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Payroll Executive



Accounting & Finance
Kuala Lumpur, Malaysia
Posted on Tuesday, June 11, 2024

MoneyLion is a leader in financial technology powering the next generation of personalized products and content, with a top consumer finance super app, a premier embedded finance platform for enterprise businesses and a world-class media arm. MoneyLion’s mission is to give everyone the power to make their best financial decisions. We pride ourselves on serving the many, not the few; providing confidence through guidance, choice, and personalization; and shortening the distance to an informed action.

In our go-to money app for consumers, we deliver curated content on finance and related topics, through a tailored feed that engages people to learn and share. People take control of their finances with our innovative financial products and marketplace - including our full-fledged suite of features to save, borrow, spend, and invest - seamlessly bringing together the best offers and content from MoneyLion and our 1,100+ Enterprise Partner network, together in one experience. MoneyLion’s enterprise technology provides the definitive search engine and marketplace for financial products, enabling any company to add embedded finance to their business, with advanced AI-backed data and tools through our platform and API. Established in 2013, MoneyLion connects millions of people with the financial products and content they need, when and where they need it.

About the Role

The Kuala Lumpur office is the technology powerhouse of MoneyLion. We pride ourselves on innovative initiatives and thrive in a fast-paced and challenging environment. Join our multicultural team of visionaries and industry rebels disrupting the traditional finance industry!
MoneyLion is looking for a Payroll executive who has a strong numerical aptitude, excellent time management skills, and a detail-oriented working attitude to ensure that all transactions, reports, and submissions are completed within the time frame specified while understanding that you are handling sensitive information at all times. If youre also familiar with labour legislation, wed love to meet you. Ultimately, you will contribute to a smooth and accurate payroll process.

Key Responsibilities:

Implements and maintains payroll processing systems to ensure timely and accurate processing of payroll transactions including salaries, benefits, taxes, and statutory deductions.
Check and maintain the employee profile details, bank details, tax file numbers, tax scale, deduction, and other payroll information in the payroll system.
Monitoring & checking monthly summary reports for payroll closing.
Maintaining payroll operations by following policies and procedures as determined by the company and relevant the employment act.
Archiving all supporting documents as per payroll/retention policy and ensuring compliance with all audit requirements.
To maintain and monitor the employee health benefits platform.
To perform employee offboarding (CP22A & CP21 Tax Clearance).
To prepare the annual Form C return as well as the employees' CP8D and EA forms.
Maintain effective internal controls for the payroll and equity functions and proactively work with management to identify process improvements and gaps.
Serve as the primary point of contact for employee payroll-related questions and issues, providing timely and accurate responses.
Regularly perform internal audits of payroll processes and records to ensure accuracy and compliance, and implement corrective actions as needed.

Equity Compensation

Manage equity plans, including restricted stock units, options, and performance awards.
Ensure compliance with securities regulations and tax requirements.
Reconcile monthly equity activity and assist with the appropriate stock-based compensation entries.
Generate regular reports and analysis on equity compensation metrics, including vesting schedules, grant summaries, and tax withholding, to support decision-making by management and stakeholders.

About You:

● Possess at least an STPM / Diploma, in Human Resources Management/ Business Studies / Administration / Management or equivalent.
● Excellent knowledge of Malaysia payroll, the Employment Act, the employment taxation, statutory practices, and guidelines.
● It’s a plus if you have experience in equity payroll, including restricted stock and stock options.
● Exceptional communication and interpersonal skills.
● Minimum 2-3 years of payroll experience, preferably in a fast-growing technology company.
● Meticulous, pro-active, well-organized, and conscientious with a high level of initiative at work.
● Able to work under pressure in a fast-paced environment with minimal supervision.
● Strong analytical and problem-solving skills, with the ability to make well-thought-out decisions.
● Maintains the highest level of integrity and confidentiality in handling sensitive information.

What's Next...

After you submit your application, you can expect the following steps in the recruitment process:
1. Interview - Talent Acquisition Team (Virtual)

2. Take Home Assessment

3. Interview - Hiring Manager

What We Value

We value growth-minded and collaborative people with high learning agility who embody our core values of teamwork, customer-first and innovation. Every member of the MoneyLion Pride is passionate about fintech and ready to give 100% in helping us achieve our mission.

Working At MoneyLion

At MoneyLion, we want you to be well and thrive. Our generous benefits package includes:

  • Competitive salary packages
  • Comprehensive medical, dental, vision and life insurance benefits
  • Wellness perks
  • Paid parental leave
  • Generous Paid Time Off
  • Learning and Development resources
  • Flexible working hours

MoneyLion is committed to equal employment opportunities for all employees. Inside our company, every decision we make regarding our employees is based on merit, competence, and performance, completely free of discrimination. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. Within that team, no one will feel more “other” than anyone else. We realize the full promise of diversity and want you to bring your whole self to work every single day.