Line of Service

Internal Firm Services

Industry/Sector

Not Applicable

Specialism

Operations

Management Level

Senior Associate

Job Description & Summary

At PwC, our people in finance focus on providing financial advice and strategic guidance to clients, helping them optimise their financial performance and make informed business decisions. These individuals handle financial analysis, budgeting, forecasting, and risk management.

Those in payroll at PwC will assist in the accurate and timely processing of payroll for employees. Working in this area, you will handle payroll administration, including calculating wages, deductions, and taxes, as well as confirming compliance with relevant laws and regulations. Your responsibilities include collaborating with HR teams to maintain employee records, address payroll-related inquiries, and assist in payroll accuracy. You will play a crucial role in making sure employees are paid correctly and on time, contributing to the overall financial well-being of the organisation and supporting employee satisfaction.

*Why PWC

At PwC, you will be part of a vibrant community of solvers that leads with trust and creates distinctive outcomes for our clients and communities. This purpose-led and values-driven work, powered by technology in an environment that drives innovation, will enable you to make a tangible impact in the real world. We reward your contributions, support your wellbeing, and offer inclusive benefits, flexibility programmes and mentorship that will help you thrive in work and life. Together, we grow, learn, care, collaborate, and create a future of infinite experiences for each other. Learn more about us.

At PwC, we believe in providing equal employment opportunities, without any discrimination on the grounds of gender, ethnic background, age, disability, marital status, sexual orientation, pregnancy, gender identity or expression, religion or other beliefs, perceived differences and status protected by law. We strive to create an environment where each one of our people can bring their true selves and contribute to their personal growth and the firm’s growth. To enable this, we have zero tolerance for any discrimination and harassment based on the above considerations. "

Job Description & Summary: A career in Finance, within Internal Firm Services, will provide you with the opportunity to help PwC in all aspects of our Finance internal function including financial planning and reporting, data analysis, and assisting leadership with overall strategy. You’ll focus on recording and analysing financial transactions, paying and receiving invoices, maintaining financial statement ledger accounts, and preparing analysis and reconciliations of bills to detect fraud. 

As a part of our Payroll team, you’ll help PwC manage and administer timely, accurate, and efficient processing of our payroll operations. You’ll help manage the Payroll account ledgers, prepare tax reports and documents, and perform routine internal audits to make sure our system is always compliant with federal, state, and local laws.

Responsibilities:

Payroll operations:

Execute detailed validations and checks on draft/final paysheets and F&Fs (Full & Final Settlements) for India & Nepal meticulously adhering to the payroll completeness aspect (Headcount, input vs output, variance analysis, etc.), ensuring that all entries meet the high standards of accuracy, specific regulatory and statutory requirements.Validating draft RFB (Reimbursable Fixed Book and NPS (National Pension System) paysheetsFinalize the payroll business day calendar, considering weekends, holidays, and the specific operational needs of the business.Checking & validating the Advance payments in mid-month to release Salary Hold cases.Maintaining monthly Full & Final dashboard and other payroll related dashboards using Power BI.Utilizing sophisticated payroll input module to streamline and automate payroll processes, improving efficiency and accuracy.Collaborating effectively with third-party payroll processing vendor to communicate findings and ensure swift resolution of discrepancies.Maintaining end-to-end records of Payroll changes, for eg: records for new hires, terminations, Entity Transfer, change from FTC to FTE, Intern / Trainee to Employee, etcConfirming the accuracy of payroll provisions and reports, working collaboratively with Finance and other teams across borders to align financial reporting and compliance seamlessly.Preparing & managing salary MIS, preparing financial snapshots, executing detailed checks on paysheets, and adapting to handle ad hoc MIS requests.Liaising with the treasury team for fund requests and coordinating with approvers for executing Salary, F&F and other related payments from the bank portal.Accurately process accounting (AP Subledger / General Ledger) in the internal accounting software, ensuring accuracy, correct allocation of cost center/project, and adheres to the relevant accounting principles. This includes conducting thorough reviews to prevent and correct errors, applying adjustments as needed, and maintaining a detailed log of all transactions for audit trails.Preparing detailed monthly schedules to be submitted to the statutory reporting team, a crucial task that requires collating, reviewing, and reconciling data from various sources. The schedules must highlight key financial figures, provide insights into variances, and include a comprehensive analysis of accruals, prepayments, and adjustments.Creating bonus provisions and tracking the bonus payouts (including statutory bonus) throughout the year so that no excess payments are made. Additionally, sharing these details with the Tax team/Auditors as and when asked for.

Process Improvements and Best Practices:

Continuously suggest and implement improvements. Incorporate best practices and leverage technological advancements to optimize efficiency and reliability.Stay attuned to industry trends and emerging technologies, adapting our processes to remain at the forefront of payroll excellence.Lead or actively participate in projects aimed at enhancing payroll system integrations, process automation, and operational efficiency. Scalability for multi-country operations is a key consideration.Collaborate with cross-functional teams to ensure seamless process implementation.Collaborate with legal and compliance teams to interpret and implement changes effectively.

Audit Support, Cross-functional synergy and Transparency:

Be the single point of contact for the Auditors during internal (RCSA, KQI, etc) and external audits (Statutory Audits). Present payroll records and validations with utmost transparency, upholding compliance with statutory standards.Maintain meticulous documentation (SOPs, policies etc) and ensure that all processes are audit ready.Play an active role in projects dedicated to the refinement of system integrations and the automation of processes, ensuring scalable solutions that accommodate multi-country operations.Collaborate with Precision plus team to enhance data flow and integration between payroll information and other financial tools maintaining confidentiality.

Mandatory skill sets:

Indian Payroll, payroll compliance, Payroll

Preferred skill sets:

Payroll, Payroll Services

Years of experience required:

5-10 years

Education qualification:

BBA, B.Com, MBA, M.Com, PGDM

Education (if blank, degree and/or field of study not specified)

Degrees/Field of Study required: Bachelor of Commerce, Master of Business Administration, Bachelor in Business Administration

Degrees/Field of Study preferred:

Certifications (if blank, certifications not specified)

Required Skills

Payroll Services

Optional Skills

Finance

Desired Languages (If blank, desired languages not specified)

Travel Requirements

Available for Work Visa Sponsorship?

Government Clearance Required?

Job Posting End Date