Compensation and Benefits - Payroll [Asst. Manager / Dy. Manager]

Role Overview
We are seeking a detail-oriented and experienced Compensation and Benefits - Payroll [Asst. Manager / Dy. Manager] to manage end-to-end payroll operations, full & final settlements, and statutory compliance. The ideal candidate will have hands-on experience with payroll systems (preferably SAP), strong analytical skills, and the ability to ensure accuracy and compliance in payroll processing.
Key Responsibilities
1. Payroll Management
Maintain and update employee records including personal details, bank information, Aadhaar, PAN, and salary structure in SAP.
Collect and consolidate payroll inputs such as shift allowances and other variable components from stakeholders.
Process monthly payroll accurately within defined timelines.
Validate payroll outputs to ensure correctness and compliance.
Share payroll reports with leadership for review and obtain necessary approvals.
Prepare final salary approval documents and coordinate with Finance for disbursement.
Generate and share bank advice statements with Finance for salary processing.
2. Full & Final Settlement (FnF)
Maintain and track Full & Final Settlement (FnF) records.
Ensure issuance of relieving letters on the employee’s last working day.
Complete FnF settlements within the timeline of the month.
Handle absconding cases by initiating duty reporting notices or termination communications.
Coordinate with Finance for timely release of FnF payments.
3. Statutory Compliance
Ensure timely and accurate statutory contributions and filings as per regulatory requirements.
Prepare Professional Tax (PT) files and coordinate with Finance for payments.
Work closely with internal teams to ensure compliance adherence at all intervals.
Maintaining reports to support audit and compliance requirements, as well as management review.
Key Skills & Competencies
Strong knowledge of payroll processing and statutory compliance.
Hands-on experience with SAP payroll or similar ERP systems.
High attention to detail and accuracy.
Good communication and stakeholder management skills.
Ability to handle confidential information with integrity.
Strong organizational and time management skills.
Strong in Audit Reporting's
Preferred Qualifications
MBA in HR / Finance.
Experience in handling end-to-end payroll for mid to large-sized organizations.
Familiarity with Indian statutory requirements (PF, ESI, PT, etc.).