Job Description
The Payroll Coordinator will provide full functional payroll support for the allocated India payrolls, although primarily home country; ensuring they are processed accurately and on-time. They will ensure processing, payments and reporting deadlines are being met in a timely and accurate manner. They will have a good understanding of the statutory rules and regulations within their assigned India and they will ensure these are being adhered to in order to achieve compliance with local legislation. Within their role, they will also provide support to the Senior Payroll Specialist or Team Leader to promote and implement process excellence and initiatives where possible.
Roles & responsibilities:
1) Partners with External Payroll Bureaus, as well as with a number of key stakeholders, ranging from HR Partners, Recruitment teams and Global People Services to Line Managers, Benefits, Rewards, Country Leads and Finance teams, to ensure the effective delivery of the monthly payroll processing as well as delivering timely and accurate Year End reporting and submissions for their assigned India payroll. (10%)
2) Responsible for the collection, formatting and sending of payroll related data to the payroll bureaus for payroll processing, whilst adhering to the payroll calendar deadlines. (20%)
3) Responsible for validating the payroll output for assigned countries and performing peer validation of final payrolls for other payrolls within the team. (25%) 4) Providing monthly Cash Funding Forecast so that the Treasury department can fund the relevant bank accounts for all payroll related payments. Manages all net salary payment processes using Labcorp approved platforms; partners with the Accounting team for approval and payment release. Ensures distribution of payslips. (5%)
5) Support query management through liaising with the business, the Payroll Vendors, HR and other Labcorp departments to ensure timely resolution of queries on behalf of Labcorp Employees. Acts as a focal point for escalation of payroll related queries from the HR People Services (mAPS) team. (10%)
6) Prepare monthly Payroll Journal and Gross to Net report for the Finance department. Support Labcorp Finance queries. (5%)
7) Writes and keeps up to date the payroll standard operating procedures documents to ensure clear guidelines are in place on how to run country specific payrolls, with a level of understanding of local legislation. (5%)
8) Complete metrics on performance to review on a monthly basis. (5%)
+) Provides support to the Team Leader or Senior Payroll Specialist in developing regular or ad hoc communications to Labcorp business, to ensure employee awareness around transitions or other changes related to payroll. (5%)
10) Work closely with the Payroll Provider(s), Country Leads and local HR Generalists to ensure local compliance practices are being followed and all payroll/employment tax, government and local filings are being submitted in a timely manner. (5%)
11) Assist with Audits both internal and External and SOX controls. (5%)
Qualification: Any Graduate / Post Graduate.
Experience: 4+ years in India payroll processing and statutory compliances.
Labcorp is proud to be an Equal Opportunity Employer:
As an EOE/AA employer, Labcorp strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, ****** orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. We encourage all to apply.
For more information about how we collect and store your personal data, please see our Privacy Statement.
Roles & responsibilities:
1) Partners with External Payroll Bureaus, as well as with a number of key stakeholders, ranging from HR Partners, Recruitment teams and Global People Services to Line Managers, Benefits, Rewards, Country Leads and Finance teams, to ensure the effective delivery of the monthly payroll processing as well as delivering timely and accurate Year End reporting and submissions for their assigned India payroll. (10%)
2) Responsible for the collection, formatting and sending of payroll related data to the payroll bureaus for payroll processing, whilst adhering to the payroll calendar deadlines. (20%)
3) Responsible for validating the payroll output for assigned countries and performing peer validation of final payrolls for other payrolls within the team. (25%) 4) Providing monthly Cash Funding Forecast so that the Treasury department can fund the relevant bank accounts for all payroll related payments. Manages all net salary payment processes using Labcorp approved platforms; partners with the Accounting team for approval and payment release. Ensures distribution of payslips. (5%)
5) Support query management through liaising with the business, the Payroll Vendors, HR and other Labcorp departments to ensure timely resolution of queries on behalf of Labcorp Employees. Acts as a focal point for escalation of payroll related queries from the HR People Services (mAPS) team. (10%)
6) Prepare monthly Payroll Journal and Gross to Net report for the Finance department. Support Labcorp Finance queries. (5%)
7) Writes and keeps up to date the payroll standard operating procedures documents to ensure clear guidelines are in place on how to run country specific payrolls, with a level of understanding of local legislation. (5%)
8) Complete metrics on performance to review on a monthly basis. (5%)
+) Provides support to the Team Leader or Senior Payroll Specialist in developing regular or ad hoc communications to Labcorp business, to ensure employee awareness around transitions or other changes related to payroll. (5%)
10) Work closely with the Payroll Provider(s), Country Leads and local HR Generalists to ensure local compliance practices are being followed and all payroll/employment tax, government and local filings are being submitted in a timely manner. (5%)
11) Assist with Audits both internal and External and SOX controls. (5%)
Qualification: Any Graduate / Post Graduate.
Experience: 4+ years in India payroll processing and statutory compliances.
Labcorp is proud to be an Equal Opportunity Employer:
As an EOE/AA employer, Labcorp strives for diversity and inclusion in the workforce and does not tolerate harassment or discrimination of any kind. We make employment decisions based on the needs of our business and the qualifications of the individual and do not discriminate based upon race, religion, color, national origin, gender (including pregnancy or other medical conditions/needs), family or parental status, marital, civil union or domestic partnership status, ****** orientation, gender identity, gender expression, personal appearance, age, veteran status, disability, genetic information, or any other legally protected characteristic. We encourage all to apply.
For more information about how we collect and store your personal data, please see our Privacy Statement.
💡 Quick Summary
Seeking a career-building opportunity? The Payroll Coordinator position is now open for candidates interested in the Bank Jobs sector. This role in Bengaluru offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
