Payroll Accounting Specialist

1 day ago


Hong Kong, Central and Western District, Hong Kong SAR China Hong Kong International School Full time
Job Description

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.
Key Areas of Responsibility:
  • 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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