Payroll Associate - Thane

Job Description: F&F, Payroll & Compliance Specialist

Location: Thane, Mumbai

Experience: 4–6 Years

Employment Type: Full-Time

Role Focus: 70% F&F | 20% Payroll | 10% Compliance

Role Overview

We are looking for a detail-oriented and experienced F&F, Payroll & Compliance Specialist to primarily manage the Full & Final Settlement (F&F) lifecycle, while also supporting payroll processing and statutory compliance activities.

The ideal candidate should have strong hands-on experience in employee separation processes, F&F calculations, payroll inputs, statutory deductions, and HR operations. The role requires excellent attention to detail, strong stakeholder coordination, and the ability to independently manage high-volume employee lifecycle transactions.

Key Responsibilities

1. Full & Final Settlement – 70%

• Manage the complete Full & Final Settlement process for employees across various business functions.
• Ensure timely and accurate calculation of:
• Salary payable
• Leave encashment
• Notice period recovery / buyout
• Incentives and variable pay
• Reimbursements
• Bonus and other applicable components
• Deductions and recoveries
• Loans / advances
• Asset recoveries
• Validate employee attendance, leave records, salary data, exit inputs, and other relevant information before processing F&F.
• Coordinate with HR, Finance, Payroll, Business HR, and other stakeholders to ensure timely F&F closure.
• Handle and resolve employee queries related to F&F calculations, deductions, and settlement timelines.
• Prepare and ensure accurate release of F&F statements and settlement-related documents.
• Track pending F&F cases and ensure closure within defined TAT.
• Identify discrepancies and proactively resolve F&F-related issues.
• Maintain accurate records and reporting related to employee separations and F&F.
• Coordinate exit clearance and ensure timely closure of asset, finance, and other recoveries.
• Drive process improvements to make the F&F process more efficient, accurate, and error-free.

2. Payroll – 20%

• Support monthly payroll processing by providing and validating accurate employee inputs.
• Coordinate with HR and payroll teams on:
• New joiners
• Employee exits
• Salary revisions
• Leave and attendance
• Incentives / variable pay
• Deductions and recoveries
• Arrears and adjustments
• Perform payroll input validation and reconciliation before payroll closure.
• Assist in resolving payroll-related employee queries.
• Coordinate with internal stakeholders and payroll vendors, wherever applicable.
• Ensure payroll data accuracy, confidentiality, and timely submission.

3. Statutory Compliance – 10%

• Support statutory compliance activities related to PF, ESIC, PT, LWF, TDS, and other applicable labour compliances.
• Coordinate with payroll teams and internal/external compliance partners for timely statutory filings and payments.
• Maintain employee and statutory records required for audits and compliance purposes.
• Support internal and statutory audits by providing relevant HR and payroll documentation.
• Stay updated on changes in applicable payroll and labor laws and support implementation of relevant

Preferred Candidate Profile

• Strong background in F&F and employee exit operations with the ability to independently manage the complete settlement cycle.
• Experience handling high-volume employee separations.
• Comfortable working with large employee datasets and managing tight payroll/F&F timelines.
• Strong coordination skills with HR, finance, payroll, and business teams.
• Proactive, process-oriented, and highly detail-focused.
• Candidates from EdTech, technology, retail, BPO, BFSI, or other high-volume organizations will be preferred.

Interested candidates can email resume @ [Confidential Information]