Full-Time

Finance Shared Services

Accounting-Payroll Advisor, Flexible Hybrid

Posted on 11/20/2024

Fannie Mae

Fannie Mae

10,001+ employees

Facilitates affordable housing through mortgage financing

Social Impact
Financial Services

Senior

Washington, DC, USA

Flexible hybrid role.

Category
Payroll Accounting
Accounting
Required Skills
Data Analysis
Requirements
  • 6 years
  • Experience with in-house full cycle payroll processing utilizing Workday.
  • CPP Certified
  • Workday Payroll Certification or candidate
  • High-level proficiency with Microsoft Office (especially Excel)
  • Bachelor degree or equivalent
  • Comprehensive knowledge of payroll practices and procedures
  • Comprehensive knowledge of payroll taxation including local taxes
  • Solid understanding of multi-state and federal payroll, tax, and employment laws
  • Experience evaluating, analyzing, and resolving unique and complex problems, and recommending solutions
  • Excellent oral and written communication skills
  • Positive attitude with a focus on providing excellent customer service
  • Great time management, organization skills, and dedicated attention to detail and accuracy
  • Motivated self-starter who enjoys working in a fast-paced, dynamic environment
Responsibilities
  • Collect, compile, and enter payroll data using Workday software and ensure information is processed accurately and timely.
  • Process U.S. payrolls by established deadlines.
  • Resolve payroll discrepancies and errors by investigating, collecting, and analyzing information.
  • Upload Garnishments received daily to vendor.
  • Reconcile Quarterly tax filings.
  • Assist payroll team with new state registrations for State Income tax and Unemployment.
  • Assist payroll team in resolution for Federal and State Tax notices.
  • Perform Year-end Processing (W-2, W-2c processing).
  • Ensure compliance with federal, state, and local regulations and guidelines.
  • Recommend new processes to improve performance and efficiency within the payroll function.
  • Maintain employee confidence and protect payroll operations by keeping information confidential.
  • Manage special projects as required.
  • Design and execute payroll accounting processes and related controls.

Fannie Mae operates in the U.S. housing finance market, focusing on making housing more affordable for homeowners, homebuyers, and renters. The company achieves this by purchasing mortgages from lenders, which provides these lenders with the cash flow needed to offer more loans. Fannie Mae's business model includes holding some of these mortgages in its portfolio and packaging others into mortgage-backed securities (MBS) that are sold to investors. This process helps spread risk and ensures a steady flow of capital into the housing market, promoting homeownership and rental opportunities. Fannie Mae generates revenue through fees for guaranteeing MBS payments and from interest on its mortgage portfolio. The company is committed to community service and workplace diversity, earning recognition for its inclusive practices and positive work environment.

Company Stage

IPO

Total Funding

N/A

Headquarters

Washington, District of Columbia

Founded

N/A

Simplify Jobs

Simplify's Take

What believers are saying

  • Fannie Mae's strategic initiatives, such as the MH Advantage program, offer new affordable housing options, potentially expanding their market reach.
  • The company's robust issuance program, like the $659 million Connecticut Avenue Securities deal, demonstrates its strong position in the credit risk-sharing market.
  • Recognition for corporate responsibility and impact, as highlighted in their 2023 CRI Report, enhances Fannie Mae's reputation and stakeholder trust.

What critics are saying

  • The ongoing affordability constraints in the housing market could limit the number of buyers, impacting Fannie Mae's business volume.
  • Economic uncertainties, such as potential GDP growth downgrades and inflation volatility, could affect the housing market and Fannie Mae's financial performance.

What makes Fannie Mae unique

  • Fannie Mae's role as a government-sponsored enterprise uniquely positions it to provide liquidity and stability in the U.S. housing market, unlike private sector competitors.
  • Their ability to package purchased mortgages into mortgage-backed securities (MBS) and sell them to investors spreads risk and ensures a steady flow of capital back into the housing market.
  • Fannie Mae's commitment to community service, diversity, and inclusion, as evidenced by numerous accolades, sets it apart in the financial services sector.

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