Payroll Specialist - Outsourcing | Bangalore
About the Team
Our vision is to create a global HCM platform, augmented with a suite of AI apps to reimagine the power of talent management. To accomplish this, we are building a highly motivated team, having right mix of curiosity, expertise, and stamina to transform the space!
Position Overview:
We are seeking detail oriented and customer focused professionals to join our team as Payroll Processors/Executives.
The ideal candidates will be responsible for managing payroll processes, ensuring compliance, and providing excellent service to our clients.
Key Responsibilities:
Process and coordinate payroll and related procedures with high accuracy
Apply in-depth knowledge of benefits, compensation principles, income tax, and retirement plans
Maintain and update HRMS master data, with a focus on non-financial data integrity
Ensure compliance with statutory requirements related to payroll, including PF, ESI, Professional Tax, LWF, and TDS
Conduct thorough reconciliation between Paybooks application outputs and input data
Perform variance analysis to ensure payroll accuracy
Manage annual compliance reporting for salary-related statutory requirements
Address and resolve employee queries promptly and effectively
Review and approve changes in employee records, including exemptions, insurance coverage, savings deductions, job titles, and departmental transfers
Compile comprehensive reports on earnings, taxes, deductions, leave, disability, and non-taxable wages
