Overview:
The Payroll Specialist is responsible for accurately processing and managing payroll activities for employees within the organization. This role ensures that all payroll-related tasks are executed in compliance with company policies, legal requirements, and industry best practices.
Key Responsibilities:
1. Payroll Processing: Accurately process employee payroll on a timely basis, including salary, wages, overtime, bonuses, and other payroll-related adjustments. This shall also include Payroll Standardization and Restructuring if and whenever required, keeping the remuneration package in line with the industry.
2. Data Management: Structure and Maintain employee remuneration accounts and records, including those of new hires, terminations, time and attendance data, and other relevant payroll information. This also includes maintaining and timely updating the record of non-cash benefits on account of employees with close coordination with the Inventory, Administration and Logistics dept. Maintain comprehensive and organized payroll records, ensuring confidentiality and security of sensitive employee information. Oversee the attendance and timekeeping system, and leave management to address any discrepancies in attendance and leave balances, impacting payroll.
3. Tax & Policy Compliance: Ensure accurate and timely deduction of income tax from employees and ensure compliance in coordination with Finance Dept for payroll withholding taxes as well as other withholdings, such as on-payment benefits and/or TA/DA advances or Loans etc.
5. Payroll Reconciliation: Perform regular payroll post-disbursement audits and reconciliations to ensure accuracy and identify any discrepancies for earliest resolution and/or arrears management in the next payroll.
6. Compliance and Reporting: Stay updated on payroll laws and regulations and ensure compliance with relevant legislation. Prepare and submit payroll-related reports to government agencies, as required. 8. Employee Inquiries: Coordinating with the recruitment team and the rest of the HR team to respond promptly and professionally to employee inquiries related to payroll, benefits, and other compensation matters.
10. Process Management: Continuously identify opportunities for process improvement and efficiency enhancements within the payroll function. In addition, the ideal candidate should be able to devise clarity in payroll processes and provide input to the internal Dev Team for the development of Payroll Management in internal HRMS as part of process automation.
Requirements:
- Bachelor's and/or Masters degree in Management Sciences with HR/Accounting/Finance or a related field (or equivalent work experience).
- Proven experience as a payroll specialist or similar role, with a strong understanding of payroll processing, relevant laws, including tax regulations, and benefits administration.
- Proficient in Microsoft Office especially Advanced Excel for payroll management. Experience with any HRIS or Payroll Software is a plus.
- Strong attention to detail, accuracy, and confidentiality in handling sensitive employee information. - Excellent communication skills, both written and verbal, with the ability to interact effectively with employees and stakeholders.
- Strong analytical and problem-solving skills to resolve payroll-related issues efficiently.
- Ability to work under tight deadlines and handle multiple tasks simultaneously. Join our team as a Payroll Specialist and contribute to ensuring smooth and compliant payroll processes, supporting our employees' financial well-being.
Job Type: Full-time
Salary: Rs80,000.00 - Rs90,000.00 per month
Ability to commute/relocate:
- Rawalpindi: Reliably commute or planning to relocate before starting work (Required)
Education:
- Bachelor's (Required)
Experience:
- Payroll Processing,: 3 years (Required)
- Tax regulations: 3 years (Required)
- Advanced Excel for payroll management: 3 years (Required)
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