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Professional- India Payroll

4 months ago

gurgaon, India Acuity Knowledge Partners Full time
Job description
Acuity Knowledge Partners
Acuity Knowledge Partners (Acuity) is a leading provider of bespoke research, analytics and technology solutions to the financial services sector, including asset managers, corporate and investment banks, private equity and venture capital firms, hedge funds and consulting firms. Its global network of over 6,000 analysts and industry experts, combined with proprietary technology, supports more than 500 financial institutions and consulting companies to operate more efficiently and unlock their human capital, driving revenue higher and transforming operations. Acuity is headquartered in London and operates from 10 locations worldwide.
The company fosters a diverse, equitable and inclusive work environment, nurturing talent, regardless of race, gender, ethnicity or sexual orientation.
Acuity was established as a separate business from Moodys Corporation in 2019, following its acquisition by Equistone Partners Europe (Equistone). In January 2023, funds advised by global private equity firm Permira acquired a majority stake in the business from Equistone, which remains invested as a minority shareholder.
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Position Title - Professional
Experience Level - 4 - 5 years
Department -Finance
Location - Gurgaon
Position reports to - India Payroll Lead
Job Purpose
This position process monthly payroll and CTC reimbursements along with the help of payroll Vendor
Responsible for end to end payroll accounting including payroll and payroll benefits related accruals
Co-ordination with HR for change in employees (joiner, left, under notice, change in salary etc.)
Dealing with various vendors for all payroll and all benefits related services
Ensuring correct payroll including payroll compliances, Timely payment and resolving queries
Key Responsibilities
Review payroll and settlements received from outsourced service vendor,
Follow all relevant internal controls implemented by management,
Prepare journal entries every month during book close, within given timelines,
Prepare all payroll related reconciliations monthly, including but not limited to Payroll expense, Bonus expense, Salary payable, Bonus payable, commission payable, statutory payables etc.,
Upload all relevant payroll payments on Bank portal and send to Bank signatories for authorization,
Process advances and other out of cycle payments,
Prepare key metrics on payroll data to be presented to management,
Front end discussion with various audits, for closure on payroll / related compliances,
Prepare and file all relevant tax reports / returns within statutory timelines,
Serve as backup to other payroll team members,
Assure that all employees receive timely responses on payroll inquiries, clarifications etc.,
Independently able to co-ordinate with other relevant internal groups and external parties (as required),
Address and resolve problems in a timely manner,
Initiate best practices, develop efficiencies, improvements &
Other responsibilities must be taken up basis requirement.
Key Competencies
Bachelors / master’s degree in finance with minimum 4-5 years of experience.
Candidate should have handled payroll function as part of the current profile, primarily India,
Minimum 4 - 5 years of relevant experience,
Working knowledge on MS excel and other Microsoft databases, prior experience on NetSuite accounting software will be an advantage,
Good knowledge on tax laws that are applicable to payroll like Income tax, Provident Fund, Professional tax, Employee state insurance etc., and all applicable overseas tax laws,
Good follow-up skills, ability to understand, adapt for process changes and a strong sense of importance and ownership &
Excellent verbal and written communication skills