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Compensation Processing Specialist

2 months ago

Boca Raton, Florida, United States Better Car People Full time
Job Overview

Position Title: Payroll Administrator

Position Summary: We are looking for a meticulous and highly organized Payroll Administrator to become a part of our finance department. The Payroll Administrator will oversee all facets of payroll management, ensuring precise and timely calculation, documentation, and verification of employee earnings. The ideal candidate should have a solid grasp of payroll practices and regulations, experience with payroll software, and a commitment to maintaining confidentiality and data integrity.

Key Responsibilities:

1. Payroll Management:

  • Guarantee the timely and accurate execution of payroll for assigned employees.
  • Precisely compute wages, overtime, bonuses, commissions, and deductions.
  • Maintain accurate records of employee payroll information, including new hires, terminations, leaves, and pay adjustments.
  • Examine and validate timesheets, attendance logs, and related documents for correctness.
  • Prepare and distribute paychecks, direct deposits, and payroll statements to employees.
  • Address any payroll discrepancies or issues promptly and efficiently.

2. Compliance and Reporting:

  • Stay informed about federal, state, and local payroll tax laws to ensure compliance.
  • Prepare and file necessary payroll tax reports and payments as required.
  • Respond to payroll-related inquiries or audits from regulatory bodies.
  • Work with HR to maintain accurate employee records, including tax forms and benefit deductions.
  • Generate payroll reports for management analysis and review.

3. Payroll Systems and Technology:

  • Effectively utilize payroll software systems for all payroll functions.
  • Keep abreast of industry advancements and best practices in payroll technology.
  • Participate in system upgrades and enhancements as needed.
  • Quickly troubleshoot and resolve any payroll system issues.

4. Collaboration:

  • Work closely with HR, Finance, and other departments to improve payroll processes and resolve issues.
  • Provide excellent service to employees regarding payroll inquiries, maintaining professionalism and confidentiality.
  • Support year-end payroll processes, including tax document generation and reporting.

Qualifications:

  • Bachelor's degree in Accounting, Finance, or a related field is preferred.
  • Minimum of 2 years of experience in payroll or a similar role.
  • In-depth knowledge of payroll operations, regulations, and compliance.
  • Proficient in payroll software systems; experience with platforms like Paychex, ADP, or Workday is advantageous.
  • Exceptional attention to detail and strong analytical skills.
  • Excellent organizational and time management abilities to meet deadlines.
  • Strong verbal and written communication skills to convey complex payroll information clearly.
  • High level of confidentiality and discretion in handling sensitive employee data.
  • Familiarity with payroll tax filings and reporting requirements.
  • Able to work independently and collaboratively, demonstrating effective problem-solving skills.

Become an integral part of Better Car People and contribute significantly as a Payroll Administrator. We provide competitive compensation, comprehensive benefits, and opportunities for professional development.