Escon Elevators - Payroll & Compliance Role (8-10 yrs)

Key Responsibilities:

Payroll Management:

- Process and oversee the entire payroll cycle, including data collection, validation, calculation, and disbursement.

- Ensure accurate computation of salaries, bonuses, incentives, and deductions (PF, ESI, PT, TDS, etc.

- Collaborate with the finance team to reconcile payroll accounts and address discrepancies.

- Prepare and distribute pay slips, tax documents, and salary certificates.

- Monitor and manage payroll systems to ensure timely and error-free execution.

Compliance and Statutory Management:

- Ensure adherence to statutory requirements, including PF, ESI, PT, LWF, Gratuity, Bonus Act, and other labor laws.

- File monthly, quarterly, and annual statutory returns on time.

- Manage employee tax declarations, exemptions, and filing of TDS returns.

- Conduct regular audits to ensure compliance with company policies and legal requirements.

- Keep up-to-date with changes in labor laws and compliance standards and implement necessary adjustments.

Employee Benefits Administration:

- Oversee the administration of employee benefits such as insurance, gratuity, and leave encashment.

- Handle queries related to payroll, statutory deductions, and employee benefits with clarity and efficiency.

Reporting and Documentation:

- Generate and present payroll and compliance reports to management for decision-making.

- Maintain accurate and confidential employee records, including contracts, tax declarations, and compliance documentation.

- Ensure proper documentation of policies, processes, and procedures related to payroll and compliance.

Process Optimization:

- Identify and implement improvements in payroll processes to enhance accuracy and efficiency.

- Automate repetitive tasks and integrate tools for seamless payroll and compliance operations.

Required Skills and Qualifications:

Educational Background: Bachelor's or Master's degree in Commerce, Finance, HR, or related fields.

- Professional certification in payroll management or labor law compliance is preferred.

Professional Experience: 8-10 years of hands-on experience in payroll processing and compliance management.

- Experience in managing payroll software and tools (e.g., SAP, Oracle, Tally, or KEKA).

Technical Skills:

- In-depth knowledge of payroll systems, statutory compliance, and labor laws.

- Proficiency in Excel for payroll calculations, reporting, and reconciliation.

- Familiarity with income tax laws, tax exemptions, and TDS processes.

Soft Skills:

- Excellent attention to detail and analytical skills.

- Strong communication and interpersonal skills for stakeholder management.

- Ability to handle sensitive and confidential information with discretion.

- Proactive approach to problem-solving and meeting deadlines in a fast-paced environment.

Preferred Qualifications:

- Working knowledge of HRMS tools and ERP systems for payroll and compliance.

- Experience in managing payroll audits and statutory inspections