Payroll & Compliance

Job Description:

Overview: As a Payroll & Compliance Specialist, you will be responsible for ensuring accurate and timely processing of payroll while maintaining compliance with relevant laws and regulations. This role requires meticulous attention to detail, strong organizational skills, and a comprehensive understanding of payroll processes and compliance standards.

Key Responsibilities:

1. Payroll Processing:

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   • Manage the end-to-end payroll process, including data input, calculations, and disbursements.
   
   
   • Ensure accuracy and timeliness in processing payroll for all employees, contractors, and other stakeholders.
   
   
   • Validate timekeeping records and resolve discrepancies or issues in a timely manner.
   
   
   • Process adjustments, bonuses, and deductions accurately.
   
   
   
   

3. Compliance Management:

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   • Stay up-to-date with federal, state, and local payroll tax laws and regulations.
   
   
   • Interpret and apply relevant laws and regulations to ensure compliance with payroll practices.
   
   
   • Prepare and submit payroll tax filings, including quarterly and annual reports.
   
   
   • Collaborate with HR and finance teams to address compliance concerns and implement necessary changes.
   
   
   • Conduct audits to ensure accuracy and compliance in payroll processes.
   
   
   
   

5. Record Keeping and Reporting:

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   • Maintain accurate payroll records and employee information in compliance with privacy laws.
   
   
   • Generate reports on payroll metrics, tax liabilities, and other relevant data as required.
   
   
   • Prepare documentation for internal and external audits.
   
   
   • Respond to inquiries from employees regarding payroll matters.
   
   
   
   

7. System Management:

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   • Utilize payroll software and systems to process payroll and generate reports.
   
   
   • Monitor system updates and enhancements, ensuring smooth operation and compliance.
   
   
   • Collaborate with IT or external vendors to troubleshoot system issues as needed.
   
   
   
   

9. Continuous Improvement:

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    • Identify opportunities to streamline payroll processes and enhance efficiency.
    
    
    • Implement best practices and recommend improvements to existing payroll systems and procedures.