Finance Payroll Specialist

Paytm; Dadri; On-site; INR 600,000 - 1,200,000; Full time

Job summary

Paytm is seeking a Payroll Finance professional to manage payroll accounting, ensure accurate salary processing, and maintain statutory compliance. The role collaborates with HR, finance, and external vendors to ensure timely payroll processing and regulatory adherence.

Key responsibilities include processing and validating payroll, posting entries in ERP systems, reconciling payroll accounts, and supporting audits.

Qualifications

• 2–6 years of experience in payroll finance, payroll accounting, or finance operations.
• Strong knowledge of payroll processing and compliance.
• Experience with ERP payroll modules (SAP/Oracle/PeopleStrong) and audits.

Responsibilities

• Payroll Processing & Validation: Review monthly payroll inputs and validate reports before processing payments.
• Payroll Accounting: Pass monthly payroll entries and reconcile payroll GL accounts.
• Statutory Compliance: Ensure compliance with PF, ESI, PT, TDS and labour laws; assist during audits.
• Reconciliation & Controls: Reconcile payroll registers with bank payouts and accounting records; strengthen controls.
• Payroll Reporting & MIS: Prepare payroll MIS reports and assist in budgeting and cost forecasting.
• Audit & Compliance Support: Support internal and statutory audits and maintain payroll documentation.
• Stakeholder Coordination: Coordinate with HR, payroll vendors, and finance teams to resolve issues.

Skills

Payroll accounting

Statutory compliance

ERP systems

Reconciliation

Confidential information handling

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.
2. 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 centre allocations and ensure accurate financial reporting.
3. 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.
4. 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.
5. 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.
6. Audit & Compliance Support: Support internal audit, statutory audit, and tax audits relating to payroll. Maintain documentation for payroll workings, approvals, and reconciliations.
7. 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