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    Payroll Executive - Singapore - ICONIC LOCATIONS SINGAPORE PTE. LTD.

    ICONIC LOCATIONS SINGAPORE PTE. LTD.
    ICONIC LOCATIONS SINGAPORE PTE. LTD. Singapore

    1 week ago

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    Description
    Roles & Responsibilities

    OVERVIEW

    A payroll executive is a professional responsible for overseeing the accurate and timely processing of payroll for employees of all levels. They must possess strong analytical skills, attention to detail, and a comprehensive understanding of payroll laws and regulations.

    DUTIES AND RESPONSIBILITIES

    Adding value to the HR department by facilitating the overall management of the payroll administration.

    Payroll Processing:

    • Collect and verify timekeeping information for all employees.
    • Calculate and process payroll, including regular wages, overtime, bonuses, and deductions.
    • Ensure accuracy and compliance with company policies, labor laws, and taxation regulations.
    • Review and reconcile payroll data before processing payments.

    Record Maintenance:

    • Maintain accurate payroll records and employee data in the payroll system.
    • Generate reports on payroll costs, employee hours, and benefits utilization as needed.
    • Ensure confidentiality and security of payroll information.

    Compliance and Reporting:

    • Stay updated on payroll laws, regulations, and industry trends.
    • Prepare and file payroll tax returns and other regulatory reports.
    • Assist in audits and provide necessary documentation to auditors.

    Communication and Support:

    • Respond to payroll inquiries from employees regarding pay, deductions, and benefits.
    • Collaborate with HR and finance teams to address payroll-related issues and discrepancies.
    • Provide training and support to employees on payroll-related processes and systems.

    Invoice Review:

    • Review and verify invoices related to payroll, including those for casual labor provided by third-party vendors and full-time third-party labor.
    • Ensure accuracy in billing, hours worked, rates, and other relevant details.
    • Reconcile discrepancies and resolve issues with invoices in a timely manner.

    Timesoft System Management:

    • Ensure accurate setup of employee profiles, pay rates, deductions, benefits, and other payroll-related data within Timesoft.
    • Monitor system updates and implement necessary changes to enhance functionality and compliance.
    • Serve as the primary point of contact for Timesoft-related inquiries and issues from HR, finance, and other departments.
    • Provide advice, guidance, and troubleshooting support to users regarding Timesoft functionalities, processes, and best practices.
    • Collaborate with Timesoft support teams to resolve technical issues and optimize system performance.
    • Conduct training sessions for new users and refresher sessions for existing users on Timesoft system navigation, features, and updates.

    Subsidies, Claims Processing, Tax Compliance and Submission:

    • Manage and process government-related subsidies and claims, including maternity claims, paternity claims, childcare leave, foreign worker levy waivers, and other relevant subsidies.
    • Ensure accurate calculation and verification of subsidy amounts, eligibility criteria, and supporting documentation.
    • Collaborate with HR, finance, and legal teams to ensure compliance with government regulations and policies.
    • Coordinate and facilitate IRAS income tax submissions for employees, including timely filing of tax returns, tax deductions, and exemptions.
    • Calculate and process tax-related allowances, and benefits in accordance with tax laws and regulations.
    • Provide guidance and support to employees on tax-related inquiries and compliance matters

    JOB REQUIREMENTS:

    • A minimum Diploma/Degree in Accounting, Finance, Business Administration, Human Resources, or a related field with at least 2 years of relevant experience.
    • Possess a positive work attitude.
    • Proficiency in MS Office, particularly Excel.
    • Strong grasp of payroll principles, tax regulations, and labor laws.
    • Demonstrated attention to detail and accuracy in data entry and calculations.
    • Ability to handle confidential information with integrity and professionalism.
    • Effective communication skills and the capacity to collaborate within a team.
    • Familiarity with the Timesoft system would be advantageous.
    Tell employers what skills you have

    Microsoft Office
    Microsoft Excel
    IRAs
    Analytical Skills
    Ability To Work Independently
    Legislation
    Tax
    Payroll
    SAP
    Accounting
    Compliance
    Resource Management
    Team Player
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