analyst
Elkton, MD, US
Terumo Medical Corporation (TMC) develops, manufactures, and markets a complete, solutions-based portfolio of high-quality medical devices used in a broad range of applications for numerous areas of the healthcare industry. TMC places a premium on providing customers with world-class products, training and education programs that drive clear economic value, better clinical outcomes and improved quality of life for patients. TMC is part of Tokyo-based Terumo Corporation; one of the world’s leading medical device manufacturers with $6+ billion in sales, 30,000+ employees worldwide and operations in more than 160 nations. Terumo Medical Corporation is comprised of two strategic business divisions: Terumo Interventional Systems and Terumo Medical Products.
We believe that the future is bright for everyone at Terumo. We work with the future in mind to generate lasting change, create a bigger impact and produce greater outcomes for today, and for decades to come.
At Terumo we believe in the power of personal growth and will encourage you to get in the driver's seat - progressing in the direction you want to go by deepening your skills throughout your career. We want you to be bold, think outside the box, experiment, innovate and deliver what's next for quality healthcare. You will be part of a collaborative, respectful and resilient team of associates and leaders around the world, working together as partners to achieve more than you thought possible, providing real-world, impactful solutions for patients.
Join us and help shape wherever we go next!
Advancing healthcare with heart
Job Summary
The Senior Payroll Analyst will perform and oversee all activities for processing assigned payrolls, including maintaining related records for all managed C&V and TAH subsidiaries. The incumbent is responsible for documenting and updating payroll process and procedures. She/he may train TAH Subsidiary payroll staff. This individual will verify compliance with federal and state payroll requirements and stay current with changes in the law.
Job Details/Responsibilities
o Processes payroll for several assigned business entities including Expatriate, Puerto Rico and Canada payrolls
o Assist with Quarterly and Annual Audit by third party vendor (vehicle reimbursements, relocation, etc.)
o Documenting and updating Payroll Procedures and Processes
o Assist with the rollout of new processes, including regulation changes to TAH Subsidiaries
o Facilitate and/or participate in biweekly payroll meetings with TAH Subsidiaries to discuss best practices and help resolve issues.
o Research and prepare reports for Management such as â AAP requirements, Data Integrity, headcount/turnover, etc.
o Enter and maintain 401k loan deductions and goals for TAH and its subsidiaries to ensure compliance with 401k plan document
o Analyze, research and respond to taxing authority notices and inquires
o Responsible for eTime security profile setup to ensure proper manager/user access, reset ADP Portal password and troubleshoot user access issues.
o Facilitate payroll meetings with all TAH payroll staff to discuss changes in procedures and resolve issues.
o Interact with Associates on payroll and tax related inquiries and take actions to lead to the resolution.
o Assist with system upgrades, establishing testing criteria for updates and participate in User Acceptance and Parallel Testing
o Perform other job-related duties as required
o Finance and Accounting
o Interface with Finance and Accounting personnel to maintain and update payroll and tax variable inputs into other related financial / budgeting and planning system.
o Conducts various research projects and responds to inquiries related to payroll, taxes, credit/debit postings etc.
Knowledge, Skills and Abilities (KSA)
- Knowledge of payroll processing reconciliations, reporting, and payroll tax compliance in a multi-state environment preferred
- Exercise discretion, judgement, confidential and tact in dealing with all issues
- Knowledge of various payroll and HRIS applications
- Strong organizational and communication skills
- Strong interpersonal skills
- Excellent analytical skills
- Ability to work effectively in teams
Qualifications/ Background Experiences
- Associate degree and of minimum of 8 years of payroll specific experience, ADP Enterprise, ADP eTIME or equivalent combination of education, training and payroll work experience
- CPP designation a plus
- Must be proficient in Microsoft Word, Excel, PowerPoint, and Outlook
It is Terumo’s policy to provide equal employment opportunity to all its employees and applicants for employment regardless of their race, creed, color, national origin, age, ancestry, nationality, marital or domestic partnership or civil union status, sex, pregnancy, gender identity or expression, disability status, liability for military service, protected veteran status, sexual orientation, atypical cellular or blood trait, genetic information (including the refusal to submit to genetic testing), or any other category protected by law. As a Company, we value diversity of background and opinion, and prohibit discrimination or harassment on the basis of any legally protected class in the areas of hiring, recruitment, promotion, transfer, demotion, training, compensation, pay, fringe benefits, layoff, termination or any other terms and conditions of employment.
Final compensation packages may be higher or lower than what is listed, and will ultimately depend on factors including relevant experience, internal equity, skillset, knowledge, geography, education, business needs and market demand. We provide competitive and comprehensive benefit options which include: annual bonus, paid vacation, paid holidays, health, dental and vision benefits, 401(k), with matching contributions, tax advantage savings accounts, legal plan, voluntary life and AD&D insurance, voluntary long-term disability, short term disability, critical illness and accident insurance, parental leave, personal leave, tuition reimbursement, travel assistance, and an employee assistance program. Pay range: $73K - 101K