Sr. Executive - Payroll & Compliance

Job Description

A. Payroll 1. Responsible for error free running of payroll for PRESPL and its subsidiaries on a monthly basis in a timely manner (on-roll/off-roll employees). 2. Responsible for error free statutory component deductions of payroll (on-roll/off-roll employee) monthly. 3. Timely disbursement of salaries into respective on-roll employees (PRESPL & Subsidiaries) account without any error. 4. Responsible for Payroll, TDS, & restructuring of salaries during Annual Performance review. 5. Responsible for maintaining CTC structure master, attendance and leave Management of all locations and offices. 6. Responsible for sharing payroll data with the Finance Team as per their required format of Tally on a monthly basis. 7. Once Salary is disbursed and credited to employees account, issuance of Salary Slips entity wise immediately to all employees. 8. Prepare statutory bonus working on monthly basis after finalization of monthly payroll and segregate it in statutory bonus folder of that particular financial year. 9. Responsible for collection of payroll Inputs (attendance, OT, variable, any arrears, any deduction) from concerned SPOCs & after validation and freezing of monthly payroll share final salary registers with HR Head for further processing and approval of Management. 10. Ensuring all Legal Compliances of company e.g., Minimum Wages revision, Statutory Bonus revision and other changes from time to time. 11. Handling employees query pertains to payroll and attendance module. 12. Updating payroll software as an when any guideline of government comes for implementation. 13. Make sure 100% payroll compliance. 14. Month on month payroll reconciliation and variance report of on-roll & off-roll employees to be shared with HR Head. 15. Preparation of leave encashment and Gratuity actuarial data for financial year provisions. 16. Validation of contractors salary registers shared by Zonal HR on a monthly basis, once the validation is done give approval on email to Zonal HR for further process. 17. Handle all audit-related queries pertaining to payroll of On-roll & Off-roll employees e.g., External audit & Internal audit in coordination with HR Head. 18. Responsible for reimbursement benefits (Flexi), collection and verification of Investment proofs of employees at the time of year end activities for final calculation of Tax as per Income Tax Law. 19. Responsible for timely salary disbursement to an employees account. 20. MIS data preparation pertaining to payroll. 21. Responsible for timely filings of quarterly TDS Return before due dates. 22. Responsible for generation of error free Form 16 in a timely manner and sharing the form16 (Part A & Part B) with individual Employees. 23. Calculation and timely closure of full and final settlement. B . Compliance 1. Calculation of Full and Final Settlement for final release of employee and exit formalities. 2. Compliance and statutory payments to ESIC, PF, PT and other regulatory authorities. updating and renewal of Workmen Compensation Policy and payment. 3. Contract and licensing - timely renewal of all types of contractual papers, contract labor license. 4. Generate attendance reports monthly basis with leave calculation. Updating leave month wise - PL, CL and SL. 5. Knowledge and understanding of all the company policies and their practical application to provide advice and support to all staff. 6. Manage the payroll information for Off Role employees. 7. Manages and resolves employees issues. 8. Observe adherence to various HR Policies, such as Minimum Wages, equal remuneration policy. 9. Prepare and HR MIS report on monthly basis and update. 10. Process Payroll (Wages and Salary Administration), issue salary slips and yearly salary statements. 11. Promote a positive and open work environment where employees feel comfortable speaking up about issues. 12. Understand and adhere to all local Labor laws. Note : Should have handled payroll processing of Head Count - 400 No. s and well versed with HRMS Greythr. Job Location : Belapur, Navi Mumbai Work Experience : 6 - 8 Years Qualification : Graduate + MBA (HR)