Compensation Analyst

2 weeks ago

New York, New York, United States Beefbar NYC Full time

The Payroll Specialist will oversee the payroll operations for all divisions within Beefbar NYC, ensuring that employee compensation is processed timely, accurately, and in compliance with applicable regulations. This role involves continuous monitoring of effective and compliant payroll processes.

Key Responsibilities

Core duties include, but are not limited to:

  • Maintaining precise data entry and updates within the payroll system.
  • Executing payroll processing and generating required reports in alignment with established policies, seeking assistance when necessary.
  • Overseeing payroll processing and accounting systems to guarantee timely and accurate payroll transactions, including wages, benefits, paid time off, leaves, garnishments, taxes, and other deductions, addressing any issues as needed.
  • Ensuring compliance with tip pooling regulations through regular audits and flagging any discrepancies.
  • Preparing and maintaining detailed records and reports of payroll activities.
  • Issuing or reissuing physical checks or direct deposits as required.
  • Reviewing budgets and general ledgers for assigned departments, confirming fund availability and correct expenditure assignments.
  • Reconciling payroll with the general ledger and monthly bank statements.
  • Maintaining accountability to budgetary margins and identifying potential issues.
  • Recording and processing federal and state payroll tax deposits.
  • Assisting in the preparation of financial statements and documentation for auditors and similar entities.
  • Helping to correct financial records and prepare annual financial reports and budgets as necessary.
  • Acting as a subject matter expert, effectively communicating payroll data and supporting tools to diverse audiences.
  • Identifying and recommending enhancements to payroll accounting software, systems, and procedures to improve accuracy, efficiency, compliance, and cost-effectiveness.
  • Ensuring adherence to federal, state, and local payroll, wage, and hour laws and best practices.
  • Exhibiting ownership, integrity, and meticulous attention to detail in payroll execution.
  • Promptly escalating any concerns or uncertainties to the Controller.
  • Complying with company standards as outlined in the Employee Handbook.
  • Performing additional related duties and responsibilities as assigned by the Controller.

Qualifications

  • Proficient in written and spoken English.
  • Ability to convey complex information clearly and efficiently.
  • Must be accessible via email and capable of phone communication.
  • Must demonstrate professionalism in providing feedback to team members and thrive in a collaborative environment.
  • Exceptional organizational skills and attention to detail.
  • Strong analytical skills along with proficiency in Microsoft Word, PowerPoint, and Excel.
  • In-depth knowledge of payroll functions, including preparation, balancing, internal controls, and payroll taxes.
  • Familiarity with Paycom is preferred.
  • Experience with Restaurant365 is preferred.
  • A Bachelor's degree in Accounting, Finance, or a related field is preferred.
  • A minimum of three years of payroll experience is required; experience in the hospitality sector is preferred.
  • Ability to sit for extended periods while working on a computer.
  • Must be able to lift up to 15 pounds occasionally.


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