Coordinator, Payroll
Description & Requirements
Company Profile
Bain & Company is the management consulting firm that the world’s business leaders come to when they want results. Bain advises clients on strategy, operations, information technology, organization, private equity, digital transformation and strategy, and mergers and acquisition, developing practical insights that clients act on and transferring skills that make change stick. The firm aligns its incentives with clients by linking its fees to their results. Bain clients have outperformed the stock market 4 to 1. Founded in 1973, Bain has offices in various countries, and its deep expertise and client roster cross every industry and economic sector.
The firm established several functions in the Indian market early 2000s and its remit across functions has expanded over time. Since 2019, these functions have become part of Global Business Services (GBS). Global Business Services (GBS) is a network of five interconnected business-function hubs across India, Poland, Malaysia, Mexico and Portugal, serving Bain globally to run our business, support other functions, and help drive innovation internally. We are over 1000 business professionals – serving functions in operations, HR, finance, legal, tech, marketing, research, and data analytics – who support our offices globally. Our mantra of “shared innovation, seamless execution,” underpinned by a passion for results, teamwork, and creativity, helps Bain stay at the top of our game operationally.
What Makes Us a Best Place to Work
We are proud to be consistently recognized as one of the world’s best places to work. We are currently the top ranked consulting firm on Glassdoor’s Best Places to Work list and have earned the #1 overall spot a record seven times.
Extraordinary teams are at the heart of our business strategy, but these don’t happen by chance. They require intentional focus on bringing together a broad set of backgrounds, cultures, experiences, perspectives, and skills in a supportive and inclusive work environment. We hire people with exceptional talent and create an environment in which every individual can thrive professionally and personally.
Job Summary
PAYROLL:
- Should have enough understanding & logical thinking behind every concept of payroll terms, its application in payroll system & implication on different destination.
- Expatriate taxation, working with gross ups & dealing with monthly & yearly international reporting.
- End to End Payroll processing until finalization of payroll independently.
- Execute multiple micro processes post finalization of salary until the delivery of payroll.
- Should have well versed with reporting of different reports to different stakeholders in the company.
- Should be pro-active and able to think multiple solution scenarios of a problem simultaneously.
- Should be confident enough to face the customers, the problems and get solutions in a quick way.
- Should aware end to end Form-16 PartA & B reconciliation before issuing to employees.
- Should maintain TDS & other payroll related trackers on perquisites paid by the employer & compliances.
- Should have good knowledge of excel to prepare end to end bonus calculation for all consulting & local business function employees.
- Professional customer service attitude.
- Capability of dealing with banks & external various vendors.
COMPLIANCES:
- Should have Knowledge & good understanding on statutory & Labour compliances.
- Should be well versed with preparing data for filing up of TDS returns, PF returns, Professional tax returns, Labour welfare funds & its implication upon filing to respective domains.
- Dealing with different compliance vendors to get all the compliances in place every month.
- Arrangement of various helpdesk in office premises.
ACCOUNTING /AUDITS:
- Should know monthly payroll journal entries booking & other works related to accounting leading to month end close. This will be an added advantage.
- Should have capabilities to clear all payroll related reconciliations.
- Should work with internal auditors, statutory auditors & tax auditors to help in audits.
Knowledge, Skills, and Abilities:
- Graduate with 6 + years of experience in payroll, accounting & compliances department.
- Ability of multi-tasking under pressure whilst maintain calm, professional & customer focused attitude.
- High level of integrity, accountability & responsibility.
- Deal with huge numbers & maintain confidentiality.
- Strong people-oriented and good interpersonal skills
- Sharp problem solver & analytical mind bend.
- Strong written and verbal communication skills
- High energy, with a positive work attitude
- Pro-active approach towards work and learning.
- Flexible approach to working hours.
- Professional customer service attitude.
- Focused & detail oriented.