The Payroll Officer is responsible for managing the end-to-end payroll cycle and ensuring the accurate and timely processing of employee salaries, deductions, statutory contributions, and government-mandated benefits. The role oversees payroll preparation, validation, disbursement coordination, statutory remittances, and compliance with Philippine labor laws and government regulations.
Key Responsibilities
A. End-to-End Payroll Processing
- Manage the complete payroll cycle, from collecting and validating payroll inputs to finalizing payroll computations and coordinating salary disbursement.
- Prepare and process employee salaries, overtime, holiday pay, night differential, allowances, incentives, and other applicable earnings.
- Compute statutory and company-mandated deductions, including SSS, PhilHealth, Pag-IBIG, withholding tax, and employee loan repayments.
- Review and validate attendance records, timesheets, leave credits, undertime, absences, and other payroll adjustments.
- Process payroll adjustments for new hires, resigned employees, salary changes, and other employee status updates.
- Prepare payroll summaries, bank payment files, and other supporting documents for approval and disbursement.
- Conduct payroll reconciliation to ensure the accuracy of computations, deductions, and net pay.
- Handle final pay computations and other payroll-related clearances, as assigned.
B. Statutory Benefits and Government Compliance
- Process and monitor employee contributions and remittances to SSS, PhilHealth, and Pag-IBIG.
- Prepare and submit statutory reports, contribution schedules, and payment documents within prescribed deadlines.
- Manage employee registration, member information updates, contribution corrections, and government loan deductions.
- Assist in processing statutory benefits, including SSS sickness, maternity, and other applicable employee benefit claims.
- Reconcile payroll deductions against government contribution records and payment confirmations.
- Monitor changes in statutory contribution rates, policies, and applicable government regulations.
- Coordinate with government agencies to resolve discrepancies, remittance concerns, and employee benefit issues.
C. Reporting and Employee Support
- Prepare payroll reports, statutory contribution summaries, and other management reports as required.
- Maintain accurate, organized, and confidential payroll and employee benefits records.
- Respond to employee inquiries concerning salary computations, deductions, payslips, statutory contributions, and benefits.
- Coordinate with HR, Accounting, and Finance to ensure payroll accuracy and timely disbursement.
- Ensure compliance with internal payroll policies, data privacy requirements, and applicable labor laws.
- Perform other payroll and benefits-related duties as assigned.
Qualifications
- Bachelor's degree in Accountancy, Finance, Human Resource Management, or a related field.
- At least 2–3 years of experience in end-to-end payroll processing and statutory benefits administration.
- Knowledge of Philippine payroll regulations, labor standards, and statutory requirements involving SSS, PhilHealth, Pag-IBIG, and withholding tax.
- Experience using payroll systems, HRIS platforms, and government online portals.
- Proficient in Microsoft Excel, particularly payroll computations, data validation, and reconciliation.
- Strong numerical, analytical, and problem-solving skills.
- High attention to detail, accuracy, confidentiality, and compliance.
- Ability to manage multiple payroll deadlines and resolve discrepancies efficiently.
Preferred qualifications:
- Experience handling payroll for a mid-sized or large workforce.
- Familiarity with final pay computation, government loan deductions, and statutory benefit claims.
- Experience coordinating with banks and Finance teams for payroll disbursement.