Finance Payroll Specialist

Paytm Payments Services; Dadri; On-site; INR 600,000 - 900,000; Full time

Job summary

Paytm Payments Services seeks a Payroll Finance professional to manage payroll accounting, compliance, and reporting. You will coordinate with HR, finance, and vendors to ensure accurate salary processing and regulatory adherence.

The role requires 2–6 years in payroll finance, strong ERP experience (SAP/Oracle/PeopleStrong), and meticulous handling of confidential data. Join a dynamic shared-services environment and contribute to payroll excellence.

Qualifications

• CA Inter / CMA / MBA (Finance) / B.Com degree required
• 2–6 years of experience in payroll finance or payroll accounting
• Experience with ERP systems (SAP / Oracle / PeopleStrong or similar)
• Strong understanding of payroll accounting and statutory compliance
• Ability to handle confidential information with attention to detail

Responsibilities

• Review monthly payroll inputs such as new joiners, exits, salary revisions, bonuses, and deductions.
• Validate payroll reports before processing payments and ensure timely salary disbursement.
• Record monthly payroll accounting entries in ERP and reconcile payroll GL accounts.
• Maintain payroll cost center allocations and ensure accurate financial reporting.
• Ensure compliance with PF, ESI, PT, TDS and other labour regulations; coordinate audits.
• Prepare payroll MIS reports and assist with cost forecasts and budgeting.
• Support internal and statutory audits and maintain payroll documentation.
• Collaborate with HR, payroll vendors and finance to resolve payroll issues.

Skills

Payroll accounting

Statutory compliance

Reconciliation & analytics

Data confidentiality

ERP exposure (SAP/Oracle/PeopleStrong)

Education

CA Inter / CMA / MBA (Finance) / B.Com

Tools

SAP

Oracle

PeopleStrong

Job description

Job Summary

The Payroll Finance role is responsible for managing payroll accounting, ensuring accurate salary processing, statutory compliance, and reconciliation of payroll-related financial records. The role works closely with HR, finance, and external vendors to ensure timely payroll processing and compliance with regulatory requirements.

Key Responsibilities

1. Payroll Processing & Validation

Review monthly payroll inputs including new joiners, exits, salary revisions, bonuses, and deductions.

Validate payroll reports received from HR / payroll vendors before processing payments.

Ensure timely salary disbursement to employees.

1. Payroll Accounting

Pass monthly payroll accounting entries in ERP (salary expense, provisions, reversals).

Reconcile payroll GL accounts including salary payable, reimbursements, and provisions.

Maintain payroll cost center allocations and ensure accurate financial reporting.

1. Statutory Compliance

Ensure compliance with statutory deductions such as PF, ESI, PT, TDS on salaries, and labour law requirements.

Verify statutory payments and returns filed by payroll vendors.

Coordinate during audits and regulatory reviews.

1. Reconciliation & Controls

Perform reconciliation of payroll registers with bank payouts and accounting records.

Reconcile statutory liabilities and ensure timely payments.

Strengthen payroll internal controls and audit readiness.

1. Payroll Reporting & MIS

Prepare payroll MIS reports including salary cost analysis, headcount cost, and variance analysis.

Support finance leadership with payroll cost forecasts and budgeting.

1. Audit & Compliance Support

Support internal audit, statutory audit, and tax audits relating to payroll.

Maintain documentation for payroll workings, approvals, and reconciliations.

1. Stakeholder Coordination

Work closely with HR, payroll vendors, and finance teams to resolve payroll issues.

Handle employee payroll queries related to tax, deductions, and salary payments.

Key Skills & Competencies

Strong understanding of payroll accounting and statutory compliance

Knowledge of TDS on salaries, PF, ESI, gratuity, leave encashment accounting

Experience with ERP systems (SAP / Oracle / PeopleStrong / similar payroll tools)

Strong reconciliation and analytical skills

Attention to detail and ability to handle confidential information

Qualifications

CA Inter / CMA / MBA (Finance) / B.Com

2–6 years of experience in payroll finance, payroll accounting, or finance operations

Preferred Experience

Experience in shared services or large employee payroll environments

Exposure to payroll vendors and HRMS systems

Experience handling audit and compliance for payroll