Specialist - Payroll & Benefits

Merck Sharp & Dohme (MSD)

2 - 6 years

4 - 8 Lacs

mumbai

Posted:5 hours ago| Platform:

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Skills Required

outbound change management project management process improvement relationship building reconciliation service delivery management information management operations monitoring

Work Mode

Work from Office

Job Type

Full Time

Job Description

Maintaining high standards in payroll compliance and up-to-date knowledge and understanding of laws, regulations, contracts, policies, procedures, and controls governing payroll operations in its jurisdiction.
Driving organization efficiency, effectiveness and compliance with internal and external audit requirements and standards, sound fiscal practices and performance scorecard.
Consistently demonstrating companys leadership standards, clarifying how the changes will help the organization meet business goals and articulates the benefits of change. Challenges the status quo and creates an environment that adapts to rapid change. Demonstrates willingness to take calculated risks. Involves stakeholders to help implement and support change and develops strategies to deal with resistance to change. Applies systematic thinking to multiple change initiatives.

Essential Function

Time Spent %

1. Payroll Management:

Administer Payroll Data Setup and Maintenance
Administer determination of gross payment, including flexi-pay elements, one time & variable pay items governed by the local country s C&B policies
Validate source system data and consult with service provider for determination of net pay
Administer pay & respond to general questions on Executive Compensation
Coordinate with service provider to set-up inbound/outbound payroll
Administer absence management system, absenteeism reports for pay impact, T&A data governed by local country policy
Administer full & final settlement dues of ex-employees
Coordinate with service provider to administer direct taxation activities
Oversight of Payroll Processes & Administration
Develop & implement payroll strategy, policies, procedures, controls
Develop and maintain payroll applications and technology; defining payroll views and interfaces to internal systems and third parties
Administer payroll reporting, accounting & reconciliation statements, payroll related cross-charge activities with Finance
Manage statutory external audits (including SOX, legal, etc.), internal audits (MCAAS), Labour Inspection audits & Statutory Reporting activities
Ensure availability and proper maintenance of statutory and legal documentations required for audits and serves as point of contact for auditors requirements, investigations, and meetings.
Manage payroll related historical information and proprietary data of payments and deductions - 30%

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