Payroll Executive
Welspun World
Welspun World is one of India's fastest growing global conglomerates with businesses in Home Textiles, Flooring Solutions, Advanced Textiles, DI Pipes, Pig Iron, TMT bars, Stainless Steel, Alloy, Line Pipes, Infrastructure & Warehousing.
At Welspun, we strongly believe in our purpose to delight customers through innovation and technology, achieve inclusive & sustainable growth to remain eminent in all our businesses. From Homes to Highways, Hi-tech to Heavy metals, We lead tomorrow together to create a smarter & more sustainable world.
Job Purpose/ Summary
We are looking for a Payroll Executive with strong expertise in payroll processing, bank upload activities, statutory compliance payments, and statutory updates. The candidate should possess sound knowledge of payroll operations, compliance regulations, and salary processing activities.
Job Title
Payroll Executive
Job Description
We are looking for a Payroll Executive with strong expertise in payroll processing, bank upload activities, statutory compliance payments, and statutory updates. The candidate should possess sound knowledge of payroll operations, compliance regulations, and salary processing activities along with Banking portals.
Principal Accountabilities
Process monthly payroll accurately and within defined timelines ensuring all data is correctly entered and verifiedbr Handle salary bank uploads validate bank transfer files and ensure timely salary disbursementsbr Manage statutory compliance payments including Provident Fund PF Employee State Insurance Corporation ESIC Professional Tax PT Labour Welfare Fund LWF and Tax Deducted at Source TDSbr Prepare and upload statutory challans and returns ensuring compliance with government regulationsbr Maintain comprehensive payroll records and employee salary data ensuring data integrity and confidentialitybr Coordinate with banks to resolve salary credit issues and ensure smooth transactionsbr Stay informed about statutory updates and implement necessary changes as per government notificationsbr Handle Full and Final FNF settlements and reimbursement processing with accuracy and efficiencybr Prepare Management Information System MIS reports related to payroll and compliance for internal review and decisionmakingbr Collaborate with HR Finance and Compliance teams to ensure smooth payroll operations and address any discrepancies or issuesbr Resolve employee queries related to salary tax deductions and compliance providing clear and accurate information
Key Interactions
Stakeholder Engagement ,Cross-Functional Collaboration ,Client Relations ,Team Leadership ,Project Coordination ,Vendor Management ,Regulatory Compliance ,Risk Assessment ,Financial Auditing ,Data Analysis
Experience
2
Competency Name
Competency Name Proficiency Level Business & Commercial acumenExpert EntrepreneurshipExpert Global Mind-setExpert People ExcellenceExpert Payroll ManagementProficient Labour LawsProficient Software and ToolsProficient ExcelProficient
Additional Section (Can Be Added, If Required.
NA