Payroll Accountant
Payroll Accountant
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Job Description
Position Title: Payroll Accountant
Department: Finance/Accounting
Reports To: Finance Manager/Accounting Manager
Location: Lagos Nigeria
Job Overview:
The Payroll Accountant is responsible for overseeing the processing of payroll ensuring accuracy and compliance with relevant laws and regulations. This position handles payroll data tax filings employee compensation and related accounting functions. The Payroll Accountant works closely with HR management and finance departments to ensure timely and accurate payroll processing for all employees.
Key Responsibilities:
1. Payroll Processing:
- Process monthly payroll for all employees ensuring accurate calculation of wages bonuses deductions and overtime.
- Review and verify employee timesheets attendance records and other payroll related data.
- Coordinate with HR and management to process new hires terminations salary adjustments and leave.
2. Tax Compliance:
- Ensure payroll taxes (federal state and local) are calculated and deducted accurately.
- Prepare and submit timely tax filings including monthly quarterly and annually.
- Stay updated on tax regulations and ensure the company is compliant with all payrollrelated tax laws.
3. Deductions and Benefits:
- Administer payroll deductions for benefits and other employee deductions.
- Ensure proper application of benefits and deductions in compliance with company policies and government regulations.
4. Reconciliations:
- Perform payroll account reconciliations to ensure the accurate transfer of payroll data to the general ledger.
- Reconcile payrollrelated accounts (e.g. payroll liabilities tax withholdings benefit accounts) on a monthly basis.
5. Reporting and Audits:
- Generate payroll reports and provide data to management HR and finance teams as required.
- Assist in the preparation of audits related to payroll and compensation processes.
- Respond to payrollrelated inquiries from employees and management.
6. Employee Support:
- Address employee inquiries related to payroll deductions benefits and other compensation issues.
- Provide support during annual open enrollment for benefits and ensure employees understand their compensation and benefits packages.
7. System Maintenance and Improvements:
- Maintain payroll system software and ensure it is updated to meet compliance requirements.
- Recommend and implement improvements to streamline payroll processes and enhance efficiency.
Qualifications:
- Bachelors degree in Accounting Finance Business Administration or related field preferred.
- 3 years of experience in payroll processing or accounting roles preferably with knowledge of payroll laws and regulations.
- Familiarity with payroll software.
- SAP knowledge is a plus.
- Experience with tax reporting and filings (federal state and local) is highly desirable
Skills:
- Strong attention to detail and organizational skills.
- Excellent communication and interpersonal skills.
- Proficient in Microsoft Excel and other financial software.
- Ability to maintain confidentiality and handle sensitive information.
- Knowledge of applicable payroll laws and regulations.
Work Environment:
- Location: Inoffice (Lagos Nigeria)
- Work Hours: Fulltime
Employment Type
Full Time
