Accounts Executive (Payroll)

Aliases: Accountant, Bookkeeper, Account Representative, Payroll Executive, HR Specialist (Payroll)

Industry/Sector(s): BFSI

JOB DESCRIPTION ¹

The tasks an Accounts Executive (Payroll) is expected to perform include:

Maintaining and updating records related to salaries payable
Preparing salary advices
Filing and recordkeeping

WORK ENVIRONMENT ^{3, 4, 5}

It is a desk job
May need to handle a team
Travelling is not a part of this job role
Part-time jobs are available
Work from home option is not available

Working hours

Organizations usually work for 5/6 days a week and 8/9 hours everyday. This may vary from organization to organization
Shift system is available

Is the job suitable for a candidate with special needs?

This job is suitable for candidates with One Arm (OA), One Leg (OL), One Leg and One Arm (OLA) and those who have Low Vision (LV)

This may vary from organization to organization

EDUCATIONAL QUALIFICATIONS AND TRAINING ¹

Preferably, graduation in Commerce/allied subjects or diploma in commercial practice
Certified training for Accounts Executive (Payroll) (programme aligned to BSC/Q 1201 released by BFSI Sector Skill Council of India)

KEY COMPETENCIES ¹

Knowledge of key salary components like basic, HRA (House Rent Allowance), travelling allowance, etc.
Adept at maintaining employee records
In-depth knowledge of accounting principles
Knowledge of computer programmes like MS Excel, MS Word, Tally, etc.
In-depth knowledge of financial concepts like calculation of interest, VAT, service tax, statutory deductions from salary, etc.

DESIRABLE COMPETENCIES ¹

Preferably training offered by respective financial institutions
Ability to multitask
Highly motivated and self-driven
Good analytical skills
Good communication skills
Problem-solving skills

AVAILABLE SKILL TRAINING AND LEARNING INSTITUTES

Indian Institute of Banking and Finance
http://www.iibf.org.in/
The Institute of Professional Accountants
http://tipa.in/

AVAILABLE SKILL TRAINING SCHEMES/SCHOLARSHIPS

SAMPLE OF TRAINING AND LEARNING COURSES

CAREER PROGRESSION PATH ⁶

Payroll Manager

↑

Senior Payroll Executive

↑

Taxation Executive

↑

Accounts Executive (Payroll)

↑

Junior Accountant

The progression is indicative

EXPECTED EARNINGS ²

For candidates with 2 to 5 years of experience - Rs 20,000 to Rs 29,000 per month

These figures are indicative and subject to change

REQUIRED WORK EXPERIENCE ¹

Generally, relevant work experience required

PROBABLE EMPLOYERS ^{2, 3, 4}

Banks
Insurance companies
Payroll management companies

KEYWORDS

Accountant
Bookkeeper
Account Representative
Payroll Executive
HR Specialist (Payroll)

OCCUPATIONAL CODES AND STANDARDS

Standard	Code	Description
NCO 2015	4313.0101	Accounts Executive (Payroll)
ISCO 2008	4313	Payroll Clerks
NIC 2008	69201	Accounting, bookkeeping and auditing activities
QP Reference	BSC / Q 1201	Accounts Executive (Payroll)
NSQF	4	Not available

REFERENCES

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