14 Nov
|
Viatris
|
Hyderabad
Job Summary We are seeking a detail-oriented and experienced Payroll & Statutory Compliance professional to manage end-to-end India payroll operations and ensure compliance with all applicable statutory and regulatory requirements. The role will be responsible for payroll processing, payroll audits, statutory deductions, tax compliance, vendor coordination, MIS reporting, final settlements, and employee support while ensuring accuracy, confidentiality, and adherence to labor laws.
Key Responsibilities
Payroll Management
• Manage end-to-end monthly payroll processing for all employees in coordination with the payroll service provider.
• Prepare, validate, and consolidate payroll inputs including attendance, leave, reimbursements, incentives, deductions, and salary revisions.
• Review payroll outputs, pay registers, and variance reports to ensure accurate salary processing.
• Maintain and update employee payroll records, master data, and payroll documentation.
• Process expatriate payroll inputs and ensure compliance with applicable regulations.
• Support annual compensation revisions, performance pay calculations, and payroll-related PMS activities. Statutory Compliance
• Ensure timely and accurate compliance with all payroll-related statutory requirements including:
• Provident Fund (PF)
• Employee State Insurance (ESI)
• Skilled Tax (PT)
• Tax Deducted at Source (TDS)
• Labour Welfare Fund (where applicable)
• Generate PF, ESI, and PT challans and coordinate with Finance for timely statutory payments.
• Manage PF UAN generation, KYC seeding, transfers, withdrawals, and related employee queries.
• Verify PAN details and ensure compliance with Income Tax regulations through relevant portals.
• Review and validate monthly TDS calculations and annual tax computations prepared by the payroll service provider.
• Verify employee investment declarations and actual tax proof submissions for income tax assessments.
• Monitor changes in statutory regulations and ensure payroll processes remain compliant. Payroll Audit & Controls
• Establish and maintain payroll controls to ensure accuracy and compliance.
• Conduct payroll reconciliations and validations before payroll release.
• Maintain payroll documentation to support internal and external audits.
• Ensure compliance with applicable labor laws, wage regulations, and organizational policies. MIS & Reporting
• Prepare and publish periodic reports related to:
• Payroll MIS
• Headcount reports
• Attrition reports
• Wage and manpower cost analysis
• Statutory compliance reports
• Payroll variance reports
• Generate management dashboards and provide analytical insights to support business decisions. Employee Lifecycle Management
• Process final settlements (F&F;) for separated employees in accordance with company policies and statutory requirements.
• Calculate leave encashment, gratuity, recovery adjustments, and exit payments.
• Resolve employee queries related to salary, taxation, statutory deductions, reimbursements, and payroll matters. Continuous Improvement
• Recommend process improvements to enhance payroll accuracy, efficiency, compliance, and employee experience.
• Coordinate with payroll vendors and internal stakeholders to resolve payroll-related issues.
• Support implementation, enhancement, and testing of payroll systems and automation initiatives. Required Skills & Competencies Technical Skills
• Strong knowledge of India Payroll Processing and Payroll Controls.
• Extensive experience in payroll-related statutory compliance including PF, ESI, PT, TDS, and Income Tax.
• Working knowledge of payroll software and HRMS platforms.
• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Experience in payroll reconciliation, audits, and MIS reporting. Behavioral Competencies
• Strong analytical and problem-solving skills.
• Excellent attention to detail and accuracy.
• Strong organizational and time management abilities.
• Effective communication and stakeholder management skills.
• Ability to handle confidential information with integrity and professionalism.
📌 Executive - Payroll & Statutory Compliance (Hyderabad)
🏢 Viatris
📍 Hyderabad