Payroll Services Specialist
Lockheed Martin
Payroll Services Specialist | Lockheed Martin
Performs payroll and labor accounting duties by applying payroll accounting principles. WORK PERFORMED Processes vacation, sick/personal business leave, and special payments, such as cash equivalent awards, patent awards, union grievance payments, and lump sums. Reports pay corrections. Assesses and inputs late requests for various leave of absence payments. Sets-up initial union dues and arrears deductions. May input employees' Family Medical Leave (FML) hours into labor data management systems. Manages billings for vacation liabilities for transfers in/out/or between business units. Reviews, verifies, and makes appropriate inputs for on-line checks in accordance with Company policies and state laws. Submits requests and coordinates on-site printing and distribution of online checks. Verifies and enters check distribution information. Counsels and assists employees concerning payroll, payroll accounting activities, time entry inputs, proper labor recording, and various policies regarding labor input. Performs the analysis and reconciliation of data pertaining to payroll and labor accounting, reconciling discrepancies and determining corrective action. Prepares and reconciles reports for suspense, exceptions, and discrepancies. Monitors and assists with correction of exception reports. Corrects suspense to valid accounts or cost element/WBS element. Maintains financial tables. Prepares and reconciles reports and payroll general ledger accounts, and employee sick/personal business leave accrual journals. Identifies the reconciliation of billable and nonbillable items, as applicable. Identifies the payroll report differences of billed items versus items to be journaled. Assembles payroll or labor cost and other accounting data to prepare and process journals at month end, investigating errors for corrective action. Computes amounts of miscellaneous accruals and write-offs.
Bachelor Degree in Accounting. Experience with Reconciliation - such as Bank, Payroll or Labor. Ability to use excel. Ability to use a computer. Good Communication Skills Ability to Prioritize Work in fast paced environment Ability to Work in a Virtual Team Environment
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