Payroll Analyst

Key Responsibilities:

Payroll Management & Vendor Coordination:

- Act as the primary liaison between the company and the outsourced payroll vendor to ensure seamless payroll processing.

- Review and validate payroll inputs such as salary revisions, new hires, exits, deductions, incentives, and reimbursements.

- Verify the final payroll reports before processing payouts, ensuring 100% accuracy.

- Ensure timely payroll execution and salary disbursement.

Taxation & Compliance:

- Ensure accurate computation and deduction of Income Tax (TDS), Provident Fund (PF), ESI, NPS, Gratuity, and Professional Tax (PT).

- Stay updated with payroll-related laws and ensure compliance with all statutory requirements.

- Handle payroll audits, inspections, and coordinate with regulatory authorities when required.

- Ensure compliance with Maternity Benefits Act, Payment of Wages Act, and Minimum Wages Act.

- Prepare and file periodic statutory reports such as PF, ESI, Employee TDS, and professional tax filings.

- Having experience in processing of Equity would be a plus

Employee Support & Reporting:

- Address payroll-related queries from employees and ensure timely resolution.

- Generate payroll reports and analytics for internal stakeholders, including finance and HR teams.

- Assist in budgeting and forecasting payroll expenses.

Key Requirements:

Education & Experience:

- Bachelor’s/Master’s degree in Finance, HR, Accounting, or a related field.

- 8+ years of payroll experience, with at least 5 years handling payroll for 1000-2000 employees.

- Prior experience working with outsourced payroll models.

- Strong knowledge of Indian payroll laws, tax calculations, and statutory compliance.

- Experience in using payroll software and HRMS.

Skills & Competencies:

- Excellent knowledge of payroll processing, reconciliation, and tax deductions.

- Strong analytical and problem-solving skills.

- Detail-oriented with a high degree of accuracy in payroll verification.

- Strong vendor management and negotiation skills.

- Proficiency in Excel and payroll management software.

- Ability to work under tight deadlines and handle confidential information with integrity.