Payroll Specialist

Posted 25 Days Ago
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Rosemont, IL, USA
In-Office
46K-92K Annually
Mid level
Financial Services
The Role
Responsible for processing payroll for multiple legal entities, ensuring accuracy and compliance, and providing support for payroll inquiries and tax matters.
Summary Generated by Built In

The Fay Group is a fully integrated real estate and mortgage services firm, bringing together the strength and expertise of two complementary holding companies – Fay Financial and Genstone Holdings. Since its founding in 2008 as a special servicer, The Fay Group has grown into a diversified enterprise overseeing more than $46 billion in assets on behalf of over 50 institutional clients. Powered by data, technology, and a team of 1,100+ professionals across 10 U.S. locations, the organization delivers coordinated solutions across the full spectrum of real estate and lending services – including loan servicing, property management, mortgage originations, renovations, and insurance.

From asset creation and loan management to renovations and real estate brokerage services, The Fay Group offers end-to-end capabilities under one platform. This comprehensive approach delivers flexibility, transparency, and performance across multiple asset classes, supporting both clients and customers in all market and interest rate environments.

Reporting to the Assistant Controller, this position will be responsible for processing payroll for multiple legal entities for The Fay Group. The role requires a high-level attention to detail, ensuring accurate and timely payroll processing, while providing exceptional support to our employees regarding payroll-related inquiries.

This role partners closely with other departments, including the Accounting and Human Resources teams, along with external payroll vendors. As a payroll point-of-contact, this position facilitates both quarterly and yearly tax matters, including filings, internal correspondence and external correspondence with third parties, ensuring compliance with all applicable laws and regulations at both a federal and state level.

Qualifications include:

  • Degree in Accounting, Finance, Human Resources, Business, or related field or equivalent combination of years of experience with High School diploma/GED
  • 3-5 years of experience in payroll processing for a multi-state organization
  • In-depth knowledge of payroll principles, tax laws, practices, and procedures
  • Familiarity with payroll software systems, with experience in UKG highly preferred
  • Strong verbal and written communication skills
  • Strong interpersonal skills
  • Collaborative work style; high team-orientation
  • Open to change; agile; high learning agility
  • Strong analytical skills coupled with sound judgement
  • Strong problem-solving abilities
  • Ability to analyze and interpret data to identify opportunities and propose solutions
  • Strong attention to detail; strong compliance orientation; high quality of work product
  • Ability to prioritize; effective time management
  • Self-directed; ability to proactively ask questions and surface issues/ concerns
  • Professional maturity, integrity, ability to maintain confidential data and information
  • Strong business acumen; strong fiscal and technical aptitude
  • Strong skills in MS Word, Excel and PowerPoint

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Featured Benefits

  • Medical, Dental and Vision Insurance
  • Company Paid Life Insurance
  • Disability Insurance
  • Pet Insurance
  • 401k Program with Employer Matching
  • 3 Weeks Paid Time Off (PTO)
  • Paid Holidays
  • Wellness Initiatives
  • Employee Assistance Program
  • Eligible for Hybrid Work Schedule with Remote Flex Days 

Compensation

  • The hiring range for this position is up to $91,600.00 annually
  • This position is eligible for an annual discretionary bonus

Fay Cares!

The Fay-Constructive Foundation was established to fulfill the philanthropic mission of The Fay Group employees to serve the communities in which they live and work. Our employees make voluntary contributions to the Foundation. Each quarter, their contributions are donated to organizations focused on improving education opportunities, combating poverty, and supporting military service members and first responders.

At Fay, we believe that the best ideas come from having a team that is diverse in backgrounds, experiences, and perspectives. We strive to ensure each of our employees feels valued, respected and included, and is presented with equal opportunities to be successful. Fay is an equal-opportunity workplace. The Fay Group and affiliated companies participate in E-Verify. For more information, go to www.dhs.gov/E-Verify

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.

Top Skills

Excel
Ms Word
PowerPoint
Ukg
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The Company
Chicago, IL
412 Employees
Year Founded: 2008

What We Do

Founded in early 2008 to address challenges created by the growing housing crisis, our company is committed to providing innovative servicing solutions for both performing and non-performing mortgages. Until recently, the existing traditional mortgage servicers were adequately able to handle the mortgages under their care. The functioning premise of their servicing models was a high volume, low delinquency approach. However, in the last two years, due to many factors, residential mortgages have begun experiencing unprecedented levels of delinquency. As a direct result, many servicers quickly found themselves overwhelmed and unable to effectively manage the resulting complications. We conducted an exhaustive analysis of the existing mortgage servicing industry and gained valuable insight into the short-comings of current mortgage servicers. Realizing that even adapting an existing approach was wrought with immense challenges including legacy portfolio issues and unproductive corporate cultures, we decided to build a new model from the ground up, the focus of which would be to benefit both the homeowners and the lenders.

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