What is a Payroll Executive doing? Job description and responsibilities

What does a Payroll Executive do?

The Payroll Executive is responsible for the accurate and timely processing and administration of payroll and associated activities, including but not limited to payroll calculations, payroll taxes, benefits, and related compliance measures. The successful candidate must be knowledgeable in the payroll field, have a strong attention to detail, and possess excellent organizational and communication skills. The ideal candidate will be a self-starter who has strong problem-solving abilities, is a team player, and is able to work independently.

Responsibilities of Payroll Executive

1. Process payrolls for multiple companies in accordance with state and federal regulations.
2. Prepare payroll reports and journal entries, and reconcile payroll accounts.
3. Prepare and submit tax payments and reports to federal, state, and local agencies.
4. Process wage garnishments and other deductions.
5. Maintain accurate employee records and ensure compliance with applicable laws and regulations.
6. Respond to employee inquiries regarding payroll deductions and related matters.
7. Maintain payroll system updates and ensure accuracy of data input.
8. Prepare and process termination payments and related paperwork.
9. Assist with the administration of benefits, including health, dental, vision, and 401(k).
10. Assist with the development of payroll policies and procedures.