Payroll Specialist - (McKinney, TX)

Position overview General Purpose Pays employees and compiles payroll info by managing payroll preparation; completing reports; maintaining records for multiple clients. Main Job Tasks and Responsibilities Maintains payroll info by designing systems; directing the collection, calculation, and entering of data. Updates payroll records by reviewing and approving changes in exemptions, insurance coverage, savings deductions, and job titles, and department/ division transfers. Pays employees by directing the production and issuance of paychecks or electronic transfers to bank accounts. Prepares reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages. Determines payroll liabilities by approving the calculation of employee federal and state income and social security taxes, and employer's social security, unemployment, and workers compensation payments. Balances the payroll accounts by resolving payroll discrepancies.