Job Title: Operations and Payroll, Assistant Manager
This position is responsible for the delivery of payroll services including operations and projects support to entities in India in accordance with Company Service Level Agreements that will ensure accuracy and timeliness as well as full compliance with legislation, company policy and control procedures. The position requires the ability to work on various APAC HR and payroll related projects and continuously look to improve the efficiency of day-to-day payroll operations through work process improvements.
Primary Job Duties And Responsibilities
- This position is responsible for managing & administration of the company Payroll shared services and ensuring compliance and accuracy in monthly Payroll activities
- The role responsible for ensuring timely and accurate delivery of payroll.
- Overall responsibility for payroll processing and administration
- Manage certain time bound processes and ensure validation of data to be accurate and truthful
- Ensuring timelines are met for salary disbursement and statutory compliance
- Ensuring Employee Benefits including Employee reimbursements as per rules and regulations of income tax
- Responsible for value adds and Payroll process Standardization
- Verification & Reconciliation of monthly payroll
- Preparation & Submission of monthly, Annual statutory contributions.
- Steer the year-end processing where applicable and ensure timely activities are met.
- Responsible of publishing monthly Payroll Dashboard
- Ensure Monthly payroll provisions to Finance
- Maintaining payroll operations by following policies and procedures
- Resolving payroll discrepancies and be proactive enough to escalate any discrepancies within the Governance timeframes.
- Demonstrate high professionalism and flexibility towards work assigned
Essential Experience
- 6 + years of payroll operation and administration experience for India.
- Working knowledge of statutory legislation and procedure relating to payroll.
- Should have been experience in working various HR and Payroll projects.
- Working knowledge of a Payroll/HR system.
- Excellent working knowledge of Microsoft Excel.
- Evidence of a confident communication style and clear written communication.
- Resilience and the ability to work independently in a fast-paced environment to.
- Deliver results with a strong focus on accuracy and attention to detail.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation, we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
State Street's Speak Up Line
Job ID: R-757796
