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Canopy Mortgage · 9 hours ago

Payroll Processor

Lindon, UT

Full-time

Hybrid

Entry Level

$55K/yr - $72K/yr

1+ years exp

Canopy Mortgage is a company specializing in mortgage services, and they are seeking a Payroll Processor to manage payroll processing and administration. The role includes calculating and processing payroll, ensuring compliance with regulations, and providing employee support regarding payroll inquiries.

ConsultingFinancial ServicesLendingMortgage

Responsibilities

Process bi-weekly and/or semi-monthly payroll for corporate staff, branch employees, and commissioned loan originators

Calculate and process: Hourly wages and salaried compensation, Commissions and LO compensation per approved compensation plans, in coordination with Staff Accountant, Discretionary and non-discretionary bonuses, Overtime, PTO, and other wage components, Draws, Advances and Recoveries, including reconciliations of balances due, Annual taxable stipends and/or other wage gross up activities in accordance with company policies

Review payroll registers prior to submission and resolve discrepancies

Enter/create and/or review/confirm timely and accurate entry of all commission and bonus profiles for new employees and existing employee plan changes

Process LO compensation in accordance with: Dodd-Frank and Regulation Z LO Compensation rules, Company-approved LO compensation plans, Restrictions on per-loan or transaction-based discretion

Coordinate with Accounting and Compliance to ensure: Commission amounts align with funded loan reports, No prohibited compensation adjustments are made, Audit documentation is retained for exams and internal reviews

Ensure proper withholding and remittance of: Federal, state, and local payroll taxes, Multi-state tax allocations for remote and branch employees, Login and verify current tax rates (SUI and other) and ensure timely update in Paylocity

Ensure proper withholding and accruals of Employer and employee paid premiums associated with all employee benefit plans/programs

Maintain compliance with: Wage and hour laws (FLSA), State-specific payroll requirements, Garnishments, levies, and child support orders

Assist with quarter-end and year-end payroll reporting (941s, W-2s, state filings)

Respond to employee payroll inquiries professionally and confidentially

Assist with: New hire payroll setup, confirming accuracy & completion, Termination pay processing, including writing off benefit balances in arrears, PTO balances and final pay compliance

Coordinate with HR on benefit deductions, changes, and eligibility

Maintain payroll files, approvals, and supporting documentation

Participate timely and wholly in department organizational workflows such as month end checklists, workflow checklists, change management checklists, and other as assigned

Ensure segregation of duties and adherence to internal control procedures

Support internal audits, external audits, and regulatory exams as needed

Identify process improvement opportunities to increase efficiency and accuracy