Payroll Specialist

🚀Exciting Job opportunity in one of the leading hotel chains in India!🚀

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📍Location:

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Qualifications & Experience

• Bachelor’s degree in HR, Finance, or related field
• 1–3 years of experience in Indian payroll & benefits administration

Role Overview

The Payroll and Benefits Executive will oversee the end-to-end payroll process, ensuring compliance, accuracy, and timely processing. This role involves operational and administrative responsibilities, including preparing and validating salary inputs, handling statutory filings, managing gratuity, pension and post-retirement benefits, administering ESOS, and resolving employee queries. The incumbent will collaborate with internal and external stakeholders to maintain efficient payroll operations.

Key Responsibilities:

Payroll Operations

• Manage and oversee the payroll process from input collection to salary disbursement.
• Collate inputs from 25+ units including new joiner details, promotions, salary revisions, perquisite details, etc., and validate inputs in the payroll system.
• Coordinate with various stakeholders – outsourced partners and finance team vendor – to ensure timely and accurate payroll processing.
• Ensure compliance with statutory regulations such as PT, PF, ESIC, minimum wages, and tax deductions.
• Monitor payroll vendor performance and address discrepancies or issues promptly.
• Review payroll and benefits reports, ensuring accuracy and resolving discrepancies.
• Manage the payroll helpdesk and address employee queries related to payroll, tax calculations, and benefits.

Benefits Administration

• Administer employee benefits including PF, gratuity, pension, and post-retirement medical benefits.
• Manage all aspects of the Employee Stock Option Scheme (ESOS), including grant, vesting, exercise, and reporting of perquisite data in compliance with company policies and regulations.

System Management

• Raise and manage system configuration change requests with payroll vendors.
• Update component rule masters, taxation rule masters, and system settings as required.
• Ensure seamless integration of HRMS with the payroll system.
• Update and maintain relevant data in internal HRMS and other LTI systems.

Skills Required

• Strong knowledge of payroll systems, HRMS & Excel
• Familiarity with statutory regulations & benefit policies
• Excellent communication, attention to detail, and vendor management