Job Summary:
The Payroll Officer is responsible for managing the payroll process, ensuring accurate and timely payment of salaries, benefits, and deductions. This role involves maintaining payroll records, handling discrepancies, and staying updated with relevant laws and regulations.
Key Responsibilities:
1. Payroll Processing:
- Calculate and process employee wages, salaries, bonuses, and deductions.
- Ensure timely and accurate payment of salaries through various payment methods.
2. Record Maintenance:
- Maintain and update payroll information by collecting, calculating, and entering data.
- Keep records of attendance, hours worked, and other related information.
3. Compliance:
- Ensure compliance with federal, state, and local payroll laws and regulations.
- Stay informed about changes in tax and deduction laws that affect payroll operations.
4. Problem Resolution:
- Investigate and resolve payroll discrepancies and issues.
- Address employee queries regarding payroll, deductions, and other related concerns.
5. Reporting:
- Prepare payroll reports for management and finance departments.
- Provide regular updates and summaries of payroll activities.
6. Coordination:
- Liaise with HR for updates on employee status changes, new hires, and terminations.
- Collaborate with other departments to ensure accurate payroll data.
7. Systems Management:
- Operate payroll software and other related systems.
- Ensure the security and confidentiality of payroll information.
8. Auditing and Reviews:
- Conduct regular audits to ensure accuracy and compliance.
- Assist in internal and external payroll audits.
Qualifications:
- Education: Bachelor’s degree in accounting, finance, or a related field.
- Experience: Proven experience as a payroll officer or in a similar role.
- Skills:
- Strong numerical and analytical skills.
- Proficiency in payroll software and MS Office (especially Excel).
- Excellent attention to detail and accuracy.
- Strong organizational and time-management skills.
- Good communication and interpersonal abilities.
Additional Requirements:
- Knowledge of payroll best practices.
- Familiarity with various payroll systems and software.
- Ability to handle confidential information with discretion.
The Payroll Officer plays a vital role in ensuring the smooth operation of payroll activities within an organization, contributing to employee satisfaction and regulatory compliance.
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