Finance Associate- Payroll

Looking for MBA Finance or PGDM OR CA OR CMA Graduate- Only 2023-2024 Graduates

We are seeking a highly skilled Finance Associate - Payroll to process and manage payroll for our India-based employees. The ideal candidate will possess deep expertise in India payroll processes, statutory compliances, and accounting practices. This role requires attention to detail, proficiency with payroll software, and the ability to maintain high standards of accuracy and confidentiality. You will collaborate closely with HR and other departments to ensure timely and correct employee compensation while adhering to statutory requirements.

Job Title: Finance Associate - Payroll

Location: Remote

No of Openings: 2

If you're interested in this opportunity, please click the link below to complete a short video assessment. Before starting, ensure your browser has permission to access your microphone and camera: https://hire.techolution.com/video-resume?role=4214f0cb-2150-44e4-b803-0c4a1dcf608b

Key Responsibilities:

• Payroll Processing: Accurately process payroll for India-based employees, ensuring timely payment of salaries, bonuses, and deductions.
• Compliance Management: Ensure compliance with all Indian statutory requirements such as PF, ESI, professional tax, gratuity, income tax, and TDS.
• Tax and Filing: Review and complete payroll tax filings, handle employee income tax computation, and manage full-and-final settlements in line with state rules and statutes.
• Payroll Audits: Support internal and external audits by maintaining accurate payroll records and addressing discrepancies.
• Employee Assistance: Act as the first point of contact for payroll and benefits-related queries, addressing questions on salary, deductions, leave balances, and other payroll matters.
• System Management: Add new hires to payroll systems, process leavers final settlements, and collaborate with HR and payroll providers for system updates and reporting.
• Financial Integration: Ensure payroll data accurately flows into the companys financial statements, including timely updates in QuickBooks or Zoho.
• Reporting and Analysis: Prepare payroll MIS, weekly cost-saving reports, and resource mapping data, highlighting risks and opportunities.
• Statutory Compliance: Adhere to Indian labor laws and statutory requirements, identifying and mitigating shortfalls or risks.
• Process Improvement: Identify and implement enhancements in payroll processes to improve accuracy and efficiency.

Preferred Skills and Qualifications:

• India Payroll Expertise: Strong understanding of India-specific payroll processes, including statutory compliances like PF, ESI, TDS, and gratuity.
• Accounting Knowledge: Basic accounting skills, including experience in payroll accounting and reconciliation.
• Tools and Software: Hands-on experience with payroll systems (e.g., ADP, QuickBooks, Zoho) and proficiency in Microsoft Excel for payroll data management.
• Attention to Detail: Outstanding organizational skills with the ability to handle sensitive and confidential information with integrity.
• Communication Skills: Strong interpersonal skills to effectively address payroll-related inquiries from employees and stakeholders.
• Problem-Solving: Ability to identify, investigate, and resolve payroll discrepancies independently.
• Audit Readiness: Familiarity with preparing for and supporting internal and external payroll audits.

About Techolution :

Techolution is a next gen consulting firm on track to become one of the most admired brands in the world for "innovation done right". Our purpose is to harness our expertise in novel technologies to deliver more profits for our enterprise clients while helping them deliver a better human experience for the communities they serve.

With that, we are now fully committed to helping our clients build the enterprise of tomorrow by making the leap from Lab Grade AI to Real World AI. Other focus areas being Enterprise Cloud, Product Innovation (IoT, 3D printing, Robotics), Real World AI Services (CV, LLM, CNN).

We are honored to have recently received the prestigious Inc 500 Best In Business award, a testament to our commitment to excellence. We were also awarded - AI Solution Provider of the Year by The AI Summit 2023, Platinum sponsor at Advantage DoD 2024 Symposium and a lot more exciting stuff! While we are big enough to be trusted by some of the greatest brands in the world, we are small enough to care about delivering meaningful ROI-generating innovation at a guaranteed price for each client that we serve.

Our thought leader, Luv Tulsidas, wrote and published a book in collaboration with Forbes, Failing Fast? Secrets to succeed fast with AI. Refer here for more details on the content - https://www.luvtulsidas.com/

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