Manager Finance
- Hexagon Capability
- 12 - 17 years
- Hyderabad
- 25 days ago
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Job Description
Responsibilities
- Oversee end-to-end payroll processing, ensuring salaries, bonuses, and deductions are accurately calculated and disbursed on time.
- Validate employee salary structures, deductions (PF, ESI, Professional Tax, TDS), and allowances in line with company policies.
- Providing Payroll inputs to the service provider, manage employee wise Gross Pay and Net Pay reconciliations, and review to ensure accuracy and compliance.
- Coordinate with HR team for employee onboarding, exits, and salary revisions for the payroll data.
- Address payroll discrepancies, ensuring timely resolution of salary-related concerns.
- Handling Employee salary taxation
- Ensure payroll compliance with Indian labor laws, including EPF, ESI, Gratuity, and Professional Tax.
- Salary accounting in ERP and reconciliations with GL
- Handling audits (Statutory, Tax and Internal) for the compensation data
- Stay updated with changes in tax regulations and labor laws, ensuring smooth implementation.
- Handle accurate calculation, deduction, and remittance of TDS, PF, ESI, LWF, and other statutory obligations.
- File periodic statutory returns (PF, ESI, TDS, etc.) with relevant government authorities.
- Liaise with auditors, tax consultants, and government bodies during audits or inspections.
- Manage payroll software, automation tools, and digital payroll systems to enhance efficiency.
- Maintain payroll records, ensuring data security and confidentiality.
- Streamline payroll processes, reduce errors, and improve operational efficiency through automation and best practices.
- Conduct regular payroll audits to identify and correct discrepancies.
- Manage employee benefits such as gratuity, leave encashment, medical reimbursements, and performance bonuses.
- Oversee salary structuring, ensuring tax-efficient pay components for employees.
- Coordinate with finance and HR teams for bonus payouts, incentive structures, and reimbursement claims.
- Assist in preparing payroll budgets and forecasts, analyzing salary expenses for financial planning.
- Generate payroll reports, including headcount costs, tax summaries, and compliance reports, for management review.
- Address employee queries regarding salary calculations, tax deductions, and benefits.
- Handle payroll grievances and resolve discrepancies in a timely manner.
- Conduct payroll-related training and awareness sessions for employees when necessary.
- Ensure payroll-related policies align with company and regulatory standards.
- Mitigate risks related to salary payments, fraud prevention, and payroll system security.
Education / Qualifications
- B.com/M.com preferably with MBA (Finance)
- 12+ years of payroll experience, preferably in a finance function.
- Experience handling payroll in large organizations or multinational companies is advantageous.
- Strong knowledge of Indian payroll laws, tax regulations, and compliance requirements.
- Advanced knowledge in Excel and knowledge on Power BI is preferred
- Familiarity with Income Tax, PF, ESI, and labor laws.
- Strong analytical skills with experience in reporting and KPI tracking.
- Excellent communication and stakeholder management skills
- Working Knowledge on Microsoft Dynamics Business Central ERP (Navision)
Job Classification
Industry: IT Services & ConsultingFunctional Area / Department: Finance & AccountingRole Category: FinanceRole: Finance ManagerEmployement Type: Full timeContact Details:
Company: Hexagon CapabilityLocation(s): Hyderabad+ View Contact
Keyskills: finance function ERP payroll processing Income Tax stakeholder management PF tax regulations ESI reconciliations
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