Senior Payroll Executive

Megasoft Solutions India; Gurugram District; On-site; INR 500,000 - 800,000; Full time

Job summary

Megasoft Solutions India is looking for an experienced Payroll professional to manage payroll processing and ensure compliance with statutory regulations. You will prepare reports on earnings, deductions, and manage payroll records while assisting in client migrations.

The ideal candidate should have a proven track record in payroll, knowledge of statutory compliances like PF/ESI, and strong Excel skills. Join us to leverage your skills in a dynamic work environment.

Qualifications

• Proven work experience in a Payroll Profile.
• Experience in handling end-to-end Payroll.
• Knowledge of statutory compliances relating to Payroll.

Responsibilities

• Strong working exposure in Payroll Processing.
• Preparation of Attendance data for payroll processing.
• Generate annual compliance reports related to salaries.

Skills

Payroll Processing

Statutory Compliances (PF/ESI/PTax/LWF and TDS)

Advanced Excel

Technical and Analytical Skills

Active Listening

Coordination and Presentation Skills

Job description

Roles and Responsibilities

• Strong working exposure in Payroll Processing.
• Preparation of the Attendance data and making the correct entries for payroll processing.
• Prepare reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages.
• Responsible for MIS and Analytics regarding payroll and employee benefits with Standardization of reports.
• Timely entry of new entrants in the software for code generations.
• Checking of output report downloaded from HRIS/HRMS in Excel v/s input received from Client.
• Variance analysis of payroll and other accruals.
• Generate annual compliance report related to salaries.
• Update payroll records by reviewing and approving changes in exemptions, insurance coverage, savings deductions, and job titles, and department/division transfers.
• Manage certain time bound processes and ensure validation of data to be accurate and truthful i.e. Investments declaration, Form 16s, Tax Returns.
• Managing reimbursement data related to miscellaneous heads in PMS.
• Assist payroll heads in smooth and efficient migration of new clients.
• Share domain and technical expertise, providing technical mentorship and cross-training to other peers and team members.

Preferred candidate profile

• Proven work experience in Payroll Profile.
• Experience in handling end to end Payroll.
• Knowledge of statutory compliances relating to Payroll like PF/ESI/PTax/LWF and TDS is required.
• Good command over advanced Excel.
• Ability to architect strategy along with technical and analytical skills.
• Excellent active listening, coordination and presentation skills.