Manager Client Funds Accounting

Company Overview

Paylocity is an award-winning provider of cloud-based HR and payroll software solutions, offering the most complete platform for the modern workforce. The company has become one of the fastest-growing HCM software providers worldwide by offering an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build a strong workplace culture.  

While traditional HR and payroll providers automate basic HR processes such as payroll and benefits administration, Paylocity goes further by developing tools that HR and businesses need to compete for talent and deliver against the expectations of the modern workforce. 

We give our employees what they need to succeed, including great benefits and perks! We offer medical, dental, vision, life, disability, and a 401(k) match, as well as perks that support you, your family, and your finances. And if it’s career development you desire, we provide that, too! At Paylocity, people matter most and have always been at the heart of our business. 

When you feel like you belong, work is no longer work – it's personal. At Paylocity, we believe better employees lead to better companies. Workplaces and cultures that care will build the future, and at Paylocity, we’re doing just that. Join us as we change the future and transform your career! 

There are jobs and then there are careers. Since 1997, Paylocity has been hiring talented people, giving them big challenges, and providing the right resources to help them succeed. Our award-winning culture ensures all employees feel truly welcome, appreciated, and free to be themselves. While other companies talk about it, we make it happen. Join Paylocity and launch your career! 

The Senior Analyst Sales Analytics is a key member of the Sales Analytics team assisting with the ongoing review of key sales performance metrics and sales strategic initiatives. They have direct communication with senior sales leadership, as well as regular interaction with the CEO and CFO.

Position Overview 

The Client Funds Accounting Manager is responsible for ensuring all client funds accounts for Paylocity are reconciled and client funds settle as intended while mitigating risks in addition to managing a set of professionals to meet daily company deadlines.   

Performance Objectives 

The below represents the primary responsibilities of the position. Other duties may be assigned as needed.  

• Protect client held funds and manage reconciliation processes to ensure all account balances are accurate while risks and potential losses are identified and mitigated.  Coach the team to problem solve through complex issues.    
• Manage and mentor a staff of professionals, including managing assignments to maximize productivity and developmental opportunities  
• Collaborate with internal stakeholders and external partners to increase information sharing and problem solving and implement enhancements and new technology  
• Leads and prioritizes team projects and initiatives for process improvements and automations. 
• Works on issues where analysis of situations or data requires an in-depth knowledge of organizational objective 
• Plans assignments for a successful month-end close, prepares monthly reconciliations, and reports Revenue in client funds accounts to Corporate Accounting. 
• Review aging issues that are outstanding or need to be escalated to ensure the company is not at risk. Determine whether additional departmental escalation need to be made to close out items. 
• Manage department procedures to comply with standard operating procedures and Sarbanes Oxley.  Provide SOC/SOX walkthroughs and supporting documentation needed by auditors 
• Review Daily and Weekly reconciliation for payroll/tax/benefit accounts  
• Review and approve Client Credits 
• Other duties and ad hoc projects, as assigned 

Education and Experience 

• Bachelor’s degree in Finance, Accounting or Business or equivalent experience 
• 5+ years’ experience in a payroll service or banking/tax operations  
• 3+ years in service bureau or company account reconciliations 
• 2+ years of supervisory experience preferred  
• MasterTax Software experience a plus 
• Intermediate to advanced level experience in MS applications including Excel and Access 
• Excellent written and verbal presentation and communication skills 
• Highly organized and able to multitask within a deadline-driven environment 

 Physical requirements

• Ability to sit for extended periods: The role requires sitting at a desk or workstation for long periods, typically 7-8 hours a day.

• Use of computer and phone systems: The employee must be able to operate a computer, use phone systems, and type. This includes using multiple software programs and inquiries simultaneously.

Paylocity is an equal-opportunity employer. Paylocity is committed to the full inclusion of all individuals. We recruit, train, compensate, and promote regardless of race, religion, color, national origin, sex, disability, age, veteran status, and other protected status as required by applicable law. At Paylocity, we believe diversity makes us better. We embrace and encourage our employees’ differences in age, culture, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion or spiritual belief, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. We actively cultivate these differences through our employee resource groups (ERGs), employee experiences, perspectives, talents, and approaches to drive innovation in the software and services we provide our customers. We comply with federal and state disability laws and make reasonable accommodations for applicants and employees with disabilities. To request reasonable accommodation in the job application or interview process, please contact LeaveBenefits@paylocity.com. This email address is exclusively designated for such requests, aligning with federal and state disability laws. Please do not send resumes to this email address, as they will be removed.

The pay range for this position is $65,000-$95,000/yr; however, base pay offered may vary depending on job-related knowledge, skills, and experience. This position is eligible for an annual bonus based on individual performance in addition to a full range of benefits outlined here. This information is provided per the relevant state and local pay transparency laws for the location in which this position will be performed. Base pay information is based on market location. Applicants should apply via www.paylocity.com/careers.