HR Payroll and Benefits Specialist

3 weeks ago

hyderabad, India HSBC Full time

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organizations in the world, with operations in 62 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realize their ambitions. 

We are currently seeking an experienced professional to join our team in the role of  HR Payroll and Benefits Specialist – United States of America (USA).

Principal Responsibilities

Stay on top of all regulatory and compliance requirements including. Act as liaison between company payroll & benefits vendor.  Interpret, administer, and provide support to employees on the various benefits plan, 401(K) & Roth plans in accordance with plan documents and policies. Audits system processes, analyzes errors/gaps and implements corrections and improvements. Coordinate with employee benefit plan providers and vendors to implement best practice administration processes. Acts as subject matter expert and support for problem resolution for employees and business partners. Prepare and analyze reports for specific 401 (K) plans including Non-discrimination testing, Form 5500, and other governmental reporting. Manage special projects and/or assignments within the department in relation to benefit programs and processes. Oversee personnel and/or vendors working on those projects to ensure deadlines and project objectives are met. Research tax laws and provide guidance to help set tax policies to ensure compliance. Advise stakeholders on best practices and emerging changes related to benefits. Requirements Five years proven human resources and/or benefits administration experience. Working knowledge and experience in payroll areas (, United States payroll, international payroll, tax, and employee equity). SAP – Employee Central Payroll experience preferred. Bachelor’s degree in human resources, business related field or equivalent experience. Certified Payroll Professional (CPP) designation, or Fundamental Payroll Certification (FCP) a plus. Six/Lean Sigma Certified/ Agile or other Project Management Certification would be added advantage. Ability to work well independently in a high-volume environment. Strong analytical, attention to detail, customer service, problem-solving, organizational, interpersonal, verbal, and written communication skills. Ability to build and maintain relations with business units and continuously give feedback by stringent following up Performance Level Agreement Evidence of process management skills with an ability to initiate process improvements and apply lean ways of working.

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