Payroll Admin
PLATINUM SECURITY
Job Description
Job Description
As a Payroll Administrator, you will play a crucial role in ensuring accurate and timely processing of payroll activities for our organization. Your primary responsibilities will involve managing payroll systems, calculating wages, and ensuring compliance with relevant regulations. You will collaborate with various departments to gather necessary information, resolve payroll discrepancies, and contribute to the overall efficiency of the payroll process.
ESSENTIAL FUNCTIONS
- Processing Payroll: Collecting and verifying timekeeping information, including leaves, absences, and overtime. Calculating wages, deductions, bonuses, and commissions. Processing payroll on a regular schedule (weekly, bi-weekly, or monthly).
- Maintaining Records: Managing and updating employee payroll records. Ensuring accuracy of data related to salaries, benefits, taxes, and deductions.
- Compliance and Regulations: Ensuring compliance with local, state, and federal payroll regulations. Staying updated with tax laws and statutory requirements related to payroll.
- Benefits Administration: Handling employee benefits, such as health insurance, retirement plans, and other deductions. Coordinating with HR to manage benefit enrollments, changes, and terminations.
- Payroll Reporting: Generating payroll reports for management and accounting purposes. Preparing reports related to taxes, deductions, and other payroll expenses.
- Addressing Employee Inquiries: Responding to employee queries regarding payroll, deductions, and compensation. Resolving payroll discrepancies and issues in a timely manner.
- Collaboration with HR and Finance: Working closely with HR for accurate employee information and changes. Collaborating with the finance department for budgeting and financial reporting purposes.
- Payroll System Management: Utilizing payroll software to process payments and maintain records. Ensuring the payroll system is updated and functioning effectively.
- Audits and Reconciliations: Conducting audits and reconciliations to ensure accuracy in payroll records. Resolving discrepancies and rectifying errors in payroll calculations.
- Continuous Improvement: Identifying opportunities to streamline payroll processes and improve efficiency. Implementing best practices to enhance payroll operations.
Vacancy posted 2 days ago
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