Payroll Accounting Specialist
Los Angeles, CA 90017 (Hybrid Must be local )
$40-$55hr (Weekly pay + medical benefits)
4 month contract ( Excellent potential for extension)
Full-time: M-F: flexible start times/ paid parking
Our client is trusted and established institution providing their commercial and retail customers with a real financial bridge to the next stage of their lives and businesses. Their customers benefit from access to the best of both worlds - large bank resources coupled with individual attention and customized services of a small bank. They aspire to be the most admired bank, recognized for providing their commercial and retail customers a bridge to build their local and global operations and to achieve their financial goals.
POSITION SUMMARY: Responsible for the overall employee payroll and benefits administration. Process and maintain employee information in HRIS system. Ensure all data/documentations/procedures associated with compensation, payroll, and benefits are in compliance with audit standards, Bank's laws, and regulations
DUTIES:
- Employee Payroll and Benefits Implementation
- Reconcile and process AP bills on a timely matter
- Process employee payroll, benefits, insurance, pension, and savings plans (including payroll transmission and breakdown, general ledger reconciliation, E-time vacation accrual reports, ADP bills, and reimbursement, etc.)
- Reconciliation of employee payroll tax withholding to ensure compliance with all relevant tax laws and regulations
- Prepare monthly salary and benefits related reports
- Prepare data and information associated with payroll, benefits, and compensation to internal and/or external auditors and regulators if requested
- Support the execution of compensation, payroll, and benefits procedures and documentation with legal and regulatory requirements
- Update payroll, benefits, compensation, and other employee information for the maintenance of human resources information and payroll system
- Respond to any inquiries in relation to compensation and benefits by employees
- Reconcile of HR general ledgers
- Successfully complete all mandatory training on related Bank and compliance as well as other laws and regulations as assigned in a timely manner.
- Perform all assigned duties under Bank's compliance programs and related laws & regulations.
- Perform other duties as assigned.
Requirements:
- Bachelor's degree in business, Accounting, Human Resources or related fields OR relevant experience
- 3+ yrs experience in payroll & benefits administration
- 3+ yrs experience with ADP Workforce Now
- Must have general accounting experience; mostly in AP.
- Experience to reconcile AP bills
- Experience to process bi-weekly payroll
- Experience to reconciliation of employee payroll tax withholding (familiar with payroll taxes- local and state)
- Understanding of different taxations; what is SSA range etc
- Experience to process employee payroll, benefits, insurance, pension, and savings plans
- Working knowledge of Federal, State, and City payroll and benefits compliance
- Experience to download and pull reports in ADP Workforce now or similar systems
- Basic excel experience
- Able to process and maintain employee information in HRIS system
- Respond to employees who reach out on inquires related to compensation and benefits
- Must have excellent attention to detail and a proven track record of accuracy
- Must know how to prioritize and know how to balance deadlines
- Attention to detail, strong organizational, communication, interpersonal, self-motivated, and analytical skills, ability to interact with all levels of management and staff.