Payroll Specialist

Lincoln Electric is the world leader in the design, development and manufacture of the highest quality arc welding products, automated joining assembly and cutting systems, and has a global leading position in brazing and soldering alloys. With over 125 years of innovation and service excellence, we are committed to employing talent that will support our strategy to foster innovation, drive growth and provide a first class experience for our customers. Lincoln Electric: we operate to a higher standard to build a better world.

Req. ID: 22980 

PURPOSE: This position processes all benefit files along with the associated work. Additionally, this position is responsible for financial close tasks associated with the benefits: Deferred Comp, Inter-company billings, (entries, accrual reconciliations, proper tax treatment etc.).

JOB DESCRIPTION (DUTIES AND RESPONSIBILITIES)

• Processes all benefit files for hourly and salary employees from a third party vendor.
• Participates in various benefit projects including acquisitions and consolidations.
• Responsible for coordinating with the Benefits Department during open enrollment and through the year, responding to benefit questions and analyzing benefit adjustments.
• Prepares various analyses upon request.
• Responds to requests from internal/external auditors: includes reporting, documentation.
• Assumes additional responsibilities and performs special projects as needed or directed.
• Responsible for account reconciliations for any benefit accounts under payroll.
• Responsible for tracking deductions in arrears.
• Responsible for end of month journal entries for any benefit refunds or adjustments.
• Responsible for providing any reports requested for benefits.
• Assumes additional responsibilities as needed or directed in support of the Company’s 2025 Strategy.

 BASIC REQUIREMENTS

• Bachelor’s degree with 7+ years’ experience required; Minimum of 12 years’ experience in lieu of degree
• CPP preferred
• Experienced with payroll and benefit practices and knowledge of laws for various states with ability to research laws and regulations
• Strong Accounting knowledge
• Solid understanding of benefit taxation
• Ability to follow-up on tax filing discrepancies
• Knowledge of ADP reporting and Vantage software
• Keen attention to detail and able to meet all deadlines
• Demonstrate advanced computer skills such as MS Excel, Word, SAP and HR Databases
• Ability to make solid and rational decisions regarding benefit technical issues
• Developed communications and writing skills

Qualified applicants will receive consideration for employment without regard to their race, color, religion, national origin, sex, protected veteran status or disability.

Lincoln Electric is a $3.2B publicly traded company (NASDAQ) with over 11,000 employees around the world.  With operations in over 56 manufacturing locations in 19 countries, we are well positioned to continue this partnership and poised to grow with our customers. As a part of that continuing legacy, you will contribute to a new generation of innovation and experience the pride that comes with being part of the solution to the world’s challenges.  It is a great time to be part of the welding industry!

Lincoln Electric does not accept unsolicited resumes from third-party recruiters.  Resumes submitted to any employee(s) of Lincoln Electric without a signed vendor agreement, by the Manager of Recruiting & Training, will become property of Lincoln Electric.  Verbal or written commitments from any other member of Lincoln Electric will not be considered binding terms.  Lincoln Electric will not pay a fee to any third-party recruiter that has not coordinated their recruiting activity through the Recruiting Department.

Employment Status: Salary Full-Time 
Function: Finance 
Section:  Lincoln Cleveland (US10) 

EOE, including disability/veterans