Payroll Executive || Third Party Payroll

Role & responsibilities

Payroll Processing:

Manages tasks relating to payroll processing, such as calculating wages, deductions and taxes, ensure on time payment to employees and process companys payroll as per designated timelines

Determines organization's tax obligations by calculating national and council taxes as well as National Insurance contributions

Performs distribution of wages through issuance of paper checks or direct transfers to employees bank accounts

Form 16 & Taxation Processing:

Determines organization's tax obligations by calculating national and council taxes as well as National Insurance contributions

Provide correct Form 16 to employees as per government declared timeline

Record Maintenance & Grievance Resolution:

Resolve payroll-related issues and resolve employees pay related grievances along with honouring confidentiality of employees’ pay records

Manage Arrear Pay by coordinating requests for leave and other absences

Identifies, investigates, and resolves discrepancies in timesheet and payroll related records

Maintains payroll processing system and records by curating and processing data for record-keeping purposes and leadership review

Compliance Management:

Adheres to payroll policies, procedures and ensure compliance with local employment laws with regards to fair compensation practices (PF, ESIC, PT, LWF, Income Tax)

Supervises other payroll clerks and employees as and when needed, in regards to Payroll & Compliances

Full & Final Settlement:

Ensure authentication and time payment of F&F as per company policies (Leave Encashment, Gratuity, Notice Pay Recovery, Retention Bonus, Joining Bonus

Audit Support:

Extend support, relevant details and document to Internal as well as External Auditors