Payroll Administrator

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.