Senior Executive

Job Description

By continuing to use and navigate this website, you are agreeing to the use of cookies. Accept Close Select how often (in days) to receive an alert: Select how often (in days) to receive an alert: Ludhiana, PB, IN, 141003 IOL CHEMICALS AND PHARMACEUTICALS LIMITED JOB DESCRIPTION POSITION TITLE : Senior Executive DEPARTMENT : Human Resource Management SUB- DEPTT : Human Resource Management JOB TYPE : Full time / Contract Job Req ID : 1540 Job Summary: The Senior Executive - HR will be responsible for managing and overseeing payroll processes, ensuring compliance with statutory regulations, and supporting HR operations efficiently. The role requires strong analytical skills, attention to detail, and expertise in payroll administration, HR operations, and employee data management. Key Responsibilities: Oversee the end-to-end payroll process, ensuring accuracy and compliance with company policies and legal regulations. Prepare, process, and validate payroll data, including salaries, bonuses, allowances, deductions, and statutory contributions. Coordinate with the finance team for payroll disbursement and reconciliation. Address payroll discrepancies and resolve issues in a timely manner. Maintain confidentiality and security of payroll data. Validation of GWR on a monthly basis. Time Management w.r.t. to Head Office members (On rolled & Retainers). Process Retainers and consultants bills as centralize. Monitor Loans and advances process in SAP. Other One-time payment and deductions in monthly Payroll. Validation of FBP and Car Bills. Compliance and Statutory Requirements: Ensure Payroll compliances i.e. including, Provident Fund, ESI, LWF Statutory Bonus etc. Manage and maintain payroll records for internal and external audits and inspections. Keep updated with changes in payroll regulations and implement necessary adjustments. Manage HRIS for accurate and updated employee data. Handle employee onboarding and offboarding formalities, including documentation and final settlements. Employee Insurance Administration: Administer employee insurance policies, including health, accidental, and life insurance. Handle claims processing, renewals, and updates in coordination with insurance providers. Communicate insurance policies and benefits to employees and address related queries. Maintain updated records of beneficiaries and policy details. Liaise with insurance brokers for policy enhancements and claim settlements. Reporting and Analysis: Generate monthly, quarterly, and annual payroll reports for management. Conduct variance analysis to identify discrepancies and recommend corrective measures. Provide data and insights for budgeting and cost management. Provide salary and head count details for board meeting on quarterly and annual basis. Qualifications and Skills: Education: Master s degree in Human Resources. Experience: Minimum of 3-6 years of experience in payroll management and HR operations. Technical Skills: Proficiency in payroll software (SAP) and MS Excel. Soft Skills: Strong analytical abilities, excellent communication, problem-solving skills, and attention to detail. Compliance Knowledge: Sound understanding of payroll regulations, labor laws, and statutory compliance.