Payroll Processor, NCT

Deutsche Bank; Bengaluru; On-site; INR 1,200,000 - 1,800,000; Full time

Benefits offered by this job

Leave policy

Parental leaves

Childcare reimbursement

Certifications sponsorship

Employee assistance

Hospitalization Insurance

Life Insurance

Health screening

Job summary

Deutsche Bank in Bangalore, India seeks a Payroll Processor to oversee payroll ledgers, statutory compliance and cost booking. The role partners with HR, Finance and external auditors to ensure timely payroll processes and regulatory filings across group entities.

You'll bring an accounting degree with 6-10 years in payroll accounting, plus hands-on SAP/Workday experience. BFSI exposure is preferred, with strong communication skills and teamwork in a global setting.

Qualifications

• 6-10 years of post-qualification experience in core Payroll accounting and related regulatory compliances.
• Hands-on experience in ERP systems such as SAP and Workday.
• BFSI experience preferred.
• Strong written and oral communication skills.

Responsibilities

• Validation and reconciliation of Payroll General Ledgers monthly/quarterly/annually.
• Ensuring timely salary cost booking in SAP.
• Handling statutory dues payments and tax filings into group entities.
• Reconciling bank accounts for salary rejections and addressing auditors.
• Coordinating audits across HR, Payroll and Benefits domains.
• Managing data, reconciliations and disclosures for RBI, Companies Act, SEBI, Income Tax, Transfer Pricing, etc.
• Ensuring actuarial valuation for retirals across entities and funding liabilities.

Skills

6-10 years post-qualification payroll

ERP experience (SAP)

ERP experience (Workday)

BFSI experience preferred

Written and oral communication skills

Education

Accounting degree

Tools

SAP

Workday

Job description

Role Description

Performance & Reward is responsible for the design and implementation of performance, remuneration and incentive programmes.

Position Overview

Job Title: Payroll Processor, NCT

Location: Bangalore, India

Role Description: Performance & Reward is responsible for the design and implementation of performance, remuneration and incentive programmes.

Work includes

• Researching and analysing key perspectives (current performance systems and compensation & benefits offerings, external labour market, cost and workforce requirements)
• Overseeing the global design and/or governance and/or performance of core performance, reward and/or benefits policies, products and processes Incorporating traditional performance frameworks, compensation and benefits elements and work/life benefits
• Exploring innovative opportunities (e.g. for segmentation) to enable certain performance driving areas of the business to offer fundamentally different packages and processes
• Ongoing management, communication, and monitoring of performance management and plan results
• Partnering with relevant stakeholders, for example suppliers, clients and regulators in global design/performance teams, and business stakeholders in regional delivery teams.

What We'll Offer You

As part of our flexible scheme, here are just some of the benefits that you'll enjoy,

• Best in class leave policy.
• Gender neutral parental leaves
• 100% reimbursement under childcare assistance benefit (gender neutral)
• Sponsorship for Industry relevant certifications and education
• Employee Assistance Program for you and your family members
• Comprehensive Hospitalization Insurance for you and your dependents
• Accident and Term life Insurance
• Complementary Health screening for 35 yrs. and above

Your Key Responsibilities

• Validation and reconciliation of all Payroll General Ledgers monthly / quarterly / annually.
• Ensuring adherence to timely salary cost booking in SAP.
• Ensuring timely payment and cost booking of various Payroll related statutory dues (Provident Fund, Profession Tax, Income Tax, Employee State Insurance, National Pension Scheme, Share Purchase plans etc.) into various group entities.
• Reviewing and monitoring unreconciled items in various bank accounts (for salary rejections) on monthly basis and accordingly responding to auditors and other stakeholders.
• Completing all Bank account reconciliations within the defined deadlines
• Front-ending HR, Payroll and Benefits related areas of various audits (Statutory, Tax, Group and Transfer Pricing).
• Ensuring timely Payroll related Withholding Tax Return filings for all the group entities.
• Managing the accounting, invoicing, compliance and reporting aspects of Seconded and Transferred employees (including GST impacts).
• Front ending with external statutory bodies (Tax Assessment, Scrutiny, appeals etc.) related to HR matters as and when required.
• Managing various data, reconciliation and disclosures as mandated by, but not limited to RBI, Company's Act, SEBI, Income Tax, Transfer Pricing etc. for HR related matters.
• Ensuring timely actuarial valuation (Local and IFRS) for retirals across group entities and ensuring that the liabilities are suitably funded and accounted.

Your Skills And Experience

• Suitable accounting degree required with 6-10 years of post-qualification experience in core Payroll accounting and related regulatory compliances.
• Hands-on experience in ERPs such as SAP, Workday etc.
• BFSI experience preferred.
• Good written and oral communication skills

Key Relationships/ Interactions

• Global and India HR Teams
• Global and India Finance Teams
• Global and India Legal Teams
• Global and India Group Tax Teams
• Payroll Vendor
• Other HR Vendors
• Internal Auditors
• Group Auditors
• Statutory Auditors

How We'll Support You

• Training and development to help you excel in your career.
• Coaching and support from experts in your team.
• A culture of continuous learning to aid progression.
• A range of flexible benefits that you can tailor to suit your needs.

About Us And Our Teams

Please visit our company website for further information:

https://www.db.com/company/company.html

We strive for a culture in which we are empowered to excel together every day. This includes acting responsibly, thinking commercially, taking initiative and working collaboratively.

Together we share and celebrate the successes of our people. Together we are Deutsche Bank Group.

We welcome applications from all people and promote a positive, fair and inclusive work environment.