Financial Associate - Payroll

Techolution is 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:

• Finance & Accounting Expertise: Strong understanding of financial principles, payroll
  accounting, and reconciliation.
  ● Tax & Compliance Knowledge: In-depth knowledge of India-specific payroll processes,
  including statutory compliances such as PF, ESI, TDS, and gratuity.
  ● Advanced Excel Proficiency: Strong Excel skills (VLOOKUP, Pivot Tables, Macros, Data
  Validation) for payroll data analysis, reporting, and reconciliation.
  ● Attention to Detail & Confidentiality: Exceptional organizational skills with the ability to
  manage sensitive payroll information with integrity and accuracy.
  ● Communication & Stakeholder Management: Strong interpersonal skills to address
  payroll-related queries and collaborate with employees and management.
  ● Problem-Solving & Audit Readiness: Ability to investigate and resolve payroll discrepancies
  independently, with experience in preparing for internal and external 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/
  Let's explore further!
  Uncover our unique AI accelerators with us:
  1. Enterprise LLM Studio: Our no-code DIY AI studio for enterprises. Choose an LLM, connect it to your data, and create an expert-level agent in 20 minutes.
  2. AppMod. AI: Modernizes ancient tech stacks quickly, achieving over 80% autonomy for major brands!
  

3. Computer-Vision. AI: Our Computer-Vision. AI Offers customizable Computer Vision and Audio AI models, plus DIY tools and a Real-Time Co-Pilot for human-AI collaboration!
4. Robotics and Edge Device Fabrication: Provides comprehensive robotics, hardware fabrication,
and AI-integrated edge design services.
5. RLEF AI Platform: Our proven Reinforcement Learning with Expert Feedback (RLEF) approach
bridges Lab-Grade AI to Real-World AI.
6. AI Center of Excellence: Establishes an AI Center of Excellence to maximize AI potential and ROI.
7. FaceOpen: AI-powered user identification system using image recognition and deep neural
networks, eliminating the need for keys, badges, or fingerprint scanners!
Some videos you wanna watch!
● Computer Vision demo at The AI Summit New York 2023
● Life at Techolution
● GoogleNext 2023
● Ai4 - Artificial Intelligence Conferences 2023
● WaWa - Solving Food Wastage
● Saving lives - Brooklyn Hospital
● Innovation Done Right on Google Cloud
● Techolution featured on Worldwide Business with KathyIreland
● Techolution presented by ION Worlds Greatest
Visit us @www.techolution.com : To know more about our revolutionary core practices and getting to know in detail about how we enrich the human experience with technology.