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Compensation & Benefits Assistant

This role is open for both iAspire candidates and external talents. We encourage you to refer candidates to this role.

 

Position Title: Compensation & Benefits Assistant

 

Job Summary:
 

Processes employee’s benefits (retirement, separation, leave conversion, maternity, sickness, etc.), compensation of junior officers and staff, and remittance of monthly contributions of both employer and employees to Philippine Health Insurance Corp (Philhealth), Social Security System (SSS) and National Home Development Mutual Fund (NHDMF);

Prepares schedule of car plan for submission to Data Warehouse Division and schedules for annual income tax of all employees and their individual BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld)

Ensures proper documentation of records, and reports based on the time prescribed by law or government agencies (such as BIR, SSS, PHIC, NHDMF) and to facilitate tracing such files in the future.

 

Specific Duties & Responsibilities:

  • Processes regular payroll (which are released every 12th and 27th of the month) and bonuses and other benefits (leave conversion, profit sharing, regular bonuses, tellers’ incentives, medical and clothing allowance) of junior officers and staff including the preparation of input sheet and data encoded in the payroll system.
  • Computes and processes request for payment of retirement/separation benefits of retired/separated junior officers and staff.
  • Prepares reimbursable allowances schedules due to junior officers before uploading to the payroll system.
  • Computes maternity and sickness benefits of junior officers and staff.
  • Computes and evaluates loan amount and corresponding credit ratio for junior officers and staff (housing loan, car and multi-purpose loan under Provident plan, financial assistance loan, car plan and other loans to subsidiaries and creditors with approved Memorandum of Agreement with the Bank)
  • Administers remittance of monthly contributions to SSS, Philhealth and National Home Development Mutual Fund.
  • Administers remittance of various loan amortizations to Metrobank, Trust Banking Group and Subsidiaries.
  • Administers transmission of monthly contributions to SSS and NHDMF and quarterly contributions to Philhealth.  Transmit the monthly contributions to SSS via EDINET.
  • Prepares certification of SSS, Philhealth and PagIbig contributions being issued to employees.
  • Prepares certification of employment with compensation being issued to Junior Officers and Staff.
  • Inputs monthly provident fund contributions of member employees to the provident fund system.
  • Prepares monthly car plan schedule for submission to Data Warehouse Division.
  • Administers reconciliation of A/R – SSS Maternity and Sickness Benefits and assist in the monitoring of accounts.
  • Assists in the preparation of annual income tax withheld from employees against the yearly report to be submitted to BIR (Alphabetical List of Employees from Whom Taxes are Withheld).
  • Prepares BIR Form 2316 (Certificate of Compensation Payment/Tax Withheld) all employees.
  • Performs other related functions that may be assigned from time to time.

 

Qualifications:

  • Graduate of any Business- related courses
  • With at least 2-year experience working as Payroll Assistant or Accounting Staff
  • Must have a pro-active approach to problem solving and the ability to meet tight deadlines.

 

Other Details:

Rank: Rank & File

Unit: Office of the President / Office of the Assistant to the Group Chairman
Location: BGC, Taguig

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