Job Description: HR Executive - Payroll (Off-Roll)

Designation: HR Executive - Payroll
Department: Human Resources
Location: Mumbai
Employment Type: Third-Party Payroll (Quess -Off-Roll)
Experience: 3-7 Years
Industry Preference: BFSI / Asset Management Companies (AMC) / Financial Services

Purpose of the Role

Nippon Life India Asset Management is looking for a detail-oriented and process-driven HR Executive with strong expertise in payroll operations, statutory compliance, and employee compensation administration. The ideal candidate should have hands-on experience in payroll processing, statutory deductions, taxation, and employee query management within BFSI, AMC, or financial services organizations.

Key Responsibilities

Payroll Management

- Manage end-to-end monthly payroll processing in coordination with payroll vendors (HGS or similar payroll partners).
- Validate employee data, salary revisions, incentives, reimbursements, full & final settlements, and payroll inputs.
- Ensure accurate and timely salary disbursement while maintaining data integrity.

Statutory Compliance

- Handle Provident Fund (PF), Employee State Insurance Corporation (ESIC), Professional Tax, Labour Welfare Fund, and other statutory compliances.
- Ensure timely filing, reconciliation, and compliance with applicable labour laws and regulations.
- Coordinate with vendors and internal stakeholders for statutory audits and compliance requirements.

Employee Support

- Resolve employee payroll-related queries within defined timelines.
- Provide support on salary structure, payslips, tax calculations,



statutory deductions, and final settlements.
- Maintain employee payroll records and documentation with confidentiality.

Reporting & Reconciliation

- Prepare payroll MIS reports, headcount reports, statutory reports, and reconciliation statements.
- Monitor payroll variance reports and ensure corrective actions where required.
- Support internal and external audits by providing required payroll documentation.

Required Skills & Competencies

- Strong knowledge of payroll processing and payroll administration.
- Hands-on experience working with payroll service providers such as HGS or equivalent.
- Sound understanding of PF, ESIC, Professional Tax,MEDICLAIM Labour Compliance, and statutory regulations.
- Positive knowledge of Income Tax provisions, TDS calculations, Form 16, and employee taxation.
- Proficiency in MS Excel, payroll systems, and HRMS platforms.
- Strong analytical, problem-solving, and stakeholder management skills.
- High level of accuracy and attention to detail.
- Ability to work under strict timelines and manage confidential employee data.

Preferred Industry Experience

- Mutual Funds
- Asset Management Companies (AMCs)
- Banking & Financial Services (BFSI)
- Insurance
- Financial Services Organizations

Experience Required

- 3-7 years of relevant experience in payroll operations, statutory compliance, and employee taxation, preferably within BFSI, Mutual Funds, AMC, or Financial Services organizations.
- Bachelors degree in human resources, Commerce, Finance, or related field. MBA/PGDM in HR will be preferred

📌 HR Executive - Payroll - Third-Party Payroll (Quess Corp) (Mumbai)
🏢 Nippon Life India AIF Management
📍 Mumbai