Associate Analyst – Payroll Processing

Job Detail

Job Description:

Primary:

Collating and processing of payroll inputs for both Regular payroll and Full and Final settlement.
Reconciling investment declaration/proofs and deducting income tax appropriately.
Analyze payroll transactions for appropriate classification and compliance with generally accepted accounting standards.
Responsible for timely remittances and filing of returns of all government statutory requirements such as EPF, PT, TDS, LWF, ESIC. Handling notices received from these authorities.
Assisting the internal stakeholders in Audit / Tax Compliance and Financial Reporting.
Stay updated about the latest amendments in Taxation, Provident Fund, Payroll related guidelines/ circulars issued by the Governing authorities.

Secondary:

Coordinating with stakeholders for obtaining timely and accurate inputs
Collating, validating, and reviewing stakeholders’ inputs for all employees timely and accurately
Fielding various payroll inquiries from employees and other stakeholders
Flag off exceptions observed in the payroll inputs and ensure the same is considered in line with firm policies and guidelines.
Preparing periodic reporting for leadership and other stake holders

Qualifications Required:

Graduate/postgraduate in Accounting/HR
Experience in India payroll processing
Position requires strong analytical skills, ability to multi-task, strong attention to details and accuracy and proficiency in the use of systems, including Microsoft suite of applications, SAP.
Knowledge of basic auditing and internal control standards.
Effective Communication skills
1 – 2 years of relevant experience
Advanced excel skills
Experience in India payroll processing, data maintenance, and regulatory compliances
Knowledge of India tax and statutory compliances
Proven ability to prioritize and work within strict timelines.
In-depth experience with payroll processing activities, analysis and management reporting
Good understanding of business terminology, business operations, and financial policies and internal controls
Integrity and high ethical standards and commitment to data privacy
Ability to identify complex issues related to nonstandard transactions and processes, and develop solutions to address relevant situations
Ability to work in a flexible, high pressure and client driven work environment
Good word processing and spreadsheet skills required
Effective problem solving and interpersonal skills
Ability to organize work, document, and report concisely
A typing speed of 45-50 words per minute with data entry capabilities at 7000 ksph with 5% or less errors
Good verbal, written communication, and documentation skills