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Payroll Spec, Sr I

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As a Senior Payroll Specialist, your role involves processing bi-weekly payroll, managing tax records, handling statutory compliances, preparing MIS reports, and using ADP software. The position is based in Bengaluru, Karnataka, India, and requires 5 to 10 yrs of payroll experience with expertise in 401K, Social Security, FICA, and tax regulations.

Roles and Responsibilities:

  • Payroll processing:



o Process bi-weekly payroll for all employees from Employee Records/Data base and other related sources.

o Manage tax and withholding records and deductions for all federal, state, local or other corporate taxes that affect payroll amounts.

o Set up each single new hire with all the necessary forms, including direct deposit requests, wage verification, I-9 information, and W-4 reports.

o Produce yearly employee withholding tax reports in a timely fashion to ensure all employees are able to prepare their taxes without delay.

o Answer questions regarding pay checks, withholding tax issues or wage adjustments from employees and help troubleshoot possible issues with pay.

o Follow and calculate all outside wage garnishment requests or judgments when required on a person’s paycheck.

  • Compliance



o Statutory compliances with respect to 401K, Social Security, FICA, FLSA, FUTA and other related compliances.

o Preparation and Co-ordination with auditors and ensures smooth completion of audits related to payroll.

  • MIS reports



o Preparation of monthly and quarterly payroll cost variance report ( CC wise, BU wise and function wise ).

o Preparation of monthly payroll MIS and ad hoc reports for management

  • ADP software knowledge – knowledge payroll processing through ADP is an added advantage.




Job Requirements:


v 5 to 10 yrs of experience in handling payroll of IT companies preferable using ADP software.

v Degree or Masters Degree from any recognized university.

v Expertise knowledge of retirement benefits like 401K, Social Security, FICA, FLSA, FUTA.

v Sound knowledge of federal and state tax regulations.

v Exposure to labour law compliances.

v High degree of professionalism.

v Ability to deal sensitively with confidential material.

v Decision-making, problem-solving, and analytical skills.

v Must have good interpersonal, written and verbal communications and good presentation skills.

Set alert for similar jobsPayroll Spec, Sr I role in Bengaluru, India
Synopsys Inc Logo

Company

Synopsys Inc

Job Posted

a year ago

Job Type

Full-time

WorkMode

On-site

Experience Level

3-7 years

Category

Finance

Locations

Bengaluru, Karnataka, India

Qualification

Bachelor

Applicants

Be an early applicant

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