What does a Payroll Manager do?
A Payroll Manager oversees an organization’s payroll processes, ensuring that employees receive timely and accurate payments. They manage a team of payroll clerks who handle wages, tax deductions, and benefit packages.
As Payroll Managers, they manage payroll records, review calculable taxes and other deductions, create a comprehensive summary of payroll details, manage payroll discrepancies, and release payroll checks through the organization’s payment method. They carry out strict procedures regarding legal requirements and tax obligations. They also liaise with other departments, such as human resources and finance, to ensure that payroll data remains accurate and integrated with other business processes.
Payroll Manager Responsibilities
- Supervise the payroll team and assign duties.
- Direct the collection, computing, and documentation of payroll data.
- Oversee and review payroll payments and account reconciliations.
- Ensure records and processes comply with company and legal regulations.
- Coordinate with HR and accounting to verify employee data and accounts.
- Maintain accurate account balances and detailed records for auditing.
- Monitor payroll team performance and training new staff.
- Manage and resolve any issues related to payroll.
- Prepare reports and financial statements.
Payroll Manager Qualifications
- Degree in business administration, accounting, or finance required.
- Previous experience in payroll processing, accounting, or human resources.
- Managerial or supervisory experience.
- Proficiency in Microsoft Office and payroll software.
- Strong knowledge of payroll processes and relevant legal regulations.
- Excellent communication skills, both verbal and written.
- Strong math and analytical skills.
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