Payroll Accounting Specialist
1 day ago
We are seeking a highly skilled Payroll Accounting Specialist to join our team at Hong Kong International School.
Responsibilities:- Manage the payroll process, ensuring accuracy and timeliness while adhering to relevant laws and regulations.
- Process payroll, maintain records, prepare and analyze reports, and collaborate with HR and other departments.
- Candidate should have experience in payroll, ORSO and MFP processing, IRD reporting, familiarity with payroll software, strong analytical and organizational skills, and ability to handle sensitive information confidentially.
- End-to-End Payroll Processing:
- Manage complete payroll processing cycle, including monthly execution of regular and off-cycle payrolls, ensuring accuracy and timely delivery.
- Prepare reconciliations between employee contracts and payroll system data, communicate with Human Resources and other departments regarding any discrepancies or inquiries.
- Calculate payroll adjustments, timesheets, additional pay, and deductions, allocate insurance premiums.
- Prepare and review payroll data and reports to verify pay calculations, deductions, and adjustments.
- Ensure proper documentation of payroll-related accounting transactions.
- Income Tax Returns Function:
- Maintain accurate and proper records for preparation of required tax filings and other statutory reports, ensuring compliance with payroll regulations, tax laws, employment legislation, and internal policies and procedures.
- Timely management of reporting of employer returns, coordinate and verify Rental Reimbursement Claims for income tax reporting.
- Prepare Summary of annual benefits to employees for U.S. income tax purposes.
- Serve as primary point of contact for payroll and income tax related inquiries and issue resolution.
- Support on income tax related workshops for internal stakeholders.
- Retirement Scheme:
- Collaborate with Human Resources to manage provident fund and pension contributions, ensuring accurate handling of new and terminated members.
- Data Analytics and Reporting:
- Assist with data analytics, audit activities, and management reports relating to payroll.
- Ensure accurate payroll data entry and allocation within the system, reflecting properly in the General Ledger.
- Support on Administrative Procedures and Internal Controls:
- Stay updated with payroll best practices, industry trends and changes in regulations.
- Collaborate with the team to streamline and automate payroll processes, enhancing efficiency and accuracy.
- Assist in recommending improvements in administrative procedures and internal controls on payroll and alert Accounting Manager or Director of Finance on payroll issues.
Salary: Estimated salary range: HKD 50,000 - HKD 70,000 per month depending on qualifications and experience.
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