The Payroll Specialist will be responsible to facilitate and administer our employee compensation. The responsibilities will include calculating employees’ compensation (salary, pension, bonus etc.), updating our internal payroll databases and ensuring timely payments, verifying employees’ work hours and payment through the payroll system, issuing deductions, earnings and other statements to employees and updating payroll records regularly. Candidates must have a strong ability with numbers and be able to handle sensitive information.
Key responsibilities include:
Maintaining payroll information by collating, calculating and entering data
Updating payroll records by entering any changes to employee information or benefits such
as job title changes, exemptions and saving deductions
Preparing reports that include summaries of earnings, tax deductions, leave, compassionate leave and non-taxable wages
Overseeing payroll liabilities by determining employee taxes, including federal and state income and social security tax, and calculating employer’s payments for social security, unemployment and worker’s compensation
Resolving payroll discrepancies and answering any employee payroll queries
Maintaining all payroll operations according to company policies and procedures
Collect daily, weekly or monthly timesheets from the various systems
Coordinate bonuses calculations and allowances
Cooperate with the local payroll vendors to oversee employees’ compensation by the end of each pay cycle using payroll software in a timely manner
Distribute payment statements and gather pay slips (digital or paper)
Report on payroll expenses
Ensure wages and tax withholdings comply with regulations per region/country
Enter new employees’ data (e.g. bank accounts and tax identification numbers) into internal databases
Answer questions about compensation, benefits, taxes and insurance deductions Education, Skills, Knowledge
• BSc in Accounting, Human Resources or relevant field