Job Title: Payroll Specialist

Overview: As a Payroll Specialist at BioLab Holdings, Inc., you will play a crucial role in ensuring accurate and timely payroll processing for all employees. This position requires strong attention to detail, excellent organizational skills, and a solid understanding of payroll processes. Additionally, the Payroll Specialist may assist with various financial tasks and support other accounting functions within the organization.

Responsibilities:

Payroll Processing:

• Process bi-weekly, semi-monthly, and/or monthly payroll accurately and on time.
• Verify timesheets, attendance records, and other relevant data for completeness and accuracy.
• Calculate wages, deductions, and withholdings, including taxes and other statutory deductions.
• Ensure compliance with federal, state, and local payroll regulations and tax laws.
• Address any payroll discrepancies and resolve employee payroll-related inquiries promptly.

Benefits Administration:

• Administer employee benefits programs, including health insurance, retirement plans, and other voluntary benefits.
• Assist employees with benefit enrollment, changes, and inquiries.
• Coordinate with HR and benefits providers to ensure accurate and timely processing of benefits-related transactions.

Financial Reporting:

• Prepare payroll-related financial reports, including payroll summaries, tax filings, and other relevant documents.
• Assist in analyzing payroll data and trends to support financial planning and decision-making.
• Collaborate with the accounting team to reconcile payroll-related accounts and resolve discrepancies.

Compliance and Auditing:

• Maintain up-to-date knowledge of payroll laws, regulations, and compliance requirements.
• Ensure payroll processes adhere to internal policies and external regulatory standards.
• Assist with internal and external payroll audits as needed.

Process Improvement:

• Identify opportunities to streamline payroll processes and improve efficiency.
• Implement best practices and automation tools to enhance payroll operations.
• Work collaboratively with cross-functional teams to drive continuous improvement initiatives.

Qualifications:

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field preferred.
• Minimum of 5 years of experience in payroll processing and administration.
• Proficiency in payroll software/systems UKG Ready and MS Excel.
• Strong understanding of payroll regulations, tax laws, and compliance requirements.
• Excellent analytical skills and attention to detail.
• Ability to handle confidential information with discretion and integrity.
• Effective communication and interpersonal skills.
• Prior experience in general accounting or finance functions is a plus.