Mortgage Payroll Processor

Position Type: Full-Time, Salaried Exempt
Department: Mortgage Operations
Reports To: Human Resources Manager, Mortgage Division

Position Summary

The Mortgage Payroll Processor has deep expertise in commission structures, multi-state compliance, and compensation agreements within the mortgage industry. This role requires a strong understanding of payroll operations, accounting principles, and employee support. The Mortgage Payroll Processor is proactive, analytical, and capable of managing complex payroll scenarios with precision.

Key Responsibilities

·         Administer end-to-end payroll processing for a multi-state workforce, ensuring accuracy and compliance with federal and state regulations.

·         Interpret and apply complex commission plans and compensation agreements for mortgage professionals.

·         Maintain detailed records of compensation adjustments, bonuses, and overrides.

·         Collaborate with Finance and HR teams to align payroll with organizational goals and P&L statements.

·         Reconcile payroll transactions with accounting systems and assist in financial reporting.

·         Provide expert-level support to employees regarding payroll inquiries, deductions, and earnings.

·         Monitor legislative changes affecting payroll and ensure timely updates to processes and systems.

Required Qualifications:

·         Strong knowledge of commission-based compensation structures.

·         Experience with multi-state payroll compliance and reporting.

·         Familiarity with profit and loss (P&L) statements and their impact on payroll decisions.

·         Proficiency in payroll software (e.g., ADP, Paychex, QuickBooks) and Microsoft Excel.

·         Excellent communication and problem-solving skills.