Payroll Specialist

The role

SoFi is searching for a Payroll Specialist to support our growing business. The Payroll Specialist works within the Payroll Team preparing, processing and balancing the entire U.S. payroll. This position will handle employee inquiries, and work with the Finance and HR departments to ensure payroll is processed accurately and in compliance with statutory regulations. By joining SoFi, you're joining a new kind of finance company based around speed, transparency, and alignment with our members' interests.

What you'll do

• Process regular and off-cycle payrolls (bi-weekly, semi-monthly, or monthly) for assigned employee populations
• Ensure accurate calculation of wages, overtime, shift differentials, bonuses, commissions, and retroactive pay
• Review and reconcile payroll reports prior to submission to ensure compliance and accuracy
• Validate timekeeping data and resolve discrepancies in coordination with managers and HR
• Process manual checks as needed for terminations, bonuses and lost checks
• Assist with payroll audits and respond to agency inquiries
• Responsible for complying with local, state and federal payroll regulations
• Respond to employee inquiries concerning payroll ensuring high customer satisfaction
• Performs periodic internal audits of various payroll areas and prepare materials for external or internal auditors
• Identify process gaps and recommend improvements to enhance efficiency and accuracy
• Document payroll procedures and maintain internal controls
• Support compliance with SOX or internal audit requirements
• Provides support for special projects assigned by the Payroll Manager

What you'll need

• 3+ years' experience processing payroll
• Knowledge of Workday systems desired
• Proficiency in Gmail and Microsoft Office Suite is essential with intermediate or advance Excel skills
• Excellent customer service skills with an ability to effectively handle and resolve employee inquiries and issues.
• Solid understanding of federal and state wage and hour laws including payroll taxes, withholding, deductions and garnishments
• Must exhibit strong personal integrity and be capable of working with sensitive information and keeping sensitive information confidential.
• Ability to meet project deadlines and prioritize tasks with focus on results and accuracy of the payroll.
• Ability to function in a highly collaborative environment
• Attention to detail and the ability to maintain a high level of accuracy under pressure
• Organizational, Multi-Tasking and Prioritization skills
• Exemplary Communication skills
• Experience using a ticketing system such as ServiceNow or Jira

Compensation and Benefits

• The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate's experience, skills, and location.
• To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

New York applicants: Notice of Employee Rights

We are unable to accommodate remote work from Hawaii, Alaska or Puerto Rico at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.