Payroll Specialist

Crest Ventures Limited; Mumbai; On-site; INR 550,000 - 850,000; Full time

Job summary

Crest Ventures Limited in Mumbai is seeking a dedicated Payroll HR professional to manage employee master records and monthly payroll through an outsourced partner. You will coordinate leave/attendance, verify salary calculations, and handle statutory payments with the accounts team.

Experience with HRMS, MS Excel, and payroll software is essential. The role requires strong attention to detail, teamwork, and proactive problem solving in a fast-paced environment at Nariman Point location.

Qualifications

• Should be a graduate from Accounting / Finance / Commerce faculty.
• Strong computer proficiency, including Microsoft Office Suite and advanced MS Excel skills.
• Should have min 4 years of experience on an HRMS system for employee lifecycle and payroll management.

Responsibilities

• Sole Custodian of the employee master for all entities; update HRMS and manual records.
• Execute monthly payroll through outsourced partner; manage leaves/attendance via HRMS and prepare input sheets.

Skills

MS Excel

Payroll software

HRMS

Attention to detail

Team player

Education

Bachelor's degree in Accounting/Finance/Commerce

Tools

HRMS

Job description

Key Responsibilities / Duties

• Sole Custodian of the employee master (of all entities – on HRMS and manual); regular updation of the same
• Execute monthly payroll through an outsourced partner; manage leaves/attendance through the HRMS system and prepare monthly input sheets for payroll execution.
• Checking & verifying calculations of monthly salary registers with input sheet and processing the same.
• Managing Income Tax at source – calculated through the system
• Managing Salary disbursement Online process of multiple entities.
• Managing Statutory payments related to salary - Coordinating with the accounts team for the same (TDS, profession tax, Provident Fund, ESIC & MWMF)
• Coordinate with the statutory consultant for generating PF challan/ ESIC challan and cross-checking it with salary register & FNF statements
• Coordinate with Banks and internal HR team for new joinee bank accounts
• Release staff loans with proper approvals, prepare staff loan file, and also deduct monthly salary advance.
• Coordinate with internal teams for approvals of retention/ performance/ assured bonus payout as and when applicable and payout of the same.
• Verify Full & final statements and coordinate with Ex- Employees for approval and final disbursement as per process
• Generate ad-hoc reports to analyze payroll data / audit-related data, maintaining MIS as required
• Generate monthly salary statements & update the salary budget statement.
• Reconciliation of Payroll & Auditing
• Ensuring smooth online functioning of the investment and proof collection process online
• Collecting Flexi-reimbursement claims from eligible employees and preparing an input file for submission to Payroll partners every month-end.
• Checking Flexi-reimbursement registers with input and processing them.
• Quarterly 24Qs reconciliation with payroll partners (TDS) and internal accounts Team
• Managing Annual filings –(Posh/ Bonus/ Maternity)

Payroll Management : (70%)

• Sole Custodian of the employee master (of all entities – on HRMS and manual); regular updation of the same
• Execute monthly payroll through an outsourced partner; manage leaves/attendance through the HRMS system and prepare monthly input sheets for payroll execution.
• Checking & verifying calculations of monthly salary registers with input sheet and processing the same.
• Managing Income Tax at source – calculated through the system
• Managing Salary disbursement Online process of multiple entities.
• Managing Statutory payments related to salary - Coordinating with the accounts team for the same (TDS, profession tax, Provident Fund, ESIC & MWMF)
• Coordinate with the statutory consultant for generating PF challan/ ESIC challan and cross-checking it with salary register & FNF statements
• Coordinate with Banks and internal HR team for new joinee bank accounts
• Release staff loans with proper approvals, prepare staff loan file, and also deduct monthly salary advance.
• Coordinate with internal teams for approvals of retention/ performance/ assured bonus payout as and when applicable and payout of the same.
• Verify Full & final statements and coordinate with Ex- Employees for approval and final disbursement as per process
• Generate ad-hoc reports to analyze payroll data / audit-related data, maintaining MIS as required
• Generate monthly salary statements & update the salary budget statement.
• Reconciliation of Payroll & Auditing
• Ensuring smooth online functioning of the investment and proof collection process online
• Collecting Flexi-reimbursement claims from eligible employees and preparing an input file for submission to Payroll partners every month-end.
• Checking Flexi-reimbursement registers with input and processing them.Quarterly 24Qs reconciliation with payroll partners (TDS) and internal accounts Team
• Managing Annual filings –(Posh/ Bonus/ Maternity)

Employee Life cycle Management: (30%)

• Ensuring all salary-related paperwork is received for all new joiners (Coordinating with internal HR team – HRMS onboarding is complete)
• Issuing Offer Letters/ Appointment letters/ confirmation letters/ relieving letters as per set process and timelines
• Assisting Head HR in performance appraisal master updating and letter issuance
• Being the SPOC for all HRMS/ Payroll related queries for employees

Education/Technical Skills

• Should be a graduate from Accounting / Finance / Commerce faculty
• Strong computer proficiency, including Microsoft Office Suite and advanced MS Excel skills.
• Should have min 4 years of experience on an HRMS system for employee lifecycle and payroll management

Work Experience / Knowledge

• Minimum 4 years of work experience in handling Payroll accounting.
• Knowledge of Indian Accounting Principles and taxation guidelines.
• Knowledge of Statutory Compliances related to Payroll
• Experience in using accounting software packages to process and report transactions
• Practical knowledge of accruals accounting, including preparing journals for accruals and pre-payments.

Skills / Other Attributes Required

• Accurate approach with attention to detail
• Proactive with a positive outlook and willingness to embrace change
• Should be a team player
• Ambitious and enthusiastic for continuous learning
• Smart time management & working skills

Work Location:

Nariman Point, Mumbai

Work Timing:

9.30 am to 6 pm, 1st Saturday Working

Skills

salary,advanced excel skills,accounting,payroll