Munich Re Hartford , CT 06183
We're adding to our diverse team of experts and are looking to hire those who are committed to building a culture that enables the creation of innovative solutions for our employees.
As a member of Munich Re's US operations, we offer the financial strength and stability that comes with being part of the world's preeminent insurance and reinsurance brand. Our risk experts work together to assemble the right mix of products and services to help our clients stay competitive from traditional reinsurance coverages, to niche and specialty reinsurance and insurance products.
Within Munich Reinsurance America, Inc., Human Resources Department, we strive to empower employees to:
Build their career
Manage their life
Make a difference
Help shape the future of the Company.
As a member of our team, the Payroll Associate will be responsible for overseeing the preparation and verification of data required to generate and support regional bi-weekly monthly and off-cycle payrolls for all company codes using the SAP in-house Payroll system. They will also perform various payroll related functions including but not limited to payroll reconciliation, in compliance with department policies, under the direction of the Employee Benefits & Payroll Supervisor.
Major responsibilities include:
Responsible for ensuring all data feeds for the SAP in-house processed payroll to the General Ledger system is accurate and timely.
Verify and reconcile payroll process outcomes identifying and resolving any systemic payroll errors before check printing and ACH file transmissions.
Resolve less complex payroll issues, system or non-system related, involving significant monetary and organizational concern.
Assist with the coordinating Disability and Workers Compensation payment information with Human Resources, processing the necessary Disability and Workers Compensation information.
Assist with analyses of payroll processes and practices to maximize the return on labor costs and minimize unnecessary expenses.
Assist with year-end payroll processes, including the proper treatment of imputed income, gross-ups and the preparation and issuance of W-2's.
Assist with any Tax related matters including but not limited to taxing of employees by Federal, State, City and other Local jurisdictions.
Determines the amounts necessary to fund each regular and supplemental payroll and reports this information to Treasury Services to ensure proper funding of the payroll account.