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Compensation and Benefits Analyst

2 months ago

Brooklyn, New York, United States Lee Spring Company Full time
Job Overview

Position Summary:
We are looking for a meticulous and skilled Payroll Specialist to manage payroll functions effectively. The Payroll Specialist will ensure payroll is processed accurately and on schedule, while adhering to all relevant laws and regulations. This position demands exceptional analytical abilities, keen attention to detail, and the capacity to thrive in a dynamic work environment.

Key Responsibilities:
- Accurately calculate and process payroll for all personnel, including regular and overtime hours, bonuses, commissions, and other earnings, ensuring adjustments are made based on timesheets and pertinent data.
- Support internal and external audits by supplying necessary payroll information and ensuring adherence to audit standards.

- Manage employee deductions and withholdings for taxes, insurance, retirement plans, and additional benefits.
- Maintain precise and organized payroll documentation, including employee wage and hour records, tax forms, and other payroll-related information.
- Review and confirm the accuracy of payroll data, encompassing hours worked, overtime, bonuses, and commissions.
- Ensure compliance with federal, state, and local payroll tax regulations.
- Address employee inquiries regarding payroll issues.
- Collaborate with the HR department to maintain accurate employee records.
- Assist with year-end payroll tasks, including W-2 preparation.

Additional Responsibilities:
- Perform other duties as assigned.

Required Skills:
- Comprehensive knowledge of accounting principles, including debits, credits, and journal entries.
- Proficiency in technical accounting concepts related to payroll processing.
- Experience with Paycom payroll software is preferred.
- Familiarity with accounts payable processes.
- Understanding of financial concepts related to payroll and benefits administration.
- Knowledge of corporate accounting practices and procedures.

Qualifications:
- Demonstrated experience as a Payroll Specialist or in a comparable role.
- Strong understanding of payroll practices, laws, and regulations.
- Ability to work independently while managing confidential information with care.
- Excellent attention to detail and accuracy.
- Strong organizational skills with the ability to prioritize tasks effectively.
- Proficient in Microsoft Office Suite (Excel, Word).
- Effective communication skills, both written and verbal.

This position offers a competitive salary and a comprehensive benefits package, including medical insurance, retirement plans, paid time off, and opportunities for professional development.