Sr. Payroll Specialist

Company Description

Fortune Brands Innovations, Inc. is an industry-leading innovation company focused on creating smarter, safer and more beautiful homes and improving lives. Our driving purpose is that we elevate every life by transforming spaces into havens. We believe our work and our brands can have incredibly positive impacts for not just our business and shareholders, but for people and the planet, too.

When you join Fortune Brands, you become part of a high-performing team who are empowered to think big, learn fast and make bold decisions. We support an inclusive and diverse culture where everyone is encouraged and empowered to be their authentic selves, and where our differences and unique perspectives are a key strength.

Explore life at Fortune Brands here.

Job Description

We are seeking a meticulous and detail-oriented Payroll Specialist to join our payroll team. This role will be responsible for supporting the processing of payrolls, general ledger postings, and reconciliation of payroll payments. This role requires a combination of payroll expertise in the Workday platform, a deep understanding of payroll processes, and financial implications, and strong reconciliation skills.

The ideal candidate will have 5+ years experience processing payroll and supporting payroll accounting, a strong understanding of payroll process and accounting principles (especially payroll tax regulations), a basic understanding of Microsoft Office Suite, and a team-focused mentality.

Location: This position is designated hybrid reporting to one of our offices in North Olmsted, OH, Maumee, OH, or Deerfield, IL at least 3 days per week (Tuesday/Wednesday/Thursday)

What you'll be doing:

• Reconcile and process multiple general ledger files by division accounting for all differences, including support of questions regarding the entries, correcting errors within the payroll systems and providing adjustments as needed.
• Reconcile and resolve payroll tax submissions through ADP Smart Compliance
• Reconcile and process weekly integrations with funding to third parties accounting for all differences for net pay, taxes, garnishments, etc.
• Process payments for highly compensated employees including Stock, Non-Qualified, and other Perquisites/Programs with an understanding of state and federal tax implications to ensure compliance.
• Collaborate with multiple Finance teams to gather requirements for payroll account postings to multiple general ledgers.
• Conduct financial analysis of payroll-related expenses, including labor costs, benefits, taxes, and other payroll-related liabilities, to identify trends, variances, and opportunities for improvement.
• Identify opportunities for process improvement to enhance payroll efficiency, accuracy, and compliance.
• Serve on cross-departmental teams and provide payroll accounting support for project teams including acquisitions.
• Support new procedures/projects and improvements due to business changes, operational requirements, strategic initiatives, and legal requirements.

Qualifications

Basic Qualifications:

• 5+ years of experience in processing payroll and supporting payroll accounting
• Deep understanding of payroll processes, payroll tax, regulations, and compliance requirements
• Experience using Microsoft Office Suite (Word, Excel, and PowerPoint)
• Strong analytical and problem-solving skills, with the ability to reconcile accounts and resolve discrepancies
• Strong attention to detail and discretion
• Excellent time management and organizational skills

Nice to Have:

• Bachelor’s degree in Accounting, Finance, Business Administration, or similar or equivalent experience
• Experience using ADP SmartCompliance system
• Understanding of Workday report building from payroll results
• Ability to partner with others and collaborate across the organization.
• Proven ability to multitask and manage multiple competing priorities.
• Ability to thrive in a fast-paced, collaborative, dynamic, and results-driven environment.

Additional Information

At Fortune Brands, we support the overall health and wellness of our associates by offering comprehensive, competitive benefits that prioritize all aspects of wellbeing and provide flexibility for our teammates’ unique needs. This includes robust health plans, a market-leading 401(k) program with a company contribution, product discounts, flexible time off benefits (including half-day summer Fridays per policy), inclusive fertility / adoption benefits, and more. We offer numerous Employee Resource Groups to support inclusivity and our associates’ feeling of belonging at work.

Fortune Brands is a brand, innovation and channel leader focused on exciting, supercharged categories in the home products, security and commercial building markets. Our portfolio of brands includes Moen, House of Rohl, Aqualisa, SpringWell, Therma-Tru, Larson, Fiberon, Master Lock, SentrySafe and Yale residential.

Fortune Brands is headquartered in Deerfield, Illinois and trades on the NYSE as FBIN

Equal Employment Opportunity

FBIN is an equal employment opportunity employer and does not discriminate against any applicant based on race, color, religion, sex, gender identity or expression, national origin, ancestry, age, disability, marital status, protected veteran status, sexual orientation, genetic history or information, or any other legally protected characteristic.

Reasonable Accommodations

FBIN is committed to working with and providing reasonable accommodation to applicants with disabilities. If you need a reasonable accommodation for any part of the application or interview process, please contact us at [email protected] and let us know the nature of your request along with your contact information. Resumes submitted to this email address will not be responded to.