The Payroll Accountant is responsible for ensuring the accurate, timely, and compliant execution of the company's weekly and special payroll cycles. This role bridges the gap between payroll operations and corporate accounting, managing tax calculations (ISR, IMSS, INFONAVIT, ISN), executing balance sheet reconciliations, generating accounting policies, and driving process improvements within a global corporate environment.
Key Responsibilities and Duties
1. Payroll Execution & Compliance
- End-to-End Processing: Execute and validate the calculation of weekly payroll, variables, and special payments (overtime, vacations, vacation premiums, Christmas bonus, and PTU).
- Discrepancy Resolution: Review and validate payroll data, troubleshoot calculations, resolve discrepancies, and act as the primary point of contact for employee inquiries.
- Data Administration: Process payroll changes, attendance tracking, and leaves of absence; accurately determine the Base Wage for Contribution (SBC).
- Offboarding: Calculate and draft accurate termination settlements, severance packages, and legal compensations according to Mexican Labor Law.
2. Taxation & Social Security (Local Compliance)
- Tax Withholding: Compute and execute correct calculation bases for payroll-related taxes: income tax (ISR), social security (IMSS), housing fund (INFONAVIT), and state payroll tax (ISN).
- Statutory Portals: Submit timely affiliation movements (hires, separations, and salary modifications) via local social security portals.
- Tax Benefits: Identify and evaluate regional or local tax incentive opportunities to drive financial savings for the organization.
3. Accounting, Reconciliations & BPO Oversight
- Accounting & Invoicing: Generate journal entries (pólizas contables), manage provisions, and control expense accounts related to payroll.
- CFDI Digital Stamping: Apply, validate, and verify the correct digital stamping (timbrado) of payroll receipts monthly according to Mexican SAT regulations.
- SAP & BPO Synchronization: Monitor calculation bases and reports in SAP-BPO to guarantee payment accuracy and secure necessary authorizations for ledger postings.
- Financial Reconciliations: Perform exhaustive reconciliations between payroll runs, final payments, and accounting records to identify and resolve variations.
- Financial Projections: Formulate annual payroll expense, payment, and tax liability projections to fulfill company opinions and strategic planning.
Required Profile
- Experience: 4+ years of experience as a Payroll Accountant or Payroll Analyst within mid-to-large global environments.
- Education: Bachelor’s degree in Accounting / Contaduría Pública (Mandatory).
- Technical Skills:
- Strong expertise in Mexican tax laws (LISR, LSS, LFT) and state taxes.
- Proficiency working in an ERP system (SAP preferred) and handling BPO models.
- Advanced Excel capabilities (data manipulation, financial tracking, complex formulas, pivot tables).
- Language: Business English proficiency (written and spoken) to navigate cross-functional/global teams.
- Ability to work under strict institutional timelines (payroll closings).