Human Resources

Payroll Executive

Hyderabad, Telangana   |   Full Time
About Nxtwave:
NxtWave is founded by Rahul Attuluri (Ex-Amazon, IIIT Hyderabad), Sashank Reddy (IIT Bombay), and Anupam Pedarla (IIT Kharagpur). In February 2023, NxtWave raised ₹275 crore led by Greater Pacific Capital, a leading international private equity firm. The startup is also backed by Orios Ventures, Better Capital, and marquee angels, including founders of some of India’s unicorns.
NxtWave is one of India’s fastest-growing Ed-Tech startups, revolutionizing the 21st-century job market by transforming youth into highly skilled tech professionals irrespective of their educational background with its CCBP 4.0 programs.

As an official partner for NSDC under the Ministry of Skill Development & Entrepreneurship, Government of India, and recognized by NASSCOM, Ministry of Commerce and Industry, Government of India, and Startup India, NxtWave has earned a reputation for excellence. The startup has received accolades such as ‘The Greatest Brand in Education’ in a research-based listing by URS Media, a leading international media house. NxtWave has also been honored with the "Startup Spotlight Award 2023" by T-Hub on its 8th Foundation Day.

Recently, NxtWave’s founders, Anupam Pedarla and Sashank Gujjula, were honored in the 2024 Forbes India 30 Under 30 for their exceptional contribution to transforming the tech education landscape in India.

The edtech brand eliminates the entry barrier to learning tech skills by offering vernacular content and interactive learning. Learning in one’s mother tongue helps achieve higher comprehension, deeper attention, longer retention, and greater outcomes.

Presently, NxtWave has paid subscribers from 647+ districts across India. In just 2.5 years, CCBP 4.0 learners have been hired by 1700+ companies, including Google, Amazon, Nvidia, Goldman Sachs, Oracle, Deloitte, and more.

Know more about NxtWave:
Our LinkedIn page: Link
Next wave of opportunities with 1700+ companies - Link
33M funding news - Link
Youtube Channel - Link
Impact Stores on LinkedIn - Link

Read more about us in the news - Economic Times | CNBC | Yourstory | VCCircle

Job Title: Payroll Executive

Department: Payroll and Compliance

Location: Hyderabad - Work from Office

Job Summary:

We are seeking a highly organized and detail-oriented Payroll Executive to join our Payroll team. The Payroll Executive will play a crucial role in ensuring accurate and timely payroll processing and compliance with relevant laws and regulations. The ideal candidate will have a strong background in payroll administration, a deep understanding of compliance requirements, and exceptional attention to detail.

Key Responsibilities:
    Payroll Processing:
    Accurately process payroll for all employees on a regular basis.
    Ensure timely distribution of paychecks and statements.
    Handle any payroll adjustments, deductions, and corrections.
    Compliance Management:
    Stay up-to-date with local, state, and federal payroll regulations and laws.
    Ensure compliance with tax regulations, wage and hour laws, and other statutory requirements.
    Assist in the preparation and filing of payroll tax returns.
    Data Management:
    Maintain and update employee payroll records, ensuring accuracy and confidentiality.
    Verify timekeeping records and resolve any discrepancies.
    Process new hires, terminations, and other employment changes in the payroll system.
    Benefits Administration:
    Assist in the administration of employee benefits, including health insurance, retirement plans, and other perks.
    Ensure deductions and contributions are accurately processed in payroll.
    Reporting and Analysis:
    Generate payroll reports for management and finance teams.
    Analyze payroll data to identify trends, discrepancies, and opportunities for improvement.
    Customer Service:
    Provide excellent customer service to employees and respond to payroll-related inquiries.
    Assist in resolving payroll-related issues and concerns.
    Team Collaboration:
    Collaborate with the Payroll team to support department goals and initiatives.
    Participate in special projects and process improvement efforts.

    Bachelor's degree in accounting, finance, business, or a related field (or equivalent work experience).
    Proven experience in payroll administration and compliance, with a minimum of [1] year of experience.
    Strong knowledge of payroll software and HRIS systems (e.g. Darwinbox).
    Proficiency in Microsoft Excel and other relevant software applications.
    Excellent understanding of payroll tax regulations and employment laws.
    Exceptional attention to detail and accuracy.
    Strong organizational and time management skills.
    Effective communication and interpersonal abilities.
    Strong problem-solving skills and the ability to handle confidential information with discretion.

Preferred Qualifications:
    Certified Payroll Professional (CPP) or other relevant certification.
    Experience with multi-state payroll processing.
    Familiarity with Indian payroll and reporting.

Package: 4 Lakhs to 6 Lakhs
Work Location: Hyderabad
Working Days: 6 days a Week    
Experience:1- 3 Years

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