Payroll Coordinator

Payroll Coordinator

Educational Requirements:

• Degree in accounting, finance, or a related field
• Experience in payroll administration
• Good working knowledge of accounting practices and tax laws
• Proficiency in Microsoft Office, payroll systems, and database software
• Excellent communication skills, both verbal and written
• Organizational and time management skills
• Ability to maintain strict confidentiality
• Strong attention to detail

Responsibilities:

• Collecting and verifying employee and timekeeping data
• Computing wages, deductions, commissions, benefits, etc.
• Reviewing computed salaries to ensure accuracy
• Issuing and distributing payslips
• Updating payroll information for promotions, transfers, terminations, and new hires
• Recording and maintaining employee records and payroll transactions
• Preparing statements reflecting earnings, taxes, and deductions
• Answering questions and resolving issues regarding payroll
• Ensuring compliance with company policies, relevant industry regulations, tax, and deduction laws
• Preparing payroll reports for management and auditing purposes