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Techolution - Financial Payroll Analyst

Techolution, India

8 days ago

Job description

We are seeking a highly skilled Financial Analyst Payroll to process and manage payroll for our India-based employees.

The ideal candidate will possess deep expertise in India payroll processes, statutory compliances, and accounting practices.

This role requires attention to detail, proficiency with payroll software, and the ability to maintain high standards of accuracy and confidentiality.

You will collaborate closely with HR and other departments to ensure timely and correct employee compensation while adhering to statutory requirements.

Payroll Analyst

Location : Remote.

Timings : 2pm-11pm.

Key Responsibilities :

Payroll Processing : Accurately process payroll for India-based employees, ensuring timely payment of salaries, bonuses, and deductions.
Compliance Management : Ensure compliance with all Indian statutory requirements such as PF, ESI, professional tax, gratuity, income tax, and TDS.
Tax and Filing : Review and complete payroll tax filings, handle employee income tax computation, and manage full-and-final settlements in line with state rules and statutes.
Payroll Audits : Support internal and external audits by maintaining accurate payroll records and addressing discrepancies.
Employee Assistance : Act as the first point of contact for payroll and benefits-related queries, addressing questions on salary, deductions, leave balances, and other payroll matters.
System Management : Add new hires to payroll systems, process leavers' final settlements, and collaborate with HR and payroll providers for system updates and reporting.
Financial Integration : Ensure payroll data accurately flows into the company's financial statements, including timely updates in QuickBooks or Zoho.
Reporting and Analysis : Prepare payroll MIS, weekly cost-saving reports, and resource mapping data, highlighting risks and opportunities.
Statutory Compliance : Adhere to Indian labor laws and statutory requirements, identifying and mitigating shortfalls or risks.
Process Improvement : Identify and implement enhancements in payroll processes to improve accuracy and efficiency.

Preferred Skills and Qualifications :

India Payroll Expertise : Strong understanding of India-specific payroll processes, including statutory compliances like PF, ESI, TDS, and gratuity.
Accounting Knowledge : Basic accounting skills, including experience in payroll accounting and reconciliation.
Tools and Software : Hands-on experience with payroll systems (e.g, ADP, QuickBooks, Zoho) and proficiency in Microsoft Excel for payroll data management

(ref : iimjobs.com)

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Financial Analyst • , India