R2R Payroll Account - Executive
- Sodexo
- 1 - 5 years
- Mumbai
- 18 hours ago
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Job Description
Job Purpose
The Payroll Accountant (Executive level) will be responsible for managing payroll-related accounting and statutory compliance activities. This role ensures timely payment of employee-related liabilities, accurate recording of payroll transactions, and supports overall R2R processes along with the delivery of a high quality, customer focused service daily basis to the client in accordance with agreed Service Level Agreements.
Key Responsibilities
- Statutory Compliance & Payments:
- Ensure timely payment of all employee-related statutory liabilities as per applicable due dates.
- Prepare bank payment files for processing and release of payments.
- Payroll Accounting:
- Record payroll and employee-related bank payment entries accurately.
- Prepare monthly schedules for payroll-related accounts.
- Employee Benefits & Cards:
- Place new meal card orders and manage reload activities.
- Handle annual gift card orders and amount reloads.
- Reconciliation & Analysis:
- Identify and follow up on any open or unreconciled items for employee liability balances.
- Conduct monthly and quarterly flux analysis on payroll and statutory liability balances related to balance sheet and P&L accounts.
- Other R2R Activities:
- Support any additional Record-to-Report activities assigned from time to time.
- Meet the defined SLAs/KPIs consistently each month.
- Aims at improving processes.
- Responsible for following control procedures and maintaining operational procedures.
- Foster the Sodexo culture in compliance with the Groups core values (service spirit, team spirit, spirit of progress) and its ethical principles (trust, respect for people, transparency, and business integrity).
- Create an environment that promotes integrity, transparency, trust and meritocracy.
- Be responsible for pre-close and month end closing activities, in compliance with company accounting policies, timelines and the application of IFRS & local accounting standards.
- Support internal, external, tax audit requirements.
- Posting journal entries and accounting corrections/reclassifications to ensure accurate accounting records. Understand data flow across systems, sub ledger-ledger process to help provide resolution.
- Actively participate in new ERP implementation during UAT, parallel run and go-live.
Qualification
Graduate/Postgraduate in Commerce or Finance.
Experience
- 15 years in payroll accounting and statutory compliance, preferably in a multinational environment.
- Strong knowledge of payroll processes and statutory requirements.
- Proficiency in ERP systems (D365/SAP/Oracle) and MS Excel.
- Attention to detail and accuracy.
- Strong analytical and problem-solving abilities.
- Good communication and stakeholder management skills.
Functional Competencies
- Payroll Process Expertise: In-depth understanding of payroll cycles, statutory deductions, and compliance requirements.
- Accounting Knowledge: Strong grasp of accounting principles related to payroll, employee liabilities, and reconciliations.
- ERP & System Proficiency: Ability to navigate and utilize ERP systems (SAP/Oracle) for payroll and payment processing.
- Data Analysis & Reporting: Skilled in preparing schedules, conducting flux analysis, and interpreting payroll-related financial data.
- Compliance Management: Knowledge of labor laws, tax regulations, and statutory payment timelines.
- Problem-Solving: Ability to identify discrepancies and resolve issues promptly.
- Process Improvement: Capability to streamline payroll accounting processes for efficiency and accuracy
Behavioural Competencies
- Integrity & Ethics: Adheres to compliance and confidentiality standards.
- Accountability: Takes ownership of payroll and related processes.
- Collaboration: Works effectively with HR, Finance, and cross-functional teams.
- Adaptability: Handles changing priorities and deadlines efficiently.
- Continuous Improvement: Seeks opportunities to enhance payroll processes.
- Communication: Provides clear and timely updates to stakeholders.
Job Classification
Industry: Facility Management ServicesFunctional Area / Department: Finance & AccountingRole Category: Finance & Accounting - OtherRole: Finance & Accounting - OtherEmployement Type: Full timeContact Details:
Company: SodexoLocation(s): Mumbai
Keyskills: R2r payroll Fixed Assets Month End Closing Payroll Accounting Month End Reporting Accruals General Ledger Accounting Balance Sheet Reconciliation General Ledger Journal Entries Fixed Asset Accounting Gl Accounting
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