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Senior Finance Process Lead - US Payroll

McKinsey & Company

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Accounting & Finance

Gurugram, Haryana, India

Posted on Nov 29, 2024

Finance

Senior Finance Process Lead - US Payroll

Job ID: 93695

Gurugram

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Do you want to do work that matters, alongside supportive leaders who will help you grow faster than you ever thought possible? Are you a creative problem-solver who is energized by challenges? You’ve come to the right place.

Who You'll Work With

You will be based in our Gurugram office as part of our Global payroll team which works in coordination with office accounting, firm colleagues and applications support team.

Your impact within our firm

You will liaise with a local office for payroll inputs that include new joiner, terminations, leave of absence LOA, and salary revisions; and you will update the payroll software with the relevant changes for the payroll cycle.

In this role, you will ensure all employee benefits (if any) are taken care of and incorporate any changes with regards to banking information, mailing address, tax details, etc. You will review all applicable statutory deductions, including retirement plans, social security taxes, etc. You will also review the offshore instructions. You will also be supporting payroll transformation - SAP payroll platform implementation for an in-house payroll for US and Canada including working & guiding through configuration, testing, and roll-out.

You will generate relevant reports (pay register, variance report, etc.) prior to payroll release and review internally. You will also coordinate payroll release with the local offices. You will back up payroll after bank file has been released and respond promptly to payroll e-mail queries. You will file statutory reports and remittance of dues with regards to income tax; FICA FUTA, local and federal taxes, and any other applicable statutory liabilities. You will enter compensation details and conduct accounting of payroll cost. Importantly, you will ensure confidentiality with regard to all compensation details.

You will be required to handle complex activities in the areas of payroll. You will be required to manage the transition tracker, work with the team and office in identifying the areas of transition and implementation. You will be working with the Senior Leadership Team on multiple ad hoc projects. You will review the open item trackers generated from the balance sheet reconciliations. You will work with the team on aged open items, find the root cause and arrest the inflow of open items into the reconciliation.

You will be partnering with functional leadership to identify issues, gather necessary information, use the right information for solving problems, and come up with practical solutions. You will identify the training needs and organize appropriate training for the members. You will ensure policy changes, business process documentations, and Standard Operating Procedures (SOPs) are updated regularly. You will work with other leads in the team in identifying the non-value-added activities in the process and help in creating efficiency.

Your qualifications and skills

Bachelor's degree in accounting, finance or related fields preferred
8+ years of work experience in a global payroll environment, including substantial experience with US payroll
SAP payroll experience is required and Lawson US payroll experience is a plus
Experience in global payroll function including balance sheet reconciliations and other accounting activities
Exposure to other areas like accounting, payables, payments; expense reimbursements will be an added advantage
Exposure to managing global clients
Strong knowledge on payroll processing, accounting concepts and Microsoft office
Ability to work independently and effectively in a fast-paced environment with tight deadlines
Ability to prioritize and deliver
Strong interpersonal and communication skills
Highly organized and detail oriented
Ability to deal with concepts and ambiguity
Ability to use logic and methods to solve difficult problems with effective solution
Payroll transformation experience is required including testing, ensuring data accuracy and integrity

Please review the additional requirements regarding essential job functions of McKinsey colleagues.

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FOR U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity/Affirmative Action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, race, color, religion, national origin, disability, protected Veteran status, age, or any other characteristic protected by applicable law.

FOR NON-U.S. APPLICANTS: McKinsey & Company is an Equal Opportunity employer. For additional details regarding our global EEO policy and diversity initiatives, please visit our McKinsey Careers and Diversity & Inclusion sites.

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Job Skill Group - N/A
Job Skill Code - GSPL - Senior Finance Process Lead
Function -
Industry -
Post to LinkedIn - Yes
Posted to LinkedIn Date - Tue Dec 03 00:00:00 GMT 2024
LinkedIn Posting City - Gurugram
LinkedIn Posting State/Province -
LinkedIn Posting Country - India
LinkedIn Job Title - Senior Finance Process Lead - US Payroll
LinkedIn Function - Accounting / Auditing;Consulting
LinkedIn Industry - Computer Software;Management Consulting
LinkedIn Seniority Level - Not Applicable

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