Payroll Analyst plays a crucial role in Human Resources, ensuring accurate payroll processing, effective timekeeping, and the seamless administration of salary and benefits programs.
This role is perfect for someone who thrives in a fast-paced environment, has a strong grasp of payroll processes, and takes pride in accuracy and compliance.
Roles & Responsibilities
- Process payroll and attendance records accurately and on schedule to ensure timely employee compensation.
- Assist in developing and maintaining salary and benefits structures
- Formulate, update, and amend compensation policies in accordance with organizational standards and legal requirements.
- Calculate separation pay accurately following company policies and applicable laws.
- Ensure adherence to statutory requirements, including contributions and filings for SSS, Pag-IBIG, PhilHealth, and BIR.
- Handle annualization and Income Tax Return (ITR) preparations in compliance with tax regulations.
- Produce detailed reports on Key Performance Indicators (KPIs), including attendance, absenteeism, and turnover rates.
- Manage payroll complaints professionally, ensuring timely resolution and monitoring issues.
- Generate manpower and salary statistics for workforce planning and budgeting decisions.
- Conduct benchmarking studies on salary and benefits to ensure market competitiveness
- Prepare labor cost projection and manpower wages budgets
Minimum Qualifications
Education & Qualifications:
Bachelors degree in Accountancy, Operations Management, Human Resources Management, or a related field, with a strong focus on Payroll.
Experience
- Minimum of 5 years hands-on experience in payroll and timekeeping.
- Proven expertise in Payroll processing, Taxation, and statutory compliance.
Skills & Competencies
- Strong organizational and time management skills, with the ability to prioritize tasks and meet deadlines in a fast-paced environment.
- High attention to detail and strong mathematical skills for accurate payroll processing and reporting.
- Ability to handle confidential and sensitive information with discretion.
- Proficiency in Microsoft Excel for data analysis and reporting.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively at all levels of the organization.
- Familiarity with SQL or Power BI is a plus.
- Flexibility to adapt to changing priorities and willingness to work beyond regular hours when necessary.
