TD Bank

Payroll Tax Manager

TD Bank • $80K — $110K *
Mount Laurel, NJ 08054In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Undergraduate degree
  • 5+ years relevant experience in payroll and compliance
  • Strong analytical and problem-solving skills
  • Detail-oriented with a high level of accuracy
  • Excellent communication abilities, both written and oral
  • Proficient in Microsoft Office Suite, particularly Excel and Access
  • Strong understanding of compliance regulations and payroll processes

Responsibilities

  • Perform payroll tax analysis and reconcile tax information
  • Create and modify reports as needed for management
  • Coordinate maintenance of payroll records and generate required tax forms
  • Ensure accuracy of reports and compliance with regulations
  • Act as a liaison for audits and compliance-related projects
  • Implement process improvements for payroll efficiency
  • Identify and escalate compliance risks and control gaps

Benefits

  • Opportunities for growth and skill development
  • Support for team collaboration and continuous learning
  • Positive work environment promoting diversity
  • Access to resources for personal performance management
  • Flexibility in managing workload with service level agreements
Full Job Description
Work Location:
Mount Laurel, New Jersey, United States of America

Hours:
40

Pay Details:

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:
Human Resources
Job Description:

The Payroll Specialist II is responsible for processes and activities related to tax and/or compliance in the Payroll Department. This includes the timely processing of tax and/or general ledger activities in compliance with bank policies, procedures, guidelines and all federal, state and local regulations.

Depth & Scope:
  • Demonstrates deep expertise across a broad range of products, services, systems, and processes within their domain, with a strong understanding of cross-functional interdependencies and enterprise-wide impact. Proactively identifies, investigates, and resolves complex, non-standard operational, reporting, compliance and process challenges with minimal guidance
  • Drives measurable improvements in quality, efficiency, and strategic outcomes across multiple business units or functional areas
  • Makes informed decisions on process optimization and capacity planning, guided by enterprise frameworks, while balancing operational continuity and long-term scalability
  • Translates complex technical and procedural information into actionable insights; sets clear performance expectations and navigates sensitive or high-stakes issues with discretion and influence
  • Acts as a Payroll subject matter expert in compliance activities


Education & Experience:
  • Undergraduate degree
  • 5+ years relevant experience
  • Sound knowledge and understanding of the operating environment, business process and procedures, and transaction lifecycle for own area
  • Requires general understanding of the overall function and/or businesses supported
  • Organized self-starter with excellent analytical, problem-solving and time management skills
  • Detail oriented, high level of accuracy and ability to work independently
  • Strong communication skills, both oral and written
  • Strong PC skills including Microsoft Office, Excel, Access and PowerPoint
  • Strong customer orientation, interpersonal and communication skills to deal effectively with all levels of staff


Customer Accountabilities:
  • Performs payroll tax analysis duties including reconciling periodic & quarterly tax information, working with tax agency representatives to resolve outstanding issues, researching tax tracers/notices
  • Creates and modifies reports as needed
  • May generate standard and ad hoc reports for management review and analysis
  • Coordinates the maintenance of payroll records and reports including the generation of tax forms and other reports required by regulation
  • Ensures accuracy of reports and adherence to regulatory requirements
  • May work with federal/state/provincial personnel and payroll vendor to resolve escalated issues as needed
  • Supports acquisition activity including setting up location codes, notifying state agencies, auditing reports and completes unusual and non-routine issues
  • Responsible for various routine duties reconciling all tax reports and quarterly files in conjunction with the third-party provider, monitoring audit reports and working with payroll processors to make sure transactional work is properly adjusted
  • Responsible for the monthly/quarterly/annual reporting to all federal and provincial authorities as required
  • Maintains current knowledge of related processes and procedures
  • Develops and implements procedures to ensure resolution to recurring issues
  • Interacts with various employees in cross-functional areas to resolve issues and develop solutions
  • Makes process improvement recommendations to management and assists in the planning and implementation of solutions
  • Responds to and resolves inquiries from management regarding payroll issues, findings or other inquiries
  • Researches escalated inquiries regarding tax or accounting transactions
  • Accountable for identifying and escalating compliance risks, control gaps, and emerging regulatory issues
  • Supports the remediation of findings classified as either formal issues or MUCs (Matters Under Consideration), ensuring alignment with the Issues Management Framework and timely resolution
  • Acts as a liaison for internal and external audits, ensures that all documentation and evidence required for testing are complete and submitted on time. Supports audit readiness and helps track the execution of remediation plans.
  • Serves as key contributors to compliance-related projects, ensuring that deliverables are met and that changes are implemented in accordance with regulatory expectations. This includes supporting regulatory change management initiatives and participating in cross-functional reviews
  • Acts as a key contributor to projects impacting payroll, ensuring deliverables are completed and documented in partnership with Payroll Leadership
  • Contributes to the design and optimization of payroll processes to maintain compliance and improve efficiency


