Payroll Manager @ Luxury Mortgage Corp - Stamford, CT

Job Overview

2 months ago

Payroll Manager

Luxury Mortgage Corp - Stamford, CT

Luxury Mortgage Corp. (“LMC”) is a mortgage banker licensed in 34 states with offices in NY, NJ, CA, MA, MI and FL. Founded in 1996, the company is headquartered in Stamford, CT. We are an innovative, growing, and diverse company looking for dedicated professionals to join our team. If you feel the position below is right for you, please complete an application and our Recruiting Team will contact you.


The Payroll Manager is responsible for all elements of timely preparation and accurate processing of LMC’s semi-monthly payroll and includes new hire and separation processing; retroactive payments; leave of absence payments; compensation changes; bonuses; commissions; and deductions. The Payroll Manager role implements payroll initiatives and projects which requires strong technical and communication skills and the ability to simultaneously manage tasks to meet established standards and deadlines. This Payroll Manager will partner with various business units including Accounting, Human Resources, and Sales to achieve these goals, and will work with a seasoned, high caliber team with diverse experiences.

General Responsibilities

  • Execute timely and accurate processing of semi-monthly payroll and direct deposits for approximately 200 employees in multiple states
  • Process supplemental payroll and any out of sequence checks such as separations and corrections
  • Audit timecards for accuracy and approvals and resolve timecard questions
  • Work with LMC’s payroll provider to prepare, review and file quarterly/annual payroll tax reports and W2s
  • Work with LMC’s payroll provider to address withholding tax notices from federal, state and municipal authorities
  • Ensure all local, state and federal governmental requirements are met, such as taxes and withholdings
  • Respond to auditors’ requests related to payroll and assist with annual financial, Workers Comp and 401K audits
  • Respond timely to payroll requests and resolve employee issues, including wage garnishments, EDD questionnaires, verifications of employment
  • Manage 401K activities and interact directly with the 401K provider to ensure proper handling of employees’ enrollment, loans, repayments, distributions, rollovers, and payroll contributions; provide yearly census and compliance testing to 401K provider; assist with year-end filing of Form 5500
  • Identify and implement process modifications based on changes in rules, regulations, emerging issues and trends
  • Update/revise policies and procedures related to payroll processing as needed

Preferred Qualifications

  • Bachelor’s degree or equivalent combination of education and experience
  • 5-8 years of experience processing multi-state payrolls
  • Experience in the mortgage industry a plus
  • Proficient in UKG Ultipro payroll software
  • HRIS knowledge a plus
  • Strong verbal and written communication skills, including ability to clearly and effectively communicate information to internal and external audiences
  • Strong sense of urgency and ability to handle a high volume of data with confidentiality, accuracy and discretion

At LMC we believe our employees are our greatest asset and along with our competitive market-based compensation plans, we also offer:

  • 401(k) plans with company match
  • Dental Insurance
  • Vision Insurance
  • Anniversary bonuses
  • Rewards and recognition for top sales and operational staff
  • Flexible Spending Plan Accounts
  • Employee Assistance Plan
  • Access to educational tools and certificate programs
  • Onboarding, training, and integration support
  • 360 Development and Performance Reviews

Diversity and Inclusion are not just words at LMC, they are principles guiding how we build our teams, cultivate leaders and create a company where all employees have a voice. LMC encourages and appreciates people’s differences, ideas and points of view. We are cultivating a diverse and inclusive work force where we provide equal opportunities to all employees and applicants for employment without regard to race, religion, color, age, sex, national origin, sexual orientation, gender identity, genetic disposition, disability, veteran status or any other protected category under federal, state or local law.

All new employees are required to comply with the return-to-work plan outlined in LMC's Covid-19 policy as a condition of employment. Potential candidates for employment will be notified of the requirements of LMC's policy prior to the start of employment.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)

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