Payroll Specialist

Description

Company Profile:

Alvarez & Marsal (A&M) is a global consulting firm with over 10,000 entrepreneurial, action and results-oriented professionals in over 40 countries. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.

Role Summary:

Reporting to the APAC Head of Payroll Operations and working closely with the rest of the Alvarez & Marsal Global payroll team as well as HR, Benefits, Finance and the Business. The successful candidate will play a fundamental role in our fantastic Global Payroll Team as a Payroll Specialist supporting the preparation of an accurate and timely payroll for approximately 600 or more employees and growing.

How will you contribute:

• Ensure that starters, leavers, leaves of absence, salary increases, bonuses and transfers are all processed correctly. Preparation of employee related information and input into flexi-form and Payroll Provider's portal..
• Ensure accurate processing of Managing Director emoluments, including monthly draw, bonuses, benefits, deferred payments, loans etc.
• Ensure accurate processing of one-time bonus payments (e,g. Guaranteed bonuses, sign-on bonuses etc.) and annual bonus payments.
• Ensure adequate approvals are obtained in respect of any 'manual' payment requests and process manual payroll payments as needed.
• Review the payroll output reports and payroll provider file before SEPA payment file is release to ensure all items have been processed correctly and are in line with expectations. Query and investigate any material monthly variances.
• Adhere to payroll cut-off dates and ensure that deadlines with payroll provider and Business Partners are met.
• Support continuous improvement of payroll processes and contribute to future state decision on new payroll service provider
• Liaise with payroll provider to ensure that payroll is processed timely and accurately. Work with payroll provider and internal payroll management to ensure that payroll legislative changes are applied timely.
• Maintain and ensure accuracy of time-off tracking information for submission to payroll provider (i.e. Vacation days). Keep track of days taken by employee and escalate for any pattern of overused time-off requiring adjustment.
• Ensure all registrations and deregistrations are completed in accordance with country legislation.
• Preparation of termination/leaver package
• Reconcile all tax and social security deductions, ensuring they are filed and paid accurately and on time.
• Ensure all manual payments are loaded in an accurate and timely manner for Finance to release on HSBC net.
• Ensure all appropriate FX rates have been updated where translation is required for payment of salaries and bonuses.
• Book accounting entries arising from the monthly payrolls and, in conjunction with Finance ensure that GL payroll accounts are appropriately reconciled.
• Maintain up-to-date knowledge of Payroll Legislation and internal policies
• To be first point of contact on all income tax/social security queries from the tax authorities in liaison with payroll providers
• Respond to employees' questions and inquiries in a timely and courteous manner.
• Registration and submission of employee insurance documents to insurance company

Basic Qualifications:

• Bachelor's degree in business administration or equivalent of 5 plus years of experience processing , APAC countries payroll desired

Experience:

• In depth knowledge of India payroll and understanding of relevant employment and payroll legislation
• Good communication skills both verbally and written
• Ability to work independently, and be part of a remote team
• Ability to provide excellent customer service, be proactive, flexible, adaptable while problem solving when required
• Must be organized and adaptable to crucial time frame and changes
• Excellent skills in Excel
• Experience working a fast-paced, growing environment and across time zones would be advantageous
• Experience with Workday Human Capital Management system and financial reporting System a plus
• Quick learner with willingness and appetite to learn new systems and technology

Your journey at A&M:

• We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person's unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.
• We prioritize your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favorite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.