Payroll Administrator

We areseeking a Payroll Accounting Administrator for an opportunity with our client in the banking industry in Columbia, SC.

Job description:

• Under minimal supervision accurately audit and review payroll and tax data to identify variance, ensuring all entries align with internal policies and industry regulations.
• Reconcile payroll-related general ledger accounts, identify reconciling items, and take appropriate corrective actions.
• Monitor and record financial transactions in adherence to company policies and accounting regulations.
• Organize and maintain accounting documents, ensuring they are readily available for audits and reviews.
• Perform complex financial transactions with a thorough understanding of payroll regulations and general accounting principles.
• Prepare accurate accounting reports ensuring timely and accurate reporting of financial data.
• Perform internal audits to ensure adherence to industry standards and company policies, maintaining the integrity of financial reporting and audit compliance.
• Collaborate with the financial reporting and audit teams to evaluate and improve financial policies, procedures, and implement audit policies, ensuring integrity and compliance.
• Reconcile semi-monthly payroll wage and tax data, identify discrepancies, make corrective entries, and submit tax payments to third-party vendor.

Responsibilities:

• Audit wage and tax data, and submission of federal payroll tax deposits and other statutory tax payments
• Reconcile payroll general ledger accounts and making note of debits and credits that have not posted and identifying and correcting any errors
• Prepare adjusting journal entries for reconciling entries
• Monitor and record financial transactions according to company policies and regulations
• Organize accounting records and handle complex transactions with a complete understanding of payroll and general accounting
• Partner with HR, Accounting, Operations, and other cross-functional teams to ensure payroll entries are accurately costed
• Control, analyze, audit and prepare appropriate accounting reconciliation and reports ensuring timely and accurate reporting of all financial data
• Conduct HR audit for key and non-key controls to include annual review, updates to ensure working practices are in alliance with ICFR, Internal and FCA controls
• Perform pay fraud control for the bank with the salary control key control
• Reconcile semi-monthly payroll wage and tax data, identifying variances, making corrective entries and submitting tax payments to third party vendor (ADP)
• Perform ADP SmartCompliance third-party portal actions and activities
• Maintain relationship with external third-party tax vendor and ensure the smooth operation of all payrolls regulatory reporting (currently ADP)
• Identify tax related discrepancies, to include analyzing and resolving issues and responding to tax notices with appropriate actions
• Reconcile annual payroll wage and tax data and manage IRS W-2 process and reporting

Required knowledge, skills, and abilities:

• Audit wage and tax data, and submission of federal payroll tax deposits and other statutory tax payments
• Reconcile payroll general ledger accounts and making note of debits and credits that have not posted and identifying and correcting any errors
• Prepare adjusting journal entries for reconciling entries
• Monitor and record financial transactions according to company policies and regulations
• Organize accounting records and handle complex transactions with a complete understanding of payroll and general accounting
• Partner with HR, Accounting, Operations, and other cross-functional teams to ensure payroll entries are accurately costed
• Control, analyze, audit and prepare appropriate accounting reconciliation and reports ensuring timely and accurate reporting of all financial data
• Conduct HR audit for key and non-key controls to include annual review, updates to ensure working practices are in alliance with ICFR, Internal and FCA controls
• Perform pay fraud control for the bank with the salary control key control
• Reconcile semi-monthly payroll wage and tax data, identifying variances, making corrective entries and submitting tax payments to third party vendor (ADP)
• Perform ADP SmartCompliance third-party portal actions and activities
• Maintain relationship with external third-party tax vendor and ensure the smooth operation of all payrolls regulatory reporting (currently ADP)
• Identify tax related discrepancies, to include analyzing and resolving issues and responding to tax notices with appropriate actions
• Reconcile annual payroll wage and tax data and manage IRS W-2 process and reporting

Job Type: Contract

Pay: $45.00 - $50.00 per hour

Expected hours: 40 per week

Schedule:

• 8 hour shift

Ability to Commute:

• Columbia, SC 29201 (Required)

Work Location: In person

Salary : $45 - $50