Payroll Accounting Specialist

Bosch Building Technologies•Phoenix, AZ

7d•Onsite

About The Position

The Payroll Accounting Specialist is responsible for payroll and benefits financial reconciliation, general ledger accuracy, and payroll-related accounting activities, including accruals and month-end close support. Reporting through Payroll within the Accounting & Finance organization, this position partners closely with Benefits and Accounting to research and resolve discrepancies and ensure payroll- and benefit-related financial activity is accurately recorded and reconciled.

Requirements

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field, or an equivalent combination of education and relevant experience.
At least 3 years of accounting or finance experience.
Strong understanding of general accounting principles, including general ledger reconciliations, journal entries, accrual accounting, and month-end close processes.
Proficiency with ERP and financial reporting systems.
Advanced Microsoft Excel skills.
Strong analytical and problem-solving abilities.
Ability to handle confidential payroll, employee, and financial information with discretion.

Nice To Haves

Experience with payroll accounting, including payroll-related general ledger reconciliations, payroll liabilities, and employer tax and benefit expenses.
At least 6 years of accounting or finance experience, preferably supporting payroll, employee benefits, or other employee-related financial activities.
Proficiency with payroll and HRIS systems.
Commission or incentive compensation processing knowledge.
Working knowledge of employee benefit deductions and employer benefit accounting.

Responsibilities

Reconcile employee benefit and payroll-related general ledger accounts and resolve outstanding balances.
Compare payroll deductions and employer contributions with benefit enrollments, carrier invoices, and general ledger activity to identify and resolve discrepancies.
Partner with Benefits and Payroll to research variances and ensure reimbursements, corrections, and adjustments are processed accurately and on time.
Ensure payroll activity is accurately mapped and recorded to the appropriate general ledger accounts, including earnings, taxes, deductions, employer taxes, and benefit expenses.
Prepare monthly payroll accruals for wages, PTO, benefits, commissions, and other payroll-related expenses.
Prepare journal entries, supporting schedules, and documentation for month-end close.
Support month-end, quarter-end, and year-end close activities, including documentation for internal and external audits.
Provide backup support for commission processing, including validating commission data and coordinating payments through payroll.
Partner with Payroll, Benefits, Accounting, and Finance to support accurate financial reporting and resolve payroll- and benefit-related accounting issues.
Support payroll implementations, benefit changes, acquisitions, and system enhancements while identifying opportunities to improve processes, controls, and reporting accuracy.
Perform other duties as assigned.