Payroll Specialist

Prime Investments; Randburg; On-site; ZAR 300,000 - 400,000; Full time

Job summary

A distinguished financial services group in Gauteng is seeking a skilled Payroll Specialist to manage all aspects of payroll administration, ensuring compliance with regulations and effective handling of employee benefits. This role requires strong attention to detail and proficiency in payroll systems. The ideal candidate will have at least 3 years of payroll experience and a diploma in Accounting or Finance. The position is full-time within a supportive team environment.

Qualifications

• Minimum 3 years of experience in payroll administration.
• Ability to handle confidential information with discretion.
• Strong understanding of payroll systems and statutory requirements.

Responsibilities

• Process payroll and ensure statutory compliance.
• Manage employee benefits and payroll queries.
• Implement changes to employee records in the payroll system.

Skills

Accounting principles

Payroll legislation

Microsoft Excel

Attention to detail

Communication skills

Education

Diploma in Accounting, Finance, or related field

Tools

Payspace

Job description

Overview

Prime Investments is a distinguished, award-winning financial services group, regulated and operating across South Africa, Guernsey, Mauritius, and Botswana. With a team of over 85 professionals spanning offices in the above jurisdictions, we specialise in fund services including administration, accounting, investor services, and multi-jurisdictional distribution. Our expertise supports both traditional and alternative fund structures and mandates, ensuring tailored solutions for a diverse client base.

What Sets Us Apart

At Prime Investments, we believe that exceptional service begins with empowered people. We foster a culture where trust, autonomy, and collaboration are paramount. We don’t track time or micromanage—we work with capable, committed individuals and trust them to deliver their best. Our environment is transparent, supportive, and driven by a shared enthusiasm for excellence—both in how we serve our clients and how we support one another.

Function Overview

The Payroll Specialist is responsible for the end-to-end administration of payroll operations. This includes processing payroll, ensuring statutory compliance, managing employee benefits, handling payroll queries, and supporting system upgrades and audits. The role requires a high level of accuracy, confidentiality, and knowledge of payroll legislation and systems.

Key Responsibilities

• Payroll roll over and processing of monthly payroll.
• Implement necessary changes to employee records and payroll data.
• Reconcile employee benefits with payroll system (e.g., Life Cover, Medical Cover, Retirement Annuities).
• Generate and analyse payroll reports.
• Submit recoveries to relevant employers for approval.
• Submit employee salaries to Netcash.
• Distribute employee payslips.
• Submit Retirement Annuity (RA) amounts to finance for payment processing.
• Perform statutory reconciliations (SDL, UIF, PAYE) and submit via E-Filing.
• Submit UIF declarations.
• Address ad-hoc payroll queries from employers and employees.
• Monitor compliance with payroll-related legislation and internal policies.
• Support payroll system upgrades and testing of new features.
• Provide training and support to HR and finance teams on payroll processes.
• Prepare documentation and reports for internal and external audits.
• Maintaining payroll data in line with the Protection of Personal Information Act (POPIA).
• Direct interaction with SARS for statutory submissions and resolving discrepancies.
• Payroll responsibilities during onboarding and offboarding (e.g., final pay, leave encashment, exit documentation).
• Managing payroll timelines, deadlines, and communication of cut-off dates to stakeholders.
• Identify and implement process improvements to enhance payroll efficiency and accuracy.
• Maintain up-to-date knowledge of changes in payroll legislation and best practices.
• Assist with the setup of performance management metrics within the payroll system.

Required Skills & Experience

• Diploma in Accounting, Finance, or related field.
• Minimum 3 years of experience in payroll administration.
• Experience working on Payspace (Deel) highly advantageous.
• Proficiency in payroll software and Microsoft Excel.
• Strong understanding of payroll legislation and statutory requirements.
• Excellent attention to detail and organizational skills.
• Ability to handle confidential information with discretion.
• Strong communication and interpersonal skills.

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Human Resources

Industries

• Investment Management