Payroll Specialist

Trandon Associates, Inc; New York (NY); On-site; USD 65,000 - 90,000; Full time

Job summary

NYC Federal Savings Bank is seeking a Payroll Specialist to join their team. The role focuses on accurate bi-weekly payroll processing and providing general accounting support related to payroll activities.

The candidate must maintain high confidentiality, detail orientation, and organizational skills in a small accounting team environment. The position requires experience in payroll and basic accounting knowledge, with proficiency in Excel and the ability to work both independently and

Qualifications

• 2+ years payroll and accounting experience.
• Proficiency in Microsoft Excel required.
• High attention to detail and confidentiality.
• Basic accounting knowledge expected.
• Strong organizational and problem-solving abilities.

Responsibilities

• Process bi-weekly payroll for all bank employees, including timecards, changes, deductions, and approvals.
• Maintain and update payroll records for hires, terminations, and updates.
• Calculate and process incentive compensation, including commissions.
• Ensure payroll transactions are recorded and reconciled with GL schedules.
• Respond to inquiries regarding payroll, timekeeping, and reporting.
• Research discrepancies and process corrections promptly.
• Prepare and file payroll-related reports bi-weekly, monthly, quarterly, and yearly.
• Support internal controls and assist with audits as needed.
• Prepare journal entries and reconciliations for payroll activity.

Skills

Payroll experience

Accounting

Excel proficiency

Attention to detail

Analytical skills

Independence / teamwork

Job description

Job Description

Job Description

** NYC Federal Savings Bank seeking a Payroll Specialist to join their team!**

** Job Summary**
The Payroll Specialist is responsible for the accurate and timely processing of bi-weekly payroll. In addition to payroll administration, this role provides general accounting support, primarily related to payroll accounting, reconciliations, and month-end close activities.

This position requires a high level of confidentiality, strong attention to detail, and a solid understanding of payroll processing. The ideal candidate is organized, dependable, and able to improve the current

RESPONSIBILITIES:

• Process bi-weekly payroll for all bank employees, including review of timecards, pay rate changes, deductions, and approvals.
• Maintain and update payroll records to reflect employee changes such as new hire terminations, compensation adjustments, and benefit deductions.
• Calculate and process incentive compensation, including loan officer commissions and branch incentive programs.
• Ensure payroll transactions are properly recorded in the general ledger and reconciled to supporting schedules.
• Respond to employee and manager inquiries regarding payroll, timekeeping, and payroll-related reporting.
• Research payroll discrepancies and process adjustments or corrections in a timely manner.
• Prepare, review, and file payroll-related reports on a bi-weekly, monthly, quarterly, and annual basis.
• Support payroll-related internal controls and assist with internal, external, and regulatory audits as needed.

General Accounting

• Prepare journal entries and account reconciliations.
• Assist in month end closing, financial reporting, and variance analysis
• Perform other accounting or administrative duties as assigned

QUALIFICATIONS:

• 2 + years payroll and accounting experience
• Proficiency in Microsoft Excel
• Strong attention to detail with the ability to handle sensitive and confidential information.
• Basic accounting knowledge
• Strong organizational, analytical, and problem-solving skills.
• Ability to work independently and collaboratively within a small accounting team