Senior Payroll specialist

About this role:

Wells Fargo is seeking a Senior Payroll Specialist

In this role, you will:

• Consult on activities requiring specialized expertise related to maintaining complete and accurate records of payroll information
• Contribute in providing work direction, coaching, and managing daily schedules
• Consult in payroll inquires, records, deductions, and procedures
• Improve and update operations by maintaining accurate records of payroll information
• Guide resolution of payroll regulatory risks by applying understanding of current and new industry practices
• Monitor evolving industry changes and communicating implications to team
• Review complex data with legal compliance and the impact it will have on resources
• Collaborate and consult with peers, colleagues and managers to resolve issues and achieve goals
• Improve customer satisfaction

Required Qualifications:

• 4+ years of experience in one or a combination of the following: HR Operations, Accounting, Payroll, or Payroll Tax, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education

Desired Qualifications:

• 4+ years of experience in one or a combination of the following: HR Operations, Accounting, Payroll, Payroll Tax, Compliance, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
• University degree in Business or related discipline.
• Experience in India End-to-End Payroll Operations, final settlement preparation & Payroll Statutory compliance (Income tax, PF, PT, ESIC, LWF, NPS, Gratuity, Stat bonus, etc.)
• Preparing Monthly Payroll inputs and validate the same via maker checker process, 100% of Payroll output validation from Gorss to net for active employees and final settlement (including statutory deductions).
• Preparing payroll related MIS reports like CTC variance, head count, pay revision and quality reports.
• Experience in Onboarding process for new joiners including statutory enrolments, new hire form filling, Validation, etc.
• Good knowledge of Statutory outputs reports validation & returns filing (Income Tax, PF, PT, ESIC, LWF, NPS, Gratuity, Stat Bonus., etc.).
• Good knowledge of India tax and labour laws.
• Good Knowledge of 24Q filing and Form 16 preparation.
• Basic GL accounting knowledge is required.
• Good Knowledge of SAP/Global View Payroll Administration & and reconciliation of FBP reimbursements.
• Good Knowledge of RSR, RSU, ESPP and ESOP process.
• Experience in Internal/External Payroll/Full and Final Settlement/Statutory Audits.
• Excellent verbal, written, and interpersonal communication skills.
• Strong analytical skills with high attention to detail and accuracy.
• Medium to Advance MS Office skills, data entry skills.
• Experience in working with prominent industry ERP tools eg. Workday, PeopleSoft, ServiceNow SAP, and ADP Global View.
• Must be able to adapt to change well.

Job Expectations:

• Manage the accurate processing of active payroll and final settlement inclusive of coordinating operational activities amongst the team, coalition of active employee payroll and settlement input, paying the Role of maker checker, handling employee and stakeholder escalations, participating in User Acceptance System Testing, training, and documenting standard operating procedures and control documents.
• Supervise entry to mid-level roles in transactional or tactical high complexity tasks to ensure timely completion, quality and compliance of payroll information and data.
• Help define enterprise-wide standards for practices of financial controls related to payroll activities and compliance; assist team in career development and assigning stretch goals.
• Working with finance for Salary payable and Salary receivable GL reconciliation.
• Negative settlement writes off process for dues do not record.
• Preparing monthly MIS relating to Gratuity paid and delay cases, Outstanding payments, negative settlement cases, Hold payments, death case settlements and their respective compliance.
• Validation of payroll input and output including various payroll related compliance.
• Preparing various enterprise wise dashboard etc. for employment management and turnaround time for timely and critical payments.
• Supervise and guide others to perform high complexity payroll analysis; guide others on the technical aspects on Workday payroll processing’s and ensure that configuration implementations are tested and approved.
• Translate Wage & Hour regulations and apply knowledge to payroll processing as well as payroll system configurations.
• Advise manager, gives direction to team members and escalate non-routine questions; problem solves high complexity and multiple steps processes with ease.
• Make decisions and resolve nonstandard escalations minimizing legal compliance consequences and impact on operations.
• Mitigate payroll regulatory risks by monitoring upcoming industry changes and implementing new payroll approaches and practices.
• Collaborate with and consult with peers, colleagues and mid-level managers; interact directly with internal and external customers, vendors, product teams and respond to the raised concerns as well as determine appropriate course of action.
• Be responsible for large size payroll volume operations.
• Should have a fair understanding for banking controls, compliance environment, and risk management along with internal and external audit handling experience preferably with big 4 organizations.
• Manage allocation of people and financial resources for Payroll

Posting End Date: 

*Job posting may come down early due to volume of applicants.

We Value Equal Opportunity

Wells Fargo is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.

Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements.

Candidates applying to job openings posted in Canada: Applications for employment are encouraged from all qualified candidates, including women, persons with disabilities, aboriginal peoples and visible minorities. Accommodation for applicants with disabilities is available upon request in connection with the recruitment process.

Applicants with Disabilities

To request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo.

Drug and Alcohol Policy

Wells Fargo maintains a drug free workplace.  Please see our Drug and Alcohol Policy to learn more.

Wells Fargo Recruitment and Hiring Requirements:

a. Third-Party recordings are prohibited unless authorized by Wells Fargo.

b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.