Senior Payroll Executive

Job Description:
The Team:
India finance team is an exciting and challenging place that manages and / or executes the stewardship, control, reporting, tax compliance and decision support functions for the India region. The team touches almost every operational area of the organization with almost every activity translating into financial actions, implications or decision support.
A gist of various activities performed by the team:
Accounting and validations: Employee compensation - payroll review, cost accruals and costs accounting, Expense accounting, Employee reimbursements, Intercompany cross charge, Monthly and periodic reporting Compliances: Income Tax, including corporate tax, transfer pricing, withholding taxes, and Compliance support to other functions such as secretarial and T&C (other payroll taxes) End to end Payroll processing including employee related statutory compliances (PF/ PT/ ESIC/LWF/S&E etc) Decision support on various organizational options, providing commercial-legal support. Ensuring financial controls and a risk management framework. Dissemination of financial and management information, Budgeting/forecasting,g Banking operations
Responsibilities:
We are looking to hire an energetic and driven individual with prior experience of handling end-to-end payroll for an organization of around 3000 employees. The goal is to provide a seamless experience to employees from a payroll perspective to ensure timely credit of salaries every month
The role will be responsible for a combination of the following activities as assigned from time to time
1. Payroll
Assist in payroll processing for Morningstar India Operations by
Assisting in preparation and validations of payroll inputs from the HRIS system and the ServiceNow ticketing system.
Working with our payroll vendor to make sure that salary processing is done as per set timelines.
Resolving employee queries on ServiceNow - our online HR ticketing system - by working closely with other teams.
Responsible for conducting the first level of validation of payroll output files to ensure accurate processing of payroll transactions, including salaries, benefits, taxes, and other deductions, including timely full & final settlement of exits.
Conduct Monthly Payroll Office Hours to address additional payroll queries, if any.
Helping with payroll-related weekly employee induction and ensuring all the employee-related documents pertaining to payroll have been duly updated/ uploaded to the Payroll Vendor systems as needed.
Assisting in coordination for year-end payroll processing, along with helping in communications with employees on Investment Proofs.
Assist in timely full & final settlement of ex-employees, as per set TAT.
Assist in payroll accounting and responsible for uploading all necessary payroll entries in Oracle , maintaining the necessary supporting document trail, preparing GL reconciliation, commenting on variance file, and Blackline reporting.
Provide Annual Actuarial Valuation data to the Actuary and Gratuity, Leave, and Sabbatical provisioning.
Well-versed with the filing of Quarterly and Annual TDS returns and issuance of Form 16
Working with our Food coupon vendor partner for timely food voucher uploads on the Vendor portal and handling employee queries.
Working with our NPS vendor partner for the timely upload of NPS contribution on a monthly basis and handling employee queries.
Develop, implement payroll processes to ensure adherence to internal controls, efficiency, and a great employee experience.
Drive cross-functional coordination and communications to help achieve seamless payroll processing.
Vendor management and timely vendor invoice payment.
2. Compliances:
Assist in sending data to labour law consultants for timely payments towards statutory taxes like PF/PT/ESIC/LWF/ Income Tax, and any other statutory payments
Ensuring that Monthly registers as required for PF, PT, ESIC & LWF are duly maintained under applicable Labour laws.
Coordinating with labour law consultants to ensure the necessary filing of various Labour law forms
Assisting in any inspection related to PF, PT, ESIC & LWF
Assisting is providing the necessary information as requested by internal and external auditors
Responsible for liaising with Government authorities - PF, PT,ESIC, Labour office, etc
Requisites:
A Bachelor's degree in Human Resources/ Finance with relevant experience in payroll of 4-5 years. Logical, analytical, and process-oriented. Good communication skills. Should be well-versed in advanced Excel, Power BI, and PowerPoint. Organised, result-oriented. Should be a good team player with the ability to collaborate across teams.
Morningstar is an equal opportunity employer
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
I10_MstarIndiaPvtLtd Morningstar India Private Ltd. (Delhi) Legal Entity