Payroll Specialist - Senior Associate

Posted 5 Days Ago
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Hyderabad, Telangana, IND
In-Office
Senior level
Financial Services
The Role
The Payroll Specialist will manage payroll operations for APAC countries, ensuring compliance, accuracy, and timely salary disbursement while supporting HR projects and process improvements.
Summary Generated by Built In

Who are we looking for

This position is responsible for the delivery of payroll services including operations support and projects support to APAC countries in accordance with Company Service Level Agreements that will ensure accuracy and timeliness as well as full compliance with legislation, company policy and control procedures. The position requires the ability to work on various APAC HR and payroll related projects and continuously look to improve the efficiency of day-to-day payroll operations through work process improvements.

What you will be responsible for

  • This position is responsible for managing & administration of the company Payroll shared services and ensuring compliance and accuracy in monthly Payroll activities

  • The role responsible for ensuring timely and accurate delivery of payroll.

  • Overall responsibility for payroll processing and administration

  • Must have minimum of 5 to 6  years of APAC- Philippines , Hong Kong, Singapore, Malaysia and Australia payroll processing experience

  • Manage certain time bound processes and ensure validation of data to be accurate and truthful

  • Ensuring timelines are met for salary disbursement and statutory compliance

  • Ensuring Employee Benefits including Employee reimbursements as per rules and regulations of income tax

  • Responsible for value adds and Payroll process Standardization

  • Verification & Reconciliation of monthly payroll

  • Preparation & Submission of monthly, Annual statutory contributions.

  • Steer the year-end processing where applicable and ensure timely activities are met.

  • Responsible of publishing monthly Payroll Dashboard

  • Ensure Monthly payroll provisions to Finance

  • Maintaining payroll operations by following policies and procedures

  • Resolving payroll discrepancies and be proactive enough to escalate any discrepancies within the Governance timeframes.

  • Demonstrate high professionalism and flexibility towards work assigned

What are we looking for

  • 5 + years of payroll operation and administration experience. Preferably Philippines, Hongkong, Singapore, Malaysia and Australia of APAC region.

  • Working knowledge of statutory legislation and procedure relating to payroll.

  • Should have been experience in working various HR and Payroll projects.

  • Working knowledge of a Payroll/HR system.

  • Excellent working knowledge of Microsoft Excel.

  • Evidence of a confident communication style and clear written communication.

  • Resilience and the ability to work independently in a fast paced environment to.

  • Deliver results with a strong focus on accuracy and attention to detail.

About State Street

Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.

We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.

As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.

Discover more information on jobs at StateStreet.com/careers

Read our CEO Statement

Skills Required

  • 5+ years of payroll operation and administration experience
  • Experience in Philippines, Hong Kong, Singapore, Malaysia, and Australia payroll
  • Working knowledge of statutory legislation and payroll procedures
  • Experience in HR and payroll projects
  • Experience with Payroll/HR systems
  • Excellent Microsoft Excel skills

State Street Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about State Street and has not been reviewed or approved by State Street.

  • Retirement Support Retirement support is framed as a standout component, highlighted by a 401(k) match described as 100% on the first 6% of base salary. This is positioned as a meaningful offset to less competitive cash compensation for some roles.
  • Leave & Time Off Breadth Leave and time off are portrayed as relatively robust, with references to multi-week vacation, paid holidays, sick time, and additional days tied to wellness or volunteering. This breadth is repeatedly treated as a tangible part of total rewards beyond base pay.
  • Wellbeing & Lifestyle Benefits Wellbeing and lifestyle benefits are presented as extensive, including the BeWell program, fitness discounts, onsite or supported health resources, and financial counseling. These offerings are depicted as strengthening the overall benefits proposition even when pay satisfaction is tepid.

State Street Insights

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The Company
Brisbane City
39,782 Employees
Year Founded: 1792

What We Do

At State Street, we partner with institutional investors all over the world to provide comprehensive financial services, including investment management, investment research and trading, and investment servicing. Whether you are an asset manager, asset owner, alternative asset manager, insurance company, pension fund or official institution, you can rely on us to be focused on your challenges. We are committed to doing what it takes to help you perform better — now and in the future

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