Compensation and Payroll Specialist

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.