2025 Campus Recruitment Payroll Associate - Bank of China Limited, New York Branch

Introduction:

Established in 1912, Bank of China is one of the largest banks in the world, with over $3 trillion in assets and a footprint that spans more than 60 countries and regions. Our long-term outlook, institutional weight and global breadth provide our clients with a stable and reliable financial partner, whether in Corporate or Personal Banking or our Trade Services, Commodities, Financial Institutions and Global Markets lines of business.

Overview:

*To be eligible for campus recruitment program, you can only apply for 1 position within the U.S. Branches.

 

This position will perform key tasks to establish and maintain employees’ data including new hires, terminations and employment changes. Other duties include ensuring timely and accurate processing of full-circle multi-state semi-monthly payroll transactions and in compliance with government regulations and company policies, preparing all payroll related reports, assisting any other projects assigned by Benefit and Compensation team, etc.

Responsibilities:

Payroll Administration

• Review and record HR/Payroll/Benefits data into HRIS system, including new hire and termination and all the changes in between.
• Data entry also including HR/Payroll/Benefits retroactive calculation and adjustments.
• Review and make adjustment entry from attendance report.
• Perform various payroll accounts reconciliations and resolve payroll discrepancies with relevant stakeholders including but not limited to FMD, OSD, and internal and external auditors.
• Process termination payouts and off-cycle check request, including wires and ACH payments when applicable.
• Maintain employees’ data including ACA
•    1095-C Tax forms
• Respond to employee inquiries related to payroll, acts as the first level correspondent for questions/concerns and responses to the employees promptly.
• Process manual checks as requested.
• Prepare and distribute reports to appropriate parties (payroll, benefits deductions, employment tax, ACA, EEO, and Multiple Work Site etc.)
• Assist and review employment tax filings and other regulatory reporting requirements.
• Assist with month/year end close and internal and external audit.
• Ensure Payroll Processing follows applicable Federal, State, and Local regulatory reporting requirements and guidelines.
• Assist Team Leader for maintain payroll guidelines, policies and procedures.

 

Employment Verification

• Process employment verification requests
• Process unemployment claims related to payroll data inquiry.

 

Other

• Generate monthly report for employee emergency contact for the BCP plan
• Complete various compensation surveys
• Participate in special projects and other duties as assigned

Qualifications:

• Bachelor’s degree in business, human resources or related field is required at the time of hiring
• Internship experiences in payroll processing, specifically full-cycle multi-state payroll is preferred
• Knowledge of payroll systems, reporting functions as well as the full cycle of payroll operations, including benefits, and Time & Attendance is preferred
• Knowledge of the CA, NY and IL employment rules and regulations is preferred
• Excellent communication skills and customer service skills in handling matters in a professional, courteous and friendly manner is a must
• Ability to handle highly confidential information and detail-oriented attitude 
• CEBS, CCP, or SPHR, PHR SHRM-CP, and FPC/CPP certifications are preferred

Pay Range

Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

:USD $50,000.00 - USD $70,000.00 /Yr.