Executive Payroll

Job description
Responsible for ensuring that employees are paid accurately and on time.
Maintaining Employee data, generating payroll reports, addressing discrepancies and resolving payroll related issues promptly.
Job Context
Data entry
Leave information
Tax benefits and calculations
Social Security Benefits
Recognition Pay Working
Key Accountabilities:
Maintaining accurate employee data for both Temp. and Permt. in the payroll system, including names, addresses, bank accounts, UAN, tax information, and pay rates
Processing bonuses, allowances, and deductions according to company policies and employment contracts
Check for necessary approvals/ emails for salary revision, designation change, promotion, transfer, etc
Preparing salary data including overtime, new employees detail, transfer, promotion, etc
Ensuring all calculations comply with local, state, and adhering legal and tax regulations and the draft and final sheet are as per the data shared
Preparing comparison report and getting necessary approvals before processing for payroll
Running payroll reports that summarize payroll activities and identify any discrepancies
Staying updated on tax regulations and making necessary adjustments to payroll withholdings
Generating reports for management on payroll costs and trends
Responding to employee inquiries and concerns regarding their paychecks and deductions
Maintaining confidentiality of sensitive employee data
Preparing various pay roll related reports to finance
Checking Statutory reports and submit it to finance
Preparing data for Full & Final working for left employees and processing gratuity for eligible left employees
Up-to-date record keeping meeting audit requirements
Ensure timely sharing of Insurance data for GMC, GPA and GTL for addition and deletion
Actively involved in payroll and insurance policy renewal process
Dimensions:
The role will be based at LEMT, Vadodara India.
If needed, the role will be extended for Nashik Plant too.
Secondary Activities / Tasks
Arrange awareness sessions on social benefits, tax related topics
To undertake business travel within India or abroad as and when required.

Experience Knowledge & Skills

Functional Competencies
Knowledge and understanding of payroll
Expertise in maintaining and updating employee data in the payroll system with accuracy and efficiency
Communicating clearly and concisely with employees regarding their CTC structure, LTA, and deductions
Adhere to compliance
Desirable

Ability to work independently and manage multiple task specially during peak payroll cycles.
Well-organized to meet deadlines.
Behavioural competencies
Excellent written and oral communication skills in English
Comfortable to travel for business requirement/need
Able to work independently or within a team
Maintain confidentiality
Well organised
Strategic thinker
Proactive
Other Requirements
B.Com/BBA/Diploma in Payroll Management
Minimum 4-5 years of experience
Role: Employee Relations - Other
Industry Type: Consumer Electronics & Appliances
Department: Human Resources
Employment Type: Full Time, Permanent
Role Category: Employee Relations
Education
UG: B.B.A/ B.M.S in Management, B.Com in Commerce
PG: Any Postgraduate
Key Skills
Report generationPayrollPayroll ExecutivePayroll managementComplianceStatutory reportingTaxationManagementData entryAuditing