High Salary: Payroll Accounting Manager

Payroll Accounting ManagerVadodara Gujarat India Req 1775Friday April 11 2025Who We AreMagnit is the future of work Serving hundreds of the worlds most recognizable brands for the past 30 years Magnit offers the industrys first holistic platform for the modern workforce Magnit s integrated workforce management IWM platform supported by data software intelligence and best-in-class services team is key to our clients success It can adapt quickly to regional or industry economic shifts and provides the speed scale flexibility transparency and expertise required to meet an organizations contingent workforce management talent strategy and broader organization goals At Magnit youll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe Job Summary We are seeking a Payroll Accounting Manager to lead the payroll accounting team and ensure accurate payroll-related financial reporting GL reconciliations and compliance with internal controls and statutory requirements This role involves team management strategic oversight and month close coordination with cross-functional departments Key Responsibilities Lead and manage the payroll accounting team ensuring high-quality deliverables and timely closures Review and approve payroll-related journal entries accruals and reconciliations Oversee monthly balance sheet review and analysis for payroll-related accounts Ensure compliance with GAAP and internal policies related to payroll accounting Partner with Payroll Admin HR and Finance teams to ensure accurate data flow and issue resolution Coordinate and support internal and external audits by providing required documentation Drive process improvements and automation in payroll accounting activities Monitor changes in statutory requirements and ensure alignment in accounting treatment Prepare and present reports to senior leadership on payroll accounting metrics Mentor and develop team members fostering a culture of ownership and continuous improvement Qualifications Skills Inter CA CMA Master s degree in Accounting 7 to 10 years of experience in payroll accounting including 35 years in a leadership or managerial role Strong knowledge of GAAP IFRS payroll accounting practices and statutory compliance Proficient in ERP systems e g SAP Oracle and advanced Excel skills Experience with payroll systems and automated reconciliation tools Strong analytical problem-solving and decision-making skills Excellent communication and stakeholder management abilities Proven ability to lead teams and manage deadlines High attention to detail with a focus on process improvement and control environment Strong verbal and written communication skills What Magnit will Offer YouAt Magnit youll be joining an innovative high-growth environment and can quickly make an impact to help transform the largest companies in the world You will work with passionate colleagues who collaborate and deliver Magnit offers all employees the opportunity for growth and development and we want individuals to fulfill their potential and blaze their own trails Magnit will offer you a competitive PTO and benefits package including medical dental and vision coverage retirement planning as well as discounts and perks for tickets travel merchandise and more Magnit encourages employees to participate in giving back and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community If this role isnt for youStay in touch we will let you know when we have new positions on the team To see a complete list of our open career opportunities please visit To do our best work we need different viewpoints Therefore we celebrate diversity and embrace inclusion As an equal opportunity employer we are dedicated to building a team that represents a variety of backgrounds perspectives and skills We strive to ensure that we maintain a positive and enriching work environment for all By applying to this role you consent to Magnit safely storing and managing your personal data Please read this link to learn more