Job Description:-The Payroll Specialist will be responsible for working closely with Local and Global HR to ensure that all matters related to payroll are executed effectively. The extent of your duties will include: • Maintains payroll information by designing systems; directing the collection, calculation, and entering of data. • Updates payroll records by reviewing and approving changes in exemptions, insurance coverage, savings deductions, and job titles, and department/ division transfers. • Pays employees by directing the production and issuance of paychecks or electronic transfers to bank accounts. • Prepares reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages. • Determines payroll liabilities by approving the calculation of employee federal and state income and social security taxes, and employer’s social security, unemployment, and workers compensation payments. • Balances the payroll accounts by resolving payroll discrepancies. • Provides payroll information by answering questions and requests. • Maintains payroll guidelines by writing and updating policies and procedures. • Complies with federal, state, and local legal requirements by studying existing and new legislation; enforcing adherence to requirements; advising management on needed actions. • Maintains employee confidence and protects payroll operations by keeping information confidential. • Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; participating in professional societies. • Completes operational requirements by scheduling and assigning employees; following up on work results. • Attendance and Leave management. • Responsible for statutory compliances • Taking care of Resignation & Doing Exit Formalities, • Calculations of benefits, exemptions & all types of reimbursement • Ensure confidentiality of all Payroll related items, transactions and reports. • Manage F&F settlement of employees leaving the service of the company. • Verify all required documents and calculate pending dues, unpaid salary, incentives, bonus, & gratuity. Ensure on time settlement and release of payments. • Preparing daily & monthly MIS reports as required by the HOD. • Responsible for preparing various reports related to Statutory Compliances. • Handling Loans & Advances • Assisting Sr. Manager Payroll in day to day activities.