Payroll Analyst

Responsibilities

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.; 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; 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.

Requirements

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.; 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.