Assistant Manager, Compensation & Benefits (Payroll)

Job Description

Title: Assistant Manager, Compensation & Benefits (Payroll)

Company Name: Multinational Companies

Vacancy: 1

Age: Na

Job Location: Mymensingh (Bhaluka)

Salary: Negotiable

Experience:

• 5 to 9 years
• The applicants should have experience in the following business area(s): Multinational Companies, Garments, Textile

• Bachelor's or Master's degree in Human Resource Management, Accounting, Finance, Business Administration, or a relevant discipline.

• Professional training in payroll management, labour law, HRIS, or compensation and benefits will be an advantage.

• 5 to 9 years
• The applicants should have experience in the following business area(s): Multinational Companies, Garments, Textile

• Supervise monthly payroll processing for workers, staff, executives, and management employees across assigned factory units.

• Ensure accurate and timely salary preparation, verification, approval, and disbursement.

• Monitor and reconcile attendance, absenteeism, leave, overtime, late attendance, night-shift allowances, and other payroll-related data.

• Verify attendance and payroll inputs received from biometric systems, time offices, HR, and respective departments.

• Ensure accurate calculation of basic salary, gross salary, overtime wages, attendance bonuses, incentives, allowances, deductions, and other applicable benefits.

• Ensure payroll practices comply with the Bangladesh Labour Act and Rules, applicable wage gazettes, and company policies.

• Maintain accurate employee master data, salary structures, bank/MFS payment information, and payroll records.

• Coordinate with Finance and Accounts to ensure timely salary disbursement and reconciliation of payroll expenses.

• Prepare and verify overtime statements, wage sheets, bank transfer files, payslips, and monthly payroll summaries.

• Monitor and process new joiners, resignations, terminations, transfers, promotions, increments, salary adjustments, and other employee status changes.

• Calculate and verify final settlements, including applicable notice pay, earned wages, leave encashment, and other payable benefits in accordance with applicable law and company policy.

• Ensure proper calculation and processing of maternity benefits and other statutory or company-provided benefits, as applicable.

• Monitor statutory deductions, tax deductions where applicable, provident fund, gratuity, and other authorized deductions.

• Reconcile headcount and payroll data with HR records, attendance reports, and approved manpower information.

• Investigate payroll discrepancies, employee salary complaints, attendance mismatches, and payment-related issues and ensure timely resolution.

• Maintain payroll confidentiality and implement appropriate controls to prevent unauthorized changes, duplicate payments, and payroll fraud.

• Prepare monthly payroll reports, overtime analysis, manpower cost reports, variance analysis, and other management reports.

• Support internal and external audits, customer compliance assessments, and statutory inspections by providing accurate payroll documentation.

• Develop and improve payroll SOPs, internal controls, reconciliation procedures, and reporting formats.

• Coordinate with HRIS/IT teams to improve payroll systems, biometric integration, data accuracy, and process efficiency.

• Supervise, coach, and develop payroll team members to ensure accuracy, accountability, and timely completion of payroll activities.