Senior Executive- Payroll

Role & responsibilities

• Process payroll for employees on a regular basis, ensuring accuracy and timeliness. This includes calculating salaries, overtime, bonuses, deductions and full and final settlement of resigned employees etc.
• Maintain employee payroll data accurately in the payroll system, including new hires, terminations, changes in salary or benefits, and timekeeping records.
• Ensure compliance with all relevant legal regulations and tax laws related to salary processing.
• Prepare and submit payroll taxes and reports accurately and on time.
• Investigate and resolve payroll discrepancies and issues in a timely manner. Address employee queries regarding payroll matters professionally and promptly.
• Generate payroll reports as needed for management review, budgeting, and auditing purposes.
• Provide insights and analysis on payroll data as required.
• Maintain accurate and organized payroll records and files, ensuring confidentiality and security of sensitive information.
• Continuously evaluate payroll processes and identify opportunities for improvement in efficiency, accuracy, and compliance. Implement changes as approved.

Preferred candidate profile:

Education:

• Bachelors degree in accounting, Finance, Business Administration, or related field preferred.
• Strong understanding of payroll accounting, regulations, tax laws, and compliance requirements.
• Proficiency with payroll software and Microsoft Office Suite, particularly Excel.
• Excellent attention to detail and accuracy in data entry and calculations.
• Strong organizational and time management skills, with the ability to prioritize tasks effectively.
• Excellent communication and interpersonal skills, with the ability to work collaboratively in a team environment.
• Ready to work as an individual contributor.

Experience:

• 7 to 14 years of relevant experience and working as a payroll processor.

Skills:

• Process payroll for employees on a regular basis, ensuring accuracy and timeliness. This includes calculating salaries, overtime, bonuses, deductions and full and final settlement of resigned employees etc.