Payroll Specialist

Branch Overview
Branch delivers world-class financial services to the mobile generation. With offices in the United States, Nigeria, Kenya, and India, Branch is a for-profit socially conscious company that uses the power of data science to reduce the cost of delivering financial services in emerging markets. We believe that everyone, everywhere deserves fair financial access. The rapid spread of smartphones presents an opportunity for the world’s emerging middle class to access banking options and achieve financial flexibility