Senior Payroll Specialist Jobs
A Senior Payroll Specialist is a vital position within an organization, tasked with the precise and timely execution of payroll operations. This role encompasses a variety of responsibilities, including calculating and processing employee wages while ensuring compliance with federal, state, and local regulations.
Strong analytical, organizational, and communication skills are essential for managing complex payroll data, resolving issues, and training other payroll staff. A deep understanding of payroll principles, accounting practices, and HRIS systems is required. The Senior Payroll Specialist must analyze and reconcile payroll-related data, prepare reports, and maintain high client satisfaction levels. Overall, Senior Payroll Specialist Jobs are crucial for the seamless operation of payroll processes and adherence to legal and organizational standards.
National Yearly Income Range:
$55,000 - $90,000
Why Being a Senior Payroll Specialist is Great.
A Senior Payroll Specialist plays a crucial role in any organization by ensuring that employees are compensated accurately and on time, which directly impacts employee satisfaction and retention. This position requires a strong understanding of payroll regulations, tax laws, and compliance issues, making it both challenging and rewarding. Additionally, Senior Payroll Specialists often have the opportunity to work with various departments, enhancing their skills in communication and collaboration. The demand for skilled professionals in this field continues to grow, providing job security and opportunities for advancement. For those looking to specialize in payroll, Senior Payroll Specialist Jobs offer a fulfilling career path with the potential for professional growth and development.
Senior Payroll Specialist Job Duties And Responsibilities
A Senior Payroll Specialist is responsible for accurately calculating and processing employee wages, including base pay and overtime, while ensuring the integrity of payroll reports through thorough analysis and verification. They authorize payroll transactions, manage payroll schedules, and provide essential support to the human resources department, including tasks related to 401k processing and audits. Additionally, the specialist conducts training for payroll staff, resolves payroll-related queries, and identifies areas for improvement in existing ERP processes to enhance efficiency. By maintaining accurate payroll records and collaborating with various departments, they ensure timely and accurate payroll delivery while addressing any discrepancies that may arise.
Why be a Senior Payroll Specialist with IES Residential?
Becoming a Senior Payroll Specialist with IES Residential offers the opportunity to join a company with over 50 years of experience and a strong commitment to employee development and community engagement. At IESR, you will be part of a family-oriented culture that values safety, humility, and continuous learning, allowing you to grow in your career while contributing to a diverse and inclusive workplace. Additionally, you will play a crucial role in supporting the financial health of a company that prioritizes its employees and invests in their futures, all while making a positive impact on the communities it serves.
Your future is bright with IES Residential.
Company Benefits
Competitive Wages
401(k) Plan with Contribution Matching
Paid Time Off (PTO)
Company Paid Life Insurance
Medical, Dental, & Vision Coverage
Short Term Disability Plans
Optional Long-Term Disability
Optional Critical Illness, Accident, Legal, & Pet Coverage.
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FAQs
What's a Senior Payroll Specialist's job description?
A Senior Payroll Specialist is responsible for managing payroll operations, ensuring accurate and timely processing of employee wages. Key tasks include calculating payroll, ensuring compliance with laws, analyzing payroll data, and preparing reports. This role requires strong analytical, organizational, and communication skills, along with expertise in payroll principles and HRIS systems. The specialist also provides training and support to payroll staff, playing a vital role in maintaining smooth payroll processes and client satisfaction.
What is the average salary of a Senior Payroll Specialist?
The average salary of a Senior Payroll Specialist typically ranges from $55,000 to $90,000 per year, with a median salary around $70,000. Hourly rates generally fall between $26 and $43, depending on experience and location.
How do I get a Senior Payroll Specialist job?
To secure a Senior Payroll Specialist job, start by obtaining a Bachelor's or Associate's degree in Accounting, Finance, Business, or Human Resources. Pursue relevant certifications like CPP or FPC to enhance your qualifications. Gain 3 to 10 years of payroll processing experience, preferably in high-volume environments. Develop strong knowledge of payroll laws and regulations, and become proficient in HRIS systems such as ADP or Workday. Cultivate excellent analytical, organizational, and communication skills, and ensure you are familiar with accounting principles and financial software. Finally, demonstrate strong interpersonal skills to effectively collaborate with various stakeholders.
