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VerSe Innovation

Payroll Specialist

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  • Posted 9 days ago
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Job Description

Purpose of the Job

Responsible for the Payroll and compliance operations for India, by working closely with location / Unit payroll coordinators, HRMs /HRBPs, Payroll Vendor, Finance, Treasury and Accounting to ensure implementation and execution of payroll as per guidelines.

Organizational Reporting

Hierarchically and functionally reports to HR function lead.

Compliance Management

  • Statutory compliance
  • Liaison with internal auditors, external auditors, bankers, and other government bodies relating to statutory compliance.
  • Work closely with compliance partners and internal tax team to ensure strict compliance to regulations, and manage notices, if any that are received from the statutory authorities.
  • Monitor all Employee requests pertaining to Payroll, statutory compliance etc.
  • Work with Compliance vendor/partners to make sure we are statutory compliant without any deviations.
  • Compliance to local taxes and ensure timely submission of statutory returns to the respective authorities.
  • Be abreast with changes in the statutes and ensure the implementation of updates to be fully compliant with applicable provisions.

Payroll Operations

  • Shall be responsible for the Payroll operations for India and monthly payrolls & the related compliance activities, connected with the payroll process.
  • Shall be part of the Payroll team to implement the maker & checker concept in payroll process.
  • Digitalize the Payroll process as much as possible, to simplify processes, reduce TAT and increase accuracy of operations (Target 100%).
  • Strengthen Payroll processes to ensure there are no gaps, ensure adherence to procedures and provide training / cascade to all HR colleagues in India.
  • Implement best practice for payroll process based on previous experiences with clear process flow and accountability/responsibility mapping (RACI).
  • HR Audits represent the Payroll team in all audits (Internal, External, statutory compliance and etc.) and provide required data and ensure compliance to audit requirements.
  • Run periodic payroll helpdesks and establish connect with employees, resolve their grievances, and ensure employee delight.
  • Preparation of monthly variance report and analysis. Verify and certify the final output file before disbursement of salary.
  • Publish the payroll calendar and prepare all Schedules related to payroll and ensure to book necessary provision entries in the books of accounts.
  • Various MIS & Reports preparation as per the requirement.

Measurement

Performance will be measured based on above KPIs.

Educational Requirements

  • Bachelors degree mandatory. Masters Degree would be an added advantage.
  • Strong in Communication, ability to work with people and manage multiple stakeholders.
  • Strong background in Payroll process, Taxation and Compliance
  • Experience / Competences

    • Minimum 3 years hands on experience in managing payroll for a large organization.
    • Exposure to MNC, Shared Services environment would be an added advantage.
    • Systematic, Eye for detail and process-oriented approach
    • Learning agility and flexible to adapt in a dynamic work environment.

    More Info

    Skills Required

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    Date Posted: 04/02/2025

    Job ID: 105039785

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