Payroll Officer 18D25

A Payroll Officer plays a crucial role in managing a company's payroll operations by ensuring accurate and timely delivery of payroll services to all employees. This position requires a meticulous individual with a strong understanding of payroll and tax regulations. The Payroll Officer will work closely with the HR and finance departments to maintain and improve payroll procedures and resolve any payroll-related concerns. The successful candidate will need to demonstrate excellent numerical skills, attention to detail, and the ability to handle sensitive information with confidentiality and discretion. This role offers the opportunity to contribute significantly to employee satisfaction and organizational efficiency, ensuring that payroll processes are fair, compliant, and up-to-date with statutory requirements.

Responsibilities

• Prepare and process payroll for all company employees accurately and on time.
• Ensure compliance with all federal, state, and local payroll tax regulations.
• Maintain and update employee payroll records with utmost accuracy and confidentiality.
• Resolve payroll discrepancies and respond to any payroll-related inquiries from employees.
• Calculate employee wages, deductions, bonuses, and commissions correctly.
• Coordinate with HR to verify employee status changes affecting payroll processing.
• Prepare and reconcile payroll reports for management and auditors as needed.
• Assist in the year-end processes, including preparing W-2 forms for employees.
• Ensure systems, processes, and practices are compliant with audit requirements.
• Collaborate with the finance team to ensure correct funding to payroll accounts.
• Implement improvements to streamline payroll activities for greater efficiency.
• Maintain knowledge of payroll trends and legislative changes affecting payroll processes.

Requirements

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• Proven experience as a Payroll Officer or similar role within a corporate environment.
• Strong understanding of payroll principles, practices, and regulatory requirements.
• Excellent attention to detail and accuracy in processing payroll information.
• Proficient in payroll software systems and Microsoft Office, especially Excel.
• Strong analytical skills with the ability to identify and solve payroll issues effectively.
• Exceptional communication skills for interacting with employees and management.