What are the job duties of a Senior Payroll Specialist?
A Senior Payroll Specialist is responsible for accurately calculating and processing employee wages, including base pay and overtime. They analyze and verify payroll reports, authorize transactions, and ensure timely payroll delivery. They provide support to HR, maintain payroll records, and reconcile accounts. Additionally, they handle payroll-related queries, resolve errors, and manage off-cycle payments. The role involves training other payroll staff, improving ERP processes, and assisting with tax reporting and compliance. Effective communication with various departments is essential to ensure accurate data sharing and problem resolution.
How much does a Senior Payroll Specialist make per hour?
A Senior Payroll Specialist typically earns between $26 and $43 per hour, depending on experience and location.
Is a Senior Payroll Specialist job fullfilling?
A Senior Payroll Specialist job can be fulfilling for those who enjoy working with numbers, ensuring accuracy, and contributing to employee satisfaction. The role often involves problem-solving, compliance, and the opportunity to impact an organization positively, making it rewarding for detail-oriented individuals.
How long does it take to become a Senior Payroll Specialist?
To become a Senior Payroll Specialist, it typically takes 3 to 10 years of experience in payroll processing, along with a relevant degree and preferred certifications like CPP or FPC. Most positions require strong knowledge of payroll laws, proficiency in HRIS systems, and excellent analytical and communication skills.
Is there a demand for Senior Payroll Specialists?
Yes, there is a strong demand for Senior Payroll Specialists due to the increasing complexity of payroll regulations and the need for accurate payroll processing in organizations. Companies seek experienced professionals to ensure compliance and efficiency in payroll management.
What are Senior Payroll Specialist career paths?
Senior Payroll Specialists can advance their careers by moving into roles such as Payroll Manager, Payroll Director, or Human Resources Manager. They may also specialize further in areas like compliance, benefits administration, or HR analytics. Additionally, some may choose to transition into consulting or training roles, leveraging their expertise to guide organizations in payroll best practices. Continuing education and certifications can enhance their career prospects and open up leadership opportunities.
What are the job responsibilities of a Senior Payroll Specialist?
A Senior Payroll Specialist is responsible for accurately calculating and processing employee wages, including base pay and overtime. They analyze payroll reports for accuracy, authorize transactions, and ensure timely payroll delivery. They provide support to HR with benefits processing, maintain payroll records, and reconcile timekeeping and tax reports. The role involves training other payroll staff, resolving payroll issues, and managing employee inquiries. Additionally, they identify process improvements, develop payroll policies, and assist with tax agency communications and year-end reporting.
What are the requirements to get a Senior Payroll Specialist job?
To secure a Senior Payroll Specialist position, candidates typically need the following requirements:
1. **Education**: A Bachelor's or Associate's degree in Accounting, Finance, Business, Human Resources, or a related field.
2. **Certifications**: Preferred certifications include CPP (Certified Payroll Professional) or FPC (Fundamental Payroll Certification).
3. **Experience**: A minimum of 3 to 5 years of payroll processing experience is required, with some positions demanding up to 10 years. Experience in high-volume payroll processing for over 1,000 employees is often preferred.
4. **Skills**:
- Strong knowledge of payroll principles, laws, and regulations.
- Proficiency in HRIS systems like PeopleSoft, ADP Workforce Now, and Workday.
- Excellent analytical, organizational, and communication skills.
- Ability to work under pressure and prioritize tasks.
- Knowledge of accounting principles and practices.
- Experience with financial software and systems.
- Strong interpersonal skills for effective communication with stakeholders.
5. **Technical Skills**: Proficiency in spreadsheet and word processing programs, along with the ability to operate various office equipment and knowledge of record-keeping techniques.
Are there entry level Senior Payroll Specialist jobs?
Entry-level Senior Payroll Specialist positions typically do not exist, as senior roles generally require significant experience in payroll processing and management. Common requirements for a Senior Payroll Specialist include a bachelor's degree in accounting, finance, or a related field, proficiency in payroll software, strong analytical skills, attention to detail, and knowledge of labor laws and regulations. Employers often seek candidates with at least 3-5 years of payroll experience.
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