Assistant Manager - Payroll

Job Summary

Position/Title: Assistant Manager - Global Payroll Treasury

Experience: 5-7 years of experience

Qualification: Bachelor s degree in finance, Accounting, or related field (Master s preferred).

Department: Finance

Employment type: Fulltime

Location: India (with scope covering India, Mexico US operations)

Responsibilities

• Manage end-to-end payroll processing for India, Mexico, and US employees, ensuring accurate and timely salary disbursements.
• Validate payroll inputs including attendance, leave, overtime, and variable pay as registered by HR.
• Initiate payments for monthly salaries and full final settlements, covering earnings, deductions, reimbursements, bonuses, incentives, and final settlements.
• Administer statutory payroll components such as PF, ESI, Professional Tax (PT), Labour Welfare Fund (LWF), and TDS.
• Ensure compliance with Indian payroll laws, statutory requirements, and company policies.
• Generate and review payroll reports, salary registers, variance reports, and reconciliation statements.
• Coordinate with Finance, HR, employees, and payroll vendors to resolve discrepancies and employee queries.
• Payroll Finance Accounting: Prepare payroll-related journal entries and accounting adjustments in line with financial controls.
• Payroll Finance Accounting: Support General Ledger and Record-to-Report (R2R) activities related to payroll transactions.
• Payroll Finance Accounting: Provide data for actuarial valuation of gratuity and leave encashment in coordination with HR and consultants.
• Payroll Finance Accounting: Ensure accurate accounting of accruals (bonus, leave encashment, gratuity) and reporting of payroll expenses, deductions, liabilities, and funding transactions.
• Payroll Finance Accounting: Utilize NetSuite Zoho Books for payroll accounting, journal entries, and reconciliations.
• Payroll Finance Accounting: Support statutory, internal, and US GAAP audits (10K, 10Q), providing relevant data and resolving auditor queries.
• Treasury, Cash Liquidity Management: Prepare and review payroll funding requirements for India, Mexico, and US payroll cycles (including intercompany transfers).
• Treasury, Cash Liquidity Management: Support cash positioning and liquidity planning by tracking payroll requirements and scheduled cash movements.
• Treasury, Cash Liquidity Management: Manage ACH and Wire payment processing, including validation, tracking, and exception resolution.
• Treasury, Cash Liquidity Management: Perform bank and account reconciliations, investigate cash breaks, and ensure timely clearance of outstanding items.
• Treasury, Cash Liquidity Management: Prepare and maintain cash flow reports for management review.

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