Payroll Specialist

Job Description

The Payroll Specialist is responsible for processing payroll accurately and timely, ensuring compliance with policies and regulations. This role plays a crucial part in maintaining employee satisfaction by providing timely and accurate payment of wages and benefits.

• Ensure timely and accurate processing of payroll transactions, including salaries, benefits, taxes, and other deductions.
• Review and approve payroll calculations, deductions, and adjustments.
• Stay updated on payroll best practices, trends, and regulatory changes.
• Collaborate with HR and finance teams to ensure seamless payroll operations.
• Review wages, deductions, and overtime based on time‑sheets and other records.
• Maintain accurate payroll records and employee information in the payroll system.
• Ensure compliance with local payroll regulations and tax laws.
• Schedule bank payments to employees by the 27th of each month.
• Perform monthly payroll reconciliation and reconcile salary accounting with general ledger.
• Review medical insurance invoices, employee claims (BTA) as per company policy.
• Perform monthly account reconciliation related to employees (Medical Insurance, Employee Housing).
• Review full and final settlements for employees as per labor law.
• Distribute salary payment statements on a monthly basis (digital or paper).
• Respond to any queries related to compensation, benefits, taxes, and insurance deductions.
• Facilitate audits by providing records and documentation to auditors.
• Perform other duties as assigned.