Payroll Coordinator

Job Title: Payroll Coordinator

Job Type: Full-Time

Location: Philippines

About Mass Markets:

Mass Markets is a leading Business Process Outsourcing (BPO) company that specializes in delivering tailored solutions to meet the diverse needs of our clients. With a commitment to excellence and a focus on innovation, we have established ourselves as a trusted partner in the industry.

About the Role:

We are seeking a highly motivated and dedicated Payroll Coordinator who will play a critical role in ensuring accurate and timely processing of payroll for employees. The successful candidate will be responsible for managing payroll systems, calculating wages, and ensuring compliance with relevant laws and regulations.

Key Responsibilities:

• Calculate wages, deductions, and withholdings, ensuring accuracy and compliance with company policies and applicable laws.
• Enter payroll data accurately into the payroll system and verify the accuracy of payroll reports before processing.
• Review and reconcile payroll transactions, including salary adjustments, bonuses, commissions, and benefits contributions.
• Ensure compliance with federal, state, and local payroll tax regulations, including withholding requirements, reporting, and remittance of payroll taxes.
• Prepare and submit payroll tax returns, W-2 forms, and other required filings in a timely manner.
• Administer employee benefits programs related to payroll deductions, such as health insurance, retirement plans, and flexible spending accounts.
• Coordinate with HR and benefits providers to ensure accurate enrollment, changes, and terminations.
• Maintain and update payroll records, employee profiles, and payroll-related information in the payroll system.
• Troubleshoot system issues, resolve discrepancies, and ensure data integrity and security.
• Respond to employee inquiries regarding payroll matters, including pay discrepancies, tax withholdings, and benefit deductions.
• Provide assistance and guidance to employees on payroll-related policies, procedures, and documentation requirements.
• Assist with internal and external audits of payroll records, providing documentation and support as needed.
• Conduct periodic audits of payroll data to identify errors, discrepancies, and potential areas for improvement.
• Identify opportunities to streamline payroll processes, improve efficiency, and enhance controls.
• Collaborate with cross-functional teams, including HR, Finance, and IT, to implement process improvements and system enhancements.

Candidate Qualifications:

The ideal candidate for this position should possess the following qualities:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field.