About the Position

Reporting to the Chief Financial Officer and serving as an integral member of the firm, the Payroll Manager (& Benefits Coordinator) will ensure that payroll and benefits will be completed accurately and in a timely manner and assist with other tasks as needed.

Principal Responsibilities

Payroll:

· Running all aspects of Xtiva (3rd party commission manager system). Inputting manual checks, ACH’s, monthly adjustments and expenses, daily reconciliation to commissions from clearing firm, processing month-end payroll reports.

· Processing semi-monthly payrolls. Taking data from Xtiva and inputting into ADP.

· Manage payroll changes, including changes to wages, tax withholding, garnishments, and benefit deductions.

· Gather new employee payroll forms and enter into ADP.

· Maintain records of broker’s gross commission and monthly top 10 broker list.

· ACA Reporting

· Answer employee payroll questions and ensure resolution.

· Handle any state tax inquiries

· Set up new states for income and unemployment taxes.

Benefits:

· Work with new employees for the benefit enrollment process.

· Input benefit premium deductions into ADP (new employees, updates, and annual open enrollment).

· Work closely with benefit broker and vendors.

· Assist employees with benefit questions.

· Review monthly benefit invoices to insure accuracy with payroll deductions and monitor for any employee modifications.

Miscellaneous:

· Verification of employment.

· Background checks and fingerprinting.

· Financial audit support

· Assist with firm insurance renewal applications

· Filing of state annual reports

· Assist with other functions as needed.

Requirements

· 3 years of prior experience in payroll and benefits administration

· Excellent written and verbal communication skills

· Understanding of the products and services offered by a securities broker/dealer preferred

· Experience in a commissioned compensation environment

· Ability to establish relationships internally and externally

· Advanced Microsoft Excel skills

· Strong attention to detail

· Quick to respond to requests

· Ability to maintain confidentiality

· Multi-tasking and prioritizing of projects to ensure timely completion

· Ability to work independently and take initiative, anticipating and resolving problems

· Strong professional demeanor, interpersonal and customer service skills

· Ability to manage multiple priorities and projects

Job Type: Full-time

Pay: $55,886.48 - $80,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Employee discount
• Flexible spending account
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift

Work setting:

• Office

Application Question(s):

• Familiar with working with a third party benefits administrator.

Ability to Relocate:

• Minneapolis, MN 55416: Relocate before starting work (Required)

Work Location: In person