Payroll Tax Analyst

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The Role

SoFi is searching for a Payroll Tax Analyst to manage and optimize our payroll tax operations. This role is a key member of the Payroll Team, responsible for validating tax calculations, ensuring filing compliance and serving as the subject matter expert on payroll tax regulations and best practices. The Specialist will exercise independent judgment in interpreting complex federal, state, and local tax laws, advising Finance and HR on tax implications and driving process improvements to ensure absolute accuracy in our tax liabilities and reporting.

Responsibilities

Validate all payroll tax calculations, filings, and payments to ensure full compliance with statutory regulations.

Research and interpret complex payroll tax laws and updates, advising stakeholders on the implications of policy or program changes.

Prepare comprehensive reports for Finance and leadership regarding tax liabilities, labor costs, and tax-related trends.

Support and lead internal and external payroll tax audits, including detailed documentation and issue remediation.

Develop and maintain robust payroll tax controls to support audit cycles and SOX compliance.

Oversee the end-to-end US bi-weekly payroll processing as a backup to the Payroll Specialist as needed.

Maintain expert knowledge of and ensure strict compliance with all local, state, and federal payroll tax and wage and hour laws, and recommend policy changes to mitigate risk.

Manage complex, escalated employee inquiries concerning payroll, requiring interpretation of policy and regulation to resolve.

Design, implement, and monitor key internal controls and prepare comprehensive documentation for all audit cycles.

Create and maintain comprehensive, auditable payroll tax process documentation and training materials.

Act as the primary owner for SOX and internal audit compliance within the payroll tax function.

Lead and execute strategic special projects, such as system implementations or new jurisdiction expansion, as assigned by the Payroll Manager.

Collaborate cross-functionally with Tax, Accounting, and HR departments to reconcile payroll tax accounts and ensure alignment between payroll tax records and general ledger entries.

Monitor and oversee year-end tax processing, including W-2/W-2C generation, balancing, and timely filing with federal and state agencies.

Serve as a point of contact for third-party payroll tax providers, managing vendor relationships and monitoring service level agreements to ensure accuracy and timeliness.

Execute and document complex tax adjustments, including gross-ups, fringe benefit taxations, and relocation-related tax treatments.

What You'll Need

Qualifications

Bachelor's degree with 3+ years of progressive experience in a multi-state payroll function.

Deep knowledge of U.S. payroll laws, regulations, and tax administration requirements.

Strong knowledge of general accounting and payroll tax accounting requirements.

Excellent customer service skills with an ability to effectively handle and resolve employee inquiries and issues.

Advanced data analytics experience, preferably with Excel or Alteryx.

Must exhibit strong personal integrity and be capable of working with sensitive information and keeping sensitive information confidential.

Demonstrated analytical, problem-solving, and decision-making skills with a focus on results and accuracy of the payroll.

Ability to function in a highly collaborative environment.

Attention to detail and the ability to maintain a high level of accuracy under pressure.

Organizational, Multi-Tasking and Prioritization skills.

Exemplary Communication skills.

Experience using a ticketing system such as ServiceNow or Jira.

Compensation and Benefits

The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.

To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!

SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.

The Company hires the best qualified candidate for the job, without regard to protected characteristics.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

New York applicants: Notice of Employee Rights

SoFi is committed to an inclusive culture. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [email protected].

We are unable to accommodate remote work from Hawaii, Alaska or Puerto Rico at this time.

Internal Employees

If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.