Finance Associate - Payroll Job in Mumbai at Nivoda

Nivoda is hiring for the role of Finance Associate - Payroll!

Responsibilities of the Candidate:

• Payroll Processing: Managing the payroll process, which involves calculating and disbursing salaries or wages to employees accurately and on time.
• Payroll Cost Booking: Preparing Payroll Cost Booking Journal and Posting on Netsuite
• Data Entry: Maintaining and updating employee information, tax details, and other payroll-related data in the payroll system.
• Tax Compliance: Ensuring compliance with local, state, and federal tax regulations, including withholding taxes, reporting, and remittance.
• Record Keeping: Maintaining accurate payroll records and documentation for auditing and reporting purposes.
• Payroll Reporting: Preparing and generating payroll reports for management, HR, and accounting departments.
• Legal Compliance: Staying up to date with labour laws and regulations to ensure payroll practices are in compliance.
• Problem Resolution: Addressing payroll-related inquiries and issues from employees, resolving discrepancies, and assisting with payroll-related problem-solving.
• Year-End Activities: Preparing and distributing Form 16 or equivalent forms, and handling year-end tax reporting requirements.
• Software Utilization: Proficiency in payroll software and tools to streamline processes and enhance efficiency.
• Communication: Collaborating with HR, Admin, and other departments to ensure smooth coordination regarding payroll matters.
• Auditing and Reconciliation: Regularly auditing payroll data for accuracy and reconciling any discrepancies.
• Continuous Improvement: Identifying and implementing process improvements to enhance the efficiency and accuracy of the payroll function.
• Confidentiality: Maintaining strict confidentiality of payroll information and employee data.

Requirements: 

• 1-2 years of experience in payroll operations and accounting
• Bachelor's or Master's degree in Commerce or a related field
• Strong quantitative skills with keen attention to detail
• Proficient in English
• Compliance-oriented mindset
• Excellent communication and interpersonal abilities
• Familiarity with Excel or Google Sheets
• Analytical and adept at problem-solving
• Basic understanding of accounting principles
• Ability to work well within a team