Senior payroll specialist vs paymaster

The differences between senior payroll specialists and paymasters can be seen in a few details. Each job has different responsibilities and duties. It typically takes 2-4 years to become both a senior payroll specialist and a paymaster. Additionally, a paymaster has an average salary of $69,234, which is higher than the $59,503 average annual salary of a senior payroll specialist.

The top three skills for a senior payroll specialist include peoplesoft, payroll data and reconciliations. The most important skills for a paymaster are ADP, payroll processing, and payroll system.

Senior payroll specialist vs paymaster overview

	Senior Payroll Specialist	Paymaster
Yearly salary	$59,503	$69,234
Hourly rate	$28.61	$33.29
Growth rate	-3%	-3%
Number of jobs	6,310	668
Job satisfaction	-	-
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 57%
Average age	48	48
Years of experience	4	4

Senior payroll specialist vs paymaster salary

Senior payroll specialists and paymasters have different pay scales, as shown below.

	Senior Payroll Specialist	Paymaster
Average salary	$59,503	$69,234
Salary range	Between $42,000 And $82,000	Between $41,000 And $115,000
Highest paying City	San Francisco, CA	-
Highest paying state	New Jersey	-
Best paying company	MongoDB	-
Best paying industry	Technology	-

Differences between senior payroll specialist and paymaster education

There are a few differences between a senior payroll specialist and a paymaster in terms of educational background:

	Senior Payroll Specialist	Paymaster
Most common degree	Bachelor's Degree, 58%	Bachelor's Degree, 57%
Most common major	Business	Accounting
Most common college	University of Pennsylvania	University of Pennsylvania

Senior payroll specialist vs paymaster demographics

Here are the differences between senior payroll specialists' and paymasters' demographics:

	Senior Payroll Specialist	Paymaster
Average age	48	48
Gender ratio	Male, 23.2% Female, 76.8%	Male, 27.8% Female, 72.2%
Race ratio	Black or African American, 9.8% Unknown, 6.1% Hispanic or Latino, 18.1% Asian, 6.0% White, 58.5% American Indian and Alaska Native, 1.5%	Black or African American, 8.9% Unknown, 6.1% Hispanic or Latino, 18.9% Asian, 6.1% White, 58.5% American Indian and Alaska Native, 1.5%
LGBT Percentage	10%	10%

Differences between senior payroll specialist and paymaster duties and responsibilities

Senior payroll specialist example responsibilities.

Manage payroll imports into and out of HRIS, including master file and pay data additions and changes.
Update the maintenance of all job-relate records in the KRONOS timekeeping system, for all employees.
Perform thorough analysis of UltiPro timekeeping system prior to uploading to the payroll system on a biweekly basis.
Process payroll using ADP/ KRONOS for multiple companies.
Load pay changes for pay period into UltiPro.
Process regular wages, overtime wages, PTO, tips and toke incomes, etc.

Paymaster example responsibilities.

Manage annual professional liability in PeopleSoft for faculty and fellows.
Assist in month end process including accruals and payroll journals.
Create and maintain record of expenses and payments, assisting in the preparation of various reports and reconciliations.
Perform monthly balance sheet account reconciliations including bank and payroll reconciliations.
Maintain detailed records of employment, and provide spreadsheets/data of all payroll functions-for audit purposes in accordance with statutory requirements.
Create new inventory/non-inventory items in QuickBooks accounting system and tracks supplies accurately.

Senior payroll specialist vs paymaster skills

Common senior payroll specialist skills

PeopleSoft, 15%
Payroll Data, 5%
Reconciliations, 4%
HRIS, 4%
ADP Workforce, 3%
Data Entry, 3%

Common paymaster skills

ADP, 11%
Payroll Processing, 11%
Payroll System, 10%
Accruals, 9%
Reconciliations, 8%
W-2, 8%