Payroll Executive

1 week ago

Hyderabad, Telangana, India NowFloats Full time ₹ 4,00,000 - ₹ 8,00,000 per year

Company Description

At NowFloats, our mission is to enhance the local online discovery of small and medium businesses (SMBs) by effectively structuring the information they update. We use a patent-pending process called 'location-based SEO' to help SMBs get discovered locally. Our product offerings include both true organic discovery models with automated search engine optimization and hybrid models that combine organic methods with inorganic marketing boosters like Google Adwords and Facebook ads. Additionally, we offer RIA, a Relationship Intelligence Agent that helps businesses stay connected with their customers with minimal manual intervention.

Job description:

We are looking for a detail-oriented and experienced Payroll Executive to manage end-to-end payroll operations, ensure statutory compliance, and provide accurate payroll-related support to employees. The ideal candidate should have strong knowledge of payroll processes, HRMS systems, and Indian statutory laws.

Roles & Responsibilities:

  • Ensure timely and accurate processing of payroll across all locations/entities.
  • Manage complex pay structures, arrears, variable pay, reimbursements, and bonuses.
  • Accurate deduction and deposit of PF, ESI, TDS, PT, LWF, and other statutory contributions.
  • File monthly/quarterly/annual statutory returns on time (PF, ESI, Income Tax, etc.).
  • Keep track of labor law updates and ensure compliance.
  • Process payroll inputs for new hires, exits, promotions, transfers, and salary revisions.
  • Handle 
    full & final settlements
     (F&F) including gratuity, leave encashment, and notice pay.
  • Maintain accurate employee master database for payroll.
  • Coordinate with Finance for salary disbursement, journal entries, and GL reconciliation.
  • Ensure error-free bank transfers and accounting records.
  • Prepare payroll MIS and analytical reports for management.
  • Act as the SPOC for employee payroll queries.
  • Provide clarity on payslips, tax deductions, investment proofs, and CTC structure.
  • Support internal, external, and statutory audits.
  • Ensure zero non-compliance or penalties.
  • Maintain payroll documentation for audit trails.
  • Optimize payroll processes using HRMS/ERP systems.
  • Suggest improvements for reducing manual errors and improving efficiency.
  • Drive digitization of payroll and compliance records

Key Skills & Competencies

  • Strong knowledge of 
    Indian payroll laws & statutory compliance
    .
  • Proficiency in 
    MS Excel
     and HRMS/payroll software.
  • Analytical and detail-oriented with strong problem-solving skills.
  • Ability to handle confidential information with integrity.

Qualifications

  • Bachelor's degree in Commerce / HR / Finance (MBA in HR/Finance preferred).
  • Min 0-5 years of proven experience in payroll processing and compliance.

Job Types: Full-time, Permanent

Benefits:

  • Health insurance
  • Provident Fund

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