Covance

Payroll Specialist (12 months direct contract role)

Job Location(s) IN-Bangalore
Job Number
2021-73301
Job Category
Human Resources
Position Type
Full-Time
Telecommute
No

Job Overview

The Payroll Specialist will provide full functional payroll support for the allocated  payrolls, ensuring they are processed accurately and on-time. They will ensure statutory compliance requirements within their assigned countries are being adhered to and will provide updates of legislative changes. They will ensure processing, payments and reporting deadlines are being met in a timely and accurate manner. They will also provide support to the Payroll Team Lead and the  Payroll Manager to promote and implement process excellence and process standardization.
 
- Partners with the Payroll Bureaus, as well as all key internal stakeholders in HR, Rewards, Benefits, GPS, GPO, Finance, and local Business Units to ensure the effective delivery of the monthly payroll processing, as well as the timely and accurate Year End reporting submission, for the assigned countries.(10%)
- Responsible for communicating payroll related data to the local payroll bureaus for payroll processing, adhering to the payroll calendar deadlines. (15%)
- Responsible for validating the payroll output for the assigned EMEA countries, as well as for performing peer validation of the final payroll output for other EMEA countries, before management payments authorization. (25%)
- Provides monthly Cash Funding Forecast for the assigned EMEA countries so that Treasury department can transfer enough funds in the relevant bank account for all payroll and taxes related payments. Manages all net salary payment processes using Labcorp Drug Development approved platforms; partners with the Accounting team for approval and payment release. (5%)

- Prepares and checks monthly Payroll Journals, Net to Net Variance and Gross to Net reports for the assigned EMEA countries and provides those to Finance department. Works with the local Payroll Bureaus to ensure that these are supplied on a timely manner before month end reporting submission. Supports all queries Labcorp Drug Development Finance might have on these reports or other payroll related transactions. (10%)
- Performs query management through liaising with the Business, the Payroll Vendors, HR and other Labcorp Drug Development departments as appropriate ensuring timely resolution of queries; Acts as a focal point for escalation of complex payroll related queries from the HR People Services (mAPS) team. (10%)

- Supports and participates in new initiatives/projects as initiated by the business or local country legislation changes, such as such as new country implementation, payroll vendor transitions, Bank file format compliance, new benefits implementation, local tax and social security changes, local country mandatory salary increase, Labcorp Drug Development systems upgrades, Disaster Recovery Documentations. (10%).

- Writes and keeps up to date payroll operating procedures documents to ensure clear guidelines are in place on how to run country specific payroll, good level of understanding multiple countries local legislation, as well as assisting in managing employees’ queries effectively. (5%)
- Completes monthly payroll metrics on performance; provides other payroll information reports as requested by the business (5%)
- Ensures regular communications are sent to Labcorp Drug Development business to ensure employee awareness around transitions or other changes related to payroll. Develops, maintains and facilitates effective relationships with all Stakeholders, Labcorp Drug Development business and Labcorp Drug Development specialist functions to ensure the company is returning best value from its supplier relationships. (5% )

Education/Qualifications

Any Graduate in Any Specialization

Experience

4 to 7 years of payroll processing experience for any country 
Looking for candidates who can start immediately or within less than a month

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