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Operations and Payroll, SrAssc

State Street

2 - 5 years

Bengaluru

Posted: 02/08/2025

Job Description

Primary responsibilities

  • This position is responsible for managing & administration of the company Payroll shared services and ensuring compliance and accuracy in monthly Payroll activities

  • The role responsible for ensuring timely and accurate delivery of payroll.

  • Overall responsibility for payroll processing and administration

  • Manage certain time bound processes and ensure validation of data to be accurate and truthful

  • Ensuring timelines are met for salary disbursement and statutory compliance

  • Ensuring Employee Benefits including Employee reimbursements as per rules and regulations of income tax

  • Responsible for value adds and Payroll process Standardization

  • Verification & Reconciliation of monthly payroll

  • Preparation & Submission of monthly, Annual statutory contributions.

  • Steer the year-end processing where applicable and ensure timely activities are met.

  • Responsible of publishing monthly Payroll Dashboard

  • Ensure Monthly payroll provisions to Finance

  • Maintaining payroll operations by following policies and procedures

  • Resolving payroll discrepancies and be proactive enough to escalate any discrepancies within the Governance timeframes.

  • Demonstrate high professionalism and flexibility towards work assigned Essential experience

Skills and Experience

  • 6 + years of payroll operation and administration experience for India.

  • • Working knowledge of statutory legislation and procedure relating to payroll.

  • • Should have been experience in working various HR and Payroll projects.

  • • Working knowledge of a Payroll/HR system.

  • • Excellent working knowledge of Microsoft Excel.

  • • Evidence of a confident communication style and clear written communication.

  • • Resilience and the ability to work independently in a fast-paced environment to.

  • • Deliver results with a strong focus on accuracy and attention to detail.

About Company

State Street Corporation is a leading global financial services company headquartered in Boston, Massachusetts. Founded in 1792, State Street is one of the oldest financial institutions in the United States. It specializes in investment servicing, investment management, and investment research and trading for institutional clients.

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