Senior Analyst - Payroll and Compliance

Joining Capco means joining an Organization that is committed to an inclusive working environment where you’re encouraged to #BeYourselfAtWork. We celebrate individuality and recognize that diversity and inclusion, in all forms, is critical to success. It’s important to us that we recruit and develop as diverse a range of talent as we can. We believe that everyone brings something different to the table – so we’d love to know what makes you different.

We are/have:

• Experts in banking and payments, capital markets and wealth and asset management
• Deep knowledge in financial services offering, including e.g. Finance, Risk and Compliance, Financial Crime, Core Banking etc.
• Committed to growing our business and hiring the best talent to help us get there
• Focused on maintaining our nimble, agile and entrepreneurial culture

Exp – 6-8 yrs payroll exp.

Payroll Operations

• Shall be responsible for the end-to-end Payroll operations & the related compliance activities.
• Shall be part of the Payroll team to implement the ‘maker & checker’ concept in payroll process.
• Digitalize the Payroll process as much as possible, to simplify processes, reduce TAT and increase accuracy of operations (Target 100%).
• Strengthen Payroll processes to ensure there are no gaps, ensure adherence to procedures and provide training/cascade to all HR colleagues.
• Implement best practices for payroll process based on previous experiences with clear process flow and accountability/responsibility mapping (RACI).
• Support Annual and mid-year salary review and promotion cycles with salary change and letter generation.
• HR Audits – represent the Payroll team in all audits (Internal, External, statutory compliance and ICQ etc.) and provide required data and ensure compliance to audit requirements.
• Run periodic payroll helpdesks and establish connect with employees, resolve their grievances, and ensure employee delight.
• Preparation of monthly variance report and analysis. Verify and certify the final output file before disbursement of salary.
• Publish the payroll calendar and prepare all Schedules related to payroll and ensure necessary provision entries in the books of accounts.
• Various MIS & Reports preparation as per the requirement.

Compliance & Audit Management

• Statutory compliance under various viz. withholding tax, super for various locations.
• Liaison with internal auditors, external auditors, bankers, compliance vendor and other government agencies relating to statutory compliance.
• Work closely with compliance partners and internal tax team to ensure strict compliance to regulations, and manage notices, if any that are received from the statutory authorities.
• Monitor all Employee requests pertaining to Payroll, statutory compliance etc.
• Work with Compliance vendor/partners to make sure we are statutory compliant without any deviations.
• Compliance to local taxes and ensure timely submission of statutory returns to the respective authorities.
• Be abreast with changes in the statutes and ensure the implementation of updates to be fully compliant with applicable provisions.

Educational Requirements

• Bachelor’s degree mandatory. Master’s Degree would be an added advantage.
• Strong in Communication, ability to work with people and manage multiple stakeholders.
• Strong background in India Payroll process, Taxation and Compliance

Experience / Competences

• 6-8 years hands on experience in managing payroll for a large organization.
• Ability to work independently with minimal supervision.
• Meticulous, Eye for detail and process-oriented approach.
• Demonstrate high level of vigilance in validating payroll inputs
• Learning agility and flexible to adapt in a dynamic work environment.

WHY JOIN CAPCO?

• You will work on engaging projects with some of the largest banks in the world, on projects that will transform the financial services industry.
• We offer:
• A work culture focused on innovation and creating lasting value for our clients and employees
• Ongoing learning opportunities to help you acquire new skills or deepen existing expertise
• A flat, non-hierarchical structure that will enable you to work with senior partners and directly with clients
• A diverse, inclusive, meritocratic culture