Freshtohome is hiring Senior Executive / AM - Payroll & Compliance.
Work Location : Bangalore
Work Experience : 5-8 years
Role Purpose : Ensure delivery of payroll processing, operational aspects of payroll processing and associated activities that are accurately carried out on month on month basis within appropriate time frames.
Responsibilities include :
Preparation of Payroll Accounting such as Salary JV's, Statutory compliance accounting etc on month basis
Develop procedures and supervise the preparation, documentation, and expense of all payroll checks, payroll taxes and People benefit payments.
Process new joiners and leavers payroll accurately in accordance with state rules and statutes.
Review and complete tax and other statutory payroll filings prior to the due date.
Preparation of payroll MIS, people's advances, and medical insurance, etc.
Adhere to statutory compliance and highlight shortfalls and risks
Support all internal and external audits related to payroll
Handle Income tax and full and final settlements timely and accurately
Handle payroll & Reimbursement queries
Analyze, audit, reconcile and resolve complex payroll processing issues.
Preparation of monthly challans and returns for PF, PT, ESIC, etc.
Ensure that the pay and benefits plans comply with the State laws.
Structure compensation in a way that will yield the highest value for the organization and employees.
Manage people's life cycle management activities and maintain a Master (database) and personal records.
Ensure maintenance of Statutory registers, Employment, and Labor related Statutory returns before the due date.
Act as a point of contact for smooth functioning and addressing the issues related to the time office management.
Prepare relevant weekly, monthly, quarterly and year-end reports
Review and improve payroll policies and procedures
support all internal and external audits related to payroll
Prepare detailed variance analysis and reports prior to the payroll cycle for all types of pay-outs.
statutory returns and ensure compliance to all monthly, quarterly and annual payments and returns.
Maintain records relating to peoples pay and statutory reports which is conversant with the relevant statutes and payroll regulations.
Post payroll transaction, ensure appropriate monthly reconciliations per the payroll calendar.