Associate Analyst – Payroll processing - Deloitte Consulting India Private Limited
We are looking for professionals with relevant experience in Payroll processing, Reconciliations, and statutory deductions, who are looking forward to enhancing career in the Finance field.
Work you’ll do
As a part of this team, you will be involved with:
Job Description:
Primary:
· Collating and processing of payroll inputs for both Regular payroll and Full and Final settlement.
· Reconciling investment declaration/proofs and deducting income tax appropriately.
· Analyze payroll transactions for appropriate classification and compliance with generally accepted accounting standards.
· Responsible for timely remittances and filing of returns of all government statutory requirements such as EPF, PT, TDS, LWF, ESIC. Handling notices received from these authorities.
· Assisting the internal stakeholders in Audit / Tax Compliance and Financial Reporting.
· Stay updated about the latest amendments in Taxation, Provident Fund, Payroll related guidelines/ circulars issued by the Governing authorities.
· To be well versed with latest Payroll and compliance related guidelines.
· Ensuring compliance with all current Payroll policies, creating Process documents and procedures to ensure each process in payroll is documented.
· Assist with continuous improvement in automation of payroll related process.
Secondary:
- Coordinating with stakeholders for obtaining timely and accurate inputs
- Collating, validating, and reviewing stakeholders’ inputs for all employees timely and accurately
- Fielding various payroll inquiries from employees and other stakeholders
- 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
- Ensure strict compliance to PII guidelines
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, Pune, Chennai, Kolkata and Gurgaon.
Qualifications Required:
- Graduate/postgraduate in Accounting/HR
- Experience in India payroll processing
- Position requires 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.
- Effective Communication skills
- 1 - 2 years of relevant experience
- Advanced excel skills
- Experience in India payroll processing, data maintenance, and regulatory compliances
- Knowledge of India tax and statutory compliances
- Proven ability to prioritize and work within strict timelines.
- 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
How you’ll grow
At Deloitte, we’ve invested a great deal to create a rich environment in which our professionals can grow. We want all our people to develop in their own way, playing to their own strengths as they hone their leadership skills. And, as a part of our efforts, we provide our professionals with a variety of learning and networking opportunities—including exposure to leaders, sponsors, coaches, and challenging assignments—to help accelerate their careers along the way. No two people learn in exactly the same way. So, we provide a range of resources including live classrooms, team-based learning, and eLearning. DU: The Leadership Center in India, our state-of-the-art, world-class learning Center in the Hyderabad offices is an extension of the Deloitte University (DU) in Westlake, Texas, and represents a tangible symbol of our commitment to our people’s growth and development. Explore DU: The Leadership Center in India
Benefits
At Deloitte, we know that great people make a great organization. We value our people and offer employees a broad range of benefits. Learn more about what working at Deloitte can mean for you.
Deloitte’s culture
Our positive and supportive culture encourages our people to do their best work every day. We celebrate individuals by recognizing their uniqueness and offering them the flexibility to make daily choices that can help them to be healthy, centered, confident, and aware. We offer well-being programs and are continuously looking for new ways to maintain a culture that is inclusive, invites authenticity, leverages our diversity, and where our people excel and lead healthy, happy lives. Learn more about Life at Deloitte.
Corporate citizenship
Deloitte is led by a purpose: to make an impact that matters. This purpose defines who we are and extends to relationships with our clients, our people and our communities. We believe that business has the power to inspire and transform. We focus on education, giving, skill-based volunteerism, and leadership to help drive positive social impact in our communities. Learn more about Deloitte’s impact on the world.