Payroll Specialist

2 weeks ago

Bangalore, India Infomatics Corp Full time

Key Responsibilities Payroll Processing & Disbursement - Process monthly payroll accurately and on time using internal payroll systems and client portals. - Ensure timely salary disbursement and distribution of payslips to employees. - Perform salary reconciliation to ensure correctness of payouts and statutory deductions. - Manage payroll adjustments including arrears, incentives, bonuses, and deductions. Leave & Attendance Management - Maintain and update employee leave and attendance records in payroll systems. - Administer leave enhancement policies in line with company guidelines. Full & Final Settlement (F&F) - Handle full and final settlements for resigned or terminated employees. - Calculate gratuity, leave encashment, recoveries, and applicable statutory deductions. - Ensure timely processing and proper documentation of settlements. Statutory Compliance & Documentation - Manage Provident Fund (PF) and other statutory compliance activities. - Handle insurance-related processes including employee onboarding, exits, and vendor coordination. - Coordinate with internal Chartered Accountant (CA) for payroll audits, tax filings, and compliance. - Ensure adherence to labor laws and statutory regulations. - Prepare, review, and maintain statutory audit documentation for clients. - Maintain accurate, confidential payroll records and employee data. Required Qualifications & Skills Education - Graduate in Commerce, Accounting, Business Administration, or a related field. Experience - 2-5 years of hands-on experience in payroll processing. Technical Skills - Experience working with payroll software and payroll portals. Knowledge - Strong understanding of payroll laws, PF, ESI, insurance, and labor compliance. - Experience handling full & final settlements and leave encashment. Soft Skills - High attention to detail and accuracy. - Ability to handle confidential information with integrity. - Strong coordination and communication skills. - Ability to meet deadlines and work effectively under pressure.

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