Payroll Specialist I

Description Thorlabs is pleased to play a role in advancing science through the components, instruments, and systems we design and manufacture. We believe that science and innovation have great potential to improve the world around us and are committed to advancing photonics (i.e., light-based) technologies that positively impact our customers, employees, and communities. Via educational outreach and more sustainable business practices, we continuously invest in a brighter future. We recognize that each of our employees is a unique individual with the ability to contribute to our success and seek to find great people who will thrive in our fun, fast-paced culture. Compile and record employee time and payroll data. Accurately issue pay to hourly and non-hourly employees by calculating earnings and deductions in accordance with established payroll practices and guidelines through Payroll Processing System.

• Timely processing of payrolls for hourly and non-hourly employees.
• Ensure accuracy of each payroll by reviewing various payroll reports, reconcile errors and maintain payroll records.
• Perform actions necessary to track and determine regular and overtime pay, and factors commission-based income or bonuses into an employee's salary.
• Review and process payroll adjustments, including vacation, sick, and other time off.
• Ensure child support and garnishment orders have been answered timely and entered accurately into the payroll system.
• Process employee deductions including W4 changes; direct deposit; and 401(k) loans.
• Field and respond to payroll inquiries and resolves discrepancies as required.
• Calculate and prepare manual payroll checks.
• Ensure that payroll-related transactions are processed in compliance with federal and state regulations and guidelines, as well as internal policies.
• Provide employee wage verification to outside requestors.
• Prepare monthly domestic Report.
• Prepare monthly Payroll Account Reconciliations.
• Generate reports using Paychex.
• Provide various reports for Human Resources and Accounting departments.
• Assist with 401(K) annual audits.
• Manage employee expenses reimbursement.
• Perform other related duties or special projects as required.
• Maintain knowledge of rules and laws which govern the payroll administration practices.

The Company retains the right to change or assign other duties to this position.