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.