What does a Payroll Director do?
Published 3 min read
A payroll director is responsible for the management and coordination of an organization's payroll processes. They work closely with other departments to ensure that employee compensation is accurate and timely. In addition, they may also be responsible for developing and implementing new payroll policies and procedures.
Payroll Director job duties include:
- Overseeing the payroll process and ensuring that all employees are paid accurately and on time
- Managing a team of payroll specialists and ensuring that they are properly trained
- Coordinating with other departments to ensure that all employee data is accurate and up to date
- Processing payroll for multiple locations and in multiple currencies
- Ensuring compliance with all relevant laws and regulations
- Preparing monthly, quarterly, and annual reports
- Reconciling payroll accounts and preparing journal entries
- Working with auditors to ensure compliance with Sarbanes-Oxley requirements
- Assisting with the development and implementation of new payroll systems and processes
Payroll Director Job Requirements
The job requirements for a Payroll Director typically include a bachelor's degree in accounting, finance, business administration, or a related field. Certification as a Certified Public Accountant (CPA) or Certified Payroll Professional (CPP) is preferred. A minimum of five years of experience in payroll management is also required.
Payroll Director Skills
- Payroll
- Tax
- Benefits
- Compensation
- Human Resources
- Employee Relations
- Recruiting
- Training
- Performance Management
- Organizational Development
- Change Management
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How to become a Payroll Director
The Payroll Director is responsible for the management and administration of all payroll activities. This includes the development and implementation of payroll policies and procedures, the management of payroll systems and processes, and the supervision of payroll staff.
To become a Payroll Director, you will need to have strong experience in payroll administration and management. You will also need to be well-versed in employment law and have a solid understanding of accounting principles. In addition, you will need to be an excellent communicator and have strong leadership skills.
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