A Payroll professional is responsible for processing payroll, remitting payroll taxes and government reporting as well as preparing monthly, quarterly and year-end payroll statements. A Payroll Supervisor/Manager will ensure compliance with government regulations, establishing and implementing policies on matters such as payroll advancements to employees and the hiring, training and supervision of payroll staff.
What is a Payroll job description?
A Payroll job description should include the following duties and responsibilities:
- Ensuring all payroll transactions are processed efficiently
- Collecting, calculating, and entering data in order to maintain and update payroll information
- Compiling summaries of earnings, taxes, deductions, leave, disability, and non-taxable wages and reporting on this
- Determining payroll liabilities by calculating employee federal and state income, social security taxes, employer's social security, unemployment, and workers compensation payments
- Resolving payroll discrepancies
- Maintaining payroll operations by following policies and procedures
- Developing ad hoc financial and operational reporting as needed
Payroll job qualifications and requirements
Although no degree is necessary to enter a career in payroll, a degree in finance or economics would be beneficial.
Aside from this, it is imperative that a Payroll job description highlight the need for great attention to detail, a solid grasp of mathematics, alongside excellent organisational and communication skills.
Payroll is exposed to confidential information – thus a high degree of professionalism and discretion should be included in the job description.