V5 Global

Payroll Executive

V5 Global
Shamirpet, Rangareddy
₹25,000 - ₹30,000 monthly

Fixed

₹25,000 - ₹30,000

Earning Potential

₹30,000

Work from OfficeWork from Office
Full TimeFull Time
Min. 1 yearMin. 1 year
Basic EnglishBasic English

Job highlights

6 applicants

6 applicants

Benefits include:  PF, ESI (ESIC)

Benefits include: PF, ESI (ESIC)

Job Description

Job Description – Payroll ExecutivePosition: Payroll Executive

Location: Hyderabad, Telangana

Department: Payroll / HR Operations

Employment Type: Full-Time

Experience: 1–4 Years

Industry Preference: Staffing / Recruitment / Manpower / Payroll Outsourcing

About the RoleWe are looking for a detail-oriented and experienced Payroll Executive to manage end-to-end payroll operations for employees/contract associates deployed across multiple client locations.

The candidate will be responsible for accurate and timely payroll processing, attendance and timesheet validation, statutory compliance, employee documentation, client coordination, payroll MIS, and resolution of payroll-related queries.

  • Key Responsibilities1. Payroll ProcessingManage end-to-end monthly payroll processing for contract employees and staff deployed at client locations.
  • Collect, validate, and consolidate payroll inputs including attendance, leave, overtime, incentives, reimbursements, deductions, and salary revisions.
  • Validate client-approved attendance and timesheets before payroll processing.
  • Calculate gross salary, deductions, net salary, statutory contributions, and other payroll components.
  • Ensure accurate and timely salary processing and disbursement.
  • Generate salary registers, payslips, bank statements, payroll summaries, and other payroll reports.
  • Handle payroll adjustments, arrears, incentives, overtime, and variable payments.
  • 2. Statutory ComplianceHandle monthly payroll compliance relating to PF, ESI, Professional Tax, TDS, Labour Welfare Fund, Bonus, Gratuity, and other applicable statutory requirements.
  • Prepare and verify PF/ECR and ESI-related data and coordinate timely payments/filings.
  • Maintain statutory registers, challans, returns, and supporting documentation.
  • Track statutory deadlines and ensure timely compliance.
  • Support statutory inspections, audits, and client compliance requirements.
  • 3. Staffing / Client Payroll OperationsCoordinate with clients for monthly attendance, timesheets, payroll inputs, approvals, and billing-related payroll data.
  • Maintain separate payroll trackers for different clients and deployment locations.
  • Ensure client-specific payroll policies and SLAs are followed.
  • Coordinate with HR, Recruitment, Operations, Finance, and client SPOCs for payroll closure.
  • Reconcile employee headcount, attendance, salary, and payroll data with client records.
  • 4. Employee Lifecycle ManagementProcess payroll inputs for new joiners, transfers, salary revisions, promotions, and exits.
  • Ensure proper onboarding documentation and statutory registrations.
  • Handle Full & Final Settlement (F&F) including notice pay, leave encashment, deductions, gratuity/bonus wherever applicable.
  • Process exit-related payroll documentation and final settlement.
  • Respond to employee queries related to salary, payslips, PF, ESI, deductions, tax, and F&F.
  • 5. Payroll MIS & ReconciliationPrepare monthly payroll MIS and management reports.
  • Reconcile payroll with attendance, bank payments, statutory liabilities, and accounting records.
  • Identify payroll discrepancies and ensure timely correction.
  • Maintain payroll records and audit trails.
  • Support internal, client, and statutory audits.
  • Required SkillsStrong knowledge of Indian payroll processing and statutory compliance.
  • Hands-on experience with PF, ESI, PT, TDS, LWF, Bonus and Gratuity.
  • Experience in staffing / third-party payroll / manpower outsourcing will be strongly preferred.
  • Good knowledge of Advanced MS Excel – VLOOKUP/XLOOKUP, Pivot Tables, SUMIF/SUMIFS, IF formulas, data validation, etc.
  • Experience with payroll software / HRMS / ERP.
  • Strong numerical and analytical skills.
  • Excellent attention to detail and accuracy.
  • Good communication and client coordination skills.
  • Ability to handle confidential employee and salary information.
  • Ability to work under strict monthly payroll deadlines.
  • QualificationB.Com / M.Com / MBA (HR/Finance) or equivalent qualification.
  • 2–4 years of relevant payroll experience.
  • Candidates with experience handling 500+ employees / contract workforce will be preferred.
  • Key Performance Indicators (KPIs)100% accurate and timely payroll processing.
  • Timely statutory payments and filings.
  • Minimal payroll errors and employee complaints.
  • Timely closure of client payroll inputs.
  • Accurate payroll reconciliation and MIS.
  • Compliance with agreed payroll SLAs and timelines.

Preferred Candidate ProfileThe ideal candidate should have experience working in a staffing, manpower outsourcing, recruitment, or payroll outsourcing company and should be comfortable managing multiple clients and a high-volume employee database.

Work Location: Hyderabad

Notice Period: Immediate / 15–30 Days preferred

Job role

Work location
Work locationGenome Valley, Turkapally Village Road, Turkapally, Telangana, India
Department
DepartmentFinance & Accounting
Role / Category
Role / CategoryPayroll & Transactions
Employment type
Employment typeFull Time
Shift
ShiftDay Shift

Job requirements

Experience
ExperienceMin. 1 year
Education
EducationGraduate
Skills
SkillsPayroll management, Payroll processing, Payroll software, Employee benefits, Leave policy, Payroll inquiries
English level
English levelBasic English
Regional language
Regional languageFluent in speaking Telugu, Hindi
Age limit
Age limit21 - 35 years
Gender
GenderMale

About company

Name
NameV5 Global
Address
AddressGenome Valley, Turkapally Village Road, Turkapally, Telangana, India
Job posted by V5 Global

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You can expect a minimum salary of 25,000 INR and can go up to 30,000 INR. The salary offered will depend on your skills, experience and performance in the interview.

The candidate should have completed Graduate degree and people who have 1 to 31 years are eligible to apply for this job. You can apply for more jobs in Hyderabad to get hired quickly.

The candidate should have Basic English skills and sound communication skills for this job.

Only Male candidates can apply for this job.

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