Payroll Executive

2 weeks ago

Hyderabad Telangana India, Telangana NowFloats Full time

Company DescriptionAt NowFloats, we aim to enhance the online visibility of small and medium businesses (SMBs) using innovative techniques like 'location-based SEO,' which ensures local discovery for end consumers. One of our offerings utilizes an organic discovery model with automated search engine optimization, while another combines organic techniques with tools like Google Ads and Facebook Ads for immediate results. Our services also include RIA, a Relationship Intelligence Agent that enables businesses to stay connected with customers with minimal effort. Our mission is to empower SMBs to maximize their digital presence and grow their reach effectively.Job description:We are looking for a detail-oriented and experienced Payroll Executive to manage end-to-end payroll operations, ensure statutory compliance, and provide accurate payroll-related support to employees. The ideal candidate should have strong knowledge of payroll processes, HRMS systems, and Indian statutory laws.Job descriptionRoles & Responsibilities:Ensure timely and accurate processing of payroll across all locations/entities.Manage complex pay structures, arrears, variable pay, reimbursements, and bonuses.Accurate deduction and deposit of PF, ESI, TDS, PT, LWF, and other statutory contributions.File monthly/quarterly/annual statutory returns on time (PF, ESI, Income Tax, etc.).Keep track of labor law updates and ensure compliance.Process payroll inputs for new hires, exits, promotions, transfers, and salary revisions.Handle full & final settlements (F&F) including gratuity, leave encashment, and notice pay.Maintain accurate employee master database for payroll.Coordinate with Finance for salary disbursement, journal entries, and GL reconciliation.Ensure error-free bank transfers and accounting records.Prepare payroll MIS and analytical reports for management.Act as the SPOC for employee payroll queries.Provide clarity on payslips, tax deductions, investment proofs, and CTC structure.Support internal, external, and statutory audits.Ensure zero non-compliance or penalties.Maintain payroll documentation for audit trails.Optimize payroll processes using HRMS/ERP systems.Suggest improvements for reducing manual errors and improving efficiency.Drive digitization of payroll and compliance recordsKey Skills & CompetenciesStrong knowledge of Indian payroll laws & statutory compliance.Proficiency in MS Excel and HRMS/payroll software.Analytical and detail-oriented with strong problem-solving skills.Ability to handle confidential information with integrity.QualificationsBachelor’s degree in Commerce / HR / Finance (MBA in HR/Finance preferred).Min 0-5 years of proven experience in payroll processing and compliance.Job Types: Full-time, PermanentBenefits:Health insuranceProvident Fund

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