Payroll Specialist

2 days ago

Ajmer, Rajasthan, India beBeePayroll Full time ₹ 6,50,000 - ₹ 8,50,000
Job Opportunity: Payroll Associate

We are seeking an experienced and detail-oriented payroll professional to oversee our company's payroll operations.

This role involves ensuring timely and accurate payroll processing, compliance with relevant labor laws, and strategic support to the HR and Finance departments.

Key Responsibilities:

  1. Payroll Accuracy and Efficiency:
  • Manage end-to-end payroll processes, guaranteeing timely and accurate payment of wages, benefits, and bonuses.
  • Review payroll calculations, including hours worked, overtime, deductions, and allowances.
  • Monitor and resolve any payroll discrepancies or errors, ensuring a smooth payroll cycle each time.
  1. Compliance and Regulatory Adherence:
  • Ensure compliance with federal, state, and local 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.
  • Ensure the proper filing of payroll tax returns and any other mandatory government reports.
  1. Payroll Reporting and 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.
  • Guarantee the generation of required statutory reports on time.
  1. Employee Inquiries and Resolution:
  • Act as the primary point of contact for escalated payroll-related issues and queries from employees and management.
  • Provide clear and timely responses to employee payroll inquiries, including tax calculations, deductions, and other payroll concerns.
  1. Payroll Systems and Process Improvement:
  • Work 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 with IT and other departments to implement system upgrades or changes.
  1. Payroll Audits and 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 ensure proper documentation for audits and reporting purposes.
  1. Collaboration with Other Departments:
  • Collaborate with HR, Finance, and other departments to ensure the accurate integration of payroll-related data.
  • Support the Finance team in budgeting, forecasting, and financial reporting related to payroll costs.

Requirements:

  • Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
  • 4-6 years of experience in payroll processing.
  • In-depth knowledge of payroll procedures, taxation, and compliance.
  • Proficiency in payroll software (e.g., ADP, Workday, SAP) and HRIS systems.
  • Strong analytical skills with the ability to interpret payroll data and reports.
  • Excellent communication and interpersonal skills, with the ability to manage and resolve employee issues.
  • Strong attention to detail, accuracy, and organizational skills.

Preferred Skills:

  • Certification in Payroll (e.g., CPP - Certified Payroll Professional) is a plus.
  • Knowledge of additional software systems such as Microsoft Excel for payroll reporting and analysis.

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