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Payroll Specialist

1 month ago

Mumbai, Maharashtra, India Branch International Full time
Join Branch International's Mission-Driven Team

At Branch International, we're on a mission to deliver world-class financial services to the mobile generation. Our team is led by a former CEO of Kiva.org, and we're committed to using data science to reduce the cost of delivering financial services in emerging markets.

The Role

We're seeking a highly skilled Payroll Specialist to join our team. As a key member of our financial operations team, you'll be responsible for ensuring the smooth execution of our payroll processes.

  • Onboard employees on our payroll system and create accurate employee profiles.
  • Enter data into payroll and administrative databases, and ensure timely processing.
  • Conduct payroll and related processes for India, including documentation and third-party management.
  • Collect overtime and LOP data, and other payroll-related information.
  • Analyze and prepare payroll inputs with accuracy and timeliness.
  • Maintain accurate records of payroll documentation and transactions.
  • Complete necessary reconciliations and manage the expense claim cycle for employees.
  • Establish and maintain professional partnerships with internal and external stakeholders.
  • Work on improvement and digitization initiatives for payroll and expense claims.
  • Prepare and ensure timely disbursement of NPS and PF amounts, Form 16 and I-T statements.
  • Respond to payroll-related inquiries and resolve concerns from employees.
  • Perform account balance and payroll reconciliations.
  • Prepare financial reports for accounting and auditing purposes.
  • Prepare periodic payroll reports for review by management.
  • Work towards standardization and further improvements of the payroll processes.
  • Stay updated on market trends in payroll and compensation, and evolving business needs.
  • Prepare Payroll & Employee Reimbursements Payments File in Desired Bank Format.
  • Review CTC Reimbursements for Employees.
  • IT Declaration Proofs Review before Financial Year End.
  • Conducting Employee Trainings for IT Declaration & Proof of Investments.
  • Preparation of Journal Entry for Payroll in the Accounting ERP.
  • Preparation & Filing of Monthly & Quarterly Employee Related TDS & PF.
Ideal Profile

We're looking for a highly skilled and experienced Payroll Specialist with a Commerce Graduate or MBA degree. You should have a minimum of 4 years and a maximum of 7 years of experience working in payroll or a similar role.

  • Working knowledge of basic accounting principles and end-to-end payroll practices.
  • Experience working with accounting and payroll software.
  • Good communication skills, and ability to create high-quality documentation and presentations.
What's on Offer?
  • Mission-driven and fast-paced, entrepreneurial environment.
  • Competitive salary and equity package.
  • Collaborative and flat company culture.
  • Comprehensive private health insurance.
  • Generous vacation policy.
  • Flexible working hours.
  • Weekly team meals and social events.