Assistant Manager, Compensation & Benefits

Job Description: Assistant Manager Compensation & Benefits

Location: Turbhe, Navi Mumbai
Industry: Chemical Manufacturing
Experience: 6-10 Years
Reporting To: HR Head

Role Purpose

To independently manage monthly payroll, statutory compliance, income tax/TDS, Compensation & Benefits, salary benchmarking, job grading, and offer processing with accuracy, confidentiality, and timely execution.

Key Responsibilities

• Manage end-to-end monthly payroll, including attendance, leave, overtime, incentives, deductions, F&F, arrears, and salary revisions.
• Ensure timely statutory compliance covering PF, ESI, PT, LWF, Gratuity, Bonus, and other applicable regulations.
• Manage income tax/TDS, tax calculations, investment declarations, proofs, Form 16, and employee tax queries.
• Conduct salary benchmarking and support annual increments, promotions, bonuses, and compensation reviews.
• Develop and maintain salary grades, bands, CTC structures, and compensation frameworks.
• Support job evaluation and grading and ensure internal pay parity and consistency.
• Manage offer/CTC processing for new hires, ensuring alignment with grade, budget, internal parity, and market benchmarks.
• Prepare payroll, compensation, manpower cost, and benefits MIS and analytics.
• Manage employee benefits including insurance, gratuity, allowances, and reimbursements.
• Coordinate with HR, Finance, Talent Acquisition, business teams, and external consultants/vendors.
• Handle employee queries related to payroll, taxation, compensation, and benefits.
• Support payroll/statutory audits and maintain confidentiality of employee compensation data.

Candidate Profile

• Graduate in Commerce, Finance, HR, or related discipline; MBA/PGDM preferred.
• 610 years of experience in Payroll, Compensation & Benefits, or HR Operations.
• Strong hands-on experience in payroll, statutory compliance, income tax/TDS, salary benchmarking, grading, and offer processing.
• Manufacturing/chemical/pharma/engineering industry experience preferred.
• Strong knowledge of PF, ESI, PT, LWF, Gratuity, Bonus, TDS, and Labour Laws.
• Strong MS Excel skills; experience with Keka HRMS is mandatory, preferably 3+ years of payroll processing experience in Keka.
• Strong analytical and stakeholder management skills with high attention to detail and confidentiality.
• Navi Mumbai resident preferred.

Key Must-Haves

Monthly Payroll | Statutory Compliance | Income Tax/TDS | C&B | Salary Benchmarking | Job Grading | Offer/CTC Processing | Keka Mandatory | Manufacturing Experience | 610 Years