Payroll Tax Specialist II

About this role

Work Location: Mount Laurel, New Jersey, United States of America Hours: 40 Pay Details: $72,280 - $108,160 USD TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business: Human Resources Job Description: TD Bank is looking for a detail oriented Payroll Tax professional who works well in a fast paced environment solving complex tax challenges. This role is responsible for managing payroll tax compliance and must be familiar with the complexities of multi state arrangements. Incumbent will have the opportunity to make a meaningful impact as a member of a growing team

The Payroll Specialist II is responsible for processes and activities related to tax and/or compliance in the Payroll Department. This includes the timely processing of tax and/or general ledger activities in compliance with bank policies, procedures, guidelines and all federal, state and local regulations.

Depth & Scope: • Demonstrates deep expertise across a broad range of products, services, systems, and processes within their domain, with a strong understanding of cross-functional interdependencies and enterprise-wide impact. Proactively identifies, investigates, and resolves complex, non-standard operational, reporting, compliance and process challenges with minimal guidance • Drives measurable improvements in quality, efficiency, and strategic outcomes across multiple business units or functional areas • Makes informed decisions on process optimization and capacity planning, guided by enterprise frameworks, while balancing operational continuity and long-term scalability • Translates complex technical and procedural information into actionable insights; sets clear performance expectations and navigates sensitive or high-stakes issues with discretion and influence • Acts as a Payroll subject matter expert in compliance activities

Education & Experience: • Undergraduate degree • 5+ years relevant experience • Sound knowledge and understanding of the operating environment, business process and procedures, and transaction lifecycle for own area • Requires general understanding of the overall function and/or businesses supported • Organized self-starter with excellent analytical, problem-solving and time management skills • Detail oriented, high level of accuracy and ability to work independently • Strong communication skills, both oral and written • Strong PC skills including Microsoft Office, Excel, Access and PowerPoint • Strong customer orientation, interpersonal and communication skills to deal effectively with all levels of staff

Preferred Qualifications: • Experience working in a medium to large size business • Familiar with working with multiple state tax arrangements • Ideal candidate would have familiarity and experience working in a Payroll Tax space/environment

Customer Accountabilities: • Performs payroll tax analysis duties including reconciling periodic & quarterly tax information, working with tax agency representatives to resolve outstanding issues, researching tax tracers/notices • Creates and modifies reports as needed • May generate standard and ad hoc reports for management review and analysis • Coordinates the maintenance of payroll records and reports including the generation of tax forms and other reports required by regulation • Ensures accuracy of reports and adherence to regulatory requirements • May work with federal/state/provincial personnel and payroll vendor to resolve escalated issues as needed • Supports acquisition activity including setting up location codes, notifying state agencies, auditing reports and completes unusual and non-routine issues • Responsible for various routine duties reconciling all tax reports and quarterly files in conjunction with the third-party provider, monitoring audit reports and working with payroll processors to make sure transactional work is properly adjusted • Responsible for the monthly/quarterly/annual reporting to all federal and provincial authorities as required • Maintains current knowledge of related processes and procedures • Develops and implements procedures to ensure resolution to recurring issues • Interacts with various employees in cross-functional areas to resolve issues and develop solutions • Makes process improvement recommendations to management and assists in the planning and implementation of solutions • Responds to and resolves inquiries from management regarding payroll issues, findings or other inquiries • Researches escalated inquiries regarding tax or accounting transactions • Accountable for identifying and escalating compliance risks, control gaps, and emerging regulatory issues • Supports the remediation of findings classified as either formal issues or MUCs (Matters Under Consideration), ensuring alignment with the Issues Management Framework and timely resolution • Acts as a liaison for internal and external audits, ensures that all documentation and evidence required for testing are complete and submitted on time. Supports audit readiness and helps track the execution of remediation plans. • Serves as key contributors to compliance-related projects, ensuring that deliverables are met and that changes are implemented in accordance with regulatory expectations. This includes supporting regulatory change management initiatives and participating in cross-function

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