Executive - Compensation, Payroll & MIS

4 days ago

Bangalore, India L&T Semiconductor Technologies Full time

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 years 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. Immediate Joinee preferred. Pl share cvs to

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