Payroll Executive

Job Description – Payroll Executive

Job Title: Payroll Executive Department: Human Resources (HR) Location: Lower Parel Experience: 1–4 Years Employment Type: Full-Time

Job Overview

We are looking for a Payroll Executive to manage end-to-end payroll processing, statutory compliance, and employee salary-related activities. The ideal candidate should have strong knowledge of payroll systems, labor laws, and payroll compliances while ensuring timely and accurate salary disbursement.

Key Responsibilities

• Process monthly payroll accurately and within defined timelines.
• Maintain employee attendance, leave records, and payroll data.
• Calculate salaries, incentives, bonuses, overtime, deductions, and reimbursements.
• Prepare and process Full & Final (F&F) settlements for exiting employees.
• Ensure compliance with statutory regulations such as PF, ESIC, PT, LWF, TDS, and other applicable labor laws.
• Generate salary slips and payroll-related reports.
• Handle employee payroll queries and resolve discrepancies promptly.
• Coordinate with HR and Finance teams for payroll inputs and validations.
• Maintain payroll records and ensure confidentiality of employee information.
• Prepare monthly MIS reports and payroll reconciliation statements.
• Support audits and compliance requirements related to payroll.

Required Skills

• Strong knowledge of payroll processing and statutory compliances.
• Hands-on experience with payroll software/HRMS systems.
• Proficiency in MS Excel (VLOOKUP, Pivot Tables, Formulas, Data Analysis).
• Good understanding of labor laws and payroll regulations.
• Strong analytical, numerical, and problem-solving skills.
• Excellent attention to detail and accuracy.
• Good communication and interpersonal skills.

Qualification

• Bachelor's Degree in Commerce, Finance, Human Resources, or a related field.
• 1–4 years of experience in payroll processing and compliance.
• Experience handling payroll for medium to large employee headcount will be preferred.

Pay: ₹15,000.00 - ₹30,000.00 per month

Benefits:

• Paid sick time
• Paid time off
• Provident Fund

Experience:

• Payroll: 1 year (Preferred)

Work Location: In person