India Payroll Specialist

Your team responsibilities :

- This position is responsible for managing & administration of the entire payroll process and ensuring compliance and accuracy in Payroll activities of the India entity.

What we will offer you: Depending on your location of your role, you can expect.

- Competitive fixed and variable compensation, holiday/vacation allowance and retirement savings plans/pensions

- A wide range of benefits including - healthcare, dental plans, risk insurances and (location dependent) - cycle-to-work schemes, gym benefits, retail discounts

- A hybrid work environment, for the vast majority of employees, offering a more progressive way of working to give you the flexibility, accountability, and responsibility to empower you to perform at your very best. At the center of this way of working is a culture which is built on a strong foundation of trust. We trust our people and they trust our organization's leaders to support them.

- An inclusive and performance driven culture where you are empowered to maximize your potential in an environment where all individuals are respected and encouraged to bring their authentic selves to work

- A purposeful approach to Wellbeing to provide you with all the resources you need to be your best at work and in your personal life. Our Here For You Employee Assistance Program provides confidential emotional support with local experts, financial and legal advice in a wide range of issues as well as access to online information, resources and tools. All the services are available for our employees free of charge.

Your key responsibilities:

- Overall responsibility for payroll processing and administration covering all the components of payroll. This includes monthly cash payouts, managing the meal cards process and National Pension Scheme (NPS) process.

- Work closely with HR Connect team and other stake holders to organize correct inputs so that accurate payroll is processed.

- Manage all payroll processes in time bound manner and ensure validation of data to be accurate and truthful including but not limited to Investment declarations, WHT returns, WHT certificates, depositing of EPF dues in timely manner etc.

- Ensuring timelines are met for salary disbursement with 100% accuracy.

- Ensuring correctness of WHT on salaries, especially in case of exits.

- Responsible for providing variance analytics regarding payroll with Standardization of reports.

- Providing monthly payroll reports and accruals to Finance.

- Work closely with LEC team for correct accounting and reconciliation of payroll reports and accounts.

- Work closely with HR and Comp & Benefits teams to design and implement various initiatives around payroll domain.

Statutory compliances:

- Ensuring timeliness and accuracy of all related statutory compliances, such as depositing WHT, Professions Tax, LWF, EPF, NPS and others.

- Responsible for satisfying statutory audit requirements, SOX audit and Internal Financial Control (IFC) verifications.

- Ensuring adherence to rules and regulations of income tax in case of all calculations.

- Preparation & Submission of Quarterly WHT returns and ensuring issuance of correct WHT certificates to employees.

- Stay updated with all relevant regulatory changes to ensure correctness and compliance.

Others:

- Act as MSCI contact person for any employee queries related to payroll calculations, tax workings or any related processes.

- Participate in new joiner inductions as per HR requirements.

- Guide and help employees to ensure completeness of employee driven processes like, Rent/ Investment declarations, submission of actual proofs etc as required from time-to-time.

- Engage with payroll provider to improve on processes and technological advancements.

Your skills and experience that will help you excel :

- Having 7-8 years of experience in handling payroll process out of which at least 3-4 years should be handling independently for Indian operations. Most recent size of operation handled should not be less than 1000 employees.

- Experience of handling payroll of multiple locations will be an advantage.

- Sound knowledge of rules and regulations related to compliance requirements under Income Tax as employer.

- Sound knowledge of Income Tax rules and regulations related to personal income tax from employee perspective.

- Sound understanding of rules and compliances related to Provident Fund, Profession tax and any other applicable laws.

- Sound knowledge of MS Excel.

- Should be able to manage confidentiality around payroll.

- Have good communication skills and experience in dealing/ communicating with employees at all levels.

- Person will be required to physically operate from office location on as-needed basis.

How we'll support you:

- Coaching, support and encouragement from experts in your team

- Access to a wide range of learning opportunities to support your growth and development

- Customizable learning journeys to help you navigate your professional development

- Transparent performance-based compensation schemes

- Employee Resource Groups: MSCI Pride, Black Leadership Network, Women's Leadership Forum, Women in Tech, Asian Support Network, All Abilities, Hola! MSCI and Climate Action Group.

About MSCI and our teams

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.

Our values define the working environment we strive to create. We are inclusive, we champion bold ideas, we always pursue excellence, and always act with integrity. Personal accountability and responsibility are key to success, and we always work as a team to remain client centric.

At MSCI diversity is at our core and inclusion defines our culture. Our people are empowered to maximize their potential in an environment where all individuals are respected and encouraged to bring their authentic selves to work. We work, learn and grow together and we are committed to hiring and promoting qualified women, ethnic minorities and members of the LGBT+ community candidates, who have historically been underrepresented in financial services.

To learn more about life at MSCI please visit https://careers.msci.com or follow us on LinkedIn, Twitter, Glassdoor.

MSCI Inc. is an equal opportunity employer committed to diversifying its workforce. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, gender, gender identity, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy (including unlawful discrimination on the basis of a legally protected pregnancy/maternity leave), veteran status, or any other characteristic protected by law.

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