Compensation And Benefits Associate

Compensation & Benefits Executive

Department: Human Resources

Reporting to: Compensation & Benefits Lead

Subordinates: NIL

Job Summary: We are seeking a detail-oriented and experienced Payroll and Compensation professional to join our team. The ideal candidate will manage and process monthly payroll, ensuring data accuracy through system data reconciliation and compensation data management. This role also involves handling third-party payments, maintaining statutory compliances, supporting operational needs and preparing monthly MIS reports and dashboards.

Key Responsibilities:

1.Monthly Payroll:

oProcess and manage the monthly payroll for all employees, ensuring accuracy and compliance with company policies and legal regulations.

oAddress and resolve any payroll-related issues promptly.

2.System Data Reconciliation:

oPerform regular reconciliation of payroll and compensation data across different systems to ensure accuracy and consistency.

oIdentify and correct any discrepancies.

3.Third-Party Payments (Adecco):

oOversee the processing of payments to third-party vendors such as Adecco.

oEnsure that all third-party transactions are documented and compliant with company policies.

4.Statutory Compliance:

oEnsure all payroll activities comply with local statutory regulations and requirements.

oPrepare and submit necessary statutory reports on time.

5.Compensation Data Management:

oMaintain and update compensation data in the system, ensuring data integrity and confidentiality.

oProvide support in the analysis and reporting of compensation trends.

6.Operational Support:

oProvide operational support for various compensation and payroll-related activities.

oAssist in the implementation of new processes and systems.

7.Monthly MIS & Dashboards:

oPrepare and maintain monthly MIS reports and dashboards to provide insights into payroll and compensation data.

oPresent data in a clear and actionable format to management.

Qualifications:

• Bachelors degree/ Diploma in Labour Laws/ MBA

Must have:

• Proven experience in payroll management, compensation, and benefits administration.
• Strong knowledge of payroll software and systems.
• Excellent analytical and problem-solving skills.
• Knowledge of statutory compliance related to payroll and compensation.
• Attention to detail and high level of accuracy.
• Ability to work independently and as part of a team.
• Strong communication and interpersonal skills.