Payroll Specialist - Associate

Position Overview

Details of the Division and Team:

The Payroll Specialist is a key member of the payroll team ensuring the accurate and timely completion of the monthly payroll for Deutsche Bank Group and/or DWS companies in Singapore. The payroll team are responsible for the full spectrum of payroll processes, benefits administration, payroll-related accounts balance reconciliation, and various employment-related taxes and tax reporting.

What we will offer you:

A healthy, engaged and well-supported workforce is better equipped to do their best work and, more importantly, enjoy their lives inside and outside the workplace. That’s why we are committed to providing an environment with your development and wellbeing at its center.

You can expect:

• Flexible benefits plan including virtual doctor consultation services
• Comprehensive leave benefits
• Gender Neutral Parental Leave
• Flexible working arrangements
• 25 days of annual paid leave, plus public holiday & Flexible Working Arrangement

Your key responsibilities:

In this role, you will be responsible for expert support and service delivery for the Singapore payroll. Viewed as a payroll subject expert, you will have a key role leading the compliance, productivity and efficiency of the Singapore payroll

• Process end to end monthly inhouse Singapore payroll utilizing knowledge of payroll and tax legislation with a high level of accuracy
• Prepare manual payments outside the normal pay run for post pay payments i.e. payroll tax and manual termination payments
• Validate and reconcile payroll data processing including the calculation of wages, deductions, and payment of employees’ wages
• A dhere to payroll governance process and perform 4-eye checks (based on segregation on duties across the different team members)
• Perform payroll accounting including the monthly postings and adjustments
• Prepare monthly reconciliation of payroll clearing accounts and general ledger related activities for submission to risk management
• Prepare necessary activities to comply with employer’s obligation on leaver tax clearance and year-end tax reporting
• Assist in maintaining key operating documents of all key payroll processes, with periodic reviews to ensure regulatory requirements and system changes are maintained
• Liaising with payroll vendor in relation to system updates/ issues/ enhancements, raising tickets, user testing and confirming in production
• Actively engage and participate in global and regional projects / initiative with value accreditation to the client and to the organization
• Manages payroll queries from employees, managers and HR teams in a timely, and professional manner

Your skills and experience:

• At least 5 years of experience working on Singapore payroll
• Excellent attention to detail and organization/prioritization skills
• Ability to analyze data and information thoroughly and complete reconciliations

• Comfortable to work in a complex and matrix organization, with excellent teamwork and integrity
• Ability to manage multiple projects and competing priorities

• Anticipate needs and demonstrate proactive initiative with a strong service and ownership mindset
• Ability to maintain employee confidentiality at all times, able to work and use discretion with confidential information
• Strong knowledge of local payroll laws, tax regulations and statutory requirements relevant to payroll matters
• Working knowledge of SAP payroll and Workday system
• Experience in Account Reconciliation
• Good Excel, Word and PowerPoint; quick adaptability to systems, tools and processes
• Strong oral and written communication skills

Role is required to be performed on-site at One Raffles Quay office. Relevant vaccination requirements may apply.

How we’ll support you:

• Flexible working to assist you balance your personal priorities
• Coaching and support from experts in your team
• A culture of continuous learning to aid progression

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.
Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.
We welcome applications from all people and promote a positive, fair and inclusive work environment.