Accounting and Statutory Compliance Analyst Job in Hyderabad at Deloitte

Deloitte is hiring for the role of Accounting and Statutory Compliance Analyst!

Responsibilities of the Candidate:

• Preparing and recording payroll entries for both Regular payroll and Full and Final settlement in SAP S/4 HANA.
• Reconciling business expense reimbursement payments and submitting schedules for payment processing on a weekly basis for US and India offices.
• Preparing Amortization and accruals on a periodic basis.
• Operating monthly accounting closure activities for payroll and benefits in SAP ledgers, including reconciling and balancing payroll accounts in SAP ledgers.
• Analyzing payroll transactions for appropriate classification and compliance with generally accepted accounting standards.
• Assisting the internal stakeholders in Audit / Tax Compliance and Financial Reporting.
• Analyzing payroll transactions for appropriate classification and compliance with generally accepted accounting standards and Deloitte accounting policy.
• Staying updated about the latest amendments in Taxation, Provident Fund, Payroll related guidelines/ circulars issued by the Governing authorities.
• Ensuring compliance with all current Payroll policies, creating Process documents and procedures to ensure each process in Accounting and Compliance is documented.
• Assisting with continuous improvement in accounting and compliance-related processes.
• Coordinating with stakeholders to obtain timely and accurate inputs.
• Collating, validating, and reviewing stakeholders’ inputs for all employees timely and accurately
• Fielding various payroll inquiries from employees and other stakeholders.
• Flagging off exceptions observed in the payroll inputs and ensuring the same is considered in line with firm policies and guidelines.
• Preparing periodic reporting for leadership and other stakeholders.
• Ensuring strict compliance with PII guidelines.

Requirements:

• Graduate/postgraduate in Accounting
• Experience in India and US payroll accounting
• The position requires strong analytical skills, ability to multi-task, strong attention to details and accuracy, and proficiency in the use of systems, including Microsoft suite of applications, SAP.
• Knowledge of basic auditing and internal control standards.
• Experience in SAP S/4 HANA (will be an added advantage)
• Effective Communication skills
• 2 - 4 years of relevant experience
• Advanced excel skills
• Experience in India payroll processing, data maintenance, accounting & regulatory compliances
• Knowledge of Indian tax and statutory compliances
• Proven ability to prioritize and work within strict timelines.
• In-depth experience with payroll processing activities, analysis, and management reporting
• Good understanding of business terminology, business operations, financial policies, and internal controls
• Integrity high ethical standards and commitment to data privacy
• Ability to identify complex issues related to nonstandard transactions and processes, and develop solutions to address relevant situations
• Ability to work in a flexible, high pressure and client-driven work environment
• Good word processing and spreadsheet skills required
• Effective problem-solving and interpersonal skills
• Ability to organize work, document, and report concisely
• A typing speed of 45-50 words per minute with data entry capabilities at 7000 ksph with 5% or less errors
• Good verbal, written communication, and documentation skills
• Should be a great team player, brainstorm common issues within the team, and able to suggest resolution plan