Payroll Manager

Svatantra Microfin; Bengaluru; On-site; INR 350,000 - 700,000; Full time

Job summary

Svatantra Microfin in Bengaluru seeks a Payroll Specialist to oversee the complete payroll cycle, ensure compliance with statutory benefits and local regulations, and manage payroll software systems. You will generate reports, analyze payroll data, and coordinate with HR and Finance to ensure accurate, timely payments.

The role requires strong attention to detail, good communication with employees, and the ability to adapt to changes in payroll laws.

Qualifications

• Payroll processing across the full payroll cycle including data gathering, processing salaries, benefits, deductions, and taxes.
• Ensuring compliance with statutory bonuses, PF, ESI, PT and other local payroll regulations.
• System management: implementing, maintaining, and upgrading payroll software and systems.
• Reporting and analysis: generating payroll reports and identifying opportunities for process improvement.
• Communication: serving as a point of contact for employees and stakeholders on payroll matters.
• Collaboration: working with HR, finance and other departments to ensure accurate payroll practices.
• Audit support: preparing for and assisting payroll audits.
• Legal compliance: staying updated on changes in payroll laws and implementing required adjustments.

Responsibilities

• Overseeing the entire payroll cycle from data collection to payment processing.
• Ensure timely and accurate payroll processing and delivery across all employee segments.
• Maintain payroll records and generate compliance reports as required.

Job description

Role & responsibilities

• Payroll Processing: Overseeing the entire payroll cycle, from gathering data to processing payments, including salaries, benefits, deductions, and taxes.


• Compliance: Ensuring adherence to statutory bonus, state, and local payroll laws like PF, ESI, PT and etc. and regulations.


• System Management: Implementing, maintaining, and upgrading payroll software and systems.


• Reporting and Analysis: Generating payroll reports, analyzing data, and identifying areas for improvement.


• Communication: Serving as a point of contact for employees and other stakeholders regarding payroll matters.


• Collaboration: Working with HR, finance, and other departments to ensure accurate and consistent payroll practices.


• Audit Support: Preparing for and assisting with payroll audits.


• Legal Compliance: Staying informed about changes in payroll laws and regulations and implementing necessary adjustments.