Senior Payroll Specialist - Outsourcing | Bangalore
About the Team
Our vision is to create a global HCM platform, augmented with a suite of AI apps to re-imagine 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
o Process and coordinate payroll and related procedures with high accuracy
o Apply in-depth knowledge of benefits, compensation principles, income tax, and retirement plans
o Maintain and update HRMS master data, with a focus on non-financial data integrity
o Ensure compliance with statutory requirements related to payroll, including PF, ESI, Professional Tax, LWF, and TDS
o Conduct thorough reconciliation between Paybooks application outputs and input data
o Perform variance analysis to ensure payroll accuracy
o Manage annual compliance reporting for salary-related statutory requirements
o Address and resolve employee queries promptly and effectively
o Review and approve changes in employee records, including exemptions, insurance coverage, savings deductions, job titles, and departmental transfers
o Compile comprehensive reports on earnings, taxes, deductions, leave, disability, and non-taxable wages
