Financial Analyst – Payroll

Job Description

Financial Analyst – Payroll | Genuine Parts Company

The Tone:
This is a full-time role at Genuine Parts Company, performed in a corporate office setting. Genuine Parts Company is a large organization that requires robust financial support for its payroll, tax, and accounting operations. This role is crucial for ensuring the accurate and efficient processing of payroll-related cash transactions, preparing comprehensive monthly accounting functions, and diligently overseeing the completion of bank reconciliations in accordance with Genuine Parts Company’s established standards. The position ensures the financial integrity of payroll activities and contributes to the overall accounting accuracy of the company.

The TL;DR
• Role: Early Career
• Type: Full-time
• Location: In-person (corporate office setting)

• Mission: This person will ensure accurate payroll cash transaction processing, complete monthly accounting functions, and oversee bank reconciliations.
• Tech Stack: Workday, PeopleSoft, Excel, Service Now

What You’ll Actually Do
• Process Payroll Cash Transactions: Manage and record all payroll-related cash movements, including preparing manual checks, balancing bank deposits, reconciling ACH debits/credits, and submitting various funding files such as Direct Deposit, Credit Union, HSA, Emergency Relief Fund, and Your Cause funding. This also includes handling wire and ACH file transfers for 401k, ADP Payroll tax, Deferrals, and ESPP.
• Perform Accounting & Journal Entries: Prepare all necessary journal entries for banking transactions, corrections, and Month End JE’s, specifically including weekly ADP Payroll JE’s. This also involves the critical task of including Third Party Sick Pay on W-2’s (YTD).
• Conduct Reconciliations & Forecasts: Oversee the efficient completion of bank-related reconciliations according to company standards, resolve reconciling items through thorough research, and initiate adjustments as needed by payroll A/P or GL. Additionally, this role is responsible for cash forecasting for payroll and will reconcile 3rd party benefit provider activity with payroll withholdings.
• Provide Customer & Vendor Support: Respond efficiently and effectively to all correspondence from field customers, employees, or third-party vendors via phone, email, and the Service Now Case Management System, delivering exceptional customer service. This includes preparing insurance, ESC vendor bills, retiree, and Cobra billing statements, manual bills, and payment posting.
• Support Audits, Analysis & Projects: Research and provide comprehensive documentation to management for internal and external auditors, prepare ad hoc reports and analyses for executive management, and assist in due diligence during the acquisition phase. This also encompasses working on special projects, such as recovering ACH funds, cross-training, and assisting with year-end reporting and W-2/W2c requests, and serving as backup to the Payroll Tax Analyst.

The Must-Haves
• Background: Early-Career professional with an AS/BS in Business, Finance, or Accounting, possessing core knowledge of tax and accounting processes.
• Experience: 1-2 years of relevant experience in accounting and/or bookkeeping.
• Skills: Working knowledge of Workday, PeopleSoft, and Excel (mid to expert level), proficient problem-solving, strong data analysis, and excellent communication skills.
• Bonus: Demonstrated ability to manage multiple priorities and deadlines, maintain confidentiality, and work effectively in a collaborative team environment with minimal supervision.