Job Description
POSITION IMMEDIATELY AVAILABLE
An established organisation in the financial sector is seeking a detailoriented Payroll Administrator to join their team. This role offers an excellent opportunity for a diligent professional with strong numerical accuracy and organisational skills to contribute to a reputable company while advancing their career. You’ll play a key role in ensuring efficient, compliant payroll processes and supporting a smooth employee experience.
Formal Education:
- Degree in finance, accounting or related field.
- Certificate in payroll (advantageous)
Experience:
- 6-8years experience in payroll administration
Knowledge:
- Labour Legislation impacting on payroll
- Payroll calculations
- SARS requirements including tax directives
- PaySpace would be an advantage
- Proficiency in the following: Excel, Word, and PowerPoint
Duties:
- Philosophy
- To ensure that payroll information is always correct and checked before being processed
- Processes:
- Process monthly payroll transactions on the Payroll system (appointments, increases, terminations, increases, transfers, contributions, and deductions, etc)
- Communicate payroll deadlines, policies and procedures
- Process adjustments on the Payroll system
- Prepare all monthly reconciliations (salary, tax, medical aid, provident funds)
- Prepare payroll-related management information as requested as well as providing payroll and leave reports to the business units monthly
- Load invoices on SAGEX3 with adequate reconciliations to the payroll system
- Prepare payment requisitions for all salary-related transactions, including directors’ remuneration and facilitate payment with the respective business units
- Maintain adequate record-keeping and support for transactions recorded on the Payroll system
- Register companies with the relevant authorities (SARS, Workmen’s Compensation and Department of Labour)
- Prepare, reconcile and submit declarations in respect of EMP201’s, EMP501’s, UIF declarations and Compensation declaration) and facilitate payment with the respective business units
- Generate and release employee IRP5’s and payslips
- Administer the Group’s Medical Aid and Provident Fund portals including updating information, requesting schedules and querying inaccurate information provided
- Provide support to the HR Team in terms of process integration and other information required (including but not limited to preparation on dummy payslips, manual leave calculations etc)
- Prepare information for the internal and external auditors
- Primary liaisons with the PaySpace consultants in respect of the Payroll system
- Administer the payroll system and other related controls, including access controls and back-up management (including by not limited to new entity set ups, changing tax rates, monthly cut off deadlines)
- Assist with queries from the respective authorities (SARS, Workmen’s Compensation and Department of Labour), internal auditors and external auditors
- Assist with all staff related queries on a daily basis
-
Monthly maternity leave salary calculations
-
People
-
Ability to communicate with a variety of individuals on all levels in order to obtain, confirm information and resolve queries
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Work effectively in a team
-
How to Apply
Click the green “Go Apply” button below to apply directly online with the employer.
About Banking Jobs in Gauteng
The banking industry in Gauteng, South Africa is a dynamic and growing sector, with a strong demand for skilled professionals. Typically, job seekers in this field can expect to find opportunities across various sectors, including financial services, technology, and manufacturing. Generally, the industry outlook remains positive, with a common expectation of steady growth and expansion.
When it comes to salary expectations, banking positions in Gauteng typically fall within broad ranges, often influenced by factors such as experience, company size, and industry sector. For instance, entry-level positions may start around R400 000 per annum, while senior roles can exceed R800 000. However, please note that these figures are approximate and can vary significantly depending on individual circumstances.
Common skills required for banking roles in Gauteng include proficiency in financial software, strong analytical and problem-solving abilities, excellent communication and interpersonal skills, and a solid understanding of regulatory requirements. Other essential skills often include technical expertise in areas such as accounting, risk management, or compliance. Additionally, many employers place a high value on emotional intelligence, creativity, and adaptability.
The banking industry is commonly found in sectors such as financial services, technology, manufacturing, and corporate finance. Financial services companies, for example, are often major players in the industry, while technology firms may require banking professionals with technical expertise. Manufacturing sector banks also exist, catering to the needs of specific industries.
Career development opportunities abound in the banking industry, with many positions offering clear career progression paths. Typically, entry-level roles can lead to senior management positions or specialized fields such as risk management or compliance. Opportunities for professional development, training, and mentorship are often available within organizations, allowing professionals to build expertise and advance their careers.
This information provides general career guidance. Actual salaries and requirements vary by employer.
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