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QCR Holdings, Inc. · 3 hours ago

Senior Payroll Specialist

Moline,IL,US

Full-time

Onsite

Mid, Senior Level

$60K/yr - $75K/yr

4+ years exp

QCR Holdings, Inc. is a company committed to fostering a culture of diversity, equity, and inclusion. The Senior Payroll Specialist will be responsible for ensuring the smooth operation of the payroll function, collaborating with the HR team to implement policies and procedures, and managing various payroll-related tasks.

BankingFinancial ServicesWealth Management

Growth Opportunities

Responsibilities

Execute the biweekly payroll functions in compliance with external regulations and internal policies for the entire organization, including, entering of data into payroll software, changing recurring earning and deductions, maintaining all changes to payroll records, tracking and entering all commissions and bonuses, and maintaining personal time off plans

Create and/or enter all required bi-weekly, monthly and annual payroll entries to be entered into the general ledger in collaboration with the accounting department

Reconcile the quarterly tax returns completed by the payroll provider to ensure accuracy of reporting and payments

Reconcile year end returns and w-2’s to ensure accuracy of reporting

Create and maintain payroll tax withholding accounts, as needed, and handle all miscellaneous invoices, refunds, and inquiries that come from tax agencies

Understand the general ledger system and how payroll ties to the general ledger and checking accounts and is able to make correcting entries to ensure accuracy of the general ledger system and checking account balances

Research general ledger or checking account offages and work with appropriate team members to resolve issues through entries and/or payroll adjustments

Solve issues concerning payroll, answers inquiries, and enforce payroll policies

Manage regular preparation of relevant management reports, including bi-weekly, monthly, quarterly and year-end reports (gross payroll, hours worked, vacation accrual, benefit deductions, etc.)

Prepare annual compensation surveys and miscellaneous surveys throughout the year

Maintain employee payroll records and files

Manage and submit invoices from HR vendors

Provide information for internal audits required by the internal audit department

Collaborate with team members to solve employee and payroll issues

Keep current with all payroll related compliance matters and updated laws and regulations

Critically review and analyze current payroll and tax procedures in order to recommend and implement changes leading to best-practice operations and efficiencies

Implement enhancements and improvements on current processes and procedures leading to best practices

Foster and preserve a culture of inclusion

Assist with other total rewards functions (e.g., benefits, compensation) as needed

Additional duties and responsibilities may be required to support the company’s mission, vision and values

Qualification

Payroll processingHRIS (Paylocity preferred)General ledger reconciliationAnalytical skillsAttention to detailMicrosoft Office SuiteInterpersonal communicationWritten communicationConfidentiality

Required

Bachelor's degree in business, human resources, or accounting, or equivalent work experience

Minimum four years' experience in Human Resources or similar field, with experience in payroll

Familiarity with benefits systems, HRIS (Paylocity preferred), and payroll software

Knowledge of how payroll flows to general ledger (GL) and checking accounts and experience with researching reconciliation offages with ability to understand how to appropriately correct them

Strong attention to detail and ability to handle multiple tasks and projects simultaneously

Ability to work independently and maintain a high level of confidentiality with sensitive information

Ability to follow policies and procedures directed by a highly regulated and audited industry

Ability to communicate professionally with all members of the organization and assist with issues in a timely manner

Strong analytical and critical thinking skills

Strong verbal, written and interpersonal communication skills

Proficient with Microsoft Office Suite or related software