What are the responsibilities and job description for the Payroll Specialist position at firstPRO 360?
Job Description: Payroll Specialist
Responsibilities:
- Process bi-weekly payroll, including calculating wages, taxes, deductions, and benefits.
- Ensure timely and accurate distribution of paychecks or direct deposits.
- Reconcile payroll reports and general ledger accounts.
- Maintain accurate employee records, including changes in personal information, tax status, and deductions.
- Update employee information in the payroll system.
- Verify and process time and attendance records.
- Ensure compliance with federal, state, and local tax laws and regulations.
- Prepare and submit payroll tax returns and reports.
- Manage tax withholding and deposit requirements.
- Process and administer employee benefits, including health insurance, retirement plans, and other voluntary benefits.
- Coordinate with benefits providers to ensure accurate enrollment and deductions.
- Generate various payroll reports, including salary summaries, overtime reports, and tax reports.
- Analyze payroll data to identify trends and potential issues.
- Assist with internal and external audits related to payroll.
- Ensure compliance with company policies and procedures.
