US Payroll Compliance & Overpayment Lead

Date Posted:

2024-11-22

Country:

United States of America

Location:

UT6: 4 Farm Springs 4 Farm Springs Road, Farmington, CT, 06032 USA

Position Role Type:

Hybrid

RTX Corporation is an Aerospace and Defense company that provides advanced systems and services for commercial, military and government customers worldwide. It comprises three industry-leading businesses – Collins Aerospace Systems, Pratt & Whitney, and Raytheon. Its 185,000 employees enable the company to operate at the edge of known science as they imagine and deliver solutions that push the boundaries in quantum physics, electric propulsion, directed energy, hypersonics, avionics and cybersecurity. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Arlington, VA.

To realize our full potential, RTX is committed to creating a company where all employees are respected, valued and supported in the pursuit of their goals. We know companies that embrace diversity in all its forms not only deliver stronger business results, but also become a force for good, fueling stronger business performance and greater opportunity for employees, partners, investors and communities to succeed.
 

The following position is to join our RTX Corporate, Enterprise Services, Research Center or BBN team: 

The US Payroll Compliance & Overpayment Lead will be responsible for oversight, execution, and coordination of payroll compliance and controls activities under the direction of the Sr. Director US Payroll.  This role will also serve as the US Payroll Overpayment process owner responsible for process execution, process controls, and efficiencies.  This role is accountable to ensure consistent, timely and high-quality business outcomes and serves as a subject matter expert with regards to RTX’s payroll standards.   

What You Will do:

• Payroll controls oversight, execution, and coordination of all activities such as audit focal point, SOD management, SOX control adherence, etc.
• Overpayment process owner and governance of vendor process support team and related functions.
• Identify and drive process efficiencies, standardizations, and compliance for US Payroll Overpayment process and Compliance activities.
• Collaborate with business partners to adhere to and maintain payroll compliance.
• Collaborate with key stakeholders on problem solving, cross functional projects, and key initiatives.
• Serve as an escalation point for complex overpayment inquiries.
• Foster an environment for a positive employee experience (e.g. proactive communications, timely and complete inquiry responses).
• Provide timely and accurate data reporting, as required.
• Support internal and external audits inclusive of proper documentation, as required.
• Support execution of long-term business strategy and operational direction.
• Assist with cost savings measures to allow for adherence to financial plan.
• Manage incidents caused by and impacting US Payroll Overpayment team.
• Lead Governance team meetings with vendor team.
• Maintain a high level of controls and compliance along with proper oversight to financial impacts (overpayments).
• Report out process metrics efficiently and timely.

Qualifications You Must Have:

• This role typically requires a bachelor’s degree in business, accounting or finance and 8 years of experience or an advance degree and 5 years of relevant experience. In lieu of a degree 12 years of relevant work experience, schooling/certifications may be considered.
• Minimum of 5 years of payroll experience preferably gained in a large corporation or outsourced/BPO environment.
• U.S. citizenship is required, as only U.S. citizens are authorized to access the financial management system due to government contractual requirements."
• At least 5 years’ experience and knowledge of Sarbanes Oxley controls, payroll process controls, payroll taxation, separation of duties (SOD) management, business continuity planning in payroll or related industry
• At least 5 years’ experience leading internal and external audits in a large corporation or outsourced/BPO environment
• At least 5 years’ experience with ADP, Workday, or other enterprise payroll systems.

Qualifications We Prefer:

• Strong working experience leading a small team with internal and/or vendor business partners
• Proven experience driving process efficiencies, standardizations, and compliance for US Payroll processes
• General knowledge of Excel, Microsoft Office Suite, Service Now, and other efficiency tools
• Prior experience with or knowledge of process improvement methodologies.
• Solid analytical and organizational skills; attention to detail and excellent verbal and written communication skills; ability to communicate and influence executive leadership
• Ability to handle complex employee payroll inquiries/escalations
• Proven self-starter able to work effectively in a fast-paced team environment
• Demonstrated capability to work across functions/organizations in a team environment

Location/Type: Hybrid based near an RTX hub (Cedar Rapids IA, Dallas TX, Tucson, AZ, Hartford CT).

What We Offer

Whether you’re just starting out on your career journey or are an experienced professional, we offer a robust total rewards package with compensation; healthcare, wellness, retirement and work/life benefits; career development and recognition programs. Some of the benefits we offer include parental (including paternal) leave, flexible work schedules, achievement awards, educational assistance and child/adult backup care.

Learn More & Apply Now! What information is this

Please consider the following role type definitions as you apply for this role: 

Onsite: Employees who are working in Onsite roles will work primarily onsite. This includes all production and maintenance employees, as they are essential to the development of our products.

Hybrid: Employees who are working in Hybrid roles will work regularly both onsite and offsite.  Ratio of time working onsite will be determined in partnership with your leader.

Remote: Employees who are working in Remote roles will work primarily offsite (from home).  An employee may be expected to travel to the site location as needed. 

#reempowerprogram

This role is also eligible for the Re-Empower Program. The Re-Empower Program helps support talented and committed professionals as they rebuild their capabilities, enhance leadership skills, and continue their professional journey. Over the course of the 14-week program, experienced professionals will gain paid, on-the-job experience, have an opportunity to participate in sessions with leadership, develop personalized plans for success and receive coaching to guide their return-to-work experience. Upon completion of the program, based on performance and contributions participants will be eligible for a career at RTX.

Minimum Program Qualifications:

To qualify for the Raytheon Technologies, Re-Empower Program, candidates should:

∗ Be on a career break of one or more year at time of application

∗ Have prior experience in functional area of interest

∗ Have interest in returning in either a full-time or part-time position

#LI-RC1

The salary range for this role is 96,000 USD - 200,000 USD. The salary range provided is a good faith estimate representative of all experience levels. RTX considers several factors when extending an offer, including but not limited to, the role, function and associated responsibilities, a candidate’s work experience, location, education/training, and key skills.

Hired applicants may be eligible for benefits, including but not limited to, medical, dental, vision, life insurance, short-term disability, long-term disability, 401(k) match, flexible spending accounts, flexible work schedules, employee assistance program, Employee Scholar Program, parental leave, paid time off, and holidays. Specific benefits are dependent upon the specific business unit as well as whether or not the position is covered by a collective-bargaining agreement.

Hired applicants may be eligible for annual short-term and/or long-term incentive compensation programs depending on the level of the position and whether or not it is covered by a collective-bargaining agreement. Payments under these annual programs are not guaranteed and are dependent upon a variety of factors including, but not limited to, individual performance, business unit performance, and/or the company’s performance.

This role is a U.S.-based role. If the successful candidate resides in a U.S. territory, the appropriate pay structure and benefits will apply.

RTX anticipates the application window closing approximately 40 days from the date the notice was posted. However, factors such as candidate flow and business necessity may require RTX to shorten or extend the application window.

RTX is An Equal Opportunity/Affirmative Action Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status, age or any other federally protected class.

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