Executive- Payroll

Job Description

Title: Executive- Payroll

Company Name: YOUNG SOCKS LTD.

Vacancy: --

Age: 25 to 35 years

Job Location: Dhaka (Savar)

Salary: Negotiable

Experience:

• 2 to 4 years
• The applicants should have experience in the following business area(s): Garments

• Honors or Masters in any discipline

• PGDHRM from BIM will get preference.

• 2 to 4 years
• The applicants should have experience in the following business area(s): Garments

• Age 25 to 35 years
• Only Male

• Must have advanced proficiency in Microsoft Excel (VLOOKUP, XLOOKUP, INDEX-MATCH, Pivot Table, IF, SUMIFS, COUNTIFS, Data Validation, Conditional Formatting, etc.).

• Must have practical experience in payroll processing for a manufacturing or corporate environment.

• Sound knowledge of Bangladesh Labour Act & Labour Rules, especially regarding wages, overtime, leave, and service benefits.

• Strong analytical skills with the ability to verify payroll data and identify discrepancies.

• Good understanding of attendance, shift, OT calculation, salary structure, and final settlement.

• Monitoring and preparing monthly salaries and other benefits for all employees by utilizing payroll management software (HRMS).

• prepare and update data of attendance, overtime, leave management, shift management and absenteeism.

• Calculate the correct amount incorporating overtime, deductions, attendance bonuses etc. with assistance of HRMS software.

• Maintain each employee's personal file, service records, and separation process.

• Reporting on payroll expenses, compensation, benefits, necessary deductions and taxes.

• Entering the data of new employees into company's databases (e.g. tax identification numbers and bank accounts).

• Prepare various types of payment sheets (final settlement, maternity benefit, leave encashment bill, Settlement, festival bonus bill etc.)

• Manage and coordinate with accounts department for proper payments and deductions like Income Tax and Others.

• Manage for time completion of Salary entry, modification.

• Handle all benefit compensation and reimbursement procedures.

• Any other tasks given by department manager.