Franklin Mint Federal Credit Union · 12 hours ago
Payroll Specialist/Hybrid
Talent Management - Chadds Ford, PA 19317
Full-time
Hybrid
Senior Level
$53K/yr - $79K/yr
5+ years expFranklin Mint Federal Credit Union is seeking a Payroll Specialist to manage, coordinate, and process bi-weekly payroll and related operations. The role involves ensuring accuracy and compliance with internal policies and external regulations while supporting other departmental functions.
BankingCreditFinancial Services
Responsibilities
Completes the bi-weekly payroll processing for FMFCU and SFN in an accurate and timely manner, including:
Analyzes timecard inputs and data for coding or other errors and closes and balances timecards
Maintains an electronic database of information including timecards, exception pay, adjustments and accruals
Balances all payments and deductions processed through payroll including wage garnishments, commissions, tuition reimbursement, incentives, and retro pays, etc
Analyzes and audits payroll information and employee changes for accuracy
Manages payroll adjustments appropriately
Processes two payrolls in accordance with all internal polices and procedures, internal control systems and external regulations
Submits the deposit file to Information Technology
Reconciles payroll deposits, tax withholdings and deductions
Creates and produces all payroll reports for various parties at appropriate intervals (bi-weekly, monthly, quarterly and annually) and responds to all other ad hoc report requests
Manages and maintains all payroll related policies and procedures on an ongoing basis, including the payroll job aids, payroll schedule, and manager toolkits for both departmental and end user purposes. Ensures adequate availability through posting and communication. Researches and recommends best practices for implementation
Works through any payroll and/or tax adjustments to resolution, which may involve coordination with outside agencies. Responds to notices regarding tax filings
Manages and maintains the 401k database, including employee changes, and reviews the processing of employee deductions, loan payments, employer match and employer safe harbor. Monitors the bi-weekly electronic 401k files, to 401k vendor and makes any manual updates as necessary. Runs monthly reports to balance with 401k wire transfers
Ensures accuracy of all tax payments and distribution of W-2s. Performs all other payroll maintenance activities. Coordinates the updates of all federal, state, local and LST tax information within the payroll system with the vendor
Interprets payroll policies and advises supervisors/employees regarding same. Works closely with employees and supervisors to resolve payroll questions and issues. Identifies and rectifies any potential policy or procedure gaps as necessary
Maintains PTO database, annual holiday schedule, and holiday float schedule for each FTE classification. Ensures accruals and holidays are awarded appropriately through audits
Serves as the back up to the leave management process in its entirety. Coordinates the STD/LTD required paperwork as appropriate including communication to employees, third party vendors, payroll recording of payments and processing of deductions relative to approved leaves
Reviews, audits and reconciles invoices and processes payments for various vendors such as Paycom, Benefit TPA's, Brokers, and others as appropriate
Supports audits of new employees in HRIS
Manages the preparation of payroll related audit requests and leads the coordination of audits (payroll, 401K, Workers’ Compensation, etc.) serving as the main point of contact
Actively participates in employee education around payroll topics through various channels, including team meetings, branch visits, and during the course of contact with managers and employees
Serves as back up for the HRIS Analyst. Stays abreast of HRIS system changes and updates
Responds accurately and promptly to verifications of employment (VOE) for current and former employees
Responds accurately and promptly to general inquiries regarding Credit Union policies, procedures, and practices
Assists with records retention activities
Cross trains on other departmental functions relating to benefits and compensation
Supports the coordination and execution of employee engagement events
Remains up-to-date on regulatory changes as it relates to payroll, payroll taxation, retirement and other related benefits
Is responsible for adhering to operational controls, including compliance with all required regulations and policies such as the Bank Secrecy Act (BSA) and Office of Foreign Assets Control (OFAC) to ensure the safety and soundness of the Franklin Mint Federal Credit Union and its members
Qualification
Required
Bachelor's degree in Human Resources, Business Accounting or Finance and 5-7 years of payroll experience or equivalent experience
Strong demonstrated abilities required: Customer/Member Service, Interpersonal/Team Player, Motivated/Works Independently, Analytical/Problem Solving, Organizational Skills, Detail Oriented, Verbal/Written Skills, Microsoft Office, Prioritize/Multi-task
Ability to work a flexible schedule
Must maintain confidentiality
Knowledge of: Federal/State/Local labor and payroll reporting laws, regulations and practices, Methods and practices of payroll processing, Accounting principles and procedures relating to payroll, Payroll and Tax record keeping methods and practices
Preferred
CPP (Certified Payroll Professional) strongly preferred
Leave management experience a plus
Compensation experience a plus
Benefits
Team Based Incentives and Performance Bonus Opportunities
Referral Incentive Opportunities
Generous Paid Time Off
Medical, Dental and Vision plans
Health Savings Account with employer contribution
Flexible Spending Accounts
401K with employer contribution and match
Employer paid life insurance/AD&D
Supplemental insurance plan options
Employer paid Short and Long term disability programs
Paid Family Leave
Tuition Reimbursement
Training and Development Programs
Paid Holidays
Paid Volunteer Time Off
Employee Assistance Programs
Pet Insurance
YMCA360 Access
Company
Franklin Mint Federal Credit Union
Franklin Mint Federal Credit Union offers financial products and services, wealth management and other banking services to its customers.
201-500 employees
Funding
Current Stage
Growth StageLeadership Team
Michael Magnavita
President & Chief Executive Officer
Drew Stanley
Executive Vice President - Chief Operating Officer
Recent News
2025-06-13
2025-06-11
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