What Does a Payroll Manager Do?

A Payroll Manager directs the organization’s payroll operations, guaranteeing that employees are paid correctly and on schedule. They supervise a team of payroll administrators responsible for processing wages, tax withholdings, and benefits.

In their role, Payroll Managers oversee payroll documentation, verify tax calculations and other deductions, compile detailed payroll summaries, address payroll discrepancies, and disburse payments through the company’s chosen method. They adhere to stringent legal and tax compliance procedures. Additionally, they coordinate with departments like human resources and finance to ensure payroll information is precise and seamlessly integrated with other business functions.

Payroll Manager Responsibilities

  • Lead the payroll team and delegate tasks.
  • Oversee the gathering, calculation, and recording of payroll information.
  • Supervise and audit payroll disbursements and account reconciliations.
  • Ensure that records and procedures adhere to company policies and legal standards.
  • Collaborate with HR and accounting to validate employee information and financial accounts.
  • Keep precise account balances and detailed records for auditing purposes.
  • Assess payroll team performance and train new employees.
  • Handle and resolve any payroll-related issues.
  • Generate reports and financial statements.

Payroll Manager Qualifications

  • A degree in business administration, accounting, or finance is necessary.
  • Skilled in Microsoft Office and payroll management systems.
  • In-depth understanding of payroll procedures and applicable legal standards.
  • Prior experience in payroll management, accounting, or human resources.
  • Experience in a managerial or supervisory role.
  • High proficiency in mathematics and analytical thinking.
  • Outstanding communication abilities, both oral and written.

 

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