Assistant Manager / Manager - Payroll & Compliance

Job overview

We are seeking an experienced and detail-oriented Payroll, Compensation, and Benefits Manager to oversee the end-to-end payroll processing, employee benefits, HR compliance, and related activities. The ideal candidate need to have in-depth knowledge of statutory regulations, payroll systems, and HR compliance, with a strong ability to optimize processes and deliver high-quality results. This role will also involve data analysis and strategic planning to enhance payroll efficiency and accuracy, ensuring that all compensation and benefits functions align with legal requirements and company policies.

Key Roles & Responsibilities

Payroll, Compensation and Benefit Management:

• Handle end-to-end payroll input processing, ensuring accuracy, timeliness, and compliance with statutory regulations.
• Work closely with payroll processing partners/vendors and coordinate with finance to ensure on-time payroll disbursement.
• Ensure accurate processing of deductions, incentives, reimbursements, leave, gratuity, and taxation.
• Manage the health and insurance coverage for the workforce, ensuring coverage and compliance.
• Respond promptly to employee queries regarding payroll, benefits, deductions, and other related matters.

HR Compliance:

• Maintain and update employee records, contracts, and documentation in line with legal requirements and company policies.
• Demonstrate expertise in PF, TDS, LWF, PT, Gratuity, and other relevant statutory requirements. Ensure timely submission of all returns and challans.
• Collaborate with legal teams and external auditors for HR audits and compliance checks.
• Serve as a liaison with government agencies such as PF, ESI, and other external agencies.
• Work with external salary processing agencies to ensure seamless payroll execution and resolve any discrepancies or issues.

Process Improvement:

• Continuously assess and improve payroll processes, incorporating best practices and automation to enhance efficiency and accuracy.

HR Analytics:

• Analyze payroll and HR data to identify trends, optimize costs, and produce insightful reports.
• Assist in annual payroll increments cycles, ensuring smooth execution and adherence to company policies.
• Proficient in Microsoft Suite (Excel, PowerPoint, Word) for data analysis, reporting, and presentations.

Experience (in years)

• Minimum 8 years of managing payroll for a large workforce (1000-2000 employees) preferably in development sector.

Skill

• Liaison and networking skill
• Interpersonal relationship
• Communication and presentation
• Excellence in MS-Excel (Must), Word

Qualification

MBA/PGDM in HR (Certification in Labour Laws will be an added advantage)