Payroll Specialist

TP; Thane; On-site; INR 400,000 - 700,000; Full time

Job summary

TP is seeking a payroll professional to handle essential payroll duties such as calculating gross and net pay, maintaining payroll records, and ensuring compliance with relevant regulations. The role emphasizes accuracy, independence within defined standards, and ongoing process improvement.

Candidates typically bring 1-2 years of payroll experience and a professional/university degree. This position may involve supervising junior staff and aligning daily activities with established procedures.

Qualifications

• Proficient in executing established payroll standards.
• 1-2 years of practical payroll experience.
• Develops knowledge and improves day-to-day processes.

Responsibilities

• Calculate gross and net pay including salary, overtime, bonuses and deductions.
• Maintain payroll records for hires, changes, leaves and terminations.
• Reconcile payroll entries and verify data accuracy.
• Monitor payroll compliance with legislation and policies.
• Answer employee questions on payroll matters.
• Maintain records of vacation, sick leave, and related absences.

Skills

Payroll processes

Regulatory compliance

Data verification

Education

University degree

Job description

Payroll includes work focused on designing and/or ensuring compliance with some/all of the following payroll processes including:

• Calculating gross and net pay amounts (e.g., salary, overtime, shift payments, sales commissions, bonuses, deferred compensation, benefits, tax withholdings, deductions, payroll liabilities, etc.)
• Payroll-specific records maintenance (changes in wage/salary rates; pension, insurance, mandatory deductions; new hires, terminations, leave of absence, etc.)
• Reconciliation of payroll records (e.g., payments, deductions, general ledger entries for wages)
• Payroll data verification and administration
• Monitor and manage payroll legislation compliance
• Answering questions from employees and supervisors regarding payroll matters
• May maintain records on vacation, sick leave, etc.

Positions on this level are fully proficient in executing established standards. Works independently within set frames and follows set course. Has a knowledge base typically acquired from a professional/university degree and approximately 1-2 years of practical professional experience in a particular area. Develops own knowledge, shares best practice and develops relevant/appropriate solutions. Positions at this level are expected to continuously improve the day-to-day activities/processes.

Can be a formal team leader of more junior co-workers and may set day-to-day operational objectives.