Payroll Specialist

Role:Payroll Specialist

Experience: 2+ years

Location: Bengaluru

Shift Timings - Needs to be flexible (Region wise alignment)

About MarketStar

In everything we do, we believe in creating growth, for our clients, employees, and community. For the past 35+ years, we have been generating revenue for the most innovative tech companies globally through our outsourced B2B demand, sales, customer success, and revenue operations solutions. We are passionate about cultivating career advancements for our people and supporting them through mentorship, leadership, and career development programs. We provide service and support to our communities through the MarketStar Foundation.

Our exceptional team is the cornerstone of MarketStar's accomplishments. We are proud of our award-winning workplace culture and for being named a top employer. These achievements are a testament to our six core values, embraced by our 3,000+ employees worldwide. From our headquarters in Utah, USA, to our global offices in India, Ireland, Bulgaria, Mexico, the Philippines, and Australia, we all work together to drive innovation and success.

We are excited to have you apply to join our MarketStar team and cant wait to discuss how we can help you find growth.

Job Summary:

We are seeking a detail-oriented and reliable Payroll Specialist to join our team. The Payroll Specialist will be responsible for processing payroll accurately and timely, ensuring compliance with payroll regulations, and providing excellent customer service to employees regarding payroll-related inquiries. The ideal candidate will have a strong understanding of payroll processes, tax regulations, and payroll software.

Responsibilities:

Payroll Processing: Process payroll for employees accurately and on time using payroll software (e.g., ADP, Paychex, or similar). Calculate wages, deductions, bonuses, and commissions based on timesheets, attendance records, and other relevant data. Tax Compliance: Ensure compliance with federal, state, and local payroll tax regulations. Prepare and submit payroll tax payments and filings, including quarterly and annual reports (e.g., Form 941, W-2, W-3). Stay updated on changes to tax laws and regulations.

Benefits Administration: Administer employee benefits, including health insurance, retirement plans, and flexible spending accounts. Deduct employee contributions from payroll and coordinate with benefits providers to ensure accurate and timely payments.

Timekeeping and Attendance: Maintain accurate records of employee hours worked, time off, and attendance. Review and approve timesheets, resolve discrepancies, and communicate with supervisors or managers regarding attendance issues.

Payroll Reconciliation: Reconcile payroll transactions and reports to ensure accuracy and completeness. Investigate and resolve discrepancies or errors in payroll processing.

Payroll Reporting: Prepare and distribute payroll reports to management and other stakeholders as needed. Provide analysis of payroll data, trends, and metrics to support decision-making.

Employee Support: Respond to payroll-related inquiries from employees promptly and professionally. Assist employees with payroll-related issues, such as direct deposit setup, tax withholding changes, and paycheck inquiries.

Compliance and Auditing: Assist with internal and external audits of payroll records and processes. Maintain documentation and records in accordance with company policies and regulatory requirements.

Qualifications:

• Bachelor's degree in Accounting, Finance, Business Administration, or related field (preferred).
•  2+ years of experience in payroll processing or related role.
• Proficiency in payroll software and Microsoft Excel.
• Strong understanding of payroll regulations, tax laws, and compliance requirements.
• Excellent attention to detail and accuracy.
• Strong communication and interpersonal skills.

 Ability to maintain confidentiality and handle sensitive information.

• Certified Payroll Professional (CPP) or similar certification (preferred).

Whats in it for you?

• Constant Learning and an entrepreneurial growth mindset
• Employee centric benefits plan including but not limited to Comprehensive Health Insurance, generous Leave Policy, Covid Support, Vaccination drives, Wellbeing sessions, real time grievance redressal and work flexibility.
• We are a people-first organization with policies and process that help you bring the best version of yourself into work including fast track growth for high-potential folks
• An opportunity to be associated with the worlds leading brands as clients
• To be a part of an organization with more than 60% of homegrown Leaders
• Customized training programs that are catered to personal and professional development
• We are an equal opportunities employer. We believe passionately that employing a diverse workforce is central to our success.

If youre up for this job, go on and hit the Apply Now button!

Note: This job description is intended to convey information essential to understanding the scope of the position and is not an exhaustive list of skills, efforts, duties, responsibilities, or working conditions associated with it. Responsibilities may change over time to accommodate business needs.