Senior Payroll Specialist

Job description

Job Title: Senior Payroll Specialist Job Summary The Senior Payroll Specialist is responsible for the accurate and timely processing of payroll for employees in the Philippines while ensuring full compliance with all statutory, tax, labor, and regulatory requirements. This role serves as a subject matter expert for Philippine payroll legislation, government reporting, and statutory remittances, partnering closely with HR, Finance, external vendors, and government agencies to ensure payroll excellence and compliance. The ideal candidate possesses extensive experience in end-to-end payroll processing, deep knowledge of Philippine labor laws, taxation, and statutory requirements, and a proven ability to manage complex payroll activities in a fast-paced environment. Key Responsibilities Payroll Operations Process end-to-end payroll for employees in the Philippines, ensuring accuracy, completeness, and adherence to payroll calendars. Review payroll inputs including new hires, terminations, salary changes, allowances, deductions, overtime, leaves, and benefits. Validate payroll calculations and conduct pre- and post-payroll audits to ensure accuracy. Resolve payroll discrepancies and employee inquiries in a timely and professional manner. Coordinate with payroll vendors and internal stakeholders to ensure seamless payroll delivery. Statutory Compliance & Government Reporting Act as the primary payroll SME for Philippine statutory requirements. Prepare and validate monthly, quarterly, and annual statutory reports. Manage year-end processing activities. Monitor changes in payroll legislation and implement required updates in payroll processes and systems. Support government audits, regulatory reviews, and compliance assessments. Payroll Governance & Controls Maintain strong payroll controls and ensure compliance with company policies and local regulations. Identify risks and implement corrective actions to strengthen payroll compliance. Develop and maintain payroll process documentation, standard operating procedures, and controls. Stakeholder Management Partner with HR, Finance, Benefits, and Employee Relations teams to address payroll-related matters. Support employees with payroll, tax, and statutory-related concerns. Required Qualifications Education Bachelor's Degree in Accounting, Finance, Human Resources, Business Administration, or a related field. Experience Minimum 3- 5 years of payroll experience with at least 2 years handling Philippine payroll independently. Strong experience managing complex payroll operations and statutory compliance. Experience working in multinational organizations or shared services environments is preferred. Experience with payroll vendors and payroll systems (e.g., Workday, SAP, Oracle, ADP, CloudPay, or similar) is an advantage. Strong understanding of payroll accounting and reconciliations. Advanced Microsoft Excel skills including Pivot Tables, VLOOKUP/XLOOKUP, and data analysis. Preferred Qualifications Experience supporting payroll audits and compliance reviews. Experience in payroll transition, transformation, or system implementation projects. Career Stage: Senior Associate London Stock Exchange Group (LSEG) Information: Join us and be part of a team that values innovation, quality, and continuous improvement. If you're ready to take your career to the next level and make a significant impact, we'd love to hear from you. LSEG is a leading global financial markets infrastructure and data provider. Our purpose is driving financial stability, empowering economies and enabling customers to create sustainable growth. Our purpose is the foundation on which our culture is built. Our values of Integrity, Partnership , Excellence and Change underpin our purpose and set the standard for everything we do, every day. They go to the heart of who we are and guide our decision making and everyday actions. Working with us means that you will be part of a dynamic organisation of 25,000 people across 65 countries. However, we will value your individuality and enable you to bring your true self to work so you can help enrich our diverse workforce. We are proud to be an equal opportunities employer. This means that we do not discriminate on the basis of anyone’s race, religion, colour, national origin, gender, sexual orientation, gender identity, gender expression, age, marital status, veteran status, pregnancy or disability, or any other basis protected under applicable law. Conforming with applicable law, we can reasonably accommodate applicants' and employees' religious practices and beliefs, as well as mental health or physical disability needs. You will be part of a collaborative and creative culture where we encourage new ideas. We are committed to sustainability across our global business and we are proud to partner with our customers to help them meet their sustainability objectives. Our charity, the LSEG Foundation provides charitable grants to community groups that help people access economic opportunities and build a secure future with financial independence. Colleagues can get involved through fundraising and volunteering. LSEG offers a range of tailored benefits and support, including healthcare, retirement planning, paid volunteering days and wellbeing initiatives. Please take a moment to read this privacy notice carefully, as it describes what personal information London Stock Exchange Group (LSEG) (we) may hold about you, what it’s used for, and how it’s obtained, your rights and how to contact us as a data subject . If you are submitting as a Recruitment Agency Partner, it is essential and your responsibility to ensure that candidates applying to LSEG are aware of this privacy notice.