Payroll & Benefits Analyst
Come work with us:
Metropolitan Commercial Bank (the “Bank”) is a full-service commercial bank based in New York City. The Bank provides a broad range of business, commercial, and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities, and local government entities.
Metropolitan Commercial Bank was named one of Newsweek’s Best Regional Banks and Credit Unions 2024. The Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2024. For the fourth time, MCB has earned a place in the Piper Sandler Bank Sm-All Stars Class of 2024.
Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan, Boro Park, Brooklyn and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
Position summary:
The Payroll & Benefits Analyst is responsible for the accurate and timely administration of payroll and employee benefits. This role serves as the operational backbone as the sole administrator for processing and management of our programs and ensuring compliance, accuracy, and a high-quality employee experience. The role partners closely with HR leadership, Finance, external vendors, and managers across the organization.
We have a flexible work schedule where employees can work from home one day a week.
Essential functions and responsibilities
Payroll Administration
- Administer biweekly payroll processing from end to end
- Validate payroll inputs including:
- New hires, terminations, and changes
- Compensation updates
- Time and attendance data
- Partner with HR and Finance for payroll review, approvals, and reconciliation
- Resolve payroll discrepancies and employee inquiries promptly
- Support payroll audits and year-end activities (W-2s, reconciliations)
Vendor Management
- Partner with benefits brokers and vendors to:
- Maintain plan accuracy
- Manage eligibility
- Resolve enrollment issues
- Establish and maintain file feeds and system integrations between HRIS, payroll, and benefit providers
- Ensure data accuracy across systems
Leave & Employee Support
- Administer leave programs (FMLA, state leaves, disability, company leaves)
- Partner with HR Consulting and managers to ensure compliant leave administration
- Serve as a primary point of contact for employee questions related to:
- Payroll
- Benefits
- Leave policies
Compliance & Process Control
- Ensure payroll and benefits processes comply with internal policies and regulatory requirements
- Maintain documentation for payroll and benefits procedures
- Support internal audits and external vendor reviews
- Identify opportunities to streamline processes and reduce errors
Knowledge, skills and abilities:
- College degree or equivalent work experience
- 4+ years of experience in payroll and benefits administration
- Experience with biweekly payroll processing
- Strong knowledge of benefits administration and leave management
- Familiarity with HRIS and payroll systems (Workday and ADP preferred)
- High attention to detail and confidentiality
- Strong customer service and communication skills
Potential Salary: $80,000 - $100,000 annually
This salary range reflects base wages and does not include benefits, bonus, or incentive pay. Salary bands are purposefully wide ranging to encompass the different factors considered in determining where a candidate falls in the range, including but not limited to, seniority, performance, experience, education, and any other legitimate, non-discriminatory factor permitted by law. Final offer amounts are determined by multiple factors including candidate experience and expertise and may vary from the amounts listed here.
Metropolitan Commercial Bank provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state, or local laws.
This applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation, and training.
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