Compensation & Benefit ( Payroll ) - Specialist

Job Description - Compensation & Benefit ( Payroll ) - Specialist ( if interested share your resume at recruitment@gearinc.com )

Position Overview

Key Responsibilities:

1. Payroll Processing:

• Execute end-to-end payroll processing for employees, including accurate computation of salaries, incentives, bonuses, allowances, and deductions.
• To ensure accuracy, review and validate timesheets, attendance records, and other payroll-related data.
• Coordinate with HR and Finance teams to gather necessary information for payroll calculations and deductions.

1. Compensation and Benefits Administration:

• Administer employee benefits programs, including health insurance, retirement plans, and other perks, ensuring adherence to company policies and local regulations.
• Handle employee inquiries related to compensation and benefits, providing clear and accurate information.
• Assist in the development and implementation of compensation structures and strategies to attract and retain top talent.

1. Compliance and Reporting:

• Maintain up-to-date knowledge of local labor laws, tax regulations, and compliance requirements related to payroll and benefits.
• Prepare and submit required reports, filings, and documentation to relevant authorities as per legal obligations.

1. Data Management and Analysis:

• Maintain accurate and confidential employee records and payroll data, ensuring data integrity and security.
• Perform regular audits and reconciliations to identify and rectify discrepancies.
• Analyze payroll and compensation data to generate insights and recommendations for management decision-making.

1. Process Improvement:

• Identify opportunities for process optimization and efficiency enhancement within the payroll and benefits administration functions.
• Collaborate with HR and Finance teams to implement best practices and streamline workflows.

Qualifications:

• Bachelor's degree in Human Resources, Finance, Accounting, or a related field. Relevant certifications (e.g., Certified Payroll Professional, Certified Compensation Professional) are a plus.
• 8 Years of experience in payroll processing, compensation and benefits administration, or related roles.
• Strong understanding of Indian labor laws, tax regulations, and statutory compliance related to payroll and benefits.
• Proficiency in payroll software and MS Office applications (Excel, Word, PowerPoint).
• Excellent attention to detail, numerical accuracy, and problem-solving skills.
• Exceptional communication and interpersonal abilities to interact with employees at all levels.
• Ability to handle sensitive and confidential information with integrity and discretion.
• Strong organizational skills and the ability to manage multiple tasks simultaneously.