Client Funds Accounting Specialist

Paylocity is an award-winning provider of cloud-based HR and payroll software solutions, offering the most complete platform for the modern workforce. The company has become one of the fastest-growing HCM software providers worldwide by offering an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build a strong workplace culture. 

While traditional HR and payroll providers automate basic HR processes such as payroll and benefits administration, Paylocity goes further by developing tools that HR and businesses need to compete for talent and deliver against the expectations of the modern workforce.

We give our employees what they need to succeed, including great benefits and perks! We offer medical, dental, vision, life, disability, and a 401(k) match, as well as perks that support you, your family, and your finances. And if it’s career development you desire, we provide that, too! At Paylocity, people matter most and have always been at the heart of our business.

There are jobs and then there are careers. Since 1997, Paylocity has been hiring talented people, giving them big challenges, and providing the right resources to help them succeed. Our award-winning culture ensures all employees feel truly welcome, appreciated, and free to be themselves. While other companies talk about it, we make it happen. Join Paylocity and launch your career!

Position Overview

The Client Funds Accounting Specialist is responsible for reconciling all client held funds accounts for Paylocity. Responsibilities will include monitoring and reconciling multiple bank accounts, resolving any discrepancies or issues.

Responsibilities

The below represents the primary responsibilities of the position. Other duties may be assigned as needed. 

• Perform daily bank reconciliation for payroll/tax/benefit accounts to ensure accuracy and completeness of financial transactions.
• Review and validate financial transactions, including deposits, withdrawals, and other bank-related activities.
• Investigate and resolve discrepancies between bank statements and cash balance accounts and outstanding items.
• Monitor daily/weekly cash balances by client, and across the total client base, to ensure all remittances have been made timely and all cash collections have been properly recorded and cleared.
• Makes adjustments to cash as indicated by reports.
• Collaborates with internal partners to coordinate fixes to systems as needed.
• Work with Bank for returned items and inquiries.
• Report payroll, tax, and benefit exceptions to partners for review and resolutions.
• Reconcile incoming Wires/ACH’s for payroll/tax accounts.
• Review and reconcile Client Credits.
• Provide proof of payments to Tax Department.
• Assists with monthly financial reconciliations.
• Monitors incoming CFA team email accounts and ensures timely responses.
• Provide suggestions and writes procedures to enhance overall process.
• Work toward a goal of continued process improvement.
• Assist new business initiatives.

Requirements

• High school diploma required
• 2-5 years’ experience in payroll service or banking operations strongly desired.
• MasterTax, WEX, CobraPoint experience a plus.
• Ability to work in fast paced environment.
• Strong Team and individual work ethic preferred.
• Strong communication skills and problem-solving ability.
• Proficiency in MS applications including Excel and Access.
• High level of integrity.

Paylocity is an equal-opportunity employer. Paylocity is committed to the full inclusion of all individuals. We recruit, train, compensate, and promote regardless of race, religion, color, national origin, sex, disability, age, veteran status, and other protected status as required by applicable law. At Paylocity, we believe diversity makes us better. 

We embrace and encourage our employees’ differences in age, culture, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion or spiritual belief, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. We actively cultivate these differences through our employee resource groups (ERGs), employee experiences, perspectives, talents, and approaches to drive innovation in the software and services we provide our customers. 

We comply with federal and state disability laws and make reasonable accommodations for applicants and employees with disabilities. To request reasonable accommodation in the job application or interview process, please contact accessibility@paylocity.com.

This role can be performed from any office in the US. The pay range for this position is $39,520 - $60,528/yr; however, base pay offered may vary depending on job-related knowledge, skills, and experience. This position offers a full range of benefits outlined here. This information is provided per the relevant state and local pay transparency laws for the location in which this position will be performed. Base pay information is based on market location. Applicants should apply via www.paylocity.com/careers.