Payroll Executive

2 days ago

Mumbai, Maharashtra, India K Raheja Corp Full time ₹ 1,04,000 - ₹ 1,30,878 per year

Job Profile Summary:

We are looking for an experienced and detail-oriented Executive – HR Operations to oversee end-to-end payroll and employee benefits administration, including corporate health insurance, group term life insurance, and corporate NPS. The ideal candidate should have strong proficiency in SAP Payroll, statutory compliance, and employee life cycle management, with the ability to manage processes for a large employee base.

Key Responsibilities:

Payroll & HR Operations:

  • SAP Payroll: Mandatory hands-on experience in SAP Payroll, including configuration understanding and process execution.
  • Payroll Processing: Independently manage payroll for 3000+ employees across multiple payroll areas ensuring accuracy, statutory compliance, and timely disbursement.
  • Payroll Accounting: Reconciliation and coordination with finance for accurate payroll accounting and monthly closing.
  • Full & Final Settlement: End-to-end processing of final settlements, including notice period pay, leave encashment, and tax deductions.
  • Time & Leave Management: Oversee attendance, shift rosters, leave policy implementation, and related system maintenance.
  • Statutory Compliance:
  • Ensure accurate deductions and timely filings for EPF, ESIC, Professional Tax, and Labour Welfare Fund.
  • Handle complete salary income tax cycle: tax projections, TDS, Form 16, 24Q filing, and tax query resolution.
  • Reimbursements: Process reimbursement claims such as LTA, telephone, and other eligible allowances.
  • Audit Support: Collaborate with internal/external auditors and prepare payroll-related audit data and compliance documentation.
  • Actuarial Valuation: Coordinate with finance/actuarial teams on gratuity and leave encashment valuations.

Employee Benefits Administration:

  • Corporate Health Insurance:
  • Manage end-to-end group mediclaim policy lifecycle including renewals, addition/removal of members, claim support, and escalations.
  • Liaise with TPAs and insurers for smooth service delivery and employee grievance resolution.
  • Ensure communication and issuance of e-cards, policy circulars, and claims process awareness.
  • Group Term Life Insurance (GTLI):
  • Administer GTLI coverage as per policy eligibility and ensure accurate coverage mapping and claim coordination.
  • Coordinate with insurer for policy renewal, premium processing, and document submission.

Corporate NPS (National Pension System):

  • Oversee employee onboarding into the corporate NPS scheme, including PRAN generation and contribution upload.
  • Handle monthly reconciliations and statutory reporting in coordination with finance and NSDL/PFRDA.

Employee Experience & Query Management:

  • Act as a central point of contact for payroll and benefits queries with high responsiveness.
  • Conduct knowledge sessions and issue policy communication for better employee understanding.
  • Drive automation and process improvements across HR operations.

Desired Candidate Profile:

  • Minimum 5 years of experience in HR operations with strong exposure to payroll and employee benefits.
  • Must have hands-on experience in SAP Payroll.
  • Solid understanding of labour laws, income tax rules, and statutory compliance.
  • Experience in managing health insurance, GTLI, and corporate NPS is preferred.
  • Excellent Excel, analytical, and communication skills.
  • Proactive, dependable, and high level of confidentiality and integrity.

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