Payroll Accountant

Job Description

Skills & Responsibilities

• Process end-to-end payroll for employees, ensuring accuracy in calculations, deductions, and benefits.
• Verify timekeeping records and resolve any discrepancies or issues related to attendance and working hours.
• Prepare and distribute payroll reports to relevant departments and management.
• Handle tax calculations, deductions, and submissions, ensuring compliance with local regulations.
• Manage employee benefits administration, including health insurance, retirement plans, and other deductions.
• Reconcile payroll accounts and resolve discrepancies in collaboration with the finance team.
• Maintain accurate and up-to-date payroll records, both electronically and in hard copies.
• Assist in the preparation of financial reports related to payroll expenses and liabilities.
• Respond to employee inquiries regarding payroll matters, tax withholding, and deductions.
• Stay updated with changes in payroll laws, tax regulations, and labor standards.
• Collaborate with HR to ensure accurate employee information and seamless data flow.
• Contribute to process improvement initiatives to enhance payroll efficiency and accuracy.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Proven experience (X+ years) as a Payroll Accountant or in a similar role.
• Proficiency in payroll software and Microsoft Excel.
• Strong understanding of payroll processes, tax regulations, and labor laws.
• Excellent analytical and mathematical skills.
• Meticulous attention to detail and data accuracy.
• Strong organizational and time management abilities.
• Effective communication skills to interact with employees and stakeholders.
• Ability to handle sensitive and confidential information with discretion.
• Problem-solving skills and the capacity to handle complex payroll scenarios.
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