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Weaver

Finance - Payroll Specialist

3-6 Years
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Job Description

Role Summary

The Payroll Specialist will be responsible for end-to-end payroll processing and statutory payroll compliance for India operations. This role requires strong hands-on payroll execution, deep understanding of Indian payroll laws, and close coordination with HR, Finance, and external consultants to ensure accurate, timely, and compliant payroll delivery.

Key Responsibilities

  • Payroll Processing
  • Execute end-to-end monthly payroll including:
    • Salary processing
    • New joiners, exits, F&F settlements
    • Variable pay, incentives, bonuses
  • Ensure accurate calculation of:
    • Earnings, deductions, reimbursements
    • Leave encashment, gratuity, notice pay
  • Process payroll within defined timelines with zero tolerance for errors
  • Prepare payroll outputs for review and approval (pay registers, summaries, variance explanations)
  • Payroll Statutory Compliance (Core Requirement)
  • Handle India payroll statutory compliances, including:
    • PF (Provident Fund) – calculation, challans, ECR filing
    • ESI
    • Professional Tax
    • Labour Welfare Fund
    • Income tax (TDS on salary) – computation, reconciliation, quarterly returns (24Q), Form 16
  • Ensure statutory payments and filings are accurate and within due dates
  • Maintain reconciliation between:
    • Payroll registers
    • Statutory filings
    • Finance / GL postings
  • Coordinate with tax / payroll consultants and monitor work done by them
  • Payroll Accounting & Controls
  • Coordinate with the team for:
    • Payroll journal entries
    • Salary and statutory accruals
    • Balance sheet reconciliations (PF, ESI, TDS payable, provisions)
  • Support monthly close by providing payroll schedules and explanations
  • Maintain audit‑ready payroll documentation and support internal/external audits
  • Compliance Monitoring & Risk Management
  • Track changes in:
    • Labour laws
    • Income‑tax rules
    • Payroll‑related notifications
  • Proactively flag compliance gaps and risks
  • Assist in implementing changes due to:
    • New labour codes
    • Policy updates
    • System changes
  • Payroll Systems & Process Improvement
  • Work on payroll tools / portals (ADP)
  • Ensure master data accuracy and access controls
  • Support parallel runs, migrations, or payroll vendor transitions
  • Document payroll SOPs and strengthen process discipline
  • Employee & Stakeholder Support
  • Handle payroll‑related employee queries professionally
  • Ensure queries are resolved through defined channels (shared mailbox / ticketing)
  • Coordinate with HR for data accuracy (CTC, benefits, exits)
Skills & Competencies

Mandatory

  • Strong Indian payroll compliance knowledge
  • Hands‑on experience in salary structuring and TDS computation
  • Ability to interpret payroll‑related provisions of Income‑tax Act and labour laws
  • High attention to detail and control mindset

Good to Have

  • Experience working with payroll vendors or shared service models
  • Exposure to payroll audits
  • Experience in multi‑location payroll

Qualifications & Experience

  • Bachelor's degree in Commerce / Finance / Accounting (CA‑Inter / MBA preferred but not mandatory)
  • 3–6 years of hands‑on payroll and payroll compliance experience
  • Experience in a professional services / corporate environment preferred

What Success Looks Like In This Role

  • Payroll processed accurately and on time, every month
  • Zero statutory delays or penalties
  • Clean payroll reconciliations and audit observations
  • Strong ownership, minimal follow‑ups, and high process discipline

More Info

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About Company

Job ID: 146838707