Account Executive

Company 3; Pune District; On-site; INR 700,000 - 1,100,000; Full time

Job summary

Company 3 in Pune, India, is seeking an experienced payroll professional to manage end-to-end monthly and annual payroll processing, coordinating with HR and stakeholders to ensure accurate closure and timely salary payouts.

The role emphasizes validating inputs, drafting pay sheets, handling statutory deductions, Form 16, e-TDS returns and preparing payroll MIS and balance sheet-related schedules.

Qualifications

• End-to-end payroll processing across monthly and annual cycles.
• Monthly payroll inputs validation and pay sheet preparation.
• Coordinate with HR and internal stakeholders for accurate payroll closure.

Responsibilities

• Process monthly and annual payroll end-to-end with accuracy.
• Validate HR inputs, payroll data, and draft pay sheets.
• Produce payroll MIS and management reports with cost insights.

Skills

Payroll processing

MS Dynamics 365 (D365)

Compliance & regulatory

Financial reporting & MIS

Variance analysis

Tools

Microsoft Dynamics 365 (D365)

Job description

• Manage end-to-end monthly and annual payroll processing, independently coordinating with HR and internal stakeholders to ensure accurate and timely payroll closure.
• Review and validate monthly HR inputs, payroll data and draft pay sheets, identify discrepancies and provide observations for timely correction.
• Coordinate with internal teams on all payroll-related activities, ensuring smooth and accurate salary processing.
• Manage salary payouts through online banking and cheque, ensuring timely and accurate disbursement.
• Handle Full & Final (F&F) settlements, including calculation, validation and timely payout.
• Prepare monthly payroll MIS and management reports, providing key insights into payroll costs, variances and trends.
• Manage salary-related accounting entries in Microsoft Dynamics 365 (D365) and maintain accurate payroll accounting records.
• Participate in accounting and financial reporting activities for India operations, particularly those related to payroll and employee costs.
• Ensure compliance with applicable PF, PT, TDS, ESIC, LWF, Gratuity, Leave Encashment, Furlough, NPS and employee tax-saving reimbursement requirements.
• Coordinate with consultants for Gratuity and Leave Encashment valuations, ensuring appropriate accounting and compliance.
• Manage Statutory Bonus and Discretionary Bonus provisions and payouts in line with applicable regulations and company policies.
• Ensure timely issuance of Form 16 and completion of quarterly and annual e-TDS returns.
• Perform monthly salary variance analysis and provide management with meaningful explanations and insights.
• Prepare monthly Profit & L0ss statements and Balance Sheet schedules, with specific focus on payroll and employee-cost-related accounts.
• Prepare and post allocation entries and maintain supporting workings and documentation.
• Prepare monthly Balance Sheet schedules and reconciliations to ensure accuracy and completeness of financial records.
• Prepare Budget vs. Actual reports and analyse significant variances.
• Support the Finance team in annual budgeting, forecasting and employee-cost planning.
• Prepare various monthly management reports and financial analysis to support business decision-making.
• Collaborate with Finance, HR and other stakeholders on cross-functional projects and process improvements within the India Finance function.
• Drive payroll controls, process accuracy, compliance, data integrity and continuous improvement across the payroll and accounting function.