Payroll Specialist

3 days ago


Detroit, Michigan, United States LanceSoft Full time
Job Summary

We are seeking a highly skilled Payroll Analyst to join our team at LanceSoft. The successful candidate will be responsible for performing a variety of accounting and financial related functions in the Corporate Payroll area.

Key Responsibilities
  • Reconcile and process payroll transactions, including bi-weekly and weekly pay runs, to ensure accuracy and compliance with company policies and procedures.
  • Act as liaison between Accounts Payable, Tax, and Audit departments to resolve discrepancies and ensure timely payment of taxes and other financial obligations.
  • Run ad-hoc reports to identify and correct general ledger issues and provide management with financial insights and recommendations.
  • Verify deduction files and ensure accuracy prior to sending to outside vendors for distribution.
  • Reconcile outstanding checks and handle escheat processing with Accounting and Audit.
  • Determine payroll liabilities and balances, and remit all taxes to Federal, State, and local tax authorities.
  • Prepare required reports, including unemployment, and initiate all tax payments and W2s.
  • Review contracts and agreements of loan recipients and set up loan forgiveness in PeopleSoft.
  • Communicate with employees regarding questions and agreement terms of contracts.
  • Contact Corporate Legal if required for loans in default and complete necessary steps for those in default.
Requirements
  • Strong knowledge of accounting and financial principles and practices.
  • Excellent analytical and problem-solving skills.
  • Ability to work independently and as part of a team.
  • Strong communication and interpersonal skills.
  • Proficiency in Microsoft Office and payroll software.

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