Domnic Lewis Private Limited logo

Compensation & Benefit Executive

3 - 8 years

5 - 10 Lacs

Mumbai

Posted:9 months ago| Platform: Naukri logo

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Skills Required

Compensation & Benefit payroll software benefits administration statutory compliance payroll management compensation

Work Mode

Work from Office

Job Type

Full Time

Job Description

Job Summary: We are seeking a detail-oriented and experienced professional to join our team in managing payroll and compensation. The ideal candidate will oversee and process monthly payroll, ensuring data accuracy through system reconciliations and effective compensation data management. Additionally, the role involves handling third-party payments, ensuring statutory compliance, supporting operational needs, and preparing monthly MIS reports and dashboards.
Key Responsibilities:
  • Monthly Payroll:
  • Manage and process the monthly payroll for all employees, ensuring accuracy and compliance with company policies and legal regulations.
  • Address and resolve payroll-related issues promptly.
  • System Data Reconciliation:
  • Perform regular reconciliation of payroll and compensation data across systems to ensure accuracy and consistency.
  • Identify and resolve discrepancies in payroll and compensation data.
  • Third-Party Payments (e.g., Adecco):
  • Oversee and process payments to third-party vendors (e.g., Adecco).
  • Ensure all third-party transactions are properly documented and compliant with company policies.
  • Statutory Compliance:
  • Ensure all payroll activities adhere to local statutory regulations and requirements.
  • Prepare and submit statutory reports in a timely manner.
  • Compensation Data Management:
  • Maintain and update compensation data in the system, ensuring integrity and confidentiality.
  • Support the analysis and reporting of compensation trends.
  • Operational Support:
  • Provide operational support for various compensation and payroll-related activities.
  • Assist with the implementation of new processes and systems as needed.
  • Monthly MIS & Dashboards:
  • Prepare and maintain monthly MIS reports and dashboards that provide insights into payroll and compensation data.
  • Present data in a clear, actionable format to management.

    • Qualifications:
  • Bachelors degree/Diploma in Labour Laws or MBA
  • Proven experience in payroll management, compensation, and benefits administration.
  • Strong knowledge of payroll software and systems.
  • Excellent analytical and problem-solving skills.
  • In-depth knowledge of statutory compliance related to payroll and compensation.
  • High attention to detail and accuracy.
  • Ability to work independently and as part of a team.
  • Strong communication and interpersonal skills.

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