Job description
Job SummaryThe Payroll Finance role is responsible for managing payroll accounting, ensuring accuratesalary processing, statutory compliance, and reconciliation of payroll-related financialrecords. The role works closely with HR, finance, and external vendors to ensure timelypayroll processing and compliance with regulatory requirements.
Key Responsibilities1. Payroll Processing & Validation Review monthly payroll inputs including new joiners, exits, salary revisions, bonuses,and deductions. Validate payroll reports received from HR / payroll vendors before processingpayments. Ensure timely salary disbursement to employees.
2. Payroll Accounting Pass monthly payroll accounting entries in ERP (salary expense, provisions,reversals). Reconcile payroll GL accounts including salary payable, reimbursements, andprovisions. Maintain payroll cost center allocations and ensure accurate financial reporting.
3. Statutory Compliance Ensure compliance with statutory deductions such as PF, ESI, PT, TDS on salaries,and labour law requirements. Verify statutory payments and returns filed by payroll vendors. Coordinate during audits and regulatory reviews.
4. Reconciliation & Controls Perform reconciliation of payroll registers with bank payouts and accounting records. Reconcile statutory liabilities and ensure timely payments. Strengthen payroll internal controls and audit readiness.
5. Payroll Reporting & MIS Prepare payroll MIS reports including salary cost analysis, headcount cost, andvariance analysis. Support finance leadership with payroll cost forecasts and budgeting.
6. Audit & Compliance Support Support internal audit, statutory audit, and tax audits relating to payroll. Maintain documentation for payroll workings, approvals, and reconciliations.
7. Stakeholder Coordination Work closely with HR, payroll vendors, and finance teams to resolve payroll issues. Handle employee payroll queries related to tax, deductions, and salary payments.
Key Skills & Competencies Strong understanding of payroll accounting and statutory compliance Knowledge of TDS on salaries, PF, ESI, gratuity, leave encashment accounting Experience with ERP systems (SAP / Oracle / PeopleStrong / similar payrolltools) Strong reconciliation and analytical skills Attention to detail and ability to handle confidential information
Qualifications CA Inter / CMA / MBA (Finance) / B.Com 2–6 years of experience in payroll finance, payroll accounting, or financeoperations
Preferred Experience Experience in shared services or large employee payroll environments Exposure to payroll vendors and HRMS systems Experience handling audit and compliance for payroll
Key Responsibilities1. Payroll Processing & Validation Review monthly payroll inputs including new joiners, exits, salary revisions, bonuses,and deductions. Validate payroll reports received from HR / payroll vendors before processingpayments. Ensure timely salary disbursement to employees.
2. Payroll Accounting Pass monthly payroll accounting entries in ERP (salary expense, provisions,reversals). Reconcile payroll GL accounts including salary payable, reimbursements, andprovisions. Maintain payroll cost center allocations and ensure accurate financial reporting.
3. Statutory Compliance Ensure compliance with statutory deductions such as PF, ESI, PT, TDS on salaries,and labour law requirements. Verify statutory payments and returns filed by payroll vendors. Coordinate during audits and regulatory reviews.
4. Reconciliation & Controls Perform reconciliation of payroll registers with bank payouts and accounting records. Reconcile statutory liabilities and ensure timely payments. Strengthen payroll internal controls and audit readiness.
5. Payroll Reporting & MIS Prepare payroll MIS reports including salary cost analysis, headcount cost, andvariance analysis. Support finance leadership with payroll cost forecasts and budgeting.
6. Audit & Compliance Support Support internal audit, statutory audit, and tax audits relating to payroll. Maintain documentation for payroll workings, approvals, and reconciliations.
7. Stakeholder Coordination Work closely with HR, payroll vendors, and finance teams to resolve payroll issues. Handle employee payroll queries related to tax, deductions, and salary payments.
Key Skills & Competencies Strong understanding of payroll accounting and statutory compliance Knowledge of TDS on salaries, PF, ESI, gratuity, leave encashment accounting Experience with ERP systems (SAP / Oracle / PeopleStrong / similar payrolltools) Strong reconciliation and analytical skills Attention to detail and ability to handle confidential information
Qualifications CA Inter / CMA / MBA (Finance) / B.Com 2–6 years of experience in payroll finance, payroll accounting, or financeoperations
Preferred Experience Experience in shared services or large employee payroll environments Exposure to payroll vendors and HRMS systems Experience handling audit and compliance for payroll