Senior Analyst - Payroll and Compliance

Capco

  • Bangalore, Karnataka
  • Permanent
  • Full-time
  • 2 hours ago
Joining Capco means joining an Organization that is committed to an inclusive working environment where you're encouraged to #BeYourselfAtWork. We celebrate individuality and recognize that diversity and inclusion, in all forms, is critical to success. It's important to us that we recruit and develop as diverse a range of talent as we can. We believe that everyone brings something different to the table - so we'd love to know what makes you different.We are/have:
  • Experts in banking and payments, capital markets and wealth and asset management
  • Deep knowledge in financial services offering, including e.g. Finance, Risk and Compliance, Financial Crime, Core Banking etc.
  • Committed to growing our business and hiring the best talent to help us get there
  • Focused on maintaining our nimble, agile and entrepreneurial culture
Exp - 6-8 yrs payroll exp.Payroll Operations
  • Shall be responsible for the end-to-end Payroll operations & the related compliance activities.
  • 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.
  • Implement best practices for payroll process based on previous experiences with clear process flow and accountability/responsibility mapping (RACI).
  • Support Annual and mid-year salary review and promotion cycles with salary change and letter generation.
  • HR Audits - represent the Payroll team in all audits (Internal, External, statutory compliance and ICQ 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 necessary provision entries in the books of accounts.
  • Various MIS & Reports preparation as per the requirement.
Compliance & Audit Management
  • Statutory compliance under various viz. withholding tax, super for various locations.
  • Liaison with internal auditors, external auditors, bankers, compliance vendor and other government agencies 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.
Educational Requirements
  • Bachelor's degree mandatory. Master's Degree would be an added advantage.
  • Strong in Communication, ability to work with people and manage multiple stakeholders.
  • Strong background in India Payroll process, Taxation and Compliance
Experience / Competences
  • 6-8 years hands on experience in managing payroll for a large organization.
  • Ability to work independently with minimal supervision.
  • Meticulous, Eye for detail and process-oriented approach.
  • Demonstrate high level of vigilance in validating payroll inputs
  • Learning agility and flexible to adapt in a dynamic work environment.
WHY JOIN CAPCO?
  • You will work on engaging projects with some of the largest banks in the world, on projects that will transform the financial services industry.
  • We offer:
  • A work culture focused on innovation and creating lasting value for our clients and employees
  • Ongoing learning opportunities to help you acquire new skills or deepen existing expertise
  • A flat, non-hierarchical structure that will enable you to work with senior partners and directly with clients
  • A diverse, inclusive, meritocratic culture

Capco

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