Deloitte Hiring for India Payroll – Accounting and Finance- Analyst Job at Hyderābād Full Time

Analyst – India Payroll – Deloitte Consulting India Private Limited

We are looking for professionals with relevant experience in India payroll processing, accounting and regulatory compliance activities, who are looking forward to making a career in the Finance field.

As a part of this team, you will be involved with:

• Handle the end-to-end payroll processing activities following the specific instructions, guidelines and set procedures.
• Coordinating with all stake holders for obtaining timely and accurate payroll inputs
• Collating, validating, and processing payroll inputs for all employees timely and accurately
• Computing Full and Final Settlements of separated employees with stringent deadlines.
• Coordinating and processing all onboarding components for new employees in payroll, similarly, processing all final settlement components in payroll for separating employees.
• Coordinating and processing all separations, salary continuations, transfers process payroll/personnel data changes, withholding tax compliance, social security direct deposits, salary changes, sign on bonuses, employee loans and reimbursement
• Fielding various payroll inquiries from employees and other stakeholders to understand basic payroll transactions and terminology for our organization.
• Liaise and coordinate with the HR, other colleagues in the general ledger accounting and FTP / Payroll Team on the scheduled payroll related activities.
• Flag off exceptions observed in the payroll inputs and ensure the same is considered in line with firm policies and guidelines.
• Preparing periodic reporting for leadership and other stake holders
• Administering meal voucher benefits for all employees
• To be well versed with latest Payroll related guidelines.

• Preparing and recording of payroll entries for both Regular payroll and Full and Final settlement in SAP S/4 HANA.
• Preparing Amortization and accruals on a periodic basis.
• Operate monthly accounting closure activities for payroll and benefits in SAP ledgers, including reconciling and balancing of payroll accounts in SAP ledgers.
• Assisting the internal stakeholders in Audit / Tax Compliance and Financial Reporting.
• Analyze payroll transactions for appropriate classification and compliance with generally accepted accounting standards and Deloitte accounting policy.
• Should be a great team player, brainstorm common issues within the team and able to suggest resolution plan.
• Coordinating with internal and External stakeholders for smooth settlement of death claims settlements as applicable to the employees as per firm policies.
• Ensuring of keeping and compliance with all current Payroll policies, creating Process documents and procedures to ensure each process in Accounting and Compliance is documented.
• Assist with continuous improvement in payroll accounting process.
• Responsible for timely remittances and filing of returns of all government statutory requirements such as EPF, PT, TDS, LWF, ESIC.
• Independently able to handle employee queries on Income Tax, EPF, PT, ESIC, LWF and any other applicable statutory compliances.
• Maintenance and updating records of government statutory reports and handling notices issued by statutory authorities.
• Preparation of reports requested by Management and other stakeholders.
• Responsible for handling emails received from active/separated employees and internal/external stakeholders on activities mentioned above.
• Interacting and coordinating with stakeholders to have processes running smoothly
• Stay updated about the latest amendments in Taxation, Provident Fund, Payroll related guidelines/ circulars issued by the Governing authorities.

Work Location: Hyderabad

This position is a part of Deloitte Consulting India Pvt Ltd, within the Financial Services Group – Payroll and Personnel Solutions service line. In the India paying team, the responsibilities assigned are in support of India Payroll activities of the Deloitte India offices across four locations – Hyderabad, Mumbai, Bengaluru and Gurgaon.

Required:

• Graduate/postgraduate in finance
• 2 – 4 years of relevant experience
• Advanced excel skills
• Experience in India payroll processing, accounting & regulatory compliances
• Strong analytical skills, ability to multi-task, strong attention to details and accuracy and proficiency in the use of systems, including Microsoft suite of applications, SAP.
• Knowledge of basic auditing and internal control standards.
• Experience in SAP S/4 HANA (will be an added advantage)
• Knowledge of India tax and statutory compliances
• Proven ability to prioritize and work within strict timelines.
• Knowledge of SAP HR systems and accounting packages
• In-depth experience with payroll processing activities, analysis and management reporting
• Good understanding of business terminology, business operations, and financial policies and internal controls
• Integrity and high ethical standards and commitment to data privacy
• Ability to identify complex issues related to nonstandard transactions and processes, and develop solutions to address relevant situations
• Ability to work in a flexible, high pressure and client driven work environment
• Good word processing and spreadsheet skills required
• Effective problem solving and interpersonal skills
• Ability to organize work, document, and report concisely
• A typing speed of 45-50 words per minute with data entry capabilities at 7000 ksph with 5% or less errors
• Good verbal, written communication and documentation skills

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