company description
paramount health services & insurance tpa pvt. ltd. (phs) is a leading third party administrator (tpa) in the health insurance sector with a pan india presence, working with various insurance companies. phs enhances health insurance policies by providing value-added services such as managing a network of healthcare service providers, streamlining medical care, managing claims, and offering expert advice. the organization is dedicated to delivering customized healthcare solutions for its clients, ensuring seamless and efficient healthcare delivery. with a commitment to excellence, phs provides comprehensive support to its clients by administering tailored healthcare packages. with over 2,500 employees and consultants spread across 23 states, paramount has its head office at thane, corporate office in andheri and operating through 30 + branches and regional representatives working remotely, paramount offers a dynamic and compliant-driven work environment.
role description
this is a full-time, on-site role for a payroll executive - human resources at our office located in andheri (east) : sumer plaza, marol maroshi road, marol, mumbai - .
require experience of minimum 3 years hands-on experience in payroll processing and statutory compliances for more than 1000 employees.
job overview:
the payroll executive is to manage and execute end-to-end payroll operations for both employees and consultants across india. the role involves handling monthly salary processing, variable payout based on targets, state wise statutory compliance deductions and payments, tax calculations, statutory bonuses, full and final settlements, gratuity and filing of statutory payments. the executive is to address payroll-related employee grievances, while ensuring accuracy, timeliness, and compliance with applicable laws.
key responsibilities:
process monthly payroll using paypac, based on attendance and leave data imported from the in-house hrms and excel sheets.
ensure timely and accurate salary disbursement as per organizational deadlines.
administer compensation and benefits in compliance with applicable state-specific labour laws.
calculate and deduct statutory contributions including provident fund (pf), employee state insurance (esi), labour welfare fund (lwf), and professional tax (p tax).
handle multiple payroll structures for employees and consultants, ensuring alignment with employment type and legal requirements.
manage tax computation, including understanding of tax slabs, exemptions, and verifying timely investment declarations from employees.
address and resolve employee queries and grievances related to salary, deductions, payslips, and tax computation.
submit statutory filings and upload required returns for pf, esi, lwf, and p tax within defined timelines.
stay updated on evolving labour laws, income tax rules, and state-specific compliance mandates.
support internal and external audits by maintaining accurate documentation and reconciliations of payroll and compliance records.
prepare monthly payroll reports, variance analysis, and data for management review
the candidate over and above minimum 3 years of relevant experience requires to have:
strong knowledge of state-wise labour laws, pf, esi, lwf, professional tax, bonus, and gratuity.
practical understanding of income tax computation, exemption rules, and declaration management.
proficiency in excel and experience with payroll tools.
strong analytical skills, attention to detail, and problem-solving abilities.
excellent written and verbal communication skills.
ability to maintain confidentiality and manage sensitive payroll data with integrity.
3 - 5 Years
1 Openings
3.5 - 5.0 Lac/Yr
Online interview
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