- Oversee end-to-end payroll processing, including salary calculations, deductions, and benefits administration, such as provident fund, insurance, and healthcare plans.
- Conduct regular payroll audits and ensuring compliance with statutory Indian labour laws & tax regulations.
- Ensure data integrity and provide support for implementing system upgrades and enhancements.
- Monitor and resolve payroll discrepancies, investigating and resolving issues promptly and accurately.
- Generate payroll reports, including tax filings, benefits deductions, provident fund filing, and other required reports, ensuring compliance with regulatory requirements.
- Address employee inquiries and concerns related to payroll, providing exceptional service and support.
- Stay updated on payroll regulations, Indian tax laws and industry trends, implementing necessary changes to ensure compliance and best practices.
- Work with the Global HR Team on projects related to efficiency, and process improvements.
- Work with finance to carry out all payroll related activities regarding month end and year end close.
- Coordinate with internal and external audit for the annual payroll audit.
Labor Compliance
- Apply comprehensive knowledge on Labour Law Compliances to address operational and advisory requirements.
- Demonstrate expertise on interpretation of various provisions in the law that help define legal interpretation of areas such as wages, time-offs, statutory policies of the organization.
- Manage the entire Labour Law compliance operation for Russell Investments, India.
- Responsible for client delivery in terms of turnaround time, Accuracy of interpretation of legal requirements for employees, firm vendors, and service partners.
- Ensure that the firm is up to date with the labour laws and are through with changes as and when announced.
- Ensure all legal updates to clients under the various Labour Laws are communicated well in time and advise necessary actions to be taken as appropriate.
- Ensure accurate response / interpretations for all legal queries raised by clients under various Labour Welfare Legislations, in partnership with external legal counsel and internal legal and compliance teams.
Benefits Administration
- Enable the successful implementation of India employee benefits plans and programs including but not limited to health, life and accident, wellbeing, retirement and employee perks.
- Works closely with India senior leadership, HR, and Global Employee Benefits teams to build consensus and support for the India employee benefits and wellbeing strategy.
- Engages relationships with local consultants, vendors, and peers.
- Participates in Global Benefits strategy design with HR and Global Employee Benefits to provide recommendations for innovative ways to maximize the value of the India employee benefits package,
- Works with Leaders, HRBPs and Talent Acquisition to effectively communicate/amplify the organization s Employee Benefits philosophy and educate team members on the value of Total Rewards.
Required skills and qualifications.
- Bachelor s degree in accounting, human resources, or a related field.
- 8+ years of experience in payroll, benefits and/or labour compliance or a similar role.
- In-depth knowledge of payroll processes, labour laws, taxation, and statutory compliance in India.
- Experience in handling payroll audits, inspections, and compliance assessments.
- Proficiency in payroll software and systems, such as SAP and/or ADP, with experience implementing and managing payroll systems, Microsoft Office applications, particularly Excel.
- Strong diligence and accuracy in managing complex calculation data.
- Exceptional communication and people skills, with the ability to interact effectively with employees.
- Elevated level of integrity and ability to manage sensitive and confidential information.
- Ability to adapt to changing labour compliance regulations and implement necessary updates.
- Ability to work in a matrix organizational structure and be part of a global team environment.
- Display flexibility with working hours and operate in different time zones, when required.
Core Values
- Strong interpersonal, oral, and written communication and collaboration skills with all levels of management.
- Strong organizational skills including the ability to adapt to shifting priorities and meet frequent deadlines.
- Demonstrated proactive approach to problem-solving with strong judgment and decision-making capability.
- Highly resourceful and collaborative team-player, with the ability to also be independently effective and exude initiative and a sense of urgency.
- Exemplifies our customer-focused, action-oriented, results-driven culture.
- Forward looking thinker, who actively seeks opportunities, has a desire for continuous learning, and proposes solutions.
- Ability to act with discretion and maintain complete confidentiality.
- Dedicated to the firm s values of non-negotiable integrity, valuing our people, exceeding client expectations, and embracing intellectual curiosity and rigor.
