Payroll Analyst

Job Description

What is the opportunity?

Work with a collaborative and high-performing team at RBC, one of Minneapolis/St. Paul Business Journal’s top places to work. The Payroll Analyst is responsible for the timely and efficient reconciliation of payroll transactions and accounts for several key payroll functions to ensure the accuracy of the general ledger, payroll funding and reporting for most of RBC’s operations in the United States.

What will you do?

• Reconcile all payroll G/L accounts and review and analyze outstanding balances as well as prepare and upload G/L batch entries to PeopleSoft

• Investigate and explain variances, determine action plan to remediate discrepancies, escalates and reports any issues to supervisor when necessary

• Create / maintain up-to-date documentation of all processes and control procedures

• Ensure compliance with internal control requirements, general ledger account reconciliation processes and regulatory reporting and serve as main contact for all payroll G/L account inquiries from team members and business partners

• Track all payroll adjustments (ACH payments, ACH returns, wires, and SAP check voids, etc.) and provide reports to Finance Department to assist them with their payroll bank reconciliation

• Match tax funding to bank account withdrawals daily to catch discrepancies

• Handles or distributes Wells Fargo ACH Returns, Notifications of change, positive pay exceptions, and fraud filter

What do you need to succeed?

Must-have

• Bachelor’s degree in Accounting, Finance or related field with 2+ years payroll/accounting experience

• Very strong communication skills (both oral and written), strong attention to detail, and well organized

• Ability to set priorities and work effectively in a fast paced, deadline-oriented environment

• Enthusiastically embraces change and a self-motivator with a high degree of self-sufficiency

• Ability to maintain confidentiality and handle issues with discretion and good judgment.

Nice-to-have

• Certified Payroll Professional (CPP)

• Accounting designation

• Experience with PeopleSoft and SAP a benefit

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual. 

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to take on progressively greater scopes of work

The good-faith expected salary range for the above position is $55,000 - $85,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

·       Drives RBC’s high performance culture

·       Enables collective achievement of our strategic goals

·       Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

Address:

250 NICOLLET MALL:MINNEAPOLIS

City:

Minneapolis

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

HUMAN RESOURCES & BMCC

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-07-30

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.