Payroll Accounting Specialist

2 weeks ago


Johannesburg, Gauteng, South Africa Network Recruitment Full time

Network Recruitment is seeking a skilled Payroll Accounting Specialist to join their team. This role involves managing payroll tax compliance, payroll accounting, and reconciliations.

Key Responsibilities:
  • Advise the Payroll Services team on income tax implications
  • Draft opinions on income tax consequences for ad hoc queries
  • Assist and advise on complex income tax and VAT issues
  • Interpret income tax legislation and ensure compliance
  • Support the implementation of payroll transactions
  • Adhere to risk management procedures
  • Manage daily payroll processing, including salary, wages, and tax reconciliations
  • Prepare, review, and file amended tax returns
Payroll Accounting & Reporting:
  • Review third-party payments and reconcile them to the general ledger
  • Prepare management reports, including provision reporting
  • Process payroll journals and general ledger entries
  • Import weekly and monthly payroll interface data
  • Perform monthly reconciliations of general ledger accounts
  • Conduct reviews and testing of payroll provisions
  • Ensure accurate reporting of payroll information
  • Verify statutory deductions and ensure timely payments with correct GL entries and reconciliations
  • Oversee payroll-related benefits (e.g., Provident Funds, Pension Funds, Medical Funds) to ensure accurate processing and reconciliation
  • Maintain compliance with payroll documentation and month-end reports
  • Prepare integrated reports for operations and support external audit processes
  • Assist with Employment Equity and Stats SA reporting
  • Support general accounting functions as required
Requirements:
  • Degree in Finance or Accounting
  • Postgraduate qualification in Tax or professional Tax Practitioner is advantageous
  • Minimum of 5 years' experience in payroll accounting and tax compliance
  • Strong knowledge of payroll legislation, tax regulations, and VAT
  • Proficiency in payroll systems and accounting software
  • Experience with general ledger reconciliations and statutory reporting
  • Attention to detail, analytical skills, and the ability to manage deadlines


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