Job Description:
We are currently seeking a skilled and detail-oriented Payroll Specialist to join our team in Singapore.
The Payroll Specialist will be responsible for overseeing the payroll process for our employees in compliance with Singaporean regulations. The ideal candidate will have a thorough understanding of Singaporean payroll laws, strong analytical skills, and the ability to maintain confidentiality.
Responsibilities:
- Process monthly payroll for employees accurately and on time, ensuring compliance with Singaporean labor laws and regulations, including the Employment Act and CPF Act.
- Calculate salaries, bonuses, deductions, and allowances accurately, including CPF contributions, taxes, and other statutory payments.
- Review and verify employee timesheets, leave records, and other relevant data to ensure accuracy of payroll inputs.
- Handle inquiries from employees regarding payroll-related matters and resolve any issues or discrepancies promptly.
- Prepare and submit statutory reports and filings, including CPF contributions, tax returns, and year-end documentation (e.g., IR8A).
- Stay updated on changes to Singaporean payroll regulations and tax laws, and ensure payroll processes remain compliant.
- Maintain accurate and confidential payroll records, ensuring data integrity and security.
- Assist in payroll audits and compliance checks as required.
- Collaborate with HR and Finance teams to streamline payroll processes and integrate with HRIS systems.
- Administrative duties, like purchasing of office utility items, raising purchase order via SAP.
- Provide support for ad-hoc payroll-related projects and administrative initiatives.
Requirements:
- Bachelor's degree in Accounting, Finance, Human Resources, or related field preferred.
- Minimum 2-3 years of experience in payroll processing, preferably in Singapore.
- Strong understanding of Singaporean payroll regulations, CPF Act, Income Tax Act, and other relevant legislation.
- Proficiency in payroll software and MS Office applications, particularly Excel.
- Excellent numerical and analytical skills with a high degree of accuracy and attention to detail.
- Ability to handle sensitive and confidential information with discretion.
- Strong communication and interpersonal skills, with the ability to interact effectively with employees and stakeholders at all levels.
- Experience with HRIS systems (e.g., SAP) is a plus.
- Ability to work independently, prioritize tasks, and meet deadlines in a fast-paced
