Senior Payroll Specialist

1 week ago


Delhi, Delhi, India Lighthouse Search OPC Pvt. Ltd. Full time
Company Description

Lighthouse Search OPC Pvt. Ltd. is an Executive Search and Selection firm established by Mr. Rajiv Burman in 2004. Specializing in the Telecom industry, our esteemed firm is guided by a distinguished Advisory Panel composed of highly respected corporate professionals. We offer competitive professional fees and deliver suitable profiles within one to three weeks of receiving an assignment. Our team of experienced professionals works across various functions and levels to assist organizations in building their teams.

Role Description:
This is a full-time position as a Senior Payroll Specialist based in Pune. The Senior Payroll Specialist will oversee payroll administration, garnishments, payroll services, payroll taxes, and payroll processing. The ideal candidate should have managed a minimum headcount of 20,000 employees.
Compensation Range: 25 to 35 plus V

Payroll Responsibilities:
- Reviewing payroll processing systems to ensure accurate and timely processing of all payroll transactions
- Ensuring accurate processing of payroll updates such as new hires, terminations, and pay rate changes
- Maintaining thorough records and reports of payroll transactions
- Ensuring compliance with payroll, wage, and statutory laws and best practices
- Facilitating audits by providing necessary records and documentation
- Maintaining a strong customer service focus to address employee queries and collaborate effectively with internal departments and external partners
- Identifying process improvements and driving efficiencies
- Preparing journal entries for payroll payments, accruals, and reconciling payroll accounts monthly
- Ensuring accurate settlements of exited employees within specified SLAs

Statutory Compliance Responsibilities:
- Developing, implementing, and maintaining processes to ensure compliance with labor laws, tax regulations, and statutory requirements
- Conducting regular audits to assess compliance levels and recommend improvements
- Providing guidance and training on compliance matters to HR and management teams
- Collaborating with legal counsel when necessary to resolve complex compliance issues

Notice Response Responsibilities:
- Serving as the main point of contact for legal notices, inquiries, and audits from regulatory bodies
- Reviewing and analyzing notices to determine the nature of the inquiry and devise an appropriate response strategy
- Coordinating with internal stakeholders to gather relevant information and draft responses within deadlines
- Ensuring all responses are accurate, comprehensive, and compliant with applicable laws and regulations

Only candidates from the Service industry such as BFSI, IT, Telecom, and Media should apply.

Qualifications:
- Proficiency in Payroll Administration, Payroll Services, and Payroll Processing
- Knowledge of Garnishments and Payroll Taxes
- Experience in managing payroll systems
- Strong attention to detail and accuracy
- Excellent organizational and time management skills
- Familiarity with MS Office and payroll software
- Understanding of labor laws and regulations
- Bachelor's degree in Finance, Accounting, or a related field

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