Discover the essential requirements, duties, responsibilities, and skills needed for a Payroll Coordinator job description.
What does a Payroll Coordinator do?
A payroll coordinator is responsible for managing the entire payroll process. This includes collecting and verifying employee information, calculating wages, and ensuring employees receive correct payment.
Job Description
We are seeking a payroll coordinator to oversee all payroll tasks and ensure that employee wages are paid accurately and on time. The coordinator will gather all necessary information and documents, calculate wages, and address any issues or discrepancies that may arise.
To be successful in this role, the payroll coordinator must be able to efficiently manage payroll tasks and follow company policies and legal regulations. Excellent communication skills and the ability to work well with others are also important qualities for this position.
Job Duties and Responsibilities
- Collecting and verifying employee and timekeeping information.
- Calculating wages, deductions, commissions, and benefits.
- Reviewing wage calculations for accuracy.
- Distributing paychecks to employees.
- Updating payroll information for promotions, transfers, terminations, and new hires.
- Maintaining accurate employee records and payroll transactions.
- Preparing reports that show earnings, taxes, and deductions.
- Addressing any questions or concerns from employees regarding payroll.
- Ensuring compliance with company policies, industry regulations, and tax and deduction laws.
- Generating payroll reports for management and audits.
Requirements and Qualifications
- Bachelor's degree in accounting, finance, or a related field.
- Experience in payroll administration.
- Knowledge of accounting practices and tax laws.
- Proficiency in Microsoft Office, payroll systems, and database software.
- Strong communication skills, both written and verbal.
- Excellent organizational and time management skills.
- Ability to maintain confidentiality.
- Attention to detail and accuracy.
Payroll Coordinator Salary
The earning potential of a Payroll Coordinator can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Payroll Coordinator in the United States is approximately $73291.
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