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Payroll Specialist

4 months ago

Mumbai, India MTC Group Full time

Duties & Responsibilities -

  • Ensure master data update in payroll management suite and ensure check/control on financial and non-financial data.
  • Variance analysis of payroll and other accruals
  • Generate monthly/annual compliance report related to salaries.
  • Employee queries resolution.
  • Maintain payroll information by directing the collection, calculation, and entering of data, process improvements and (re)designing systems.
  • Update payroll records by reviewing and approving changes in exemptions, insurance coverage, savings deductions, and job titles, and department/ division transfers.
  • Salary disbursal by issuance of Bank Letters or electronic transfers to bank accounts.
  • Prepare reports by compiling summaries of earnings, taxes, deductions, leave, disability, and nontaxable wages.
  • Determine payroll liabilities by approving the calculation of employee income and social security taxes, and employer’s social security liability, and workers’ compensation payments.
  • Balance the Payroll with Accounts by resolving payroll discrepancies on monthly basis.
  • Maintain payroll guidelines by writing and updating policies and procedures.
  • Comply with Government and State local legal requirements by studying existing and new legislation; enforcing adherence to requirements; advising management on needed actions.
  • Maintain employee confidence and protects payroll operations by keeping information confidential.
  • Complete operational requirements by scheduling and assigning employees; following up on work results.
  • Manage reimbursement data related to respective Heads in Payroll.
  • Contribute to team effort by accomplishing related results as needed.