Compensation and Payroll Specialist

4 weeks ago

Quezon City, Philippines Public Safety Savings and Loan Association, Inc. (PSSLAI) Full time

Job Summary: The Compensation and Payroll Specialist is responsible for managing the end-to-end payroll process and ensuring the accurate and timely compensation of employees. This role requires a strong understanding of payroll systems, Philippine labor and tax regulations, and general HR practices. Key Responsibilities: Manage and process end-to-end payroll for all employees, ensuring accuracy and timeliness Ensure full compliance with Philippine labor laws and government regulations (SSS, PhilHealth, Pag-IBIG, BIR) Prepare and submit mandatory government reports related to employee compensation and taxes Maintain and regularly update employee payroll records, including timekeeping, attendance, and benefits data Monitor payroll transactions to ensure accuracy, resolve discrepancies, and enforce compliance with company policies Handle payroll-related inquiries and provide prompt support to employees regarding salaries, deductions, benefits, loans, and leave balances Coordinate with the Accounting/Finance Department for payroll funding, reporting, and reconciliation of payroll-related accounts Administer government and company loans, final pay computation, separation pay, and other compensation-related benefits Ensure accurate processing of new hires, promotions, salary adjustments, resignations, and terminations in the payroll and HR systems Ensure accurate withholding and remittance of statutory contributions and taxes for both employees and employer Generate and distribute monthly payslips, certificates of compensation, and other payroll documents as needed Implement payroll system upgrades or enhancements, and monitor changes to improve payroll efficiency Maintain the confidentiality and security of all employee compensation data and payroll records Qualifications: Bachelor’s degree in Business Administration, Accounting, or a related field Minimum of 3 years of relevant payroll experience In-depth knowledge of Philippine labor laws and government-mandated benefits Experienced in preparing statutory reports and managing payroll systems Proficient in payroll software and Microsoft Excel High level of accuracy, attention to detail, and ability to handle confidential information with integrity #J-18808-Ljbffr

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