Compensation and Payroll Specialist

1 day ago

Cubao, National Capital Region, Philippines Public Safety Savings and Loan Association, Inc. (PSSLAI) Full time ₱900,000 - ₱1,200,000 per year

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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