Payroll Officer at Old Mutual Kenya

Job Description

Payroll Administration

• Updating monthly payroll inputs both items of earnings and deductions
• Preparation of monthly salary journals; loading salary journals in the financial system and following through with approvals and posting
• Preparation of payroll deductions and submitting the same to the payables team
• Preparation of statutory returns and submitting the same to the respective government bodies
• Preparation of third party reports/deduction schedules and submitting the same to the respective stakeholders
• Accurate assessment of loan applications for both company and SACCO loans
• Acquiring compliance certificates for NSSF & NHIF
• Staff loan creations and IC loan journals processing
• Managing staff loan accounts by ensuring proper records are maintained and reconciliations done monthly
• Preparation of staff loan statements
• Preparation of loan reports for management review
• Follow up and collection of outstanding liabilities from respective intermediaries and ex-staff
• Liaise with MIMO team and Treasury to ensure timely allocation of all payments received
• Ensuring deductions are posted in the UAP-OM Faulu bank account then subsequently to employee loan accounts
• Loan balances alignment between UAP-OM and Faulu
• Monthly salary ledgers and loan ledgers reconciliations, balance sheet substantiation and CIP attestations
• Facilitate Internal and External audits and ensure items identified in the audit process are addressed within the provided timelines

Skills

• Payroll, Payroll Administration, Reconciliations