Payroll Executive

Job Title: Payroll Executive

Department: Payroll Department

Location: Hyderabad - Work from Office

Job Summary:

We are seeking a highly organized and detail-oriented Payroll Executive to join our Payroll team. The Payroll Executive will play a crucial role in ensuring accurate and timely payroll processing and compliance with relevant laws and regulations. The ideal candidate will have a strong background in payroll administration, a deep understanding of compliance requirements, and exceptional attention to detail.

Key Responsibilities:

• Payroll Processing:

  • Accurately process payroll for all employees on a regular basis.

  • Ensure timely distribution of paychecks and statements.

  • Handle any payroll adjustments, deductions, and corrections.

• Compliance Management:

  • Stay up-to-date with local, state, and federal payroll regulations and laws.

  • Ensure compliance with tax regulations, wage and hour laws, and other statutory requirements.

  • Assist in the preparation and filing of payroll tax returns.

• Data Management:

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

  • Verify timekeeping records and resolve any discrepancies.

  • Process new hires, terminations, and other employment changes in the payroll system.

• Benefits Administration:

  • Assist in the administration of employee benefits, including health insurance, retirement plans, and other perks.

  • Ensure deductions and contributions are accurately processed in payroll.

• Reporting and Analysis:

  • Generate payroll reports for management and finance teams.

  • Analyze payroll data to identify trends, discrepancies, and opportunities for improvement.

• Customer Service:

  • Provide excellent customer service to employees and respond to payroll-related inquiries.

  • Assist in resolving payroll-related issues and concerns.

• Team Collaboration:

  • Collaborate with the Payroll team to support department goals and initiatives.

  • Participate in special projects and process improvement efforts.

Qualifications:

• Bachelor's degree in accounting, finance, business, or a related field (or equivalent work experience).

• Proven experience in payroll administration and compliance, with a minimum of [1] year of experience.

• Strong knowledge of payroll software and HRIS systems (e.g. Darwinbox).

• Proficiency in Microsoft Excel and other relevant software applications.

• Excellent understanding of payroll tax regulations and employment laws.

• Exceptional attention to detail and accuracy.

• Strong organizational and time management skills.

• Effective communication and interpersonal abilities.

• Strong problem-solving skills and the ability to handle confidential information with discretion.

Preferred Qualifications:

• Certified Payroll Professional (CPP) or other relevant certification.

• Experience with multi-state payroll processing.

• Familiarity with Indian payroll and reporting.

Package: Upto 5 Lakhs

Work Location:Hyderabad

Working Days:6 days a Week