Senior Analyst

3 weeks ago

Bengaluru, India CAPCO Full time

Senior Analyst - Payroll and Compliance

at Capco India - Bengaluru

Joining Capco means joining an Organization that is committed to an inclusive working environment where you’re encouraged to #BeYourselfAtWork. We celebrate individuality and recognize that diversity and inclusion, in all forms, is critical to success. It’s important to us that we recruit and develop as diverse a range of talent as we can. We believe that everyone brings something different to the table – so we’d love to know what makes you different.

We are/have:

Experts in banking and payments, capital markets and wealth and asset management Deep knowledge in financial services offering, including e.g. Finance, Risk and Compliance, Financial Crime, Core Banking etc. Committed to growing our business and hiring the best talent to help us get there Focused on maintaining our nimble, agile and entrepreneurial culture

Exp – 6-8 yrs payroll exp.

Payroll Operations

Shall be responsible for the end-to-end Payroll operations & the related compliance activities. Shall be part of the Payroll team to implement the ‘maker & checker’ concept in payroll process. Digitalize the Payroll process as much as possible, to simplify processes, reduce TAT and increase accuracy of operations (Target %). Strengthen Payroll processes to ensure there are no gaps, ensure adherence to procedures and provide training/cascade to all HR colleagues. Implement best practices for payroll process based on previous experiences with clear process flow and accountability/responsibility mapping (RACI). Support Annual and mid-year salary review and promotion cycles with salary change and letter generation. HR Audits – represent the Payroll team in all audits (Internal, External, statutory compliance and ICQ etc.) and provide required data and ensure compliance to audit requirements. Run periodic payroll helpdesks and establish connect with employees, resolve their grievances, and ensure employee delight. Preparation of monthly variance report and analysis. Verify and certify the final output file before disbursement of salary. Publish the payroll calendar and prepare all Schedules related to payroll and ensure necessary provision entries in the books of accounts. Various MIS & Reports preparation as per the requirement.

Compliance & Audit Management

Statutory compliance under various viz. withholding tax, super for various locations. Liaison with internal auditors, external auditors, bankers, compliance vendor and other government agencies relating to statutory compliance. Work closely with compliance partners and internal tax team to ensure strict compliance to regulations, and manage notices, if any that are received from the statutory authorities. Monitor all Employee requests pertaining to Payroll, statutory compliance etc. Work with Compliance vendor/partners to make sure we are statutory compliant without any deviations. Compliance to local taxes and ensure timely submission of statutory returns to the respective authorities. Be abreast with changes in the statutes and ensure the implementation of updates to be fully compliant with applicable provisions.

Educational Requirements

Bachelor’s degree mandatory. Master’s Degree would be an added advantage. Strong in Communication, ability to work with people and manage multiple stakeholders. Strong background in India Payroll process, Taxation and Compliance

Experience / Competences

6-8 years hands on experience in managing payroll for a large organization. Ability to work independently with minimal supervision. Meticulous, Eye for detail and process-oriented approach. Demonstrate high level of vigilance in validating payroll inputs Learning agility and flexible to adapt in a dynamic work environment.

WHY JOIN CAPCO?

You will work on engaging projects with some of the largest banks in the world, on projects that will transform the financial services industry. We offer: A work culture focused on innovation and creating lasting value for our clients and employees Ongoing learning opportunities to help you acquire new skills or deepen existing expertise A flat, non-hierarchical structure that will enable you to work with senior partners and directly with clients A diverse, inclusive, meritocratic culture

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