Job Application for Executive, Payroll at Razorpay Software Private Limited

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Razorpay was founded by Shashank Kumar and Harshil Mathur in 2014. Razorpay is building a new-age digital banking hub (Neobank) for businesses in India with the mission is to enable frictionless banking and payments experiences for businesses of all shapes and sizes. What started as a B2B payments company is processing billions of dollars of payments for lakhs of businesses across India.

We are a full-stack financial services organisation, committed to helping Indian businesses with comprehensive and innovative payment and business banking solutions built over robust technology to address the entire length and breadth of the payment and banking journey for any business. Over the past year, we've disbursed loans worth millions of dollars in loans to thousands of businesses. In parallel, Razorpay is reimagining how businesses manage money by simplifying business banking (via Razorpay X) and enabling capital availability for businesses (via Razorpay Capital).

Designation: Payroll Executive

Roles and responsibilities

This position is responsible for the preparation of the monthly payroll and ensuring compliance and accuracy in Payroll activities as per the payroll calendar for various locations of Razorpay.

Well-experienced in end-to-end payroll preparation, processing, and review.
Manage the payroll tool and ensure the availability of employee details, i.e., payslips, form 16, compensation structure, investment and flexi declarations, etc.
Work on flexi claims and reimbursements on a monthly basis.
Manage payroll accounting with monthly accounting entries.
Work on Performance bonuses and quarterly incentives.
Ensure on-time preparation and release of full and final settlements.
Handle employee queries and ensure on-time query resolution.
Work on quarterly and annual returns and ensure on-time filing of the returns.
Work in year-end activities, i.e., Investment & flexi declarations, proof collections, Form 16 generation, etc.
Prepare and maintain payroll-related MIS, reports, trackers, and schedules on a monthly basis.
Work with the statutory compliance team on PF, PT, TDS & LWF for various locations of Razorpay and ensure timely payments.
Work with various vendors on meal and gift vouchers.
Actively participate in internal Audits and ensure zero non-compliances

Qualification and Experience

1-3 years of hands-on experience in India payroll, various locations in India
Experience with outsourced and in-house payroll processing
Experience with various payroll tools, i.e., ADP, Ascent, greytHR, Excility, etc.
Must be proficient in MS Excel.
Good to have experience with accounting software such as Tally or SAP
Must have excellent communication skills
Good understanding of various statutory and labour compliances.
Graduate/post graduate, preferably with commerce or Science

Razorpay believes in and follows an equal employment opportunity policy that doesn't discriminate on gender, religion, sexual orientation, colour, nationality, age, etc. We welcome interests and applications from all groups and communities across the globe.

Executive, Payroll

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