Payroll Specialist
1 month ago
Did you know Wärtsilä has delivered 76 GW of power plant capacity and more than 110 energy storage systems in 180 countries around the world?
In this fast-changing world of energy, we are constantly on the lookout for future-oriented talent to join our team and to work towards enabling sustainable societies through innovation in technology and services - together. Want to join the ride?
Main responsibilities:
- Payroll input collection/preparation/compilation for payroll processing.
- Preparation of bank payment advice notes for salary transfer and payment.
- Payroll Reconciliation.
- Monthly SAF payment data is to be finalized and payment is to be released by the last day of the month.
- Accounting of payroll-related JV's (main salary JV / LTA Provision / SAF Provision/Employer contribution/bonus provision) cost center-wise & O&M site-wise.
- Preparation & updation of loan register for Wartsila Finland reporting by CFO.
- Preparation of monthly payroll-related schedules for monthly reporting & audit (expense + liability accounting).
- Once payroll is closed & accounting is done - confirmation activity is to be completed in SAP (run book)
- Resolution of Employee queries pertaining to payroll.
- Preparation of statutory dues statement (PT / TDS / PF / ESIC), their reconciliation with salary register and payment.
- LTA register preparation in Jan & keep track of monthly payment of employees LTA payment every month.
- Provision of LTA, SAF, bonus, leave salary & gratuity.
- Leave provision data quarterly to be finalized and sent to the actuary for valuation.
- Preparation of reports regarding statutory dues for audit purposes.
- Preparation of quarterly data for ETDS returns, reconciliation with monthly salary register and ETDS return filling.
- Statement of PT liability to be sent to state-wise / location-wise for payment.
- General ledger clearing in SAP (liability acct. - liability vs. Payment).
- Final settlement data to be compiled for ETDS working every month to push in the payroll system.
- Payroll audit (internal/statutory audit- both) handling.
- Preparation of full & final advice notes.
- Accounting of full & final JV's & payment and submission of advice notes to HR.
- Handling queries if any regarding F&F settlement.
- Investment proposal to be collected for tax exemption/calculation on web site.
- Resolve queries of employees regarding Tax deduction.
- Coordination between employees & payroll processor for finalizing the taxable income/tax liability.
- Finalise data regarding issuing form 16 (income tax certificate).
- Checking of form 16 (income tax certificate).
- Release form 16 (income tax certificate) on the website to all the employees.
- Left employees form 16 to be sent thru mail or hard copies to be despatched to their postal address.
Professional attributes:
- Experience in process standardization and continuous service improvement.
- Extensive working knowledge of E2E payroll processing & accounting.
- Awareness of key employee relations requirements in a complex multi-business and multi-cultural environment.
- Caring, empathetic, and personable approach to dealing with others.
- 'Can do attitude' when working under pressure.
- High attention to detail.
- Hands-on approach to dealing with issues, confident in acting quickly when needed.
- Multi-tasker, comfortable juggling multiple projects and maintaining momentum.
- High integrity, with an aptitude for building trustful, effective, and collaborative relationships at all levels across.
- Excellent influencing, negotiation, written and verbal communication skills.
- A proactive, development-minded, and goal-focused attitude to work.
Minimum Requirements for this position:
- B.Com; M.com will be an added advantage.
- SAP working knowledge.
- Strong communication skills.
- Able to work under pressure & commit to several projects/assignments' deadlines.
- Proven years of experience (7-13 years)
- Countries responsible for India / Sri Lanka with a total headcount of 625+
Job Location : Navi Mumbai, India
Why you and us:
We at Wärtsilä believe in empowerment, ownership, and taking responsibility for our work. We support each other's growth and co-creation is the true basis of our innovation. We have the courage to see opportunities and take initiative.
We are authentic and honest, and we strongly believe in a diverse and inclusive work community where everyone can be their true self. We don't always get it right the first time, and if mistakes are made, we make sure to learn and grow from them. We want everyone to voice their opinions freely. That is why we have built an environment that empowers you and everyone around you, and where you can feel safe and cared for. Are you eager to be part of this ambition?
You will be a part of a global organization with a local presence and work in an exciting and dynamic working environment with highly motivated and skilled co-workers. We offer interesting and challenging work tasks, as well as personal and professional development in a great team.
Last application date: 15/03/2024
At Wärtsilä we value, respect, and embrace all our differences, and are committed to diversity, inclusion, and equal employment opportunities; everyone can be their true self and succeed based on their job-relevant merits and abilities.
This is Wärtsilä
Wärtsilä is a global leader in innovative technologies and lifecycle solutions for the marine and energy markets. Our team of 17,000 professionals, in more than 200 locations in 68 countries, shape the decarbonisation transformation of our industries across the globe. Read more on www.wartsila.com.
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