Payroll Executive

Overview

We are looking for a meticulous Payroll Executive to join our Payroll Department in Hyderabad. This role demands strong organizational skills and a detail-focused approach to ensure prompt and precise payroll processing while adhering to all legal and regulatory standards.

Key Responsibilities

• Process payroll accurately for all staff regularly and ensure timely distribution of paychecks and payroll statements.
• Manage payroll modifications including adjustments, deductions, and corrections efficiently.
• Keep abreast of and comply with local, state, and federal payroll regulations, tax laws, and wage standards.
• Support the preparation and timely submission of payroll tax returns.
• Maintain and update employee payroll information with confidentiality and accuracy.
• Verify attendance and timekeeping records, resolving discrepancies as required.
• Handle payroll system updates for new hires, terminations, and employment changes.
• Assist in administering employee benefits such as health insurance and retirement plans, ensuring correct payroll deductions.
• Prepare detailed payroll reports for management and financial departments and analyze data to uncover trends or issues.
• Address employee inquiries regarding payroll promptly and effectively, offering exemplary customer service.
• Collaborate with the payroll team to meet departmental objectives and contribute to process improvements and special projects.

Qualifications

• Bachelor's degree in accounting, finance, business, or a related discipline or equivalent practical experience.
• At least one year of proven experience in payroll management and compliance.
• Familiarity with payroll software and HR information systems such as Darwinbox.
• Proficient with Microsoft Excel and similar software tools.
• Comprehensive understanding of payroll tax laws, employment legislation, and payroll processing standards.
• Exceptional attention to detail and accuracy in work.
• Excellent organizational and time-management skills with strong communication and interpersonal abilities.
• Problem-solving aptitude and capability to manage confidential data discreetly.

Preferred Credentials

• Certified Payroll Professional (CPP) or related certification.
• Experience processing payroll for multiple states.
• Knowledge of Indian payroll regulations and statutory reporting.

Additional Information

• Compensation package up to INR 500000 per annum.
• Work location: Hyderabad, Telangana.
• Work schedule is six days a week.