Payroll & Compliance Specialist (Hyderabad)

Payroll & Compliance Specialist (Hyderabad)

17 Sep
|
Costco
|
Hyderabad

17 Sep

Costco

Hyderabad

Position Summary
India Payroll & Compliance specialist will be responsible for managing end-to-end payroll operations and ensuring strict regulatory compliance for Costco GCC in India. This role requires a meticulous approach to data validation, a deep understanding of Indian labor laws, and the ability to collaborate effectively with internal finance teams and external stakeholders.
Job Duties/Essential Functions:
Payroll Execution & Support:
- Input Processing : Execute the end-to-end payroll cycle, including the creation and submission of inputs (variable pay, allowances, bonuses, and salary adjustments) for two monthly payroll runs
- Data Validation : Perform rigorous checks and validation on salary pay register outputs to ensure 100% accuracy before payroll processing
- Disbursement & Settlement : Facilitate timely salary disbursements, coordinate with finance for NPS remittances and PT inputs, and manage payslip upload confirmations
- Variance Management : Conduct regular payroll variance reporting to identify and resolve discrepancies promptly
- Year-End Operations :



Support year-end activities, including investment proof collection, tax computation updates, and Form 16 distribution coordination
- Recent Joiner Setup : Onboard new hires into payroll, including bank details, tax declarations and statutory enrolments (PF/ESI/UAN)
- Full & Final Settlement : Process full-and-final settlements for exiting employees, including recoveries and gratuity computation
- Payroll Vendor Coordination : Coordinate the outsourced payroll provider relationship, including service levels, accuracy, escalation and periodic review

Compliance Execution:
- Statutory Filing : Execute monthly and yearly statutory filings, including PF reports, LWF payments, ESIC returns, and Minimum Wage filings, working in coordination with designated compliance partners.
- Documentation & Reporting : Maintain the Compliance Calendar, track deadlines for statutory renewals (S&E;), and ensure the Employ

📌 Payroll & Compliance Specialist (Hyderabad)
🏢 Costco
📍 Hyderabad

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