Gain insight into the essential qualifications, important duties, key responsibilities, and vital skills that form a well-rounded Payroll Specialist job description.
What does a Payroll Specialist do?
A payroll specialist is responsible for managing employee payroll and ensuring accurate and timely payments. This includes collecting and entering employee information and working hours, calculating wages and processing payments, and maintaining payroll records.
Job Description
We are seeking an experienced payroll specialist to handle all payroll-related tasks. Your duties will include gathering and reviewing employee data, calculating wages, processing payments, and maintaining detailed payroll records.
To excel in this role, you should have strong problem-solving skills, adhere to company and regulatory standards, and have excellent interpersonal and numerical abilities.
Job Duties and Responsibilities
- Gather and review employee timesheets and payroll information.
- Enter data into payroll and administrative databases and software.
- Calculate wages, benefits, tax deductions, and other payroll-related expenses.
- Prepare and process employee payments, including paychecks and cash deposits.
- Maintain accurate records of all payroll transactions and documents.
- Distribute income statements to employees.
- Respond to payroll-related inquiries and resolve any issues.
- Reconcile payroll accounts and balances.
- Prepare financial reports for accounting and auditing purposes.
- Create periodic payroll reports for management review.
Requirements and Qualifications
- High school diploma or equivalent.
- Preferred degree in accounting, business, or a related field.
- At least 5 years of experience in payroll or a similar role.
- Basic understanding of accounting principles and payroll practices.
- Proficiency in accounting and payroll software.
- Strong communication and interpersonal skills.
- Excellent organization and time-management abilities.
- High level of numerical aptitude.
- Attention to detail.