Job Description

India payroll specialist with the strong payroll compliance competency & efficient administration of payroll

• Maintain employee master data & payroll records in HRMS, audits for compliance with company policies, procedures and authorizations with cyclical deadlines

• Develop more efficient, streamlined processes to eliminate manual work (focus on automation)

• Manage payroll workload to meet operational requirements, process F&F, gratuity payments etc

• Ensure regular payroll compliance with statutory payments remittances and filing requirements across locations and entity

• Compile data from various sources/locations, and maintain the required registers at location/entity level to ensure the payroll compliance is met 100%

• Liaise with vendor for any new registrations/renewals of certifications as per the statute

• Co-ordination with vendor and monitor on all payroll compliance aspects

• Interface with govt bodies (PF, ESI, PT, labor related etc)

• Manage ESOP perquisite calculation and manage tax process

• Publish MIS reports required at location & entity level

• Preparation of statutory reports required for audits

• Prepare and review payroll GL account reconciliations

• Ensure all payroll information and records are maintained in accordance with statutory requirements

• Support all internal and external audits related to payroll

• Interpret new legislation impacting payroll

• Manage and resolve issues relating to payroll

• Maintain employee confidence and protects payroll operations by keeping information confidential

• Handle helpdesks for staff & also conduct new joiner inductions

• Monitor accurate processing of staff hiring, transfers, promotions and terminations

• Monitor and maintain exit data in tools, drive exit process for timely & accurate F&F settlements

• Handle payroll of international Workers (incl. compliance of tax and social security benefits)

Desired Profile

• 12-15 years of experience in a similar role with minimum graduation in commerce & MBA-HRM

• Self-driven & enthusiastic

• Ability to work effectively in a team and willingness to help others

• Attention to detail and accuracy

• Planning and organizing

• Strong in labor compliance handling

• Communication skills

• Problem analysis and problem-solving skills

• Decision-making

• Stress tolerance

• Teamwork

• Flexible with timings

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

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