Analyst - Payroll - Hyderabad

Analyst India Payroll (FTP) - Deloitte Consulting India Private Limited

We are looking for professionals with relevant experience in India payroll processing, data maintenance and payroll related activities, who are looking forward to making a career in the Finance field.

Work youll do

As a part of this team, you will be involved with:

• Handling all employee lifecycle changes related activities following the specific instructions, guidelines and set procedures.
• Coordinating with all stakeholders for obtaining timely and accurate inputs
• Collating, validating, and reviewing stakeholders inputs for all employees timely and accurately
• Coordinating, reviewing, and processing all onboarding related information for new employees into firms master data, similarly, processing all exit details for separating employees.
• Coordinating and processing all separations, salary continuations, transfers process payroll/personnel data changes, withholding tax compliance, social security direct deposits, salary changes, sign on bonuses, employee loans and reimbursement
• Fielding various payroll inquiries from employees and other stakeholders to understand basic payroll transactions and terminology for our organization.
• Liaise and coordinate with the HR, other colleagues in the general ledger accounting and FTP / Payroll Team on the scheduled payroll related activities.
• 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
• To be well versed with latest Payroll related guidelines.
• Assisting the internal stakeholders in Audit / Tax Compliance and Financial Reporting.
• Analyze payroll transactions for appropriate classification and compliance with generally accepted accounting standards and Deloitte accounting policy.
• Should be a great team player, brainstorm common issues within the team and able to suggest resolution plan.
• Ensuring of keeping and compliance with all current Payroll policies, creating Process documents and procedures to ensure each process in Accounting and Compliance is documented.
• Assist with continuous improvement in employee data and payroll related process.
• Preparation of reports requested by Management and other stakeholders.
• Responsible for handling emails received from active/separated employees and internal/external stakeholders on activities mentioned above.
• Interacting and coordinating with stakeholders to have processes running smoothly
• Stay updated about the latest amendments in Taxation, Provident Fund, Payroll related guidelines/ circulars issued by the Governing authorities.

Work Location: Hyderabad

Shift Timings: 11 AM to 8 PM

The team

This position is a part of Deloitte Consulting India Pvt Ltd, within the Financial Services Group Payroll and Personnel Solutions service line. In the India paying team, the responsibilities assigned are in support of India Payroll activities of the Deloitte India offices across four locations - Hyderabad, Mumbai, Bengaluru and Gurgaon.

Qualifications

Required:

• Graduate/postgraduate in finance
• 1 4 years of relevant experience
• Advanced excel skills
• Experience in India payroll processing, data maintenance, accounting & regulatory compliances
• 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.
• Experience in SAP S/4 HANA (will be an added advantage)
• Knowledge of India tax and statutory compliances
• Proven ability to prioritize and work within strict timelines.
• Knowledge of SAP HR systems and accounting packages
• 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