payroll AccountantPayreto

POSITION OVERVIEW
The Payroll Accountant is a client servicing accountant of the Operation Department deployed under the Finance as a Service (FaaS) that works directly with the Client's Payroll in charge, Finance, and its Treasury Department. He/she will prepare employee salary statements and process payments. The payroll Accountant ensures all payroll processing and updating of the payroll files, schedules, and records are in line with the client's accounting practices, governmental laws, and policies.
Further, the payroll accountant will be under the direct supervision of the Head of Finance and Administrative Services, acting as the Account Manager (AM) for the FaaS. This is to ensure that the client's Payroll Operations run smoothly, and the financial and Payroll reports are prepared on time.
JOB RESPONSIBILITIES
Prepares error-free employee payroll
Prepares monthly Payroll schedules and statements
Verifies, posts, and reconciles accounts payable and receivable
Calculate net salaries considering deductions and withholdings
Update general ledger and payroll files
Prepare accounting files, records, and schedules
Monitor paid and unpaid leaves
Process overtime earnings or holiday deductions
Resolve payroll problems (e.g. overlooked bank holidays, late payments, etc.)
Answer and collaborate payroll vendor's or employee's questions concerning payroll
Participate in payroll audits
Ensure compliance with governmental laws on payroll accounting and taxes
Ensure payroll and tax documents are accurate
Processes and attests to the completeness of payroll documents and schedules such as supplier invoice, receiving report, purchase order and request for payment form
Prepares monthly journal entries for the set-up of salaries, re-charges, and taxes.
Maintains general ledgers by verifying and posting accounts transactions
Assists management in making decisions through timely submission of error free monthly payroll report
Spots errors and suggests ways to improve efficiency and spending
Develops and implements accounting procedures by analyzing current procedures and recommends changes
Manage accounting records and prepare analysis
Contacts customers to resolve payment issues
Takes responsibility for coaching and supervising the work of subordinate
Other accounting duties that may be assigned from time to time
Perform other official work as instructed by the immediate supervisor/manager.
Recommend and proactively implement opportunities for increased departmental efficiency.
Extend work hours when needed.
REQUIRED QUALIFICATIONS:
Bachelor's Degree in Accountancy or any equivalent degree.
Certified Public Accountant is an advantage.
Above average English verbal and written communication skills.
Must have at least 5 years of experience in the same role or equivalent from a BPO or shared-service environment catering to the Financial or Banking Industry.
PREFERRED QUALIFICATIONS:
Strong background in Payroll, Financial Accounting, and Taxation.
Working knowledge and experience in Cost Accounting.
Working knowledge and experience using various accounting tools, software, or systems like Oracle, SAP Business One, Great Plains, Dynamics Navision, NetSuite, or Quick books.
Knows how to prioritize tasks according to the level of criticality.
Can work with minimal supervision.
Capable of multi-tasking and efficiently handling pressure.
Exhibits flexibility in dealing with changes.
Has excellent critical thinking skills