Payroll - Specialist

1 day ago

Kolkata, West Bengal, India Gear Inc Full time ₹ 6,00,000 - ₹ 12,00,000 per year

Job Description - Payroll Specialist ( if interested share your resume at )

Position Overview: As a Payroll - Compensation, and Benefits Specialist, you will be crucial in ensuring the accurate and timely payroll processing and effective management of employee compensation and benefits programs in compliance with local laws and company policies. Your role will involve collaboration with various internal departments and stakeholders to guarantee a seamless and efficient payroll process.

Key Responsibilities:

  1. Payroll Processing:

  2. Execute end-to-end payroll processing for employees, including accurate computation of salaries, incentives, bonuses, allowances, and deductions.

  3. To ensure accuracy, review and validate timesheets, attendance records, and other payroll-related data.

  4. Coordinate with HR and Finance teams to gather necessary information for payroll calculations and deductions.

  5. Compensation and Benefits Administration:

  6. Administer employee benefits programs, including health insurance, retirement plans, and other perks, ensuring adherence to company policies and local regulations.

  7. Handle employee inquiries related to compensation and benefits, providing clear and accurate information.

  8. Assist in the development and implementation of compensation structures and strategies to attract and retain top talent.

  9. Compliance and Reporting:

  10. Maintain up-to-date knowledge of local labor laws, tax regulations, and compliance requirements related to payroll and benefits.

  11. Prepare and submit required reports, filings, and documentation to relevant authorities as per legal obligations.

  12. Data Management and Analysis:

  13. Maintain accurate and confidential employee records and payroll data, ensuring data integrity and security.

  14. Perform regular audits and reconciliations to identify and rectify discrepancies.

  15. Analyze payroll and compensation data to generate insights and recommendations for management decision-making.

  16. Process Improvement:

  17. Identify opportunities for process optimization and efficiency enhancement within the payroll and benefits administration functions.

  18. Collaborate with HR and Finance teams to implement best practices and streamline workflows.

Qualifications:

  • Bachelor's degree in Human Resources, Finance, Accounting, or a related field. Relevant certifications (e.g., Certified Payroll Professional, Certified Compensation Professional) are a plus.
  • 8 Years of experience in payroll processing, compensation and benefits administration, or related roles.
  • Strong understanding of Indian labor laws, tax regulations, and statutory compliance related to payroll and benefits.
  • Proficiency in payroll software and MS Office applications (Excel, Word, PowerPoint).
  • Excellent attention to detail, numerical accuracy, and problem-solving skills.
  • Exceptional communication and interpersonal abilities to interact with employees at all levels.
  • Ability to handle sensitive and confidential information with integrity and discretion.
  • Strong organizational skills and the ability to manage multiple tasks simultaneously.

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