Payroll Analyst II

3 weeks ago

Bengaluru, Karnataka, India myGwork - LGBTQ+ Business Community Full time
Job Description

This job is with Thermo Fisher Scientific, an inclusive employer and a member of myGwork the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Work Schedule

Standard (Mon-Fri)

Environmental Conditions

Office

Job Description

At Thermo Fisher Scientific, being part of our team means engaging in meaningful work. You&aposll be surrounded by collaborative colleagues and benefit from the support and opportunities that only a global leader can provide. Our respected and growing organization has a robust strategy for both the near term and beyond. Join our strong team and help us make significant contributions to the world.

The Payroll Analyst II supports India payroll with expertise in accurate processing and statutory compliance.

Key Responsibilities

- Process end-to-end payroll for India.
- Handle year-end payroll activities, tax queries, and statutory updates for India.
- Serve as the point of contact for payroll and tax-related queries for employees in India and the Field HR team.
- Collaborate with payroll analysts, vendors, Finance partners, and the Colleague Services Centre to support employees.
- Investigate and analyze payroll issues, communicate resolutions effectively.
- Ensure smooth end-to-end payroll processing by working with colleagues across the business
- Coordinate and prioritize work under tight deadlines.
- Resolve critical issues with root cause analysis and corrective actions.
- Maintain up-to-date standard operating models, including payroll reports, SOPs, checklists, calendars, and records.
- Assist in audit operations and implement recommendations.
- Develop controls and procedures to ensure policy compliance.
- Interpret and apply statutory rules, compliance regulations, and corporate policies to ensure accurate pay.
- Stay updated with payroll regulatory changes, review and analyze tax and legal regulations, identify impacts, and update payroll processes.
- Provide back-up support to team members as needed.
- Perform other duties as assigned.

Qualifications

- Minimum 8 years of experience in India & APAC payroll processes, statutory compliance, and compensation and benefits administration.
- Demonstrated experience with India payroll and strong data management skills.
- Ability to work closely with cross-functional teams to ensure seamless execution of payroll, benefits, audits, and compensation processes.
- Learning agility and ability to adapt quickly to new tools, systems, and processes.
- Excellent organizational skills with a focus on accuracy and attention to detail.
- Strong project management skills with the initiative to lead when required.
- Participate in improvement projects and business or functional projects related to payroll processes.
- Support internal control standards/audits and self-audit processes related to all aspects of payroll.
- Ensure SLA compliance in Service Now case management activities.
- Perform any other duties necessary to deliver outstanding payroll service to colleagues.

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