Senior Executive - Payroll

Position Title: Senior Executive – HR Payroll

Department: Human Resources

Level: Full time

Experience: 6+ years

Qualifications: Graduate/Postgraduate

Location: Mumbai

Shifts: 11:00 am to 9:00 pm (candidate should be flexible to work as per the business requirement)

Job Overview:

As the HR Payroll executive, you will be responsible for managing the payroll functions within the organization. This role requires a strong understanding of payroll processes, compliance with relevant regulations, and effective communication skills to collaborate with various departments.

Key Responsibilities:

Payroll Processing:

Manage end-to-end payroll processing, ensuring accurate and timely disbursement of salaries.

Review and validate payroll data, including timekeeping, benefits, and deductions.

Compliance:

Stay abreast of local, state, and federal payroll regulations to ensure compliance.

Implement changes in payroll processing systems as needed to adhere to new regulations.

Compliance – Internal and Statutory (PF, PT, ESIC, Labour welfare, Bonus etc) compliances.

Database Management:

Maintain and update employee payroll records, ensuring accuracy and confidentiality.

Implement and manage changes related to employee status, tax withholdings, and other payroll-related data, accurate employee database, e-employee records, employee files, Employee Record Keeping / Database Updation and Management

Communication and Support:

Act as a point of contact for employees regarding payroll-related inquiries.

Collaborate with HR teams to address payroll issues and provide support on related matters.

Reporting:

Generate and analyze payroll reports to support financial and HR-related decision-making.

Prepare reports for management, detailing payroll costs, overtime, and other relevant metrics.

Audits and Reviews:

Conduct regular audits of payroll data to identify and rectify discrepancies.

Collaborate with internal and external auditors during payroll audits.

System Management:

Oversee the functionality of payroll systems, ensuring they meet organizational needs.

Implement system updates and improvements to enhance efficiency.

Training and Development:

Train HR and other relevant staff on payroll procedures and compliance.

Provide guidance to employees on understanding their pay statements.

Qualifications:

Bachelor’s/ Master’s degree in human resources, Finance, or a related field.

Proven experience in payroll management, preferably in a leadership role.

In-depth knowledge of payroll regulations, tax laws, and compliance requirements.

Strong analytical and problem-solving skills.

Excellent communication and interpersonal skills.

Proficient in using payroll software and other relevant tools.

Attributes:

Attention to detail and accuracy.

Ability to maintain confidentiality and handle sensitive information.

Strong organizational and time-management skills.

Team player with the ability to collaborate across departments.

Adaptability to evolving payroll regulations and technologies.

The HR Payroll Manager plays a critical role in ensuring the accurate and compliant processing of payroll, contributing to the overall success of the organization and the well-being of its employees.

The Job responsibilities of the candidate shall include but not limited to the Job Description & to perform any other tasks/functions as required by the Company.