11 Oct
|
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 New 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 Employee Notice Board remains current with all mandatory documentation.
Regulatory Support : Support the execution of employment exchange (X-6) filings and monitor CLRA headcounts for contractors on a monthly basis.
Audit Readiness : Ensure all statutory registers, attendance documentation, and wage records are organized and maintained for periodic audit requirements.
Salary TDS Support : Support the computation, deduction and reconciliation of salary TDS. Provide inputs for quarterly TDS returns to the Finance team Actuarial Data : Provide gratuity and leave-encashment data to the Finance team to enable actuarial valuation at year end
Data and Controls: Payroll Master Data : Maintain payroll master data and reconcile it against the HRIS employee master to ensure a consistent single source of truth Payroll Cost Reconciliation :
Reconcile payroll cost to the general ledger with the Finance team each payroll cycle
Non-Essential Functions: Responsible for continued personal growth in the areas of technology, business knowledge and company policies and platforms. Assists in other areas of the department as necessary.
Experience, Skills, Education & Licenses/Certifications:
Required: Hands-on Experience : 5+ years of operational experience in HR Operations, with a proven track record in end-to-end payroll processing and statutory compliance within the Indian regulatory framework Technical Proficiency : Strong proficiency in Excel (for data validation and reporting) and experience with HRIS/Payroll platforms Regulatory Knowledge : Solid understanding of Indian labor laws, specifically PF, ESI, LWF, PT, and CLRA provisions Payroll Tax & Provisioning : Working knowledge of salary TDS computation and reconciliation and of gratuity and leave-encashment data requirements for actuarial valuation Operational Detail : Ability to manage high-volume, routine tasks with high attention to detail and zero-error tolerance Coordination Skills : Ability to effectively communicate and follow up with finance teams, compliance vendors, and internal stakeholders to close out action items
Recommended: Experience with full life-cycle implementation projects Experience managing an outsourced payroll provider relationship Solid understanding of HR and Payroll best practices Proficient in Google Workspace applications, including Sheets, Docs, Slides, and Gmail
📌 Payroll & Compliance Specialist (Hyderabad)
🏢 Costco
📍 Hyderabad