Payroll Specialist

Job Description: Payroll Specialist

Responsibilities:

• Process bi-weekly payroll, including calculating wages, taxes, deductions, and benefits.
• Ensure timely and accurate distribution of paychecks or direct deposits.
• Reconcile payroll reports and general ledger accounts.
• Maintain accurate employee records, including changes in personal information, tax status, and deductions.
• Update employee information in the payroll system.
• Verify and process time and attendance records.
• Ensure compliance with federal, state, and local tax laws and regulations.
• Prepare and submit payroll tax returns and reports.
• Manage tax withholding and deposit requirements.
• Process and administer employee benefits, including health insurance, retirement plans, and other voluntary benefits.
• Coordinate with benefits providers to ensure accurate enrollment and deductions.
• Generate various payroll reports, including salary summaries, overtime reports, and tax reports.
• Analyze payroll data to identify trends and potential issues.
• Assist with internal and external audits related to payroll.
• Ensure compliance with company policies and procedures.