Payroll Accountant

Payreto

Early Applicant

4 months ago
Be among the first 50 applicants

Exp: 3-5 Years

Full time

Philippines

Job Description

Position Overview

The Payroll Accountant in the Finance as a Service team collaborates with the Client's Payroll, Finance, and Treasury departments to prepare employee salary statements, process payments, and maintain compliance with accounting practices and regulations. They report to the Head of Finance and Administrative Services, acting as the Account Manager (AM) to ensure smooth Payroll Operations and timely financial reporting.

WHAT WILL YOU DO

Prepares error free employee payroll
Prepares monthly Payroll schedules and statements
Verifies, posts, and reconciles accounts payable and receivable
Calculate net salaries considering deductions and withholdings
Update general ledger and payroll files
Prepare accounting files, records, and schedules
Monitor paid and unpaid leaves
Process overtime earnings or holiday deductions
Resolve payroll problems (e.g. overlooked bank holidays, late payments, etc.)
Answer and collaborate payroll vendors or employees questions concerning payroll
Participate in payroll audits
Ensure compliance with governmental laws on payroll accounting and taxes
Ensure payroll and tax documents are accurate
Processes and attests to the completeness of payroll documents and schedules such as supplier invoice, receiving report, purchase order and request for payment form
Prepares monthly journal entries for the set-up of salaries, re-charges, and taxes
Maintains general ledgers by verifying and posting accounts transactions
Assists management in making decisions through timely submission of error free monthly payroll report
Spots errors and suggests ways to improve efficiency and spending
Develops and implements accounting procedures by analyzing current procedures and recommends changes
Manage accounting records and prepare analysis
Contacts customers to resolve payment issues
Takes responsibility for coaching and supervising the work of subordinate
Other accounting duties that may be assigned from time to time
Perform other official work as instructed by the immediate supervisor/manager
Recommend and proactively implement opportunities for increased departmental efficiency
Extend work hours when needed

WHAT SHOULD YOU HAVE

Bachelor's Degree in Accountancy or equivalent field
Excellent understanding of accounting regulations, particularly Generally Accepted Accounting Principles (GAAP)
Strong English proficiency, both written and verbal
3-5 years of relevant experience in a similar role, preferably in a BPO or shared-service environment within the Financial or Banking Industry
Proficiency in advanced MS Excel functions, including Vlookups and pivot tables
Exceptional attention to detail and solid analytical skills

NICE TO HAVE:

Strong background in Financial Accounting and Taxation
Working knowledge of Cost Accounting
Familiarity and experience with various accounting tools and software such as SAP Business One, Great Plains, Dynamics Navision, Quickbooks (Enterprise/Cloud/desktop), Netsuite, Oracle
Experience working in US shift hours and willingness to work night shifts
Effective task prioritization based on criticality
Self-motivated and capable of working with minimal supervision
Strong multitasking skills and ability to thrive under pressure
Adaptability and flexibility in dealing with changes

Shift Schedule