Senior Payroll Specialist

2 weeks ago

Varanasi, Uttar Pradesh, India beBeePayroll Full time £ 40,000 - £ 53,000

Job Overview

We are seeking a detail-oriented professional to oversee payroll operations and provide strategic support to the HR and Finance departments.

Main Responsibilities:

  • Payroll Processing & Accuracy:
    • Ensure timely and accurate payment of wages, benefits, and bonuses.
    • Review payroll calculations, including hours worked, overtime, deductions, and allowances.
    • Resolve any payroll discrepancies or errors to ensure a smooth payroll run each cycle.
  • Compliance & Regulatory Adherence:
    • Ensure compliance with federal, state, and payroll laws and tax regulations, including wage and hour laws, tax withholdings, and reporting requirements.
    • Stay up to date with changes in tax laws, employee benefits regulations, and other payroll-related legislation.
    • Fulfill all mandatory government reports.
  • Payroll Reporting & Analytics:
    • Prepare and present accurate payroll reports for management, including summaries of payroll expenses, tax withholdings, and other related data.
    • Analyze payroll data and provide insights to senior management to assist with decision-making, budgeting, and forecasting.
    • Generate required statutory reports on time.
  • Employee Queries & Resolution:
    • Address escalated payroll-related issues and queries from employees and management.
    • Respond clearly and promptly to employee payroll inquiries, including tax calculations, deductions, and other payroll concerns.
  • Payroll Systems & Process Improvement:
    • Collaborate with HRIS and payroll software systems to ensure smooth payroll operations and data accuracy.
    • Identify opportunities to streamline payroll processes and recommend improvements for better efficiency and compliance.
    • Coordinate system upgrades or changes with IT and other departments.
  • Payroll Audits & Documentation:
    • Assist with internal and external payroll audits to ensure compliance with company policies and statutory regulations.
    • Maintain accurate and up-to-date payroll records and documentation for audits and reporting purposes.
  • Collaboration with Other Departments:
    • Work closely with HR, Finance, and other departments to ensure accurate integration of payroll-related data.
    • Support the Finance team in budgeting, forecasting, and financial reporting related to payroll costs.

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