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Compensation Processing Specialist

2 months ago

Pittsburgh, Pennsylvania, United States Matthews International Corporation Full time

POSITION SUMMARY

The Payroll Operations Coordinator is tasked with the meticulous management of the organization's payroll processes, ensuring precise record-keeping to facilitate accurate and timely remuneration of employee salaries. This pivotal position demands a keen eye for detail, robust analytical capabilities, and the capacity to collaborate effectively with staff, management, and internal partners. The Payroll Operations Coordinator must exhibit exceptional time management, precision, and professionalism to guarantee a seamless payroll function and a positive experience for all employees and stakeholders.

JOB RESPONSIBILITIES


• Conducts thorough audits of payroll data for correctness.

• Reconciles payroll transactions, including tax withholdings, wage garnishments, and voluntary deductions.

• Prepares responses to inquiries from regulatory bodies concerning employee tax submissions.

• Ensures compliance with both external regulations and internal policies regarding payroll-related transactions.

• Computes and processes Federal and State tax withholdings, social security contributions, union dues, and other deductions, including benefits and retirement contributions.

• Reviews time-worked submissions for errors in calculation or coding.

• Monitors reports to identify potential issues or discrepancies.

• Rectifies errors and maintains comprehensive payroll records.

• Reviews and processes payroll adjustments for vacation, sick leave, and other time off.

• Generates necessary accrual entries.

• Addresses payroll inquiries and resolves discrepancies as needed.

• Keeps abreast of regulations and laws governing payroll administration practices.

• Performs additional duties as assigned.

QUALIFICATIONS / REQUIREMENTS


• Bachelor's Degree in Finance, Accounting, Business Administration, or a related field.

• A minimum of 4 years of payroll experience or an equivalent combination of education and experience.

• Occasional travel may be required.

• High proficiency in MS Office Suite, Outlook, and Internet applications.

• Strong analytical, prioritization, interpersonal, problem-solving, presentation, budgeting, project management, and planning skills.

• Excellent verbal and written communication skills, including analysis, interpretation, and reasoning.

• Solid understanding and application of mathematical principles.

• Ability to cultivate and maintain collaborative relationships with colleagues and clients.

• Capacity to work independently and as part of a team in a fast-paced, deadline-driven environment.

• Ability to influence peers and management effectively.

• Self-motivated with a strong focus on detail, deadlines, and reporting.

• Willingness to work overtime as necessary.

PHYSICAL ASPECTS / WORK ENVIRONMENT


• Regularly required to stand, walk, sit, and communicate effectively.

• Occasionally required to lift and/or move up to 10 pounds.

• The work environment may have a high noise level.

Reasonable accommodations may be made to enable individuals to perform essential functions.