Talent.com
Compensation & Benefits Specialist

Compensation & Benefits Specialist

Axis Capital Ltd.Republic Of India, IN
1 day ago
Job description

About the Role

Payroll Specialist will be responsible for managing end-to-end payroll operations with a strong focus on accuracy, compliance, and timely processing. This role requires deep knowledge of Indian payroll practices, Income Tax regulations, compensation structures, benefits administration, and equity-related calculations (ESOP / ESU). The ideal candidate will work closely with HR, Finance, and employees to ensure seamless payroll execution and high-quality service delivery.

Responsibilities

  • Prepare, validate, and process monthly payroll inputs, including new joiners, exits, variable pay, reimbursements, and adjustments.
  • Ensure accurate and timely payroll processing in line with statutory requirements and internal timelines.
  • Reconcile payroll outputs with Finance;

ensure error-free salary disbursement.

  • Manage statutory compliance : PF, ESI, PT, TDS, Bonus, Gratuity, etc.
  • Process Full & Final settlements for exiting employees, including notice periods, leave encashment, recoveries, and tax implications.
  • Ensure timely coordination with HR, IT, and Finance for seamless offboarding and settlement closure.
  • Manage one-time payments such as joining bonuses, retention bonuses, ex gratia, incentives, and special payouts with correct tax treatment.
  • Stay updated on current Income Tax rules in India and apply them accurately in payroll computations.
  • Address employee queries related to investments, tax declarations, exemptions, salary structure, and payslips.
  • Educate employees on tax-saving options and compliance requirements.
  • Maintain accurate payroll records, dashboards, monthly MIS, and audit logs.
  • Qualifications

    Bachelor’s degree in commerce, Finance, HR, or related field.

    Experience

  • 4-10 years of hands-on experience in Compensation & Benefits and payroll roles.
  • Proven experience in end-to-end payroll, F&F settlements, and handling one-time payouts.
  • Strong knowledge of Indian payroll compliance and taxation.
  • Required Skills

  • Advanced Excel proficiency (pivot tables, lookups, reconciliations, formulas).
  • Strong understanding of Indian Income Tax, investment proofs, exemptions, and payroll taxation rules.
  • Expertise in C&B, pay structures, ESOP / ESU calculations, and benefits administration.
  • Hands-on experience with HRIS / payroll systems (SAP, Oracle).
  • High attention to detail with strong analytical and numerical accuracy.
  • Excellent communication skills with the ability to handle employee queries professionally.
  • Strong integrity and ability to maintain confidentiality.
  • We are an equal opportunity provider and offer employment to all job seekers including individuals with disabilities

    Create a job alert for this search

    Compensation Specialist • Republic Of India, IN

    Related jobs
    • Promoted
    HR Payroll Specialist (US)

    HR Payroll Specialist (US)

    Alp Consulting Ltd.Nagpur, IN
    Oversee the full cycle of multi-state payroll processing for salaried and hourly employees, ensuring accuracy, timeliness, and compliance with all applicable laws and regulations.Respond to payroll...Show moreLast updated: 15 days ago
    • Promoted
    Compensation Benefits Specialist

    Compensation Benefits Specialist

    MphasisIndia, India
    Role : Workday Compensation & Benefit Consultant (Implementation Exp).Looking for 6-10 years of experience in Compensation & Benefits, preferably in the pharmaceutical or healthcare industry.Compens...Show moreLast updated: 30+ days ago
    • Promoted
    Benefits Specialist III

    Benefits Specialist III

    ConfidentialIndia
    Dayforce is a global human capital management (HCM) company headquartered in Toronto, Ontario, and Minneapolis, Minnesota, with operations across North America, Europe, Middle East, Africa (EMEA), ...Show moreLast updated: 21 days ago
    • Promoted
    • New!
    Sales Development Representative (Appointment booking Specialist)

    Sales Development Representative (Appointment booking Specialist)

    ScoutreachNagpur, IN
    Scoutreach is a performance-driven lead-gen agency that books qualified meetings for B2B companies around the globe.Our outbound engine runs 24 / 7—and your inbox mastery will keep it humming.Optimiz...Show moreLast updated: 13 hours ago
    • Promoted
    Compensation Specialist

    Compensation Specialist

    ConfidentialIndia
    Compensation Strategy and Planning.Support in developing and implementing compensation strategies and structures aligned with the organization's policies, while considering local market conditions ...Show moreLast updated: 21 days ago
    • Promoted
    Compliance and Contracts Specialist

    Compliance and Contracts Specialist

    EmeritusIndia, India
    The Compliance & Contract Management Services Department is looking for a Compliance and Contracts Associate to assess, analyze, draft, review, negotiate and finalize contracts, compliance, invoice...Show moreLast updated: 17 days ago
    • Promoted
    Compliance Specialist – Affordable Housing (LIHTC)

    Compliance Specialist – Affordable Housing (LIHTC)

    Castellan Real Estate PartnersIndia, India
    Compliance Specialist – Affordable Housing (LIHTC).Remote (Based in India, supporting California projects).Full-time | Must be available to work in Pacific Standard Time (PST) overlap hours.We are ...Show moreLast updated: 17 days ago
    • Promoted
    • New!
    Training and Development Specialist - 50822

    Training and Development Specialist - 50822

    TuringNagpur, IN
    Based in San Francisco, California, Turing is the world’s leading.AI labs and a trusted partner for global enterprises deploying advanced AI systems. Turing supports customers in two ways : first, by...Show moreLast updated: 13 hours ago
    • Promoted
    Peoplesoft Consultant

    Peoplesoft Consultant

    People Tech Group IncNagpur, IN
    Techno-Functional PeopleSoft HCM Consultant.We are seeking a Techno-Functional PeopleSoft HCM Consultant to support Core HR, Benefits, Payroll, and Time & Labor modules. The consultant will bridge b...Show moreLast updated: 1 day ago
    • Promoted
    Compensation Benefits Specialist

    Compensation Benefits Specialist

    ConfidentialIndia
    Role : Workday Compensation & Benefit Consultant (Implementation Exp).Looking for 6-10 years of experience in Compensation & Benefits, preferably in the pharmaceutical or healthcare industry.Compens...Show moreLast updated: 1 day ago
    • Promoted
    Senior Manager Compensation Benefits Manager

    Senior Manager Compensation Benefits Manager

    Husk PowerRepublic Of India, IN
    This position will play a pivotal role in shaping Husk’s total rewards strategy, ensuring fairness, competitiveness, and alignment with global best practices. The incumbent will oversee end-to-end c...Show moreLast updated: 7 days ago
    • Promoted
    Configuration Specialist

    Configuration Specialist

    USTNagpur, IN
    Role : Configuration Analyst (US Healthcare).Location : Chennai, Trivandrum, Kochi.We are looking for a highly skilled.Healthcare domain, preferably with experience in. The ideal candidate should poss...Show moreLast updated: 1 day ago
    • Promoted
    Product Specialist- Asset Liability Management

    Product Specialist- Asset Liability Management

    AciesNagpur, IN
    Highlight of the engagement opportunity.Number of years of experience expected : .Areas of part experienced preferred : . Asset-liability management (ALM) / Liquidity risk / IRRBB / Risk consulting.Educ...Show moreLast updated: 1 day ago
    • Promoted
    Lead Compensation & Benefits

    Lead Compensation & Benefits

    TaggdRepublic Of India, IN
    The role holder enables attraction, engagement and retention of right talent for business needs, by designing and implementing remuneration & rewards frameworks, policies and packages, that are mar...Show moreLast updated: 30+ days ago
    • Promoted
    Workday Benefits Certified Consultant

    Workday Benefits Certified Consultant

    ConfidentialIndia
    Full-Time | Contract / Direct Hire (Depending on Client Need).Workday Benefits Certified Consultant.This position requires strong functional expertise with the. EDI integrations, and vendor coordina...Show moreLast updated: 21 days ago
    • Promoted
    Entity Compliance Specialist

    Entity Compliance Specialist

    MultiplierNagpur, IN
    The global hiring revolution is shaping a future where talent can thrive everywhere, driving innovation and progress on a global scale. Multiplier is at the forefront of this change.By removing barr...Show moreLast updated: 1 day ago
    • Promoted
    • New!
    Performance Specialist

    Performance Specialist

    Genisys GroupNagpur, IN
    Key Requirement for the Position.Experience : 2+ years in managing paid search campaigns on Google Ads and / or Microsoft Ads. Certifications : Google Ads Certification required; Microsoft Ads Accredita...Show moreLast updated: 13 hours ago
    • Promoted
    Lead- Compensation & Benefits

    Lead- Compensation & Benefits

    IIFL Capital Services LimitedRepublic Of India, IN
    The Lead – Compensation & Benefits will be responsible for designing, implementing, and managing compensation and benefits strategies that align with business objectives, attract and retain top tal...Show moreLast updated: 30+ days ago