Payroll Manager
1 week ago
Job Overview
The Payroll cum Compliance Manager will be responsible for overseeing and managing the end-to-end payroll functions for contract staff. This role combines payroll management with compliance oversight, requiring a thorough understanding of payroll systems, tax regulations, state and central compliance requirements and employment laws.
Primary Responsibilities
Payroll Management:
- Oversee the preparation and processing of the payroll on a timely basis for 1000+ contract employees.
- Ensure accurate calculation of wages, benefits, tax deductions, and other deductions.
- Maintain payroll processing system and records by gathering, calculating, and inputting data.
- Manage the on-boarding and exit formalities
- Resolve payroll discrepancies by collecting and analyzing information.
- Maintain payroll guidelines by writing and updating policies and procedures.
- Ensure compliance with all payroll-related laws and regulations.
- Respond to and resolve employee payroll inquiries and issues.
- Ensure 100% compliance with state and central laws by coordinating with the compliance partner and finance department on a timely basis.
Compliance Management:
- Ensure compliance with state,payroll, wage & laws and best practices.
- Stay current with payroll-related legislation and regulatory changes.
- Prepare and file required reports, including quarterly and annual payroll taxes.
- Manage internal and external audits related to payroll.
- Ensure the organization's payroll practices are compliant with labor laws and regulations.
- Advise management on compliance issues and recommend necessary actions.
- Implement and maintain internal controls to safeguard payroll operations.
Qualifications:
- Bachelor's degree in Accounting, Finance, Human Resources, or a related field.
- Minimum of 7+ years of experience in payroll and compliance management for various states in India.
- Strong knowledge of payroll software and systems.
- In-depth understanding of tax and employment laws.
- Excellent analytical and problem-solving skills.
- Strong organizational and time management skills.
- Excellent communication and interpersonal skills.
- High level of integrity and confidentiality.
Skills:
- Proficiency in payroll software
- Strong attention to detail and accuracy.
- Ability to work under pressure and meet tight deadlines.
- Knowledge of compliance best practices and regulatory requirements.
- Ability to handle sensitive information with discretion.
- Strong leadership and team management skills.
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