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Senior Payroll Accountant

 
Requisition ID:  545
Location: 

Deerfield, Illinois, US

Date:  Sep 9, 2019
 

At Lundbeck, we believe life is too precious to be interrupted by brain disorders. Lundbeck is uncompromisingly committed to the research, development and delivery of targeted therapies for people living with significant psychiatric and neurological disorders. We pursue imaginative solutions, driven by passionate people committed to do the right thing for our patients, our company and our communities. Lundbeck strives to be a leader in depression, schizophrenia, Alzheimer's disease and Parkinson's disease. 

 

For Lundbeck, making a meaningful difference for patients is more than an aspiration; it is a commitment that shapes everything we do. Patient advocacy is at the core of who we are and motivates every individual at Lundbeck. Our engagement with the communities we serve grants us better understanding of the needs of patients and their families; and that drives us to develop innovative therapies and impactful programs for patients and caregivers.

 

SUMMARY: 

The Senior Payroll Accountant is responsible for multiple aspects of Payroll processing for Lundbeck NA (US and Canada). In addition to oversight of semi-monthly and special payouts, this position completes key control assessments and partners to complete internal audits to ensure accuracy. Other compliance activities include completing payroll related taxes and banking calculation/submissions, drafting written policies and procedures, maintaining auditor support documentation and assisting with 401K audit.

 

ESSENTIAL FUNCTIONS:

Payroll

  • Processes payroll in a timely and accurate manner including special payouts such as incentives, gift reporting, expatriate payments, gross-ups, and other related activities.
  • Manages all correspondence and tracking of payroll tax notices including coordination with internal legal team and payroll processor as needed for special scenarios.
  • Prepares wire transfers and ACHs for payroll and related vendors including 401K, FSA, and deferred compensation, etc.
  • Supports the administration of Worker’s Compensation activities.   
  • Maintains employee files and master data records with up to date information; provides expertise and recommendations as needed on earnings, benefit, vacation, and tax calculations/adjustments to major stakeholders   
  • Calculates benefits deductions and vacation payouts; establish earnings/deductions codes in payroll systems for tracking/reporting purposes. Ensures systems configuration is correctly set up to control accuracy and consistent applications to minimize risk of error for any over/under payments or reporting
  • Provides back up support to the Canada payroll team as necessary to maintain competency and provide adequate risk coverage.

 

Audit

  • Audits and reconciles payroll taxes including Forms 941, 940, and any state related taxes.
  • Completes quarterly and yearend analyses to ensure government and compliance reporting is accurate and adheres to auditor requirements.
  • Responds in a timely and professional manner to all audit requests from workers comp, 401k, internal and year end audit, corporate compliance, and tax authorities
  • Completes/Plays role in attention to special audits, as required, by government, corporate, or compliance request

 

General Accounting & Internal Controls

  • Assists with accruals and payroll journal entries as necessary for proper posting in SAP
  • Assists with month end close and reconciliation reports as needed
  • Updates Department policies to reflect new or improved business processes including controls and workflow and leads continuous improvement efforts in the department.
  • Completes/Plays role in attention to special projects and ad hoc reporting upon request
  • Prepares accruals, reconciliations, analytical commentary for payroll liabilities/provisions; maintains supporting documentation for auditors; with work papers in auditor and executive ready formats with easyto-understand content and traceability back to the general ledger. Work papers should include control checks to maintain high level of accuracy. Assumptions/Analysis should provide insight into whether balances are appropriate to avoid any unanticipated, material adjustments.

 

REQUIRED EDUCATION, EXPERIENCE and SKILLS:

  • Bachelor of Arts or Bachelor of Sciences degree from an accredited college or university
  • 5+ experience in a similar position with responsibility in payroll cycle, taxable benefits and payroll reports
  • Proficiency with payroll systems and software for data report creation
  • Proficient with Microsoft Office and Excel
  • Demonstrated success working with cross functional partners in a business environment
  • Strong attention to detail and demonstrated accuracy
  • Proven analytical skills
  • Ability to work in a fast-paced environment and provide deliverables timely
  • Ability to work independently, take initiative, and proactively communicate with manager and key business partners

 

PREFERRED EDUCATION, EXPERIENCE AND SKILLS:

  • Fundamental Payroll Certification (FPC) or Certified Payroll Professional certification (CPP)
  • Accredited BS degree in Business Administration or related field
  • Internal Audit or SOX Compliance Experience
  • Experience with SAP accounting software
  • Experience in analyzing payroll taxes
  • US and Canada Payroll Experience
  • Experience with Ceridian payroll software
  • Expat or 409A experience

 

Lundbeck is proud to be an equal opportunity workplace and is an affirmative action employer. We are committed to equal employement opportunity regardless of race, color, religion, sex, sexual orientation, gender identity, age, national origin, disability, protected veteran status, and any other characteristic protected by law, rule, or regulation. Lundbeck participates in E-Verify. 

Lundbeck is a global pharmaceutical company specialized in brain diseases. For more than 70 years, we have been at the forefront of neuroscience research. We are tirelessly dedicated to restoring brain health, so every person can be their best. 

An estimated 700 million people worldwide are living with brain diseases and far too many suffer due to inadequate treatment, discrimination, a reduced number of working days, early retirement and other unnecessary consequences. Every day, we strive for improved treatment and a better life for people living with brain diseases – we call this Progress in Mind.

Read more at www.lundbeck.com/global/about-us/progress-in-mind.
Our approximately 5,000 employees in more than 50 countries are engaged in the entire value chain throughout research, development, production, marketing and sales. Our pipeline consists of several late-stage development programs and our products are available in more than 100 countries. Our research center is based in Denmark and our production facilities are located in Denmark, France and Italy. Lundbeck generated revenue of DKK 18.1 billion in 2018 (EUR 2.4 billion; USD 2.8 billion).

For additional information, we encourage you to visit our corporate site www.lundbeck.com and connect with us on Twitter at @Lundbeck and via LinkedIn.