• Senior Payroll Analyst

    Job Locations US-NJ-Princeton
    Requisition ID
  • Responsibilities

    The Senior Payroll Analyst encompasses all aspects of the payroll function and accounting related responsibilities associated the company’s compensation and benefits. This role is the principal knowledge expert on payroll matters and a thoughtful leader in payroll processing. This individual will possess the ability to identify opportunities to improve processes while adding rigor around compliance and gained efficiencies.


    The Senior Payroll Analyst has a strong working knowledge of payroll regulations and will ensure accurate and timely execution of multi-state payroll processing using ADP Work Force Now with a focus on key internal controls and federal state and local laws/compliance guidelines.


    In partnership with the Payroll Manager and Human Resources, this position will also be responsible for the timely and accurate processing of terminations, new hires and personnel changes transferred through interface from Workday HRIS to ADP Workforce Now while meeting all regulatory and reporting requirements; perform a variety of accounting month-end close activities, custom reporting, data analysis, routine reconciliations, and any other day-to-day operational activities as needed.

    This position requires a high level of confidentiality and integrity to ensure staff confidence and protection of the payroll operations and information.


    Responsibilities include but not limited to the following:

    • Responsible for providing accurate and timely processing of the semi-monthly employee payroll including expatriates for approximately 1,850 employees.
    • Interface and coordinate with HR Partners on periodic inputs. Provide necessary files to HR for 401k, Flex Spending and YTD Earnings.  Quarterly and year-end inclusion of related taxable fringe benefits to employees.
    • Manage and support 3rd Party Provider.
    • Analyze and resolve various payroll related issues. Liaison with payroll processor for all on-going support and software enhancements/ improvements.
    • Responsible for setting up new state and local tax jurisdictions as needed
    • Responsible for the oversight of entries into Oracle, including but not limited to, Payroll, Headcount, Pension, 401k, Health & Welfare and Bonuses. Responsible for timely and accurate monthly account analysis related to all payroll and benefits accounts.
    • Support FP&A by providing department salary reports as requested for budgeting and forecast activities.
    • Provide ongoing support to HR and Finance with regards to annual audits.
    • Ensure payroll processing and employee benefits is within Company’s practices and policies (JSOX).
    • Process terminations and manage final wage payments in accordance with applicable state laws
    • Maintains current knowledge federal, state, and local wage and employment laws
    • Ad Hoc projects as required


    • Bachelor’s Degree required, degree in Accounting or Finance preferred
    • 5 years industry related experience is required.
    • Computer proficiency; strong knowledge of Excel and MS Word is required
    • Ability to work under pressure showing high commitment to Payroll and financial reporting deadlines is required
    • Ability to pro-actively identify process improvements within payroll and related benefit accounting systems is required
    • Experience with payroll accounting experience including payroll system experience; or significant other accounting experience
    • Oracle & Workday knowledge is preferred
    • IFRS knowledge is preferred
    • ADP experience is preferred
    • Pension Audit knowledge is preferred


    Otsuka Pharmaceutical Company is a global healthcare company with the corporate philosophy: “Otsuka-people creating new products for better health worldwide.” Otsuka researches, develops, manufactures and markets innovative products, with a focus on pharmaceutical products to meet unmet medical needs and nutraceutical products for the maintenance of everyday health.
    In pharmaceuticals, Otsuka is a leader in the challenging area of mental health and also has research programs on several under-addressed diseases including tuberculosis, a significant global public health issue. These commitments illustrate how Otsuka is a “big venture” company at heart, applying creativity in everything it does.
    Otsuka Pharmaceutical Company is a subsidiary of Otsuka Holdings Co., Ltd. headquartered in Tokyo, Japan. The Otsuka group of companies employed 50,000 people worldwide and had consolidated sales of approximately USD 11 billion (€ 9.9 billion) in 2016. 
    All Otsuka stories start by taking the road less travelled. Learn more about Otsuka Pharmaceutical Company on its global website at www.otsuka.co.jp/en. Learn more about Otsuka in the U.S. at www.otsuka-us.com.
    This job description is intended to describe the general nature and level of the work being performed by the people assigned to this position. It is not intended to include every job duty and responsibility specific to the position. Otsuka reserves the right to amend and change responsibilities to meet business and organizational needs as necessary.
    Otsuka is an equal opportunity employer. All qualified applicants are encouraged to apply and will receive consideration for employment without regard to their protected veteran or disabled status, or any protected status.

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