Job Description:
Key Responsibilities:
Payroll Processing & Administration:
- Process payroll for employees accurately and on time, including salaries, bonuses, deductions, and benefits.
- Ensure payroll calculations comply with IFRS, labor laws, tax laws, and company policies.
- Maintain and update payroll records, including employee data, salaries, deductions, and benefits.
- Handle employee salary adjustments, bonuses, overtime, and commission payments.
- Coordinate with HR for new hires, terminations, and salary changes.
Compliance & Reporting:
- Ensure payroll processes align with IFRS standards for financial reporting and accruals.
- Prepare and reconcile payroll journal entries and reports for financial statement accuracy.
- Calculate and submit payroll-related taxes, social security, and other statutory contributions.
- Ensure compliance with tax laws, labor regulations, and company policies.
- Assist in external and internal audits related to payroll, providing required documentation.
Financial Analysis & Reconciliation:
- Reconcile payroll-related accounts, ensuring accuracy in general ledger postings.
- Work closely with finance teams to support month-end and year-end closing processes.
- Analyze payroll variances, trends, and provide financial insights on employee costs.
Systems & Process Improvement:
- Maintain payroll software and ensure data integrity.
- Identify and implement process improvements for efficiency and accuracy.
- Support system enhancements, automation, and integration with accounting systems.
Qualifications & Experience:
- Education: Bachelors degree in Accounting, Finance, or a related field.
- Experience: 5+ years of payroll processing experience, preferably in an IFRS-compliant environment.
- Technical Skills:
- Proficiency in payroll systems and ERP software.
- Strong knowledge of IFRS standards related to payroll and employee benefits.
- Expertise in payroll taxation, labor laws, and social security regulations.
- Advanced Excel skills for payroll analysis and reporting.
Key Competencies:
Attention to detail and high accuracy in payroll processing.
Strong understanding of IFRS-based payroll accounting and reporting.
Ability to handle confidential information with integrity.
Excellent problem-solving and analytical skills.
Effective communication and collaboration with HR, Finance, and external stakeholders.