Job Purpose:
The Senior Executive – Payroll is responsible for ensuring the accurate, timely, and compliant administration of the organization’s end‑to‑end payroll processing. This role oversees data validation, tax compliance, benefits deductions, and year‑end reporting while serving as the primary point of contact for complex payroll inquiries.
Key Responsibilities
Payroll Processing & Administration
- End‑to‑End Execution: Oversee the preparation, verification, and processing of monthly/bi‑weekly payroll for all employees.
- Data Validation: Review and reconcile timekeeping data, overtime, bonuses, commissions, and unpaid leaves before final processing.
- Final Settlements: Calculate and process end‑of‑service benefits, severance, gratuities, and final settlements for exiting employees.
Compliance & Reporting
- Statutory Compliance: Ensure strict adherence to local labor laws, tax regulations, social security, pension schemes, and wage garnishments.
- Tax Filings: Prepare and submit accurate monthly, quarterly, and annual payroll tax returns.
- Internal Audits: Lead regular internal payroll audits and provide necessary documentation for external auditors.
- Financial Reporting: Generate monthly payroll variance reports, journal entries, and headcount reconciliations for the Finance team.
System Management & Support
- HRIS/Payroll Maintenance: Update and maintain employee profiles, salary adjustments, and bank details within the payroll system.
- Query Resolution: Act as the escalation point for complex employee queries regarding paychecks, taxes, and deductions, resolving issues promptly.
Qualifications & Experience
- Education: Bachelor’s degree in Accounting, Finance, Human Resources, or a related field.
- Experience: Minimum of 4–6 years of dedicated experience in payroll administration, preferably in a senior or specialist capacity.
- System Knowledge: Proficiency in prominent HRIS and payroll software (e.g., SAP, Oracle, Workday, ADP) and advanced knowledge of MS Excel (VLOOKUPs, Pivot Tables).
Key Skills & Competencies
- Attention to Detail: High level of accuracy in data entry and mathematical calculations.
- Confidentiality: Absolute discretion when handling sensitive financial and personal employee data.
- Regulatory Knowledge: Deep understanding of local labor laws, payroll tax structures, and statutory benefits.