
Payroll Processing Specialist
2 weeks ago
The role of a Payroll Officer is to ensure the accurate and timely processing of employee payrolls, adhering to company policies and legal regulations. This includes managing end-to-end payroll processes, maintaining employee records, and ensuring compliance with labor laws and tax regulations.
Responsibilities:
- Process and manage employee payrolls, ensuring accuracy and timeliness.
- Maintain and update employee records, including earnings, deductions, bonuses, and benefits.
- Ensure strict adherence to labor laws, income tax regulations, and statutory requirements.
- Liaise with HR for onboarding, exits, compensation changes, and leave tracking.
- Address employee payroll queries while maintaining confidentiality and professionalism.
- Prepare monthly, quarterly, and annual payroll reports for internal use and audits.
- Manage benefits and deductions, such as provident fund, EOBI, gratuity, and other statutory contributions.
- Support month-end and year-end closing processes related to payroll and compensation.
- Manage day-to-day purchasing operations, including vendor communication, quotations, and purchase orders.
- Review and process invoices for accuracy, ensuring timely vendor payments.
- Maintain records of purchases, pricing, and budget utilization.
- Assist in evaluating vendor performance and recommending improvements.
- Coordinate with relevant departments to understand purchasing needs and timelines.
- Reconcile supplier accounts and handle discrepancies or disputes.
- Support financial reporting by providing accurate purchase and expenditure data.
- Ensure compliance with internal procurement policies and external audit requirements.
- Support Financial Analysis when required.
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