Payroll Operations Specialist

Federal Reserve Bank of Minneapolis

Federal Reserve Bank of Minneapolis

Accounting & Finance, Operations
Richmond, VA, USA
Posted on Tuesday, September 12, 2023


Federal Reserve Bank of RichmondWhen you join the Federal Reserve—the nation's central bank—you’ll play a key role, collaborating with a dynamic and diverse team of mission-driven professionals to strengthen and protect our economy and our communities.

Bring your passion and expertise, and we’ll provide the opportunities that will challenge you and propel your growth—along with a wide range of benefits and perks that support your health, wealth, and life. In addition to competitive compensation, we offer a comprehensive benefits package that includes tuition assistance, generous paid time off, top-notch health care benefits, child and family care leave, professional development opportunities, a 401(k) match, pension, and more. All brought together in a flexible work environment where you can truly find balance.

About the Opportunity

The System Payroll department has an immediate opening for a Senior Payroll Operations Specialist. In this role, you will be responsible for administering day-to-day operations and compliance related to payroll processing, customers service, reporting and auditing using Workday for the Federal Reserve System (approximately 21,000 employees). You will be responsible for processing semimonthly payroll for moderately complex payrolls while ensuring compliance with assigned District's unique payroll policies and procedures. Additionally, you will respond to questions and special requests from internal departments, Reserve Banks, employees, and vendors. This role will report to the Payroll Manager.

What You Will Do:

  • Use Workday and Perspective Concepts (ImageNow) to perform payroll, auditing, and reporting.
  • Identify and troubleshoot payroll issues and assist customers with a variety of questions and problems.
  • Perform complex analysis of major business issues and proactively search for and recommends sustainable solutions utilizing established methodology and tools.
  • Review, compile and analyze detailed and complex statistics and data for major business issues, providing guidance and collaboration in completing analysis, information, or process mapping.
  • Lead process improvement projects, participate in System initiatives, and present outcomes and actionable recommendations to senior management.
  • Review and process payroll changes, regulations, and laws to determine appropriate handling in accordance with payroll practices and policies and execute action; provide guidance to Reserve Banks based on changes and assist with communication and implementation.
  • Generate and maintain various confidential payroll reports.
  • Maintain up-to-date knowledge of unique payroll policies and procedures for the System.
  • Participate in cross-training for new or existing staff.
  • Respond to System wide employee inquiries and document resolution.


  • HS diploma required. Associate or Bachelors degree in Accounting or Finance preferred.
  • 3-5 years’ prior payroll experience including multi-state payroll processing for large organizations
  • Workday knowledge required. Fundamental Payroll Certification (FPC) from American Payroll Association or Certified Payroll Professional (CPP) preferred.
  • Critical thinking, data analysis and presentation skills
  • Must be detail and service oriented with high degree of accuracy
  • Requires creativity, innovation, and initiative to research and recommend operational changes
  • Advanced Excel and PowerPoint skills required

Other Requirements and Considerations:

  • Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions.
  • Employees who work at and/or visit another Federal Reserve entity or outside business as part of their job duties are required to comply with any onsite safety and health protocols of those organizations (including, but not limited to, requirements to vaccinate or test, mask, social distance, etc.).
  • Sponsorship is not available for this role. Selected candidate is subject to special background check procedures.
  • Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications/experience.
  • The hiring range for the Payroll Operations Specialist, Senior is $51,800 - $64,700, annually.
  • Applications are reviewed on a rolling basis.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category


Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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