Payroll Executive – Full and Final Settlements

Job Description

About BDO India: BDO India is a part of the BDO global network, one of the largest professional services firms providing assurance, tax, advisory, and business consulting. At BDO, we are committed to building a high-performing and inclusive work environment that empowers our people and clients to succeed. Job Summary: The Full and Final (F&F) Settlement Executive is responsible for managing the end-to-end process of employee exit settlements, ensuring compliance with company policies and applicable labor laws. The role involves coordinating with multiple departments to ensure accurate calculations and timely disbursements of dues to exiting employees. Key Responsibilities: Process full and final settlement of exiting employees within defined timelines. Coordinate with HR and finance departments to collect all necessary inputs for settlements. Share F&F Inputs with payroll vendor and ensure getting the output from payroll vendor as per agreed TAT. Validate calculation shared by payroll vendor including salary dues, leave encashment, bonuses, gratuity, notice pay (recovery/payable), incentives, etc. Ensure compliance with statutory requirements such as PF, ESIC, TDS, and gratuity. Issue F&F statements and get confirmation from employees. Process F&F payments to employees within TAT. Maintain accurate records of settlements and ensure documentation is complete. Address and resolve any queries from employees regarding their F&F settlements. Support audits by providing required data and documentation. Monitor and update the F&F tracker/report for management review. Assist in improving F&F processes and reducing settlement turnaround time Requirements: Education: Bachelor's degree in Commerce, Business Administration, HR, or related field. Experience: 2-4 years of experience in payroll or HR operations, specifically in handling F&F settlements. Skills: Strong knowledge of labor laws and statutory compliance. Proficient in MS Excel and HR/payroll software. Attention to detail and high accuracy in financial calculations. Strong communication and interpersonal skills. Ability to work with cross-functional teams. Preferred Qualifications: Experience in a mid-to-large sized organization with high employee turnover. Knowledge of Indian employment laws. Certification in Payroll or HR operations is an added advantage. Experience in end to end payroll processing will be an added advantage Show more Show less