The payroll manager job description is to mainly manage the payroll function in the organization. They have to handle the payroll department or are a part of the human resources department, depending on the hierarchy prevalent in the organization.
The payroll department is one of the departments in an organization. They are ones in charge of the salaries of all the employees. They painstakingly calculate the salaries of each employee. The size of this department depends on the size of the organization. If a company has many employees, they will require many people in the payroll department. Therefore, payroll managers are also required to manage all the employees in this department.
The payroll manager job description is to ensure that the department is functioning properly and there is no delay in the salaries of the employees. They delegate duties to each clerk as there are many calculations that have to done before a paycheck is issued or the amount is credited to the employee's bank account.
Payroll managers have to design methods and work with other technicians of the company to get the right software that will help them in calculating the salary. They have to update this software and train all the clerks on how to use it. They have to personally calculate the salaries of the payroll clerks.
Payroll managers have to be good in accounts. They encounter countless calculations and they should make entries of all the calculations. After the salaries are credited, they have to balance the payroll account and send the details to the accounting department. They also should have a copy with themselves just in case any employee has a few doubts about their salary.
There could be mistakes regarding the salary, in that case, they should immediately rectify the error and credit the difference into the employee's salary account. They have to be updated with the policies of the company regarding salaries. They also have to make the necessary updates in the software if there is a change in the policy.
Payroll managers also ensure that each employee's salary slip is made. They have to give the salary slips to the management so they can get the appropriate signatures on them. These slips are then issued to the employees. The payroll manager has many other such duties that are given in the payroll manager job description given below in detail.
Responsibilities and duties
The payroll managers get a good salary considering that this is an important job and requires good qualifications. This position requires the candidate to have worked in the payroll department before. The education is expensive but they get good opportunities to move up into the management.
Career advancing opportunities
The payroll managers have a great chance of moving into more advanced managerial positions. They could also switch to the human resources department and become the HR manager.
The payroll manager job description is quite complicated and versatile. They have duties to perform including managing a whole department. They have to be good in accounts and should have flair with numbers. Only then can one become a good payroll manager.