Payroll Executive

NowFloats

Hyderabad

On-site

INR 300,000 - 600,000

Full time

14 days+

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Benefits offered by this job

Health insurance

Provident Fund

Job summary

A leading tech company in Hyderabad is seeking a detail-oriented Payroll Executive to manage payroll operations and compliance. The role requires a bachelor's degree in Commerce or HR, and 0-5 years of experience in payroll processing. Proficiency in MS Excel and understanding of Indian payroll laws are essential. This full-time position includes benefits such as health insurance and provident fund.

Qualifications

0-5 years of proven experience in payroll processing and compliance.
Strong knowledge of Indian statutory laws.

Responsibilities

Ensure timely and accurate processing of payroll.
Manage complex pay structures and statutory contributions.
File monthly/quarterly/annual statutory returns on time.
Process payroll inputs for new hires, exits, and salary revisions.
Act as the SPOC for employee payroll queries.

Skills

Knowledge of payroll processes

Proficiency in MS Excel

Analytical and problem-solving skills

Understanding of Indian payroll laws

Education

Bachelor’s degree in Commerce / HR / Finance

MBA in HR/Finance preferred

Tools

HRMS/payroll software

Job description

Company Overview

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At NowFloats, our mission is to enhance the local online discovery of small and medium businesses (SMBs) by effectively structuring the information they update. We use a patent‑pending process called 'location‑based SEO' to help SMBs get discovered locally. Our product offerings include both true organic discovery models with automated search engine optimization and hybrid models that combine organic methods with inorganic marketing boosters like Google Adwords and Facebook ads. Additionally, we offer RIA, a Relationship Intelligence Agent that helps businesses stay connected with their customers with minimal manual intervention.

Position

We are looking for a detail‑oriented and experienced Payroll Executive to manage end‑to‑end payroll operations, ensure statutory compliance, and provide accurate payroll‑related support to employees. The ideal candidate should have strong knowledge of payroll processes, HRMS systems, and Indian statutory laws.

Responsibilities

Ensure timely and accurate processing of payroll across all locations/entities.
Manage complex pay structures, arrears, variable pay, reimbursements, and bonuses.
Accurate deduction and deposit of PF, ESI, TDS, PT, LWF, and other statutory contributions.
File monthly/quarterly/annual statutory returns on time (PF, ESI, Income Tax, etc.).
Keep track of labor law updates and ensure compliance.
Process payroll inputs for new hires, exits, promotions, transfers, and salary revisions.
Handle full & final settlements (F&F) including gratuity, leave encashment, and notice pay.
Maintain accurate employee master database for payroll.
Coordinate with Finance for salary disbursement, journal entries, and GL reconciliation.
Ensure error‑free bank transfers and accounting records.
Prepare payroll MIS and analytical reports for management.
Act as the SPOC for employee payroll queries.
Provide clarity on payslips, tax deductions, investment proofs, and CTC structure.
Support internal, external, and statutory audits.
Maintain payroll documentation for audit trails.
Optimize payroll processes using HRMS/ERP systems.
Suggest improvements for reducing manual errors and improving efficiency.
Drive digitization of payroll and compliance records
Strong knowledge of Indian payroll laws & statutory compliance.
Proficiency in MS Excel and HRMS/payroll software.
Analytical and detail‑oriented with strong problem‑solving skills.
Ability to handle confidential information with integrity.