The Specialist, Payroll & Compliance administers and executes effective and timely payroll processing and ensures that the Firm is fully compliant with the applicable labor laws of India. The Specialist, Payroll & Compliance maintains the payroll documentation and reporting. The individual will be the sole responsibility holder for all the cr ...
oss-functional collaboration and preparation of the payroll inputs as well as for liaising with the local payroll vendor and internal legal team to fulfill all the tasks and duties towards labor law compliances. This position requires a high attention to detail, collaboration, and time management. The role lies under the hierarchy of Total Rewards team and the individual may, as and when required, get an opportunity and/or responsibility to work on Firm’s Employee Benefits and Compensation requirements.
The Specialist, Payroll & Compliance stays updated with the statutory laws and amendment, ensure that the company is compliant with the new change in rules and also regularly being compliant on all aspects."
Create a positive team member experience and engagement.
Client:
Exemplifies customer service orientation and effective verbal and written communication skills.
Value:
Payroll Administration:
Assists with managing post-payroll reporting for domestic payroll.
Enters payroll information into third-party systems, such as pension contribution detail.
Conducts benefit deduction audits against the payroll deduction data.
Provide support for other payroll administration functions as needed, such as timekeeping and garnishments.
Compliance and Reporting:
Prepares routine and ad-hoc reporting as requested by management.
Maintains and recommends improvements to processes, procedures, and documentation to ensure efficiency and effectiveness of record keeping.
Participates on committees and special projects and seeks additional responsibilities.
Performs other duties as needed.
Statutory Compliance:
Maintain monthly reconciliations of Statutory and Compliance data.
Timely closure of all Notices ESIC, PF & Labor Law Notices and advice the management.
Maintain data for internal and external audit on monthly basis.
Responsible for Labor Law compliance at PAN India level like Minimum Wages Act, Shop &; establishment Act, Maternity Act, Bonus Act, Gratuity Act, Equal Remuneration Act, LWF other act which are applicable as per law as well as yearly, half yearly returns submission to concern department.
Check salary related compliances and highlight issues to team.
Monitor and present regulatory reporting issues, including analyzing and summarizing status from various sources and monthly update on reporting to management.
Dashboard to be published to the legal team reflecting Statutory activities.
Work closely with payroll vendor to review all departmental policies for compliance issues, Handling of Statutory Audits
Knowledge about the New wage code.
Benefits & Compensation:
Coordinates and supports benefit enrollment process for new employees and current employee benefit events.
Review, validation and approval of information in the Human Resources Information System (“HRIS”), to process benefit elections ensuring a smooth and positive experience to employees.
Education and Experience:
Graduate or post-graduate with specialization in Human Resources domain.
4-6 years of experience in payroll processing and labor compliance required.
Strong analytical and logical problem-solving skills, ability to balance multiple projects at the same time in a fast-paced environment.
Ability to take complex payroll, compliance and statutory compliances and ensure 100% compliance.
Attention to detail, organization skills and professionalism.
Demonstrated leadership experience and strong personal integrity.
Computer Skills:
To perform this job successfully, an individual must have intermediate knowledge of Microsoft® Word, Advanced Excel, PowerPoint, HRMS, Outlook, and Internet navigation and research.
Supervisory Responsibilities:
This position has no supervisory responsibilities. But depending on the need might have team members assigned in future.
experience
6
