Payroll Specialist

Qualifications:

• Education:

• Bachelor's degree in accounting, Finance, or related field.

• Experience:

• 1+ years of experience in payroll processing, accounting, or finance.
• Experience with payroll software and systems would be an added advantage.

• Skills:

• Strong knowledge of payroll and tax regulations.
• Proficiency in Microsoft Excel.
• Attention to detail and accuracy.
• Strong organizational and time-management skills.
• Ability to handle confidential information with discretion.

Key Responsibilities:

• Payroll Processing:

• Ensure timely and accurate processing of payroll for all employees.
• Calculate and review salaries, bonuses, leaves, and deductions.
• Process payroll adjustments, including terminations, promotions, and salary increases.

• Tax Compliance:

• Ensure proper tax deduction for all employees and compliance with tax laws.
• Prepare and file payroll tax returns, including monthly, quarterly, and annual filings.
• Stay current on changes in tax laws, ensuring compliance.

• Benefits Administration:

• Administer employee benefit deductions and ensure accurate reflection in payroll records.
• Coordinate with HR to manage changes in employee benefits.

• Reconciliation and Reporting:

• Reconcile payroll-related accounts (e.g., tax liabilities, benefits, accruals).
• Prepare payroll reports for management, including summaries, tax filings, and pension contributions.
• Prepare Monthly Statutory Deductions and Payments Schedules.
• Assist in audits related to payroll.

• Employee Queries and Support:

• Address and resolve payroll-related inquiries from employees in a timely manner.
• Maintain accurate records of payroll transactions and employee payroll history.

• System Maintenance:

• Ensure accurate data entry and maintenance of payroll records in the payroll system.
• Participate in testing and implementing upgrades or changes to payroll software.

• Month-End and Year-End Closing:

• Assist in month-end and year-end financial closing processes as related to payroll.
• Ensure all payroll data is accurately captured in financial systems.