A Payroll Analyst is a professional who monitors and controls the payroll procedures of a company, guaranteeing that workers are paid on time and accurately while complying with tax and payroll laws. They are essential to preserving payroll compliance and accuracy.

Job Description

We are seeking a Payroll Analyst to supervise our employee compensation program and guarantee that all payments are made accurately and on schedule. The duties of a Payroll Analyst include making sure payments are paid on schedule, examining payroll data and documentation for inconsistencies and errors, and verifying that all amounts are correct based on hours worked. You should be able to identify numerical errors and possess strong analytical abilities in order to succeed in this position. In the end, you’ll assist us in keeping a payroll procedure that is both effective and compliant with state and federal laws.

Responsibilities of a Payroll Analyst

  • Directing the payroll process.
  • Putting together projections and reports for upper management.
  • Making sure that all pay and tax laws are followed.

Principal Responsibilities

  • Examine timesheets and attendance logs, making any necessary corrections.
  • Compile and submit the required documentation for garnishments, benefits, and tax deductions.
  • Examine information about pay such as salaries and bonuses.
  • Manage payroll transactions (via online banking, for example).
  • Audit payroll records and procedures on a regular basis.
  • Process benefit expenses like insurance premiums and paid time off.
  • Create, record, and put into action protocols to expedite payroll processing.
  • Handle the fiscal year’s payment schedules.
  • Inform management of any changes or problems with payroll.
  • Respond to inquiries from workers regarding pay and taxes.
  • Keep abreast of state and federal tax and payroll regulations.

Qualifications and Abilities

  • Solid background in payroll analysis, payroll coordination, or a related field.
  • Extensive familiarity with federal, state, and payroll tax laws.
  • Practical knowledge of payroll systems such as Kronos and Oracle.
  • Familiarity with spreadsheets and Excel.
  • Outstanding analytical abilities.
  • The capacity to complete tasks by the deadline.
  • BSc in Accounting, Human Resources Management, or a similar discipline.

Commonly Asked Questions

What does a Payroll Analyst do?

Payroll Analysts oversee payroll procedures, make sure that employees are paid on time and accurately, and make sure that payroll laws are followed.

How can I amend my personal data so that it can be used for payroll?

Generally, you can use the payroll or HR system of your business to update personal information such as contact information and tax withholdings.

What are the usual deductions from my pay and how are they determined?

Taxes, benefit contributions, and other withholdings that are computed in accordance with your income and applicable rates are examples of deductions.

How do I go about getting a copy of my payroll records?

For personal record-keeping or verification needs, you may, in fact, request payroll records from your HR or payroll department.

What actions do Payroll Analysts take to guarantee the accuracy of payroll and address payroll-related concerns?

They manage accurate payroll procedures by regularly conducting audits, confirming data, and addressing inconsistencies or issues.