
Compensation and Payroll Specialist
2 days ago
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.
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