Payroll Specialist

About the Company

Founded in April 2019, Bijak is a B2B marketplace for suppliers and buyers across India’s Agri value chain. Bijak aims to bridge the information asymmetry and lack of accountability in agricultural commodities trading. Since launch, Bijak has expanded across 27 states/UT, 900 regions, and 110+ commodities. We currently have a team of 200+ and are growing on a rocket trajectory.

Website – www.bijak.in

Bijak Movie - https://tinyurl.com/BijakMovie

Bijak product

B2B traders, who control 80% of India’s USD 300 Bn Agri value chain, have limited access to technology, information, and credit. Bijak helps these customers/MSMEs discover each other along with the counter party’s rating so that customers can transact with minimal friction by accessing Bijak’s layer of trust & reliability. The suppliers and buyers are not just able to transact or discover each other but are also able to find out meta-data of each other to make a faster & reliable transaction through the application.

Founding team

The founders have been entrepreneurs, investment bankers, and venture capitalists across various organizations in the past - J.P.Morgan, Avendus Capital, Rocket Internet, Asia Innovations Group, Transit Capital, ZS Associates, etc. Please find the founder profiles here – Nukul Upadhye, Mahesh Jakhotia, Jitender Bedwal, Daya Rai and Nikhil Tripathi­. They have led & run start-ups backed by global funds such as Index Ventures, KPCB, Matrix Partners, etc.

Bijak is backed by well renowned global investors, who have invested across unicorns and have taken companies to IPO globally. Bijak has raised ~$14.5 MN (INR 110 Crores) across two rounds from Sequoia Capital, RTP Global, Omidyar Network, Omnivore Partners, Better Capital, AngelList, and Tempo ventures.

Job Brief

BIJAK seeks an experienced Payroll Specialist with strong hold in managing end-to-end process for running payroll, maintaining compliances, handling team’s queries related to payroll, taxation, PF and other benefits. Candidate should possess a strong analytical mindset, good communication skills, vendor management, attention to detail and the desire to continuously drive improvements and simplify processes.

Responsibilities

• Collecting payroll inputs, calculating, and entering data in order to maintain and update payroll information in the system
• Ensuring 100% accuracy and timelines are met in salary disbursement and other statutory compliance - PF, ESIC, PT, LWF etc
• Responsible of publishing monthly Payroll Dashboard to Senior Management
• Validating & recordkeeping for challans from vendors for Statutory compliances – PF, ESIC, PT, LWF etc.
• Managing advance payments & maintaining related schedules & recoveries for employees
• Validation of Employee Full & final settlement & payment and ensuring pay-out within timelines
• Audit coordination for internal, statutory & external vendor compliance

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  Developing ad-hoc financial and operational reporting as needed
• Manage certain time bound processes and ensure validation of data to be accurate and ethical i.e. Investments declaration, Form 16s, Tax Returns
• Responsible for MIS and Analytics regarding payroll and employee benefits with Standardization of reports for better decision making
• Assist with special projects and initiatives as needed

Must Have

• Proven working experience as a payroll executive with a solid understanding of payroll software (Keka) and industry best practices
• Knowledge and experience in statutory compliance, compensation structure, and Tax calculations
• Strong analytical and processing skills and high attention-to-detail
• A minimum 3 years of experience in Indian payroll processing
• Good knowledge of the Indian tax regime to support employees when needed
• Well-versed with HR operation processes like joining formalities, issuing letters, handling personal files of employees, statutory requirements, etc
• Good written and verbal communication skills
• Trustworthy with attention to confidentiality
• Proficient in MS Office and other relevant software applications (Keka, ESOP portal etc)