Finance Payroll Executive Introduction:

Are you a finance professional looking for an exciting opportunity to showcase your expertise in payroll management? We have the perfect job opening for you! We are currently hiring a Finance Payroll Executive with 1-5 years of experience to join our team. If you have a strong background in Indian payroll processing and compliance, we invite you to read on and learn more about this rewarding position.

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Job Description:

As a Finance Payroll Executive, you will play a crucial role in ensuring accurate and timely payroll processing while maintaining compliance with Indian payroll regulations. Your responsibilities will encompass a wide range of tasks, including:

1. Payroll Processing & Checking: You will be responsible for meticulously processing and verifying payroll information, guaranteeing precise calculations and deductions.
2. Full and Final Settlement Processing: Handling the smooth and efficient final settlement process for employees leaving the organization, including calculating outstanding dues and disbursing appropriate payments.
3. Preparation of Quarterly/Annually TDS Returns: Compiling and preparing TDS returns on a quarterly and annual basis, adhering to tax regulations and facilitating seamless compliance.
4. Salary Advance/Loan Processing: Managing salary advances and loans for employees, ensuring proper documentation and tracking of repayments.
5. Preparation of Form 16 and Issuance: Accurately preparing Form 16, a crucial income tax deduction certificate, and ensuring timely issuance to employees.
6. Payroll Reporting: Generating comprehensive payroll reports that provide valuable insights into salary disbursements, deductions, and other financial aspects, enabling informed decision-making by management.
7. Statutory Payments & Related Compliance: Ensuring the accurate and timely payment of statutory obligations, such as PF, ESI, professional tax, etc., while diligently adhering to legal compliance requirements.
8. Other Payments Reports and Reconciliations: Managing various payment reports, reconciling financial data, and resolving any discrepancies to maintain accurate financial records.
9. Reimbursement Vouching: Thoroughly validating and processing employee reimbursement claims, following company policies and guidelines.
10. Query Management: Addressing employee queries related to payroll, taxes, and other financial matters, and promptly providing accurate resolutions.
    1. Tax Proof Validation: Verifying and validating tax-saving proofs submitted by employees, ensuring adherence to tax regulations and facilitating smooth tax processing.
11. Leave Report Calculation: Accurately calculating and maintaining comprehensive leave records for employees, including annual leave, sick leave, and other types of time off.
12. Ad-hoc Reporting: Generating ad-hoc financial reports as requested by management or other stakeholders, assisting in data-driven decision-making processes.
13. Providing Data for Actuarial: Collaborating with the actuarial team and providing relevant payroll data for accurate calculations and analysis.
14. Providing Accruals for Year-End: Assisting in the calculation and provision of year-end accruals for financial reporting purposes, ensuring precise and reliable financial statements.

Qualifications and Skills:

To be considered for this position, candidates should possess the following qualifications and skills:

• A bachelor’s degree in finance, accounting, or a related field.
• 1-5 years of experience in finance or payroll management.
• Proficiency in Indian payroll regulations and tax compliance.
• Familiarity with payroll software and tools.
• Keen attention to detail and strong numerical accuracy.
• Excellent communication and interpersonal skills.
• Effective time management and ability to meet deadlines.
• Strong analytical thinking and problem-solving abilities.

How to Apply:

If you meet the above requirements and are eager to embrace this challenging yet rewarding opportunity, we invite you to share your resume with us at sonalika.singh@in.ey.com. Please ensure that your resume highlights your relevant experience in payroll

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