3.0 - 5.0 years

5 - 7 Lacs

Mumbai

Work from Office

Position Summary & Key Areas of Responsibility The Payroll Analyst is responsible for ensuring accurate and timely processing of payroll, maintaining payroll records, and providing expertise on payroll systems and regulations. This role involves collaborating with HR and Finance departments to ensure compliance with federal, state, and local payroll laws, and handling employee inquiries regarding payroll. 1. Payroll Processing: - Execute regular payroll cycles accurately and on time. - Verify and reconcile payroll data, including salaries, wages, bonuses, and deductions. - Process new hires, terminations, and changes in payroll status. 2. Compliance and Reporting: - Ensure compliance with federal, state, and local payroll laws and regulations. - Prepare and submit payroll-related reports to government agencies as required. - Maintain and update payroll documentation and policies. 3. Systems Management: - Manage payroll software and systems, ensuring data integrity and system functionality. - Perform system updates and collaborate with IT for payroll system improvements. 4. Employee Support: - Address and resolve payroll-related inquiries and issues from employees. - Provide training and support to employees on payroll-related matters. 5. Audits and Reconciliations: - Conduct regular audits of payroll procedures and records to ensure accuracy. - Reconcile payroll accounts and resolve discrepancies. 6. Collaboration and Communication: - Work closely with HR and Finance departments to ensure alignment and accuracy in payroll processing. - Communicate effectively with internal and external stakeholders regarding payroll matters. 7. Continuous Improvement: - Identify opportunities for process improvements in payroll operations. - Implement best practices and innovative solutions to enhance payroll efficiency. Job Responsibilities: - Process and ensure timely and accurate payroll cycles, including salary, wages, bonuses, and deductions. - Verify payroll data and perform reconciliations to maintain data accuracy. - Manage and update payroll records for new hires, terminations, and status changes. - Ensure compliance with federal, state, and local payroll laws and regulations. - Prepare and submit mandatory payroll-related reports to government agencies. - Maintain payroll documentation, policies, and procedures. - Oversee payroll software and systems, ensuring data integrity and resolving system issues. - Collaborate with IT for system updates and improvements. - Address and resolve payroll-related inquiries and issues from employees. - Provide training and support to employees on payroll processes and systems. - Conduct regular audits of payroll procedures and records to ensure accuracy and compliance. - Reconcile payroll accounts and resolve any discrepancies. - Work closely with HR and Finance departments to ensure alignment and accuracy in payroll processing. - Communicate effectively with internal and external stakeholders on payroll matters. - Identify opportunities for process improvements in payroll operations. - Implement best practices and innovative solutions to enhance payroll efficiency. Qualifications / Experience: Bachelors degree in commerce / Finance 3+ years of experience in payroll and accounting reconciliation Established knowledge of payroll concepts for supported countries. Excellent grasp of the English language, both verbal and written. Audits experience is preferred.

Posted 3 weeks ago

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