Payroll Manager (Male Candidates Only)

Manager - Payroll at Olectra, Hyderabad.

Job Title: Manager - Payroll

Company: Olectra Greentech Limited

Location: Hyderabad, Telangana, India

About Olectra:

Olectra Greentech Limited, a public listed company and a group company of MEIL, is a leading player in electric public transportation in India. With a focus on sustainable mobility solutions, Olectra is at the forefront of manufacturing and deploying electric buses across various states. We are committed to innovation, quality, and a greener future.

Job Summary: (Experience in SAP is a must)

We are looking for an experienced and dedicated Deputy Manager - Payroll to oversee and manage the end-to-end payroll operations for our growing workforce. The ideal candidate will have a strong understanding of Indian payroll laws and regulations, excellent analytical skills, and a proven ability to manage complex payroll processes accurately and efficiently. This role will be critical in ensuring timely and accurate disbursement of salaries, compliance with statutory requirements, and maintaining robust payroll systems.

Key Responsibilities:

Payroll Processing:

• Manage the full payroll cycle for all employees, ensuring timely and accurate processing of salaries, wages, bonuses, and other emoluments.
• Verify and process employee data changes, new hires, terminations, and leave requests that impact payroll.
• Calculate and deduct all statutory contributions (PF, ESI, Professional Tax, TDS) and other deductions accurately.
• Reconcile payroll data with HR records and financial statements.
• Generate and distribute payslips to employees.

Statutory Compliance:

• Ensure strict compliance with all relevant Indian labour laws and regulations, including but not limited to the Provident Fund Act, ESI Act, Professional Tax Act, Income Tax Act (TDS), and Payment of Wages Act.
• Prepare and file all necessary statutory returns (PF, ESI, TDS, Professional Tax) accurately and on time.
• Stay updated with changes in payroll legislation and ensure timely implementation.
• Reconciliation & Reporting:
• Perform monthly payroll reconciliations to ensure accuracy and resolve discrepancies.
• Generate various payroll reports for management, finance, and other departments as required.
• Assist in internal and external audits related to payroll.

System Management & Improvement:

• Utilize and optimize the existing payroll software/HRIS for efficient payroll processing.
• Identify opportunities for process improvements and automation within the payroll function.
• Collaborate with IT and HR teams for system enhancements and troubleshooting.

Employee Support:

• Address employee queries related to payroll, deductions, and tax matters in a professional and timely manner.
• Provide clear and accurate information to employees regarding their compensation and benefits.

Team Collaboration:

• Work closely with the HR and Finance departments to ensure seamless information flow and data accuracy.
• Mentor and guide junior team members, if any.

Qualifications:

• Bachelor's degree in commerce, Finance, Human Resources, or a related field.
• MBA/Postgraduate Diploma in HR/Finance is a plus.

Desired Profile:

• 10-16 years of progressive experience in payroll management, with at least 5-6 years in a supervisory or Deputy Manager role, preferably in a manufacturing or large-scale organization.
• In-depth knowledge of Indian payroll laws, statutory compliances (PF, ESI, PT, TDS), and labour regulations is essential.
• Proven experience with payroll software SAP is Must.
• Excellent proficiency in Microsoft Excel for data analysis and reporting.
• Strong analytical, problem-solving, and decision-making skills.
• High level of accuracy and attention to detail.
• Ability to handle confidential information with discretion.
• Excellent communication (written and verbal) and interpersonal skills.
• Ability to work independently and as part of a team in a fast-paced environment.

Interested candidates can send resume to hr@olectra.com