Payroll Analyst
Teradyne
Date: 1 day ago
City: Lapu-Lapu City
Contract type: Full time
- Payroll
- Oversee and administer the payroll process, ensuring such adheres to legal requirements and company-related policies.
- Ensures payroll is processed with speed and accuracy.
- Coordinates and collaborates with Finance, and other stakeholders regarding payments and deductions and for all matters related to payroll for the site.
- Coordinates with payroll vendor to ensure payroll processing accurately reflects company specific pay policies.
- Audits employees pay records to ensure accuracy
- Proficiency with payroll software, systems, and other relevant HRIS systems. Familiarity with automation tools to upgrade or increase payroll process efficiently or data analytics for payroll (e.g., using Excel for macros or analytics tools for reporting)
- Identify and implement process improvements to increase payroll efficiency and accuracy.
- Continue reviewing and streamlining payroll processes to ensure best practices and compliance
- Interprets pay policies (vacation, LOA, disability, withholding exemptions, etc)
- Ensures appropriate amounts/ deductions are calculated and applied correctly
- Participate in internal and external audit requirements of the site.
- Assists in the creation and/or review and maintain payroll related processes and policies.
- Conduct and participate in market surveys.
- Responsible for maintaining clear communication channels with employees regarding payroll concerns, changes, and updates (e.g., new laws, payroll cut-off dates).
- Perform other related compensation and benefits tasks and programs.
- Support benefit programs and ad hoc tasks.
- Compliance
- Proactively ensures that the payroll and processes are efficient and compliant with known standards and up-to-date knowledge of local, country regulations.
- Participates in the audit activities of the site.
- Review, monitor, update, and implement employee policies and procedures that are initiated by the government or are company initiated related to payroll.
- Participates in regulatory compliance requirements of the site such as DOLE reports, RBA (Responsible Business Alliance), internal and external audit, and labor-related audits pertaining to payroll.
- Reviews payroll and benefits instruction file(s).
- Other Roles
- Ensures that records and documents related to payroll are recorded accurately and processed timely in accordance with government and company guidelines.
- Facilitate training sessions related to the function.
- Create and generate reports and maintain databases.
- Collaborate with internal and external customers on services to achieve service excellence.
We are an equal-opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, sex, gender, gender expression, sexual orientation, age, marital status, veteran status, or disability status. We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform crucial job functions, and to receive other benefits and privileges of employment.
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