Payroll Executive

Executive Payroll- Automotive Business

SKF has been around for more than a century and today we are one of the world’s largest global suppliers of bearings and supporting solutions for rotating equipment. Our products can be found literally everywhere in society. This means that we are an important part of the everyday lives of people and companies around the world.

                                                                                          

In September of 2024, SKF announced the separation of its Automotive business, with the objective to build two world-leading businesses. The role you are applying for will be part of the automotive business. This means you will have the opportunity to be a part of shaping a new company aimed at meeting the needs of the transforming global automotive market. 

 

Would you like to join us in shaping the future of motion?  We are now looking for a

 

                                                                                                                                        Executive Payroll - Automotive Business

 

We are in the process of identifying a suitable candidate for the role of Executive Payroll. This role will be based in Bangalore (Preferred)/Pune and will report to the Manager-People Service Specialist.

PX Operations is SKF’s global engine for delivering a seamless people experience—providing precise, reliable, and human-centered services that keep our organisation moving forward. We ensure accurate payroll, high-quality data management, efficient employee lifecycle services, and clear, timely support. iWe simplify processes, enhance employee experience, and contribute to SKF’s vision of building a better tomorrow for our people, customers, and the industries we serve.

To manage and support end-to-end payroll operations across multiple legal entities/ Centralised encompassing both blue-collar and management staff. The role ensures accurate and timely salary processing, statutory compliance, reconciliation, and efficient query resolution, while collaborating closely with HR, Finance, and external stakeholders.

Key responsibilities (or What you can expect in the role) 

• Manage end-to-end payroll processes, including Full & Final settlements for white-collar and overseas employees, along with payroll validation for blue-collar employees across locations.
• Prepare and validate salary payout files and coordinate with banks/treasury teams for timely salary disbursement.
• Perform monthly payroll reconciliations, including:
• Validation of payroll inputs and attendance
• Employee-wise reconciliation of salary registers with prior month data
• Verification of statutory deductions such as Income Tax, Provident Fund, Pension, ESIC, and Professional Tax
• Ensuring timely bank file uploads and approvals
• Processing of  Full and Final settlements
• Collaborate with Finance for salary journal entries and monthly provisioning.
• Support month-end and year-end closing activities within defined timelines.
• Ensure compliance with applicable labour laws and statutory regulations.
• Ensure timely remittance of statutory dues and payroll-related deductions (PF, PT, ESIC, Pension, etc.).
• Manage filing of quarterly e-TDS returns and issuance of Form 16.
• Maintain monthly payroll-related GL schedules in Excel and AICO systems.
• Perform reconciliation between payroll registers and General Ledger on quarterly and annual basis.
• Manage monthly variable provisioning, quarterly sales incentive calculations, and annual variable payouts, along with reconciliation and provisioning.
• Support audits, including Group, Quarterly, Statutory, and Internal Audits.
• Consolidate and validate employee data for actuarial valuation reports.
• Address employee payroll queries related to salary, taxes, deductions, and benefits with timely and clear resolutions.
• Maintain a high level of service orientation to enhance employee experience.
• Generate payroll MIS reports, including variance analysis and headcount reconciliation.
• Maintain comprehensive payroll documentation, SOPs, and audit trails.
• Drive automation and payroll process improvement initiatives.
• Coordinate with payroll system vendors for system enhancements and updates.

 

Requirements (or We expect you to have/be) 

• Graduate/Postgraduate in Commerce; MBA in HR or Finance preferred.
• 8–10 years of experience in payroll management and financial compliance in medium to large organizations.

 

Functional Competencies:

• Strong knowledge of contemporary payroll systems
• Understanding of accounting processes
• Audit management capabilities
• Problem-solving mindset
• Ability to work effectively within strict timelines
• Strong team orientation

 

Behavioral Competencies:

• Team player with a strong sense of ownership
• Analytical and detail-oriented
• Creative thinker with strong networking skills
• Ability to collaborate effectively across functions

 

We offer

• Opportunity to make a meaningful impact on employee experience at a national level
• Continuous learning and development in payroll systems, digital tools, and process excellence
• A culture that encourages ownership, innovation, and personal growth
• A chance to contribute to SKF’s purpose of creating a better tomorrow

SKF is committed to creating a diverse environment, and we firmly believe that a diverse workforce is essential for our continued success. Therefore, we only focus on your experience, skills, and potential. Come as you are – just be yourself. #weareSKF 

 

Some additional information 

The position will report to Manager-People Service Specialist. and will be located at SKF India Ltd Bangalore (Preferred)/Pune.

If you have any questions about the position or regarding the recruitment process, please contact Hema Chaudhary on email hema.chaudhary@skf.com.   

 

Is this you? 

If the answer is yes, submit your application with your CV in English no later than 10-06-2026.   Please note that we can't accept applications via email.

We will screen candidates continuously throughout the application period, so make sure to submit your application as soon as possible.

Experience Level

Executive Level