(Only 24h Left) Sr Executive

1 day ago

Bengaluru India Larsen & Toubro Limited Full time

Job Description SECTION I: BASIC INFORMATION Job Function Human Resources Role Executive / Senior Executive - Compensation, Payroll & MIS Reporting to: Lead - C&B, PMS Workplace Classification Corporate - 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/ ACCOUNTABILITIES Payroll 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 INTERACTIONS Internal Stakeholder Purpose of Interaction HR 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 Stakeholder Purpose of Interaction Statutory authorities EPFO, ESIC, Income Tax Department for compliance coordination. Auditors For providing payroll and compliance data during reviews. SECTION V: KNOWLEDGE & EXPERIENCE KNOWLEDGE Minimum Qualifications Bachelor's degree in commerce / finance / HR Language Skills English & Hindi EXPERIENCE Years of Experience 2-5 Nature of Experience End-to-end experience in HR operations, payroll management, compensation & benefits, statutory compliance Exposure to HR systems (SuccessFactors) is preferred SECTION VI: TECHNICAL & LEADERSHIP / BEHAVIORAL SKILLS REQUIRED TO EXECUTE THE ROLE SKILLS Technical/Functional/Behavioral Skills - 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.

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