Payroll Specialist

3 weeks ago


Bangalore Metropolitan Area, India Deconstruct Full time

Job Title: Payroll Specialist

Job Overview:

We are seeking a detail-oriented Payroll Specialist to manage end-to-end payroll processing, ensuring compliance with tax regulations and company policies. This role involves handling payroll accounting, reconciliations, audits, and reporting, ensuring accurate and timely disbursement of salaries. The ideal candidate should have a strong understanding of payroll tax laws and the ability to resolve payroll discrepancies efficiently.

Key Responsibilities:

1. Payroll Processing & Compliance:

  • Execute payroll operations, ensuring accuracy and compliance with statutory regulations.
  • Process salary, tax deductions, benefits, and incentives in a timely manner.
  • Maintain accurate payroll records and ensure proper documentation.

2. Taxation & Audits:

  • Ensure payroll tax calculations, filings, and remittances are accurate and timely.
  • Collaborate with auditors and finance teams for payroll-related audits.
  • Stay updated with changes in tax laws and labor regulations.

3. Payroll Reconciliation & Issue Resolution:

  • Reconcile payroll transactions and resolve discrepancies.
  • Address employee queries related to payroll, tax deductions, and benefits.
  • Conduct payroll data analysis to improve accuracy and efficiency.

4. Reporting & Documentation:

  • Prepare payroll reports for internal and external stakeholders.
  • Maintain compliance documentation for audits and regulatory requirements.
  • Support financial planning and budgeting through payroll insights.

Qualifications:

  • Bachelor's/Master's degree in Finance, Accounting, HR, or a related field.
  • 4-6 years of experience in payroll processing and compliance.
  • Strong knowledge of payroll tax laws and statutory regulations.
  • Proficiency in payroll software and MS Excel.
  • Excellent analytical and problem-solving skills.
  • Ability to manage confidential information with discretion.


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