Shareholder Accountabilities:
  • Prioritizes and manages own workload to meet SLA requirements for service and productivity
  • Consistently exercises discretion in managing correspondence, information and all matters of confidentiality; escalates issues where appropriate
  • Be knowledgeable of practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area
  • Protects the interests of the organization - identifies and manages risks, and escalates non-standard, high-risk transactions / activities as necessary
  • Conducts internal and external research projects; supports the development/delivery of presentations / communications to management or broader audience
  • Conducts reporting and/or meaningful analysis at the functional or enterprise level using results to draw conclusions, make recommendations, assess the effectiveness of programs/ policies/ practices
  • Monitors service, productivity and assesses efficiency levels within own function and implements continuous process / performance improvements where opportunities exist
  • Acquires and applies expertise in the discipline, provides guidance, assistance and direction to others
  • Identifies, recommends and effectively executes standard practices applicable to the discipline
  • Adheres to internal policies/procedures and applicable regulatory guidelines
  • Keeps abreast of emerging issues, trends, and evolving regulatory requirements and assesses potential impacts
  • Maintains a culture of risk management and control, supported by effective processes in alignment with risk appetite
  • May lead work streams by acting as a project lead / subject matter expert for small scale projects / initiatives in accordance with project management methodologies


Employee/Team Accountabilities:
  • Participates fully as a member of the team, supports a positive work environment that promotes service to the business, quality, innovation and teamwork and ensures timely communication of issues/ points of interest
  • Supports the team by continuously enhancing knowledge / expertise in own area and participates in knowledge transfer within the team and business unit
  • Keeps current on emerging trends/ developments and grows knowledge of the business, related tools and techniques
  • Participates in personal performance management and development activities, including cross training within own team
  • Keeps others informed and up to date about the status / progress of projects and/or all relevant or useful information related to day-to-day activities
  • Contributes to the success of the team by willingly assisting others in the completion and performance of work activities; provide training, coaching and/or guidance as appropriate
  • Contributes to a fair, positive and equitable environment that supports a diverse workforce
  • Acts as a brand ambassador for your business area/function and the bank, both internally and/or externally


Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%
  • Domestic Travel - Occasional
  • International Travel - Never
  • Performing sedentary work - Continuous
  • Performing multiple tasks - Continuous
  • Operating standard office equipment - Continuous
  • Responding quickly to sounds - Occasional
  • Sitting - Continuous
  • Standing - Occasional
  • Walking - Occasional
  • Moving safely in confined spaces - Occasional
  • Lifting/Carrying (under 25 lbs.) - Occasional
  • Lifting/Carrying (over 25 lbs.) - Never
  • Squatting - Occasional
  • Bending - Occasional
  • Kneeling - Never
  • Crawling - Never
  • Climbing - Never
  • Reaching overhead - Never
  • Reaching forward - Occasional
  • Pushing - Never
  • Pulling - Never
  • Twisting - Never
  • Concentrating for long periods of time - Continuous
  • Applying common sense to deal with problems involving standardized situations - Continuous
  • Reading, writing and comprehending instructions - Continuous
  • Adding, subtracting, multiplying and dividing - Continuous


The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

About TD Bank

TD Securities offers a range of advisory and capital market services to its clients. The company's range of services includes research, investment banking, capital markets, and global transaction banking. Research consists of commodity and equity research. Investment banking consists of mergers, acquisitions, industry expertise, and credit origination. Global transaction banking consists of trade finance, cash management, and correspondent banking. TD Securities was founded in 1855 and is based in Ontario.

TD Bank Careers

Join the vibrant team at TD Bank, one of North America's leading financial services organizations, where innovation, leadership, and growth go hand in hand. At TD Bank, we are committed to fostering a culture of diversity and inclusion, making it an ideal place for ambitious professionals to thrive. Work You’ll Do At TD Bank, your professional journey is bolstered by a robust support system. From your first interview to every career milestone, you will find opportunities for growth and leadership. Our team is dedicated to helping you develop the skills necessary for success in the ever-evolving financial sector. TD Bank offers a variety of job opportunities across multiple fields, from customer service to investment banking. Each position at TD Bank is a chance to contribute to our culture of innovation and exceptional client service. Internship Programs Kickstart your career with a TD Bank internship. Our programs provide invaluable industry exposure and hands-on experience, making them a perfect starting point for students and recent graduates eager to make their mark in the banking industry. Interns at TD Bank enjoy the unique opportunity to work alongside seasoned professionals, gaining insights that are crucial for future employment. Benefits and Growth TD Bank is deeply committed to the well-being and continuous growth of our team members. We offer competitive benefits packages that cover health, finance, and family care. Our employees enjoy comprehensive health insurance, retirement plans, and generous paid time off, among other perks. Moreover, TD Bank encourages professional development through various training programs, including leadership development and diversity training. These initiatives ensure that our team remains at the forefront of industry standards and best practices. Join Our Team Explore the numerous career paths available at TD Bank and discover how your skills and interests align with our mission. We are actively hiring and continually looking for talented individuals who are passionate about banking and customer service. Networking and Professional Development At TD Bank, we believe in the power of networking and collaboration. Our employees have access to a wide range of networking events, workshops, and seminars that promote career development and professional growth. These platforms not only enhance your professional skills but also expand your industry connections. Stay Connected Keep up to date with the latest at TD Bank Careers by subscribing to our job alert emails. Tailor your subscription to match your career preferences and get the latest news, insider tips, and job opportunities delivered straight to your inbox. Explore job opportunities at TD Bank and be part of a team that values hard work, creativity, and a diverse workplace culture. Your next great career move is just a click away. SEARCH TD BANK JOBS Join us at TD Bank and let your ambition lead you to a rewarding career filled with opportunities to learn, grow, and innovate.
Learn more about TD Bank
Size
90,000 employees
Market Cap
$117.9 billion
Industry
Finance & Insurance
Net Income
-$6.9 million
5 Year Trend
+6.6%
* Ladders Estimates

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