Client Funds Accounting Specialist (Tax)

Summary

Paylocity is a provider of cloud-based human resources and payroll software solutions. The Client Funds Accounting Specialist (Tax) reconciles client-held funds accounts, monitors cash balances, investigates discrepancies, and supports payroll, tax, and benefit payment processes. The role also collaborates with internal partners and banks to resolve issues and improve procedures.

Responsibilities

• Perform daily bank reconciliation for payroll/tax/benefit accounts to ensure accuracy and completeness of financial transactions
• Review and validate financial transactions, including deposits, withdrawals, and other bank-related activities
• Investigate and resolve discrepancies between bank statements and cash balance accounts and outstanding items
• Monitor daily/weekly cash balances by client, and across the total client base, to ensure all remittances have been made timely and all cash collections have been properly recorded and cleared
• Makes adjustments to cash as indicated by reports
• Collaborates with internal partners to coordinate fixes to systems as needed
• Work with Bank for returned items and inquiries
• Report payroll, tax, and benefit exceptions to partners for review and resolutions
• Reconcile incoming Wires/ACH’s for payroll/tax accounts
• Review and reconcile Client Credits
• Provide proof of payments to the Tax Department
• Assists with monthly financial reconciliations
• Monitors incoming CFA team email accounts and ensures timely responses
• Provide suggestions and write procedures to enhance the overall process
• Work towards a goal of continued process improvement
• Assist new business initiatives

Skills

• HS diploma required
• 2-5 years' experience in payroll service or banking operations strongly desired
• MasterTax, WEX, CobraPoint experience a plus
• Ability to work in fast paced environment
• Strong attention to detail
• Strong communication skills and problem-solving ability
• Proficiency in MS applications including Excel and Access
• High level of integrity
• Ability to sit for extended periods: The role requires sitting at a desk or workstation for long periods, typically 7-8 hours a day
• Use of computer and phone systems: The employee must be able to operate a computer, use phone systems, and type. This includes using multiple software programs and inquiries simultaneously
• This is a fully remote position, allowing you to work from home or location of record within the U.S. with no in-office requirements
• You must be available five days per week during designated work hours
• Bachelor's degree in Finance or Accounting preferred
• Strong Team and individual work ethic preferred

Qualifications

Must Haves

• HS diploma required
• 2-5 years' experience in payroll service or banking operations strongly desired
• MasterTax, WEX, CobraPoint experience a plus
• Ability to work in fast paced environment
• Strong attention to detail
• Strong communication skills and problem-solving ability
• Proficiency in MS applications including Excel and Access
• High level of integrity
• Ability to sit for extended periods: The role requires sitting at a desk or workstation for long periods, typically 7-8 hours a day
• Use of computer and phone systems: The employee must be able to operate a computer, use phone systems, and type. This includes using multiple software programs and inquiries simultaneously
• This is a fully remote position, allowing you to work from home or location of record within the U.S. with no in-office requirements
• You must be available five days per week during designated work hours

Nice to Haves

• Bachelor's degree in Finance or Accounting preferred
• Strong Team and individual work ethic preferred

Benefits

• Medical insurance
• Dental insurance
• Vision insurance
• Life insurance
• Disability insurance
• 401(k) match
• Perks that support you, your family, and your finances
• Career development
• Fully remote position, allowing you to work from home or location of record within the U.S. with no in-office requirements