Payroll Specialist
TekFriday Processing Solutions · Hyderabad · onsite · Posted 7d ago
Not disclosedFresherfulltimeSourced from
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About this role
We are looking for an experienced Payroll Specialist to independently manage end-to-end payroll for 1,000+ employees across India. The role requires strong hands-on expertise in payroll processing, statutory compliance, payroll taxation, reconciliation, statutory filings, maintenance of mandatory registers, and payroll audits.
The ideal candidate should be capable of owning the complete payroll cycle—from validating employee inputs and attendance data to salary disbursement, statutory remittances, returns, reconciliation, and audit readiness—while ensuring accuracy, confidentiality, and compliance with applicable Indian labour and payroll regulations.
Key Responsibilities.
End-to-End Payroll Management
The ideal candidate should be capable of owning the complete payroll cycle—from validating employee inputs and attendance data to salary disbursement, statutory remittances, returns, reconciliation, and audit readiness—while ensuring accuracy, confidentiality, and compliance with applicable Indian labour and payroll regulations.
Key Responsibilities.
End-to-End Payroll Management
- Own and execute monthly payroll processing for 500+ employees with a strong focus on accuracy and timely closure.
- Validate payroll inputs including new joiners, exits, attendance, leave, LOP, salary revisions, promotions, incentives, bonuses, arrears, reimbursements, deductions and other variable components.
- Calculate monthly earnings and deductions including Basic, HRA, allowances, incentives, overtime, arrears, LOP and recoveries.
- Manage Full & Final (F&F) settlements, leave encashment, notice-period recovery/payments, gratuity and other separation-related payments.
- Perform pre-payroll and post-payroll validations and variance analysis before payroll sign-off.
- Prepare bank advice/payment files and coordinate timely salary disbursement.
- Generate and distribute payslips and other payroll-related employee documents.
- Maintain payroll calendars, checklists and maker-checker controls to ensure timely payroll closure.
- Ensure payroll complies with applicable Indian labour, employment, social-security and taxation requirements.
- Manage compliance relating to Provident Fund (PF/EPF), ESI, Professional Tax (PT), Labour Welfare Fund (LWF), TDS and other applicable payroll-related statutory requirements.
- Manage PF processes including UAN-related activities, ECR preparation, contribution reconciliation and statutory remittances.
- Manage ESI contributions, employee coverage changes, challans and reconciliations.
- Calculate and deduct Professional Tax based on applicable state requirements.
- Manage LWF deductions and contributions wherever applicable.
- Ensure statutory payments, challans, returns and filings are completed within prescribed timelines.
- Track changes in statutory requirements, wage definitions, contribution limits, tax rules and other payroll-related regulatory changes and implement them appropriately.
- Coordinate with Finance, HR, auditors, consultants and statutory authorities wherever required.
- Manage employee income-tax computation and monthly TDS deductions.
- Validate employee tax declarations and investment proofs.
- Handle tax regime selections and applicable payroll tax calculations.
- Reconcile payroll TDS with Finance records and statutory filings.
- Support quarterly TDS return processes and reconciliation of payroll-related tax data.
- Manage Form 16 preparation, reconciliation and issuance within statutory timelines.
- Handle employee tax queries and corrections relating to payroll taxation.
- Maintain all applicable payroll, wage and statutory registers in the prescribed format, whether electronically or physically as required.
- Ensure maintenance of applicable records/registers relating to wages, deductions, fines, advances, overtime, attendance, leave, bonus and other employment/payroll records.
- Ensure registers and supporting documentation are updated accurately and retained for the prescribed period.
- Maintain employee-wise statutory contribution and deduction records.
- Ensure payroll documentation is readily available for internal audits, statutory inspections, due diligence and external audits.
- Maintain a compliance calendar covering all payroll-related filings, payments, returns and register requirements.
- Perform monthly payroll reconciliation against the previous month's payroll and approved HR inputs.
- Reconcile gross salary, net salary, employee count, statutory deductions, employer contributions, TDS and bank payout amounts.
- Reconcile payroll outputs with Finance/General Ledger and resolve differences before closure.
- Maintain clear audit trails for all payroll adjustments and manual interventions.
- Identify payroll discrepancies, investigate root causes and implement corrective and preventive controls.
- Ensure appropriate segregation of duties, access controls and confidentiality of payroll information.
- Act as the primary payroll point of contact for internal, statutory and external audits.
- Provide payroll registers, challans, returns, reconciliations and supporting documentation during audits and inspections.
- Track audit observations and ensure timely closure of payroll-related findings.
- Conduct periodic payroll compliance checks to identify potential gaps before statutory or internal audits.
- Coordinate with payroll vendors/consultants where applicable while retaining internal ownership of payroll accuracy and compliance.
- Ensure accurate payroll setup for new employees.
- Process salary revisions, promotions, transfers and other compensation changes.
- Manage employee exits and timely Full & Final settlements.
- Respond to employee queries relating to salary, deductions, PF, ESI, tax, Form 16, F&F and other payroll matters.
- Maintain employee payroll data with a high degree of confidentiality and accuracy.
Sourced from foundit
Skills
Form 16 preparationMaintenance of mandatory registersStatutory Compliancestatutory filingsPayroll auditsPayroll reconciliationPayroll taxationPayroll Processingreconciliation
About TekFriday Processing Solutions
TekFriday Processing Solutions
IT Services & Consulting
203
employees
2013
13 years old
Hyderabad/Secunderabad, Telangana
India
₹6.5L PA avg
Avg at TekFriday Processing Solutions
About
TekFriday is a nascent technology solution company founded last year by individuals who have a collated total of 50 years' experience delivering quality products and services in the Alternative Financial Services domain. The company, having footprints in both Miami, FL and Hyderabad, India is founded by professionals in the Short-Terms loan industry. TekFriday is, a dynamic and young company, on an aggressive growth path to expand from its core team of 40 people having diverse skills, backgrounds but united in its goal to put a mark on the Alternative Financial Services domain and be the best. TekFriday is building solutions which are geared towards being industry leaders and pioneering ground-breaking solutions to the Short-Term Loan Industry in North America.
Industries
IT Services & ConsultingFinancial Services
Employee ratings
10 reviews
3.6/ 5
Culture
2.9
Career growth
2.5
Work-life
3.2
Employees rate it well for
Overall Company36Work-Life Balance35
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