Payroll Analyst

Location: Columbus, OH, United States

Job Family: HR Service Delivery

About the Role

At JP Morgan Chase, we are a leading global financial services firm committed to fostering an inclusive environment where our employees can thrive. As a Payroll Operations Analyst specializing in Final Payment of Wages for Terminated Employees, you will play a critical role in our HR Service Delivery team in Columbus, OH. This position involves managing the end-to-end process of final payroll for separating employees, ensuring accuracy, compliance, and efficiency in a high-volume, regulated financial services setting. You will contribute to maintaining JP Morgan's reputation for operational excellence by handling sensitive financial data and supporting smooth employee transitions. Your primary focus will be on processing final wage payments, including base pay, bonuses, severance, and accrued benefits, while adhering to federal and state regulations such as the Fair Labor Standards Act (FLSA) and state-specific final pay laws. You will collaborate with HR business partners, legal experts, and finance teams to review termination details, calculate entitlements, and resolve any discrepancies. Utilizing advanced payroll systems like Workday, you will ensure all transactions are recorded accurately for JP Morgan's global financial reporting standards, minimizing risks associated with payroll errors in our dynamic banking and investment operations. In addition to core processing duties, you will conduct regular audits of final payments, analyze data trends to inform HR strategies, and provide expert guidance to managers on compliance requirements. This role demands a proactive approach to process improvements, leveraging your knowledge of the financial services industry to enhance efficiency and support JP Morgan's commitment to employee well-being during transitions. If you are detail-oriented, legally savvy, and passionate about delivering exceptional HR services in a prestigious institution, join us to make an impact on one of the world's most admired financial organizations.

Key Responsibilities

• Process final payments of wages for terminated employees, ensuring compliance with JP Morgan Chase policies and legal requirements
• Review and verify termination documentation, including severance calculations and unused PTO payouts
• Collaborate with HR partners and legal teams to resolve complex payroll issues related to employee separations
• Maintain accurate records of final payroll transactions in JP Morgan's HR systems, ensuring data integrity for financial reporting
• Conduct audits of final wage payments to identify discrepancies and implement corrective actions
• Provide guidance to managers on final pay timelines and documentation needs in the financial services context
• Analyze payroll data trends for terminated employees to support HR analytics and forecasting at JP Morgan Chase
• Ensure timely processing of tax withholdings and deductions for final payments, adhering to IRS and state regulations
• Assist in the development and updating of payroll procedures for termination processes
• Respond to employee inquiries regarding final wage statements and support dispute resolutions

Required Qualifications

• Bachelor's degree in Human Resources, Finance, Business Administration, or a related field
• Minimum of 2-3 years of experience in payroll processing, with a focus on final wage payments for terminated employees
• Proficiency in payroll software systems such as ADP, Workday, or Oracle HCM
• Strong knowledge of U.S. federal and state wage and hour laws, including FLSA and final pay regulations
• Experience in a high-volume payroll environment within the financial services industry
• Ability to handle confidential employee data with strict adherence to privacy regulations like GDPR and CCPA
• Excellent organizational skills with attention to detail to ensure accuracy in financial transactions

Preferred Qualifications

• Certified Payroll Professional (CPP) designation or equivalent certification
• Experience working in a global financial institution like JP Morgan Chase, managing payroll for diverse employee populations
• Familiarity with international payroll compliance for cross-border terminations
• Advanced Excel skills for data analysis and reporting in payroll operations
• Prior involvement in payroll audits and process improvement initiatives

Required Skills

• Payroll processing and final wage calculation expertise
• Knowledge of U.S. labor laws and financial regulations
• Proficiency in HRIS and payroll software (e.g., Workday, ADP)
• Advanced Microsoft Excel for data analysis and reporting
• Attention to detail and accuracy in financial transactions
• Strong communication skills for interacting with HR and employees
• Problem-solving abilities for resolving payroll discrepancies
• Time management in a fast-paced financial services environment
• Confidentiality and ethical handling of sensitive data
• Analytical skills for auditing and trend identification
• Team collaboration in cross-functional HR operations
• Adaptability to changing regulatory and company policies
• Customer service orientation for employee support
• Basic understanding of financial accounting principles

Benefits

• Comprehensive medical, dental, and vision insurance plans with employer contributions
• 401(k) retirement savings plan with generous company matching up to 6% of eligible pay
• Paid time off including vacation, sick leave, and parental leave policies
• Tuition reimbursement program for professional development and certifications
• Employee stock purchase plan offering discounted shares of JP Morgan Chase stock
• Wellness programs including gym memberships, mental health support, and fitness challenges
• Flexible work arrangements and hybrid options for eligible roles in Columbus, OH
• Life and disability insurance with company-provided coverage

JP Morgan Chase is an equal opportunity employer.