Equentis - Manager - Payroll

4 weeks ago


Mumbai, India Equentis Full time

Title: Manager - PayrollLocation: MumbaiDepartment: Human ResourcesReports To: Head HRJob Summary:The Payroll Manager is responsible for overseeing the entire payroll process to ensure timely and accurate payment of salaries and compliance with all relevant laws and company policies.This role involves managing payroll staff, coordinating with HR and finance departments, maintaining payroll records, and handling tax and statutory reporting related to payroll.Key Responsibilities:- Manage and oversee the payroll function to ensure accurate and timely processing of employee salaries, bonuses, commissions, and deductions.- Ensure compliance with statutory requirements such as tax withholdings, social security contributions, and labor laws.- Coordinate with HR for timely updates on employee status changes (new hires, terminations, leaves, promotions, salary adjustments).- Maintain payroll records and ensure data integrity across payroll systems.- Prepare and submit periodic payroll reports to management and relevant government authorities.- Handle payroll inquiries and resolve any discrepancies or issues promptly.- Manage and mentor the payroll team to maintain high performance and continuous process improvement.- Collaborate with finance to ensure proper accounting for payroll expenses and accruals.- Stay updated on payroll legislation and best practices to ensure compliance and optimize processes.- Assist with audits and respond to inquiries from tax authorities and auditors.- Implement and maintain payroll software and systems.Qualifications & Skills:- Bachelors degree in accounting, Finance, Human Resources, or related field. MBA in a related field.- Proven experience in payroll management, preferably in a similar industry in Indian market only.- Strong knowledge of payroll regulations, tax laws, and statutory compliance.- Proficient with payroll software and HRIS systems (e.g., ADP, SAP, Oracle, Workday).- Excellent analytical, organizational, and problem-solving skills.- High attention to detail and accuracy.- Effective communication skills, both verbal and written.- Ability to maintain confidentiality and handle sensitive information (ref:iimjobs.com)



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