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Vacancy description

Payroll Specialist in Bombay, भारत

Crest Ventures Ltd

  • Full-timeStandard weekly hours

Rs 6 - 8 lakhs p.a.

Bombay, भारत

Key Responsibilities / Duties :


Payroll Management : (70%)

  • Sole Custodian of the employee master (of all entities – on HRMS and manual); regular updation of the same
  • Execute monthly payroll through an outsourced partner; manage leaves/attendance through the HRMS system and prepare monthly input sheets for payroll execution.
  • Checking & verifying calculations of monthly salary registers with input sheet and processing the same.
  • Managing Income Tax at source – calculated through the system
  • Managing Salary disbursement Online process of multiple entities.
  • Managing Statutory payments related to salary - Coordinating with the accounts team for the same (TDS, profession tax, Provident Fund, ESIC & MWMF)
  • Coordinate with the statutory consultant for generating PF challan/ ESIC challan and cross-checking it with salary register & FNF statements
  • Coordinate with Banks and internal HR team for new joinee bank accounts
  • Release staff loans with proper approvals, prepare staff loan file, and also deduct monthly salary advance.
  • Coordinate with internal teams for approvals of retention/ performance/ assured bonus payout as and when applicable and payout of the same.
  • Verify Full & final statements and coordinate with Ex- Employees for approval and final disbursement as per process
  • Generate ad-hoc reports to analyze payroll data / audit-related data, maintaining MIS as required
  • Generate monthly salary statements & update the salary budget statement.
  • Reconciliation of Payroll & Auditing
  • Ensuring smooth online functioning of the investment and proof collection process online
  • Collecting Flexi-reimbursement claims from eligible employees and preparing an input file for submission to Payroll partners every month-end.
  • Checking Flexi-reimbursement registers with input and processing them.
  • Quarterly 24Qs reconciliation with payroll partners (TDS) and internal accounts Team
  • Managing Annual filings –(Posh/ Bonus/ Maternity)

Employee Life cycle Management: (30%)

  • Ensuring all salary-related paperwork is received for all new joiners (Coordinating with internal HR team – HRMS onboarding is complete)
  • Issuing Offer Letters/ Appointment letters/ confirmation letters/ relieving letters as per set process and timelines
  • Assisting Head HR in performance appraisal master updating and letter issuance
  • Being the SPOC for all HRMS/ Payroll related queries for employees

Education/Technical skills

  • Should be a graduate from Accounting / Finance / Commerce faculty
  • Strong computer proficiency, including Microsoft Office Suite and advanced MS Excel skills.
  • Should have min 4 years of experience on an HRMS system for employee lifecycle and payroll management 

Work Experience / Knowledge:

  • Minimum 4 years of work experience in handling Payroll accounting.
  • Knowledge of Indian Accounting Principles and taxation guidelines. 
  • Knowledge of Statutory Compliances related to Payroll
  • Experience in using accounting software packages to process and report transactions
  • Practical knowledge of accruals accounting, including preparing journals for accruals and pre-payments.

Skills / Other Attributes Required:

  • Accurate approach with attention to detail
  • Proactive with a positive outlook and willingness to embrace change
  • Should be a team player
  • Ambitious and enthusiastic for continuous learning
  • Smart time management & working skills

Work Location: Nariman Point, Mumbai

Work Timing: 9.30 am to 6 pm, 1st Saturday Working

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