PAYROLL SPECIALIST

$62,400 - $72,800/Yr

Unclassified - New York, NY

Full-time - Entry Level

New York, NY

About the position

The Payroll Specialist is a vital role within the Finance team of a mid-sized financial services firm located in Manhattan. This position is responsible for the accurate and timely processing of payroll for both salaried and hourly employees. The Payroll Specialist will ensure compliance with payroll regulations, maintain payroll records, and assist with payroll-related inquiries, contributing to the overall efficiency and accuracy of the payroll process.

Responsibilities

• Process and manage bi-weekly or monthly payroll for employees, ensuring accurate deductions, overtime, benefits, and tax withholdings.
• Maintain and update employee payroll records, including new hires, terminations, and pay adjustments.
• Ensure compliance with federal, state, and local payroll regulations, including tax filing requirements.
• Collaborate with HR and other departments to resolve payroll-related issues and discrepancies.
• Review timesheets and attendance records for accuracy and proper authorization.
• Prepare and distribute payroll reports, including earnings statements and tax filings.
• Assist with year-end payroll processing, including issuing W-2s and other tax documents.
• Respond to payroll-related employee inquiries regarding pay, deductions, and benefits.
• Support audits by providing necessary payroll data and documentation.

Requirements

• 3+ years of experience in payroll administration or a similar role.
• Proficiency in payroll software and Microsoft Excel (experience with Workday, Justworks, etc. is a plus).
• Strong understanding of payroll regulations, including tax laws and compliance.
• High attention to detail and accuracy.
• Excellent organizational, communication, and problem-solving skills.
• Ability to handle sensitive information with confidentiality.

Nice-to-haves

• Bachelor's degree in Accounting, Finance, Human Resources, or a related field is preferred.

Benefits

• Atrium Care Package available, upon eligibility (including healthcare plans, discount programs, and paid time off).