Overview:
We are not just offering a job but a meaningful career! Come join our passionate team!
As a Fortune 50 company, we hire the best employees to serve our customers, making us a leader in the insurance and financial services industry.
State Farm embraces diversity and inclusion to ensure a workforce that is engaged, builds on the strengths and talents of all associates, and creates a Good Neighbor culture.
We offer competitive benefits and pay with the potential for an annual financial award based on both individual and enterprise performance.
Our employees have an opportunity to participate in volunteer events within the community and engage in a learning culture.
We offer programs to assist with tuition reimbursement, professional designations, employee development, wellness initiatives, and more!
Visit our Careers page for more information on our benefits, locations and the process of joining the State Farm team!
Responsibilities:
This posting is for 3 entry/support level roles providing operational accounting transaction support in our Financial Shared Services area.
FSS supports many areas for both State Farm employees and State Farm customers – from compensation services, expense processing, and unclaimed property.
Employee Compensation Primary responsibilities may include:
Process pay-cycles and coordinate overpayment recoveries.
Monitor and assist with employee income reporting and special payroll items including job transfers, location changes, direct deposit updates, State and Federal W4's, and coordination of benefits.
Assists in the distribution of paper checks, pay advices’, coordination of W-2 and W-2C processing, reissuing of W-2s.
Research and process stop pay and replacement entries
Process all deductions taken from employees' paychecks, including voluntary deductions such as 401k, Credit Union, and Mutual Fund deductions, as well as involuntary deductions (as required by law), such as child and spousal support, bankruptcies, student loans, and writs of garnishment.
Manage a large volume of work items and meet state deadlines.
Prepare state filings and communicate effectively with our outside vendor.
Work closely with key business partners, including Human Resources & Development, Legal, Expense Processing, Corporate Tax and Money Movement.
Research and process stop pay and replacement entries.
Manage a large volume of work items and meet state deadlines.
Prepare state filings and communicate effectively with our outside vendor.
Money Movement Primary responsibilities may include:
Complete pay/no pay decisions for premium refund, Health, and Claim payments that come through banking channels to be paid by the daily deadline
Maintain draft, check, and bank controls for the disbursement bank accounts
Daily balancing of draft, check, and bank controls
Research/clear pending items on controls
Monthly bank and FAR reconciliations
Handle check verification phone calls from banks and check cashing facilities
Qualifications:
The following skills, background, and/or experiences are preferred, but not required:
Ability to understand the regulations that drive payments and withholdings
Bank account reconciliations
Strong attention to detail and accuracy skills
Strong Customer Service Skills
Ability to understand the up and downstream impacts to work
Deadline driven
Prioritize work tasks independently
Ability to work in a fast-paced environment and remains composed under pressure/high stake situations
Teamwork/effective team communication and a positive work mindset
Open mind to process changes
Understanding of the tools/functionalities within Adobe, Microsoft Suite (Word, Excel, Outlook, Teams), Control D, Host/Rumba, ECS
Collaborative mindset
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