Summary:
The Payroll Administrator is responsible for overseeing and processing payroll for a financial institution, including calculating wages, benefits, and taxes, ensuring accuracy of payroll records, and distributing paychecks.
Responsibilities:
- Process and distribute employee paychecks and direct deposits on time
- Ensure payroll records are accurate and up-to-date
- Process employee benefit deductions, including retirement contributions and health insurance premiums
- Calculate and record wages, deductions, and taxes accurately
- Identify and resolve payroll discrepancies and issues
- Manage employee time off accrual and absences
- Compile and submit payroll reports to management and regulatory bodies
- Stay up-to-date with payroll laws, regulations, and tax requirements
- Coordinate with other departments to ensure all payroll needs are met
Qualifications:
- Bachelor's degree in accounting, finance, or related field
- Minimum of 2 years of experience as a Payroll Administrator in banking or financial services industry
- Solid understanding of payroll laws, regulations, and tax requirements
- Proficient in payroll software, including ADP or Paychex
- Strong analytical skills and attention to detail
- Excellent communication skills and ability to work independently and as a team player.