Workday - Mentor, OH
posted about 1 month ago
The Payroll Specialist is a crucial role within the organization, responsible for managing and processing the company's payroll with a high degree of accuracy and efficiency. This position ensures that all employees receive their pay correctly and on time, while also adhering to all relevant regulations and compliance requirements. The Payroll Specialist will handle various payroll-related tasks, including reporting, tax filing, and deductions, all while maintaining the confidentiality of employee records. In this role, the Payroll Specialist will process payroll on a bi-weekly, semi-monthly, or monthly basis, ensuring that all hours worked, wages, overtime, bonuses, and deductions are accurately calculated. The specialist will also verify and audit timekeeping systems to ensure that work hours are tracked correctly. It is essential for the Payroll Specialist to review payroll submissions for accuracy and make necessary adjustments as needed. Compliance is a significant aspect of this position, as the Payroll Specialist must ensure that payroll practices comply with federal, state, and local laws, including tax regulations and wage laws. The role involves preparing and submitting payroll tax filings, including quarterly and annual tax returns, and staying updated with any changes in payroll regulations to implement necessary updates. Additionally, the Payroll Specialist will administer employee benefits deductions, manage garnishments and levies, and perform regular audits of payroll data to ensure accuracy. This includes reconciling payroll-related accounts and assisting in year-end payroll audits, including the distribution of W-2 and 1099 forms. The specialist will also provide support to employees regarding payroll inquiries, ensuring that any questions or concerns are addressed promptly. The position requires maintaining and updating the payroll system with employee data, collaborating with HR and accounting departments to ensure smooth data integration between systems. This role offers opportunities for professional growth within the payroll and accounting functions, making it an exciting opportunity for candidates looking to advance their careers in this field.