Payroll Specialist

9 hours ago

Hyderabad, Telangana, India Abacus Service Full time ₹ 12,00,000 - ₹ 15,00,000 per year

Job Title: Payroll & Compliance Executive / Lead Payroll / specialist - payroll (Finance-Driven)

Location: Hyderabad

Industry: Staffing & Recruitment (General/Blue/Grey Collar Workforce)

Employment Type: Full-time

Job Summary:

We are seeking an experienced Payroll & Compliance professional with a strong finance background to manage high-volume payroll operations in the general staffing industry. The ideal candidate will be responsible for ensuring accurate payroll processing, statutory compliance, financial reconciliation, and vendor management while supporting a large-scale contract workforce.

Key Responsibilities:

Payroll Management (Finance-Driven):

  • Process end-to-end payroll for 2,000 - 5,000+ contract employees on a monthly/multi-frequency basis.
  • Validate attendance, overtime, shift allowances, and deductions with strong financial accuracy.
  • Reconcile payroll registers with finance ledgers and bank statements.
  • Coordinate with finance teams to ensure timely salary disbursement, fund transfers, and audits.
  • Ensure proper taxation (TDS, Professional Tax) and year-end financial reconciliations.

Compliance & Statutory:

  • Handle all statutory compliances: PF, ESI, PT, LWF, Gratuity, Bonus Act etc.
  • File returns and ensure remittances are done within stipulated timelines.
  • Maintain compliance dashboards and prepare data for internal & client audits.

Financial Controls & Reporting:

  • Prepare monthly payroll MIS, variance reports, cost analysis, and reconciliation statements.
  • Support budgeting, cost optimization, and financial planning for staffing payroll.
  • Partner with auditors to ensure 100% accuracy in payroll and compliance records.

Vendor & Client Coordination:

  • Coordinate with external payroll vendors and statutory consultants.
  • Work with client SPOCs for attendance, invoicing, and payroll-related queries.
  • Manage background verification, insurance, and payroll outsourcing vendors.

Employee Query Management:

  • Act as the first point of contact for payroll-related queries.

Key Skills & Competencies:

  • Strong knowledge of Finance-driven payroll & compliance
  • Deep understanding of Indian labor laws & statutory norms
  • Hands-on experience in General Staffing payroll (blue/grey collar workforce)
  • Excellent analytical, reconciliation, and financial reporting skills
  • Proficiency in Payroll Software, HRMS, Excel, and Compliance Portals
  • Strong interpersonal and stakeholder management skills

Qualification & Experience:

  • Graduate/Postgraduate in Commerce, Finance, HR, or related field
  • 3 -7 years of experience in Payroll & Compliance within staffing/manpower industry
  • Preferred: Experience in handling large-scale workforce payroll (2,000+ employees)Role & responsibilities

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