Payroll Coordinator
$59k - $75k+ 5-10% Performance Bonus + Stock Purchase Options
Junior, Mid
Bachelor's, Associate's
Chicago, IL, USA
HybridThree days in the office per week.
AccountingPayroll Accounting
About the job
Requirements
- A high school diploma or equivalent and an Associate’s degree in Accounting, Business Administration, Human Resources, or a related field are required.
- One to three years of payroll, accounting, finance, or administrative experience are required.
- Experience using Paylocity or a similar payroll or human resources information system is required.
- Working understanding of payroll processing, payroll taxes, wage and hour laws, and employee benefits deductions is required.
- Intermediate proficiency in Microsoft Excel, including formulas, sorting, filtering, and basic reporting, is required.
- Experience working with confidential employee information and a proven track record of professionalism are required.
- Strong attention to detail and a high level of accuracy are required.
- Organizational and time management skills are required.
- Ability to prioritize multiple deadlines in a fast-paced environment is required.
- Analytical and problem-solving skills are required.
- Customer service and interpersonal communication skills are required.
- Ability to maintain confidentiality and exercise sound judgment is required.
- Ability to work independently while collaborating with Human Resources, Finance, and department managers is required.
- Strong written and verbal communication skills are required.
Responsibilities
- Collect, review, and verify employee timekeeping records to ensure accurate payroll processing.
- Review timecards for completeness and accuracy, and follow up with managers and employees to resolve missing or incorrect information.
- Assist with processing biweekly or semi-monthly payrolls using Paylocity.
- Calculate wages, overtime, shift differentials, bonuses, commissions, retroactive pay, and other payroll adjustments as directed.
- Process employee payroll changes, including new hires, terminations, pay rate changes, direct deposit updates, and tax withholding elections.
- Verify payroll deductions, including health insurance, retirement plans, Flexible Spending Accounts, Health Savings Accounts, garnishments, and other voluntary deductions.
- Reconcile payroll registers and reports before payroll submission to ensure accuracy.
- Research and resolve payroll discrepancies, overpayments, underpayments, and employee questions in a timely manner.
- Maintain accurate and confidential employee payroll records in Paylocity and related systems.
- Prepare and distribute payroll reports to Accounting and Finance for reconciliation and financial reporting.
- Assist with payroll journal entries and reconciliation requests as needed.
- Prepare year-end payroll documentation, including W-2 processing and payroll tax support.
- Assist with payroll tax notices and provide documentation when requested.
- Support internal and external payroll audits by gathering reports and required documentation.
- Follow applicable federal, state, and local wage and hour laws to support payroll compliance.
- Respond professionally to employee inquiries regarding paychecks, taxes, deductions, direct deposit, paid time off balances, and payroll policies.
- Assist the Payroll Manager with payroll system testing, upgrades, and implementation of new payroll processes.
- Maintain payroll calendars and ensure payroll deadlines are consistently met.
- Recommend process improvements that enhance payroll accuracy and efficiency.
- Perform special projects and other assigned duties.
Desired Qualifications
- A Bachelor’s degree in Accounting, Business Administration, Human Resources, or a related field is preferred.
- Experience processing multi-state payroll is preferred.
- Familiarity with payroll tax reporting and year-end processing is preferred.
- Knowledge of wage garnishments, benefit deductions, and paid leave programs is preferred.
- Experience supporting payroll audits and compliance initiatives is preferred.
About the company
Tastytrade provides education and trading tools for options and futures through a network that includes live daily content, educational courses, and strategic trade ideas, plus brokerage and exchange services. Users access free beginner courses and more advanced content, follow real-time market analysis, and execute trades on linked platforms. It differentiates itself by combining education, live market commentary, and trading execution in one ecosystem with multiple revenue streams, including a brokerage and simplified futures offerings. Its goal is to empower traders to navigate options and futures markets and improve their trading outcomes.
Company Size
201-500
Company Stage
Acquired
Total Funding
$47M
Headquarters
Chicago, Illinois
Founded
2011
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Simplify's Take
What believers are saying
- August 2026 Wagl acquisition upgrades AI research, portfolio analysis, and trade execution.
- Stablecoin funding in August 2026 adds USDC, USDT, PYUSD, and RLUSD deposits.
- Crypto expansion to 23 assets and 9,700 monthly traders shows sustained product traction.
What critics are saying
- FINRA fined tastytrade $850,000 on July 21 2026 for best-execution failures.
- FINRA also fined tastytrade $200,000 on May 29 2026 for unreported customer complaints.
- Apex and Zero Hash deepen infrastructure dependence, creating brittle launch risk if partners tighten terms.
What makes tastytrade unique
- tastytrade owns a rare options-first retail brand with live education and trading tools.
- Its August 2026 Global Trading Hours offers nearly 24-hour SPX, VIX, XSP, RUT trading.
- Prediction Markets, launched July 27 2026, embeds CFTC-regulated event contracts inside the brokerage.
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Benefits
- Performance Bonus
- Stock Options
- 401(k) Retirement Plan
- Paid Vacation
- Paid Sick Leave
- Gym Membership
- Commuter Benefits
- Pet Insurance
- Wellness Program
- Paid Volunteer Days Off