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Payroll Specialist

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S&P Global

1mo ago

  • Job
    Full-time
    Senior Level
  • People, HR & Administration
    Accounting & Tax
  • Hyderabad, +1

AI generated summary

  • You must have a degree (preferably in commerce), 5+ years in payroll processing, knowledge of payroll compliance and taxes, strong communication skills, attention to detail, and familiarity with payroll systems.
  • You will manage payroll processing, resolve errors, reconcile reports, ensure compliance, handle inquiries, support stakeholders, and conduct orientation sessions.

Requirements

  • Graduation in any discipline, with a preference for commerce graduates.
  • Minimum of 5+ years of experience in end-to-end payroll processing, demonstrating best practices.
  • Solid understanding of payroll-related compliances and Income Tax.
  • Excellent communication skills (verbal and written) with strong problem-solving aptitude.
  • High attention to detail and confidentiality.
  • Strong work ethic and team player.
  • Preferred working knowledge of Time Tracking, Workday, Success Factors, Employee Central, Kronos, Cloudpay etc.
  • Strong organizational, multi-tasking, and prioritizing skills.

Responsibilities

  • Manage end-to-end payroll for multiple entities.
  • Monitor and resolve integration errors, defect logs, and pre-processing errors regularly to ensure accurate outputs.
  • Reconcile reports, payroll inputs in templates, and ensure timely payroll closure.
  • Promote process automation to drive efficiency.
  • Monitor exit clearances and provide approvals after checking payroll dues.
  • Manage payroll workflow to ensure accurate and timely processing of all payroll transactions.
  • Reconcile payroll prior to transmission and validate confirmed reports.
  • Ensure time and attendance processing and interface with payroll if necessary.
  • Process correct garnishment calculations and ensure compliance.
  • Handle regulatory compliances, including Income Tax deductions, Provident Fund, ESIC, PT, Statutory Bonus, and LWF.
  • Support Finance, HR, and management with required reports.
  • Ensure timely year-end reporting when necessary.
  • Investigate and resolve discrepancies and employee queries related to payroll.
  • Conduct payroll orientation for new joiners and periodic payroll awareness sessions.

FAQs

What is the main responsibility of a Payroll Specialist at S&P Global?

The main responsibility of a Payroll Specialist is to manage end-to-end payroll for multiple entities, ensuring accurate and timely processing of payroll transactions while handling payroll-related regulatory compliances.

What qualifications are required for the Payroll Specialist position?

A graduation in any discipline, preferably in commerce, along with a minimum of 5+ years of experience in end-to-end payroll processing is required. A solid understanding of payroll-related compliances and Income Tax is also essential.

What tools or software should a Payroll Specialist be familiar with?

Preferred working knowledge of tools such as Time Tracking, Workday, Success Factors, Employee Central, Kronos, and Cloudpay is desirable.

What kind of working hours can a Payroll Specialist expect?

This is a general shift role, but based on dynamic business requirements, the Payroll Specialist may be required to work morning, evening, or night shifts.

How does the Payroll team contribute to the company's reputation?

The Payroll team ensures compliance with various legislations and handles payroll operations accurately, which helps protect the company's reputation and maintain employee morale.

Is there an opportunity for professional growth in this role?

Yes, there are opportunities for professional growth through managing projects, taking on additional responsibilities, and implementing operational efficiencies within the Payroll and HR teams.

Will the Payroll Specialist need to handle employee queries?

Yes, the Payroll Specialist will be responsible for investigating and resolving discrepancies and employee queries related to payroll.

What is the team environment like for the Payroll Specialist position?

The team fosters a conducive and competitive atmosphere to drive performance and enhance employee experience, with a focus on collaboration and support.

Are there benefits offered for employees in this position?

Yes, S&P Global offers various benefits including health care coverage, generous time off, continuous learning opportunities, and family-friendly perks.

What is S&P Global's approach to diversity, equity, and inclusion?

S&P Global believes that diversity fuels creativity, equity unlocks opportunity, and inclusion drives growth and innovation. The company is committed to reflecting and serving its diverse communities.

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S&P Global

Finance
Industry
10,001+
Employees

Mission & Purpose

S&P Global (NYSE: SPGI) provides essential intelligence. We enable governments, businesses and individuals with the right data, expertise and connected technology so that they can make decisions with conviction. From helping our customers assess new investments to guiding them through sustainability and energy transition across supply chains, we unlock new opportunities, solve challenges and accelerate progress for the world. We are widely sought after by many of the world’s leading organizations to provide credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help the world’s leading organizations plan for tomorrow, today. For more information, visit www.spglobal.com. Our divisions include: – S&P Global Market Intelligence partners with customers to broaden their perspective and operate with confidence by bringing them leading data sources and technologies that embed insight in their daily work. – S&P Global Ratings offers critical insights for credit, risk and sustainable finance solutions that are essential to translating complexity into clarity, so market participants can uncover opportunities. – S&P Global Commodity Insights enables organizations to create long-term, sustainable value with data and insights for a complete view on the global energy and commodities markets. – S&P Global Mobility turns invaluable insights captured from automotive data to help our clients understand today’s market, reach more customers, and shape the future of automotive mobility. – S&P Dow Jones Indices provides iconic and innovative index solutions, bringing transparency to global capital markets. – S&P Global Engineering Solutions solves for tomorrow’s challenges today by transforming workflows and end-user experiences with data, insights and technology.