Manager Finance

Job Description

Responsibilities Oversee end-to-end payroll processing, ensuring salaries, bonuses, and deductions are accurately calculated and disbursed on time. Validate employee salary structures, deductions (PF, ESI, Professional Tax, TDS), and allowances in line with company policies. Providing Payroll inputs to the service provider, manage employee wise Gross Pay and Net Pay reconciliations, and review to ensure accuracy and compliance. Coordinate with HR team for employee onboarding, exits, and salary revisions for the payroll data. Address payroll discrepancies, ensuring timely resolution of salary-related concerns. Handling Employee salary taxation Ensure payroll compliance with Indian labor laws, including EPF, ESI, Gratuity, and Professional Tax. Salary accounting in ERP and reconciliations with GL Handling audits (Statutory, Tax and Internal) for the compensation data Stay updated with changes in tax regulations and labor laws, ensuring smooth implementation. Handle accurate calculation, deduction, and remittance of TDS, PF, ESI, LWF, and other statutory obligations. File periodic statutory returns (PF, ESI, TDS, etc.) with relevant government authorities. Liaise with auditors, tax consultants, and government bodies during audits or inspections. Manage payroll software, automation tools, and digital payroll systems to enhance efficiency. Maintain payroll records, ensuring data security and confidentiality. Streamline payroll processes, reduce errors, and improve operational efficiency through automation and best practices. Conduct regular payroll audits to identify and correct discrepancies. Manage employee benefits such as gratuity, leave encashment, medical reimbursements, and performance bonuses. Oversee salary structuring, ensuring tax-efficient pay components for employees. Coordinate with finance and HR teams for bonus payouts, incentive structures, and reimbursement claims. Assist in preparing payroll budgets and forecasts, analyzing salary expenses for financial planning. Generate payroll reports, including headcount costs, tax summaries, and compliance reports, for management review. Address employee queries regarding salary calculations, tax deductions, and benefits. Handle payroll grievances and resolve discrepancies in a timely manner. Conduct payroll-related training and awareness sessions for employees when necessary. Ensure payroll-related policies align with company and regulatory standards. Mitigate risks related to salary payments, fraud prevention, and payroll system security. Education / Qualifications B.com/M.com preferably with MBA (Finance) 12+ years of payroll experience, preferably in a finance function. Experience handling payroll in large organizations or multinational companies is advantageous. Strong knowledge of Indian payroll laws, tax regulations, and compliance requirements. Advanced knowledge in Excel and knowledge on Power BI is preferred Familiarity with Income Tax, PF, ESI, and labor laws. Strong analytical skills with experience in reporting and KPI tracking. Excellent communication and stakeholder management skills Working Knowledge on Microsoft Dynamics Business Central ERP (Navision)