Manager - Payroll & Compliance

Equifax; Mumbai; On-site; INR 1,200,000 - 1,800,000; Full time

Job summary

Equifax in Mumbai, India, is seeking an experienced Payroll Manager to oversee the entire payroll function and ensure compliance with HR policies. You will coordinate with the payroll service provider and finalize salary calculations with accuracy.

The role requires 5–7 years in payroll processing, with strong knowledge of TDS, PF and PT. You will manage provident fund compliance, audits, and regulatory filings while coordinating benefit programs.

Qualifications

• Master’s or bachelor's degree in commerce or related accounting field.
• Minimum 5–7 years of payroll processing experience.
• Strong knowledge of TDS, PF, PT, and payroll regulatory requirements.

Responsibilities

• Manage payroll function and ensure HR policies are followed.
• Coordinate with payroll service provider for salary calculations and finalization.
• Calculate paychecks, tax withholdings, PF, PT, and other deductions.
• Prepare bank payout file and ensure timely payment before due date.
• Handle salary holds for resignations and gratuity/leave encashment calculations.
• Provide data for annual gratuity valuation and leave encashment reports.
• Coordinate payroll audits and maintain MTM payroll records.
• Manage statutory deductions and timely government filings.
• Ensure payroll returns filing and liaise with stakeholders.
• Coordinate with vendors for benefits like Medical Insurance and Food Coupons.

Skills

Payroll management

MS Office

Attention to detail

Analytical skills

Time management

Written English

Communication

Education

Master’s degree or bachelor's degree in commerce or related to accounting

Job description

Synopsis of the role: Managing entire Payroll function, Coordination with Payroll Service Provider, Finalization and timely processing of Salary , Manage and comply with regulatory reporting i.e. TDS,PF, PT… and Group reporting’s pertaining to payroll etc.

What You’ll Do

• Managing Payroll function and ensure that HR policies are adhered to.
• Coordinating with Payroll service provider for Salary Workings, ensuring the correctness and finalization of the same.
• Calculation of employee paychecks, withholding Tax, and other PF, PT, Recovery deduction.
• Preparation of Bank payout file of employee Salary and ensuring timely payment before due date.
• Holding salary of resigned employees and release the same on F&F Calculation of Gratuity, leave encashment, Arrears, Notice recoveries in F&F.
• To provide data to actuary for annual Valuation of Gratuity and Leave Encashment Report.
• To coordinate and facilitate the audit for Payroll section
• Maintaining MTM Payroll records and reconciliation.
• Calculation of Statutory deduction of TDS, PF, PT, MLWF etc. and ensuring timely payment to Govt.
• Ensuring timely compliances in filing payroll related returns
• Other Employees Related workings and coordination with respective service providers. E.g. Medical Insurance, Food Coupons etc.
• Addition and Deletion of employees for Provident fund compliance and coordinate with Consultant for returns fillings etc.
• Maintaining repository of payroll records and Tax related records.
• Implement the best practices around payroll.
• Manage and comply with regulatory reporting, group reporting’s pertaining to payroll.
• Liaise with our internal/external stakeholders etc.
• He/she follows Procedures and adequate policies and guidelines in place, initiates update whenever required and actively seeks for improvements.

What Experience You Need

• Candidate must have Master’s degree or a bachelor's degree in commerce or other fields related to accounting
• Prior working experience of 5-7 years in Payroll Processing.
• Prior working experience for day to day coordination with payroll service provider
• Knowledge of TDS on Salary, PF, PT, Gratuity, MLWF etc. is a must
• Good Understanding of payroll processes and ability to manage timely payments with accuracy and completeness.

What Could Set You Apart

• Advanced computer skills (MS Office) with prior experience working
• Well planned, organized with keen attention to detail.
• Strong analytical and time management skills.
• Excellent communication and written English skills with the ability to interact with inter departments and stakeholders.

India