Payroll Accountant

Company Description Franklin Mountain Management (FMM) delivers best-practice business services to the Franklin Mountain Investments (FMI) and Franklin Mountain (FM) family of companies. The organization supports a diverse portfolio through centralized expertise in financial accounting, investor relations, human resources, information technology, purchasing and procurement, legal, and risk management. Team members collaborate across functions to help operating companies work efficiently and responsibly. Joining FMM means contributing to a professional, service-oriented environment that values accuracy, compliance, and partnership with internal stakeholders.

Position Summary

The Payroll Accountant serves as a critical link between Human Resources and Accounting, ensuring the accuracy, integrity, and compliance of payroll-related financial data. This role is responsible for recording, reconciling, and reporting payroll activity within the General Ledger while maintaining strong internal controls and supporting financial reporting requirements.

 Acting as a bridge between detailed payroll data and the organization’s financial statements, the Payroll Accountant ensures that wages, taxes, deductions, and employer-paid benefits are accurately reflected in financial records.

Key Responsibilities

General Ledger & Financial Accounting

• Prepare and record payroll-related journal entries, including wages, taxes, and benefits

 • Ensure accurate and timely posting of payroll activity to the General Ledger

 • Support monthly, quarterly, and annual close processes

 • Analyze payroll-related expenses and variances

Reconciliation & Account Analysis

• Perform reconciliations of payroll-related accounts (tax liabilities, clearing accounts, benefits)

 • Ensure alignment between payroll reports, third-party data, and financial records

 • Investigate and resolve discrepancies

 • Maintain accurate supporting documentation

Compliance & Audit Support

• Ensure compliance with federal, state, and local payroll tax regulations

 • Review payroll tax reporting and liabilities for accuracy

 • Prepare audit schedules and supporting documentation

 • Support internal and external audit processes

Internal Controls & Governance

• Maintain strong internal controls over payroll-related accounting processes

 • Ensure appropriate segregation of duties and confidentiality

 • Review payroll outputs for financial accuracy prior to posting

 • Identify and mitigate financial and compliance risks

Systems & Process Improvement

• Partner with HR and Payroll Operations to ensure accurate data flow

 • Identify opportunities for automation and process improvements

 • Support system implementations and enhancements

Qualifications

Education & Experience

• Bachelor’s degree in Accounting or related field required

 • Minimum of five years of payroll accounting or general ledger accounting experience

 • Experience in multi-entity or multi-state environments preferred

Knowledge, Skills & Abilities

• Strong understanding of payroll accounting, journal entries, and reconciliations

 • Knowledge of payroll tax regulations and financial reporting impact

 • Advanced Excel and ERP/payroll system experience

 • High attention to detail and analytical capability

 • Ability to manage confidential data with discretion

Success Factors

• Delivers accurate and timely payroll-related financial reporting

 • Maintains strong reconciliations and internal controls

 • Effectively partners with HR, Payroll Operations, and Accounting stakeholders

Compliance Statement

This job description is not intended to be all-inclusive. The employee may perform other related duties as required to meet business needs.