Manager - Payroll - BFSI

Key Responsibilities:

Payroll Processing:

- Oversee the preparation and processing of bi-weekly, semi-monthly, or monthly payrolls.

- Ensure accurate and timely execution of payroll operations, including salary disbursement, bonuses, and deductions.

- Verify payroll calculations and resolve discrepancies.

Compliance and Reporting:

- Ensure compliance with federal, state, and local payroll, wage, and hour laws.

- Maintain and update payroll records and ensure proper documentation for audits.

- Prepare and submit required payroll reports and filings, such as tax returns and year-end reports.

Systems Management:

- Manage and optimize payroll systems and software.

- Coordinate with IT and software vendors for system updates and troubleshooting.

- Train staff on payroll system functionalities and updates.

Employee Relations:

- Address and resolve employee payroll-related inquiries and issues.

- Communicate payroll policies and procedures to employees.

- Ensure confidentiality and security of payroll information.

Process Improvement:

- Identify opportunities to streamline payroll processes and improve efficiency.

- Implement best practices in payroll administration.

- Lead or participate in payroll-related projects and initiatives.

Financial Reconciliation:

- Reconcile payroll accounts and ensure accuracy of payroll data.

- Coordinate with the finance team for budget preparation and financial planning related to payroll.

Qualifications:

- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.

- Minimum of 5 years of experience in payroll management, preferably in the housing finance sector.

- Comprehensive knowledge of payroll regulations and compliance requirements.

- Proficiency with payroll software (e.g., ADP, Paylocity, SAP) and Microsoft Office Suite.

- Strong analytical and problem-solving skills.

- Excellent communication and interpersonal skills.

- Certified Payroll Professional (CPP) designation is a plus.

Skills:

- Thorough understanding of payroll processes and procedures.

- Ability to handle sensitive and confidential information.

- Strong organizational skills and attention to detail.

- Ability to manage multiple tasks and meet deadlines.

- Excellent problem-solving abilities.

Working Conditions:

- Full-time position, typically Monday to Friday.

- Office environment with potential overtime during peak payroll periods or audits.