Payroll Executive

Company Description

Metro Brands Limited (MBL), established in January 1977, is one of India's leading footwear specialty retailers with a legacy dating back to its first store in Mumbai in 1955. Operating 598 stores across 136 cities as of September 30, MBL is a proud platform of renowned brands like Metro Shoes, Mochi, Walkway, and exclusive premium brands such as DaVinchi and J. Fontini. The company recently acquired Cheemo, an artisanal brand for ethnic handbags and footwear. With a strong vendor network, international sourcing capabilities, and an advanced supply chain, Metro Brands ensures top-notch customer satisfaction and stays ahead in introducing fresh and innovative designs. Supported by over 4,000 dedicated employees, Metro Brands is a professional and values-driven organization committed to excellence in service.

Role Description

We are seeking a dedicated Payroll Executive to join our team on a full-time basis. This on-site role, based in Mumbai, involves managing the company's payroll process, ensuring timely and accurate salary disbursements, and compliance with statutory regulations. Daily responsibilities include maintaining payroll records, handling employee queries, and collaborating with the finance and HR teams to ensure efficiency. The Payroll Executive will also ensure adherence to internal policies while continuously contributing towards process improvement initiatives within the payroll domain.

Years of Experience : 2-3 Years

Location : Kurla West

Roles & Responsibilities

1. Payroll Processing

• Manage monthly salary processing including inputs, validation, and disbursement.
• Ensure accurate calculation of earnings, deductions, arrears, bonuses, and full & final settlements.
• Coordinate with HR and Finance for timely input closures and approvals.

2. Taxation & TDS Returns

• Calculate and deduct monthly TDS on salaries as per Income Tax regulations.
• Prepare and file quarterly TDS returns (Form 24Q).
• Issue Form 16 to employees within the prescribed timelines.

3. Compliance Management

• Ensure adherence to all statutory requirements including PF, ESIC, PT, LWF, and other applicable labor laws.
• Liaise with external consultants/auditors for statutory audits and inspections.
• Maintain updated records for all statutory filings and challans.

4. Insurance Administration

• Handle end-to-end employee insurance lifecycle addition, deletion, claims coordination, and policy renewal.
• Coordinate with insurance providers for premium quotations, negotiation, and onboarding.

5. Provisions & Reconciliation

• Prepare monthly payroll-related provisions (gratuity, leave encashment, bonus, etc.).
• Reconcile payroll-related accounts with finance including salary payments, statutory deductions, and insurance premiums.
• Ensure accuracy in general ledger mapping and audits.

Interested candidates can send resumes on [Confidential Information]