Compensation and Benefits Officer

CHINA MERCHANTS BANK CO., LTD; Singapore; On-site; SGD 45,000 - 65,000; Full time

Job summary

A financial institution in Singapore is looking for an HR professional to manage payroll, compensation, and benefits. The ideal candidate should have a Bachelor's degree and 3-5 years of HR experience, with strong skills in Microsoft Excel and data analytics. Fluency in English and Chinese is required to liaise with stakeholders. This role involves ensuring compliance with local regulations and facilitating performance appraisals and staff recognition initiatives.

Qualifications

• 3-5 years of relevant experience in compensation, benefits, and/or HR operations.
• Strong proficiency in Microsoft Excel and data analytics.
• Excellent communication, coordination, and problem-solving skills.

Responsibilities

• Ensure timely and accurate payroll, allowance, and benefits disbursement.
• Manage the C&B budget to ensure proper allocation aligned with company policies.
• Conduct regular analytics and reporting to support management decision-making.
• Coordinate performance appraisal and reward programs.

Skills

Microsoft Excel

Data analytics

Communication skills

Coordination skills

Problem-solving skills

Fluency in English

Fluency in Chinese

Education

Bachelor’s degree in Human Resources, Business Administration, Finance, Mathematics, or related field

Job description

Job Description

• Ensure timely and accurate payroll, allowance, and benefits disbursement in compliance with internal policies and local regulations.
• Manage the compensation and benefits (C&B) budget to ensure proper allocation aligned with company policies and financial guidelines.
• Conduct regular analytics and reporting to support management decision-making.
• Coordinate performance appraisal and reward programs to drive motivation and recognition.
• Support the implementation of staff recognition, awards, and career progression evaluation frameworks.
• Prepare and submit compensation-related reports to Head Office and local regulators accurately and timely.
• Oversee employee tax planning and ensure compliance with IRAS regulations.
• Manage procurement and administration of staff welfare and benefit programs.
• Promote HR policies, provide consultation, and enhance employee understanding.
• Conduct benchmarking and propose policy enhancements to maintain competitiveness.
• Review HR and employee reimbursement claims for accuracy and compliance.
• Assist the General Manager and HODs with ad hoc HR tasks, reporting, and project initiatives.

Requirements

• Bachelor’s degree in Human Resources, Business Administration, Finance, Mathematics, or related field.
• At least 3 - 5 years of relevant experience in compensation, benefits, and/or HR operations.
• Strong proficiency in Microsoft Excel and data analytics.
• Excellent communication, coordination, and problem‑solving skills.
• Fluent in both English and Chinese, written and spoken, to liaise with internal and external Chinese stakeholders.
• Highly responsible, detail‑oriented, and able to work independently under pressure.