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Payroll Specialist
1 week ago
Payroll Specialist
Exela Technologies
Bangalore
Company Description:
Exela Technologies is a global leader in business process automation (BPA), providing digital transformation solutions to enhance quality, productivity, and end-user experience. With a presence in over 50 countries and serving more than 4,000 customers, including over 60% of the Fortune® 100, Exela offers a wide range of software and services in areas such as information management, workflow automation, integrated communications, and industry-specific solutions.
Position overview
A payroll specialist will ensure that employees of the organization receive accurate and timely payments.
Mandatory Requirement:
Team handling experience is mandate
Mandatory experience in India-to-India payroll processing.
End to end Payroll India experience – e.g. tax computations, local state regulation differences and govt. remittances towards tax and PF/Gratuity deductions.
Good manual computation exposure.
Managing a team of minimum 10-15 people specializing in Payroll.
Should have led or executed Transformation and process improvements initiatives.
Gross to Net Payroll Processing.
Payroll accounting experience.
Graduate or Post Graduate.
Minimum 10+ years of experience.
Roles & Responsibilities:
Processing payroll: This involves calculating employees' pay based on days worked, deductions, taxes and relevant benefits.
Maintaining payroll records: A payroll specialist maintains accurate records of all payroll transactions, including employee earnings, taxes and deductions.
Tax compliance: A payroll specialist calculates and ensures the on-time payment of all payroll-related taxes.
Benefits administration: A payroll specialist accounts for employee benefits, such as health insurance and retirement plans.
Monitoring compliance: A payroll specialist ensures the organization complies with all applicable laws and regulations related to payroll, taxes and benefits.
Responding to employee enquiries: A payroll specialist serves as the first point of contact for employees with questions or concerns about their salary, benefits or taxes.
Generating reports: They generate reports related to payroll expenses, taxes and other payroll-related data to help the organization make informed decisions.
*Candidates with relevant experience and immediate joining will be preferred.
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