Canwin HR Services Private Limited
Location
Bangalore | India
Job description
Position Overview: The Payroll Executive is responsible for managing and processing the organization's payroll accurately and efficiently. This role involves collaborating with various departments to ensure timely and accurate compensation to employees, compliance with relevant regulations, and maintaining confidential payroll records. The Payroll Executive must stay informed about changes in payroll laws and regulations to ensure compliance.
Key Responsibilities:
Payroll Processing:
- Execute end-to-end payroll processing activities, including data input, calculation of wages, deductions, and taxes, and distribution of payroll checks or direct deposits.
- Verify and reconcile timekeeping records and resolve any discrepancies.
- Ensure compliance with local, state, and federal payroll regulations.
Data Management:
- Maintain accurate employee payroll records, including salary adjustments, bonuses, and deductions.
- Update and validate employee information such as personal details, tax exemptions, and direct deposit details.
Compliance and Reporting:
- Stay up-to-date with changes in payroll laws and regulations.
- Prepare and submit payroll-related reports as required by regulatory authorities.
- Ensure compliance with company policies and procedures related to payroll.
Communication and Collaboration:
- Work closely with HR, Finance, and other relevant departments to gather necessary payroll information.
- Respond to employee inquiries regarding payroll matters and resolve issues promptly.
System Maintenance:
- Utilize and maintain payroll software and systems to ensure accurate and efficient processing.
- Collaborate with IT or external vendors to address any system-related issues.
Audit and Analysis:
- Conduct regular audits of payroll data to identify and correct discrepancies.
- Analyze payroll reports for accuracy and completeness.
Qualifications and Skills:
- Bachelor's degree in Finance, Accounting, Human Resources, or a related field.
- Proven experience as a Payroll Executive or in a similar role.
- Strong understanding of payroll laws, regulations, and best practices.
- Proficiency in using payroll software and Microsoft Office applications.
- Excellent attention to detail, organizational, and time management skills.
- Strong analytical and problem-solving abilities.
- Effective communication and interpersonal skills.
Job tags
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