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Finance Associate - India Payroll

McKinsey & Company

McKinsey & Company

Accounting & Finance
Chennai, Tamil Nadu, India
Posted on Thursday, August 31, 2023
Finance

Finance Associate - India Payroll

  • Chennai

Who You'll Work With

You will be based in our Chennai (India) office as part of our Global Payroll team, which is part of our Global Finance & Accounts service line. This group processes payroll of the firm members.

What You'll Do

You will liaison with local office for payroll inputs - new joiner/terminations/LOA/salary revisions and update the payroll software with the relevant changes for the payroll cycle.
You will ensure all employee benefits (if any) are taken care of and incorporate any changes with regards to banking information, mailing address, tax details, etc. You will review all applicable statutory deductions - retirement plans, taxes etc. and any review of offshore instructions.
You will generate relevant reports - pay register, variance report, etc. prior to payroll release and review internally. You will also coordinate payroll release with local office and back up payroll after payroll has been released. Responding promptly to payroll e-mail queries will be part of your duties as well.
You will file statutory reports and remittance of dues with regards to income tax and any other applicable statutory liabilities as well as enter compensation details - accounting of payroll cost. You will ensure confidentiality with regards to compensation details.

Qualifications

  • Bachelor’s degree in accounting, finance or related fields preferred
  • 2+ years of experience in payroll for India geography
  • Strong knowledge of accounting principles
  • Strong familiarity with productivity tools such as Microsoft Office Suite
Apply Now
Job Skill Group - N/A
Job Skill Code - GFAS - Finance Associate
Function - Firm Administration;Operations
Industry - Financial Services
Post to LinkedIn - Yes
Posted to LinkedIn Date - Wed Aug 31 00:00:00 GMT 2022
LinkedIn Posting City - Gurugram
LinkedIn Posting State/Province -
LinkedIn Posting Country - India
LinkedIn Job Title - Finance Associate - India Payroll
LinkedIn Function - Accounting / Auditing;Finance
LinkedIn Industry - Computer Software;Information Technology and Services;Management Consulting
LinkedIn Seniority Level - Not Applicable