Compensation and Benefits Officer

2 months ago

Taguig City, Philippines Abbott Laboratories Full time

To provide administrative support to the C&B Manager on payroll processing, benefits administration, billing and vendor payments, government statutory submissions, last pay processing, and annual tax filing requirements. Your work will be of utmost importance since the correct processing and distribution of benefits is vital for employee retention and satisfaction.

MAIN RESPONSIBILITIES

Payroll Processing

  • Send out bi-weekly payroll reminder on submission of data to C&B team
  • Prepare payroll instruction containing new joiners, SSS benefits for payout, loan deduction implementation, long-service awards, one-time-payments, etc., then send to C&B Manager for approval prior sending to the payroll vendor
  • Perform initial review of the payroll calculation made by the vendor then send to C&B Manager and Finance for final review and upload
  • Ensure accuracy of government mandated deductions such as SSS, PagIBIG, Philhealth, and Withholding Tax
  • Send fund request to Finance for upcoming payroll based on payroll report received from payroll vendor

Final Pay

  • Review clearance submitted and ensure completeness before sending to the payroll vendor for final pay processing
  • Coordinate with Finance for final pay cheque preparation
  • Ensure final pay is computed accurately and released on time

Benefits Administration

  • Ensure benefits concerns and/or requests of employees are attended on a timely manner
  • Review enrollment forms of new hires for HMO and Life Insurance before sending to vendors for benefits activation
  • Provide required forms to employees for availment of benefits
  • Filing of SSS Maternity and SSS Sickness Notification
  • Prepare initial calculation for SSS Sickness and SSS Maternity Benefit
  • Notify HMO and Life Insurance of terminations for the cancellation of their benefits
  • Perform initial review of all billing from vendors and prepare Request for Check (RFC) before sending to C&B Manager for approval

Government Statutory

  • Ensure monthly statutory contributions and loans for SSS, Pag-IBIG, and Philhealth are remitted and paid on time to avoid penalties
  • Certify employeeâs government loans and ensure the salary deduction for the same is implemented on payroll as scheduled
  • Facilitate annual tax filing including finalizing and submission of mandatory BIR forms (Alphalist, Schedule F, 1601, etc.)
  • Liaise with government agencies for statutory benefitsâ
  • Ensure new joiners timekeeping account is active and credentials are sent to the new joinerâs email on or before Day 1
  • Maintain the accuracy of employee information (approver, job title, etc.) in the timekeeping system to ensure timely approval of attendance filings

QUALIFICATIONS

  • Graduate of Psychology, Human Resource Management and other related discipline
  • Has at least 3-5 years of experience doing timekeeping, payroll, and benefits administration
  • Strong knowledge on MS Office Suite especially MS Excel
  • Exhibits adeptness in dealing with numbers and keen on details
  • Highly creative and has self-initiative
  • Ability to work unsupervised and to perform and deliver under strict timelines
  • Has good interpersonal skills, results-driven with a strong sense of integrity
  • Analytic, systematic, and highly organized
  • Good communication skills

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