Manager Payroll And Compliance || Leading NBFC || Mumbai

Job Title: Manager - Payroll and Compliance

Company - Leading NBFC

Location: Mumbai (Lower Parel)

CTC - Max Up to 11 Lac Fixed + Variable

Key Responsibilities:

Payroll Management:

Administer and process payroll on a regular basis (weekly, bi-weekly, or monthly).

Ensure timely and accurate disbursement of salaries and benefits to employees.

Calculate and verify wages, overtime, bonuses, commissions, and deductions.

Process payroll adjustments (e.g., salary changes, bonuses, etc.).

Maintain employee payroll records and update payroll data in the system.

Tax Compliance:

Prepare and file required federal, state, and local tax documents (e.g., W-2s, 1099s, and other filings).

Ensure accurate payroll tax calculations and deductions, including social security, Medicare, and other mandatory contributions.

Coordinate with external tax advisors and agencies for any audits or queries.

Stay updated on changes to tax laws and employment regulations to ensure compliance.

Regulatory Compliance:

Ensure compliance with all relevant labor laws, including the Fair Labor Standards Act (FLSA), the Family and Medical Leave Act (FMLA), and other

statutory requirements.

Monitor and adhere to local, state, and national regulatory requirements affecting payroll and employment practices.

Prepare reports for government agencies (e.g., EEO reports, ACA compliance, etc.).

Conduct internal audits to ensure payroll and compliance processes are being followed accurately.

Employee Communication:

Act as a point of contact for employees regarding payroll-related queries, including pay discrepancies, tax forms, deductions, etc.

Address and resolve payroll issues or concerns in a timely and professional manner.

Skills:

Attention to detail and a high level of accuracy in managing payroll.

Strong analytical skills and the ability to solve payroll-related issues.

Excellent communication skills to effectively interact with employees and external agencies.

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