Compensation & Benefits and Payroll Specialist

Kinettix Inc.; Cebu City; On-site; PHP 400,000 - 600,000; Full time

Job summary

A leading company in the Philippines is seeking an experienced Compensation & Benefits and Payroll Specialist to manage payroll processing, oversee employee benefits administration, and ensure compliance with Philippine labor laws. The ideal candidate must have strong knowledge in payroll systems and have at least 5 years of relevant experience. This role requires precision and strong interpersonal skills, along with the ability to work effectively with various government agencies.

Qualifications

• 5+ years of experience in payroll processing, compensation & benefits, and leave administration.
• Hands-on experience with SSS benefits, Pag-IBIG MP2, and final pay computation.
• Experience in BIR TIN processing and ensuring correct tax classification.

Responsibilities

• Process payroll accurately and on time across various components.
• Administer employee benefits and provide guidance on compensation policies.
• Manage all types of leave including accruals and utilization monitoring.
• Handle statutory compliance related to government contributions and taxes.
• Prepare regular reports on payroll and conduct audits for accuracy.

Skills

Payroll processing

Knowledge of Philippine labor laws

Strong communication skills

Attention to detail

Analytical skills

Education

Bachelor's degree in Human Resources, Accounting, Finance, or related field

Tools

Payroll systems

HRIS

Microsoft Excel

Job description

Compensation & Benefits and Payroll Specialist

Job Description:

Job Summary

We are seeking an experienced Compensation & Benefits and Payroll Specialist to oversee end-to-end payroll processing, employee benefits administration, leave management, salary benchmarking, and statutory compliance. The ideal candidate must possess solid expertise in payroll, a strong understanding of Philippine labor laws and statutory contributions, and the ability to coordinate effectively with government agencies to ensure accuracy and compliance.

Job Responsibilities

1. Payroll Administration

   Process payroll accurately and on time, covering salaries, overtime, allowances, deductions, bonuses, and computation of final pay.

   Maintain payroll records, conduct reconciliations, and prepare payroll reports for management and audit use.

2. Compensation & Benefits Administration

   Administer company benefits such as health insurance, retirement plans, incentives, and allowances.

   Provide guidance to employees and management on compensation policies, benefits eligibility, and enrollment procedures.

   Support salary benchmarking, market rate analysis, and recommendations to maintain competitive and equitable compensation practices.

3. Leave Management

   Manage all leave types including Vacation Leave, Sick Leave, and other statutory or special leaves.

   Ensure accurate accruals, tracking, utilization monitoring, and reporting of leave balances.

4. Government Contributions & Statutory Compliance

   Handle SSS benefits (maternity, sickness, calamity, disability, retirement) and SSS/Pag-IBIG loans, including Pag-IBIG MP2 and related programs.

   Process BIR TIN registration and ensure proper employee tax classification.

   Coordinate with SSS, PhilHealth, Pag-IBIG, and BIR regarding claims, contributions, remittances, reconciliations, inquiries, and pending approvals.

   Ensure timely submission of statutory reports, forms, and certifications.

   Stay updated on changes in labor laws and government regulations affecting payroll, benefits, and leave administration.

5. Reporting & Analysis

   Prepare regular reports on payroll, benefits, leave balances, salary benchmarking, and statutory compliance.

   Conduct audits to ensure accuracy, documentation integrity, and policy compliance.

   Provide insights and recommendations regarding compensation trends, statutory obligations, and benefits optimization.

Job Qualifications

Minimum Requirements

• Bachelors degree in Human Resources, Accounting, Finance, or related field.
• At least 5 years of experience in payroll processing, compensation & benefits, and leave administration.
• Strong knowledge of Philippine labor laws and statutory requirements (SSS, PhilHealth, Pag-IBIG, BIR).
• Hands‑on experience with SSS benefits, Pag-IBIG MP2, employee loans, and final pay computation.
• Experience in BIR TIN processing and ensuring correct tax classification.
• Proficient in payroll systems, HRIS, and Microsoft Excel.
• Highly accurate, detail-oriented, and capable of handling confidential information.
• Strong communication and interpersonal skills.

Competencies

• Accuracy and Attention to Detail
• Confidentiality and Integrity
• Analytical and Problem‑Solving
• Time Management and Deadline-Orientation
• Communication and Employee Relations
• Market Awareness and Salary Benchmarking

Good to Have

Certifications or proven experience in salary benchmarking, with demonstrated ability to analyze and compare market compensation data to support competitive pay structures.