Summary of the position:
- The Payroll and Operations Specialist is a key member of the HR team who will report to the Compensation & Benefits Manager.
- He/She will be responsible for processing the monthly payroll & accounting entries, benefits administration and ensuring data accuracy in the HRIS system.
- He/she will review HR policy and ensure day-to-day handling of HR matters are compliant with the Bank’s guidelines and regulatory requirements.
Main responsibilities:
1. Payroll, Benefits Administration and Operations
- Support HR operations in managing end-to-end payroll and ensuring the accurate and timely processing of monthly payroll.
- Manage employee benefits programs relating to health insurance, claims, leaves etc. Maintain accurate benefits record and ensure timely processing of enrolments, changes and terminations.
- Coordinate and manage timely submission of all mandatory surveys from government and regulatory bodies. Prepare and submit monthly reports including headcounts for validation.
- Process and follow up on all government related claims such as NS, childcare, maternity, paternity claims.
- Provide advice on HR policies, procedures and address payroll and benefits related queries.
2. Project Management
- Assist with the execution of global, regional and local HR projects from initiation to completion, ensuring alignment with project timeline and the Bank’s goals/objectives.
- Other duties as assigned.
3. Legal and Regulatory Responsibilities
- Comply with all applicable legal, regulatory and internal Compliance requirements, including, but not limited to, the Singapore Compliance manual and Compliance policies and procedures as issued from time to time; Financial Security requirements, including, but not limited to, the prevention of Financial Crime and Fraud including reporting obligations to the Money Laundering Reporting Officer.
- Maintain appropriate knowledge to ensure to be fully qualified to undertake the role.
- Complete all mandatory training as required to attain and maintain competency.
4. Requirements
- Bachelor’s degree in Human Resources, Business Administration or Accounting related field.
- At least 2 years’ hands on experience in HR payroll and benefits administration
- Strong analytical skills with the ability to interpret HR data, conduct benchmarking studies, analyze market trends and make data-driven recommendations.
- Good knowledge of employment laws, regulations and HR best practices.
- Positive mindset with a passion for driving change, continuous improvement, and staying ahead of industry trends.
- Ability to prioritize, work under pressure, and manage multiple projects simultaneously.
- Excellent written and communication skills.
