Ameriprise Financial, Inc.
10000+ employees
Financial Services
Insurance
Investment Management
Wealth Management
About Ameriprise Financial, Inc.
Ameriprise Financial, Inc. is a diversified financial services company that provides financial planning, products, and services including wealth management, asset management, insurance, and annuities. Founded in 1894, Ameriprise serves individual and institutional clients with a mission to help clients achieve their financial goals through personalized advice and innovative solutions. The company operates through a network of financial advisors and offers a broad range of investment products and services. Ameriprise is recognized for its strong client focus, comprehensive financial planning capabilities, and commitment to delivering long-term value.
5 months ago
Payroll Tax Analyst
Minneapolis - Remote
Full-time
Mid Level
Payroll Tax Analyst
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Description
- Ameriprise Financial is looking to add a Payroll Tax Analyst to the team!
- The Payroll Tax Analyst will own the processes to audit and balance all payroll-related activities and tax reporting to ensure compliance with Federal, State, and local tax jurisdictions across 12 legal entities and all 50 states.
- Serve as a subject matter expert for more complex payroll tax issues and lead the research and resolution of discrepancies and escalations in partnership with outside vendors.
- Maintain working knowledge of changes with legislation and impacts in taxation and reporting.
- Lead the responses to tax escalations and work payroll specialists and the call center.
- Responsible for reviewing employee tax data for accuracy.
- Responsibilities Assist in reconciling payroll and tax reporting processes, ensuring accuracy and resolving discrepancies as needed.
- Assist with the processing of tax payments that are outside of the vendor's responsibility.
- Ensure all balancing is done in compliance with SOX controls and serve as an escalation point for G&L account reconciliation issues.
- Partner with Finance to research open items and recommend corrections.
- Lead the auditing of employee data and the processes to correct tax set ups.
- Partner with the HR Systems team to determine appropriate actions when system issues impact taxation or employee records are incorrect.
- Manage State Tax Mobility processing by communicating directly with employees to ensure appropriate multi-state set-ups and contributing to the annual state mobility processing events.
- Provide direction to India-based Payroll Specialists on taxation issues and lead the implementation of process changes as needed to comply with payroll tax laws.
- Determine appropriate actions when legislative changes occur.
- Collaborate with third-party administrator (ADP) and jurisdictions when complex issues occur and require more in-depth research to respond to notices of inconsistencies.
- Lead the processing of corrections to wage and tax information based on system audits and applicable tax rules.
- Play a key role in the annual payroll year-end process and other key projects impacting payroll.
- Remain current on industry changes and understand how Ameriprise plans, practices, and policies are impacted.
- Provide consulting to specific plan owners to ensure taxation and reporting requirements are understood and meet the requirements.
- Determine impacts and works with appropriate groups to update systems and processes as appropriate.
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Requirements
- Bachelor's Degree or equivalent
- 1-3 years of payroll tax experience
- Depth of knowledge in payroll tax laws, Federal, and multi-State
- Experienced in completing federal, state, and local jurisdiction payroll tax reporting
- Experienced in processing and handling a variety of payroll matters including equity awards, perquisite, payroll adjustments, etc.
- Demonstrated skills in research and troubleshooting
- Ability to prioritize conflicting work to meet deadlines in a fast-changing environment
- Previous experience in working with external payroll vendors
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Benefits
- Comprehensive benefits program supporting health, dental, and life insurances
- Vacation time and sick leave
- 401(k) retirement plan
- Paid time off (PTO)
- Work-life balance initiatives
- Opportunities for professional development