Payroll Executive
Payroll Executive
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Job Description
Qualifications & Experience
Bachelor s degree in HR Finance or related field
1 3 years of experience in payroll & benefits administration
Role Overview
The Payroll and Benefits Executive will oversee the endtoend payroll process ensuring compliance accuracy and timely processing. This role involves operational and administrative responsibilities including preparing and validating salary inputs handling statutory filings managing gratuity pension and postretirement benefits administering ESOS and resolving employee queries. The incumbent will collaborate with internal and external stakeholders to maintain efficient payroll operations.
Key Responsibilities
Payroll Operations
Manage and oversee the payroll process from input collection to salary disbursement.
Collate inputs from 25 units including new joiner details promotions salary revisions perquisite details etc. and validate inputs in the payroll system.
Coordinate with various stakeholders outsourced partners and finance team vendor to ensure timely and accurate payroll processing.
Ensure compliance with statutory regulations such as PT PF ESIC minimum wages and tax deductions.
Monitor payroll vendor performance and address discrepancies or issues promptly.
Review payroll and benefits reports ensuring accuracy and resolving discrepancies.
Manage the payroll helpdesk and address employee queries related to payroll tax calculations and benefits.
Benefits Administration
Administer employee benefits including PF gratuity pension and postretirement medical benefits.
Manage all aspects of the Employee Stock Option Scheme (ESOS) including grant vesting exercise and reporting of perquisite data in compliance with company policies and regulations.
System Management
Raise and manage system configuration change requests with payroll vendors.
Update component rule masters taxation rule masters and system settings as required.
Ensure seamless integration of HRMS with the payroll system.
Update and maintain relevant data in internal HRMS and other LTI systems.
Skills Required
Strong knowledge of payroll systems HRMS & Excel
Familiarity with statutory regulations & benefit policies
Excellent communication attention to detail and vendor management
Employment Type
Full Time
