Executive - Compensation, Payroll & MIS
5 hours ago
RoleExecutive / Senior Executive – Compensation, Payroll & MISReporting to: Lead – C&B, PMSWorkplace ClassificationCorporate – Office (Bangalore)SECTION II: ROLE SUMMARY- Support the design, execution, and governance of payroll, compensation, and reporting processes to ensure accuracy, compliance, and timely insights for management.SECTION III: KEY RESPONSIBILITIES/ ACCOUNTABILITIESPayroll Processing- Handle end-to-end domestic payroll independently, ensuring accuracy in salary computation and payouts. - Manage inputs such as attendance, new joiners, exits, variable pay, and recoveries. - Ensure timely disbursement of salaries and coordinate with Finance for final payments. - Validate calculation logic for earning and deduction heads to ensure alignment with company policy. - Manage final settlements for resigned employees.Statutory Compliance- Compute and validate statutory deductions including PF, ESIC, Professional Tax, and Income Tax. - Prepare and file quarterly TDS return (Form 24Q) on behalf of employer and handle TRACES-related notices. - Maintain documentation for audits and compliance reporting. - Support year-end activities such as Form 16 issuance and tax reconciliation.MIS & Reporting- Prepare and maintain monthly payroll MIS, dashboards, and reconciliation reports. - Generate analytical reports for management review (headcount, cost trends, overtime, etc.). - Maintain accurate employee data and payroll master files in HRMS.Employee Support- Act as first point of contact for payroll and statutory deduction queries. - Coordinate with stakeholders to resolve payroll-related issues.Automation & Process Improvement- Identify and implement process improvements for better accuracy and efficiency. - Support digitization of reports, dashboards, and approvals.SECTION IV: KEY INTERACTIONSInternal StakeholderPurpose of InteractionHR Talent Acquisition & Business Partners- For employee data, onboarding, exits, issue resolution.Finance & Accounts- For TDS deposits, budgeting, reconciliations, and statutory filings.Shared Services Team- For system access, HRMS issues, and automation support.Employees- For payroll and tax-related queries.External StakeholderPurpose of InteractionStatutory authorities- EPFO, ESIC, Income Tax Department for compliance coordination.Auditors- For providing payroll and compliance data during reviews.SECTION V: KNOWLEDGE & EXPERIENCEKNOWLEDGEMinimum Qualifications :Bachelor’s degree in commerce / finance / HRLanguage Skills :English & HindiEXPERIENCEYears of Experience : 2-5 yearsNature of ExperienceEnd-to-end experience in HR operations, payroll management, compensation & benefits, statutory compliance Exposure to HR systems (SuccessFactors) is preferredSECTION VI: TECHNICAL & LEADERSHIP / BEHAVIORAL SKILLS REQUIRED TO EXECUTE THE ROLESKILLSTechnical/Functional/BehavioralSkills- Proficiency in Microsoft Excel and HRMS/payroll systems. (SuccessFactors preferred) - Working knowledge of statutory compliance basic accounting principles. - Strong attention to detail, data accuracy, and communication skills. - Ability to work collaboratively with multiple stakeholders.Immediate Joinee preferred. Pl share cvs to veena.jadav@ltsct.com
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