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Compensation and Payroll Specialist

Compensation and Payroll Specialist

L&T Semiconductor TechnologiesBengaluru, Republic Of India, IN
3 days ago
Job description

Role

Executive / Senior Executive – Compensation, Payroll & MIS

Reporting to : Lead – C&B, PMS

Workplace Classification

Corporate – Office (Bangalore)

SECTION II : ROLE SUMMARY

  • Support the design, execution, and governance of payroll, compensation, and reporting processes to ensure accuracy, compliance, and timely insights for management.

SECTION III : KEY RESPONSIBILITIES / ACCOUNTABILITIES

Payroll Processing

  • Handle end-to-end domestic payroll independently, ensuring accuracy in salary computation and payouts.
  • Manage inputs such as attendance, new joiners, exits, variable pay, and recoveries.
  • Ensure timely disbursement of salaries and coordinate with Finance for final payments.
  • Validate calculation logic for earning and deduction heads to ensure alignment with company policy.
  • Manage final settlements for resigned employees.
  • Statutory Compliance

  • Compute and validate statutory deductions including PF, ESIC, Professional Tax, and Income Tax.
  • Prepare and file quarterly TDS return (Form 24Q) on behalf of employer and handle TRACES-related notices.
  • Maintain documentation for audits and compliance reporting.
  • Support year-end activities such as Form 16 issuance and tax reconciliation.
  • MIS & Reporting

  • Prepare and maintain monthly payroll MIS, dashboards, and reconciliation reports.
  • Generate analytical reports for management review (headcount, cost trends, overtime, etc.).
  • Maintain accurate employee data and payroll master files in HRMS.
  • Employee Support

  • Act as first point of contact for payroll and statutory deduction queries.
  • Coordinate with stakeholders to resolve payroll-related issues.
  • Automation & Process Improvement

  • Identify and implement process improvements for better accuracy and efficiency.
  • Support digitization of reports, dashboards, and approvals.
  • SECTION IV : KEY INTERACTIONS

    Internal Stakeholder

    Purpose of Interaction

    HR Talent Acquisition & Business Partners

  • For employee data, onboarding, exits, issue resolution.
  • Finance & Accounts

  • For TDS deposits, budgeting, reconciliations, and statutory filings.
  • Shared Services Team

  • For system access, HRMS issues, and automation support.
  • Employees

  • For payroll and tax-related queries.
  • External Stakeholder

    Purpose of Interaction

    Statutory authorities

  • EPFO, ESIC, Income Tax Department for compliance coordination.
  • Auditors

  • For providing payroll and compliance data during reviews.
  • SECTION V : KNOWLEDGE & EXPERIENCE

    KNOWLEDGE

    Minimum Qualifications : Bachelor’s degree in commerce / finance / HR

    Language Skills : English & Hindi

    EXPERIENCE

    Years of Experience : 2-5 years

    Nature of Experience

    End-to-end experience in HR operations, payroll management, compensation & benefits, statutory compliance Exposure to HR systems (SuccessFactors) is preferred

    SECTION VI : TECHNICAL & LEADERSHIP / BEHAVIORAL SKILLS REQUIRED TO EXECUTE THE ROLE

    SKILLS

    Technical / Functional / Behavioral

    Skills

  • Proficiency in Microsoft Excel and HRMS / payroll systems. (SuccessFactors preferred)
  • Working knowledge of statutory compliance basic accounting principles.
  • Strong attention to detail, data accuracy, and communication skills.
  • Ability to work collaboratively with multiple stakeholders.
  • Immediate Joinee preferred. Pl share cvs to veena.jadav@ltsct.com

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    Payroll Specialist • Bengaluru, Republic Of India, IN

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