Compensation Benefits Manager

2 weeks ago

India Focus Edumatics Pvt Ltd Full time

Job Description

The role involves overseeing payroll operations to ensure accuracy and compliance. This includes validating payroll data, analyzing cycle statistics for process improvements, and conducting quality assurance on pay-related reports before disbursement. Collaborating in pay cycle meetings, supporting payroll processes in India, and maintaining the company's salary structure are integral responsibilities. Moreover, tasks include implementing robust payroll processes, managing leave and attendance systems, and computing taxes accurately. Supervising statutory payments, conducting compliance audits, resolving payroll queries, and handling year-end bonus payments and final settlements are also crucial duties. The ideal candidate should possess 6-10 years of payroll experience, proficiency in payroll software and MS Office, problem-solving abilities, and adaptability to fast-paced environments. Strong organizational, leadership, and communication skills are essential for success in this role.

KEY RESPONSIBILITIES

  • Validate assigned payroll queries to ensure payroll data is accurate before payroll processing.
  • Monitor payroll cycle statistics to determine process improvements.
  • QA of all the pay-related reports before disbursement.
  • Participate in pay cycle meetings to identify issues and provide solutions.
  • Provide support and participate in payrolls processed by the India team as appropriate Prepare and maintain company salary structure.
  • Responsible for implementing a robust payroll process.
  • Leave & attendance management system.
  • Ensure all inputs for salary are incorporated after validation and checks Tax Computation of staff. Correctly Computing components of payroll such as incentives or one-time payments.
  • Ensure salary credits are done on the one time.
  • Supervision of Statutory payments like PF, ESIC, Prof. Tax, etc.
  • Compliance Audit.
  • Checking of Variance in payroll and ensuring the correction of the same.
  • Payroll reconciliation.
  • Deal with payroll queries of employees.
  • Responsible for yearly payments of bonus and leave encashment.
  • Responsible for full and final settlements, payments of gratuity, etc
  • Responsible for the timely submission of payroll provisions to the accounts department.

SKILL SETS REQUIRED

  • 6-10 years experience with payroll in an integrated environment.
  • Familiarity with payroll software/ HRMS and MS Office (especially MS Excel)
  • Ability to analyze problems and provide solutions.
  • Excellent understanding of multi-location payroll and taxes
  • Ability to work in a high volume fast-paced environment.
  • Handle critical situations and pressure. Results and action-oriented to achieve quality results in extremely

tight timeframes.

  • Must have initiative, be a self-starter, fast learner, and team player. Willingness to learn.
  • Experience in payroll system is preferred Other Related Information:
  • Organizational and leadership skills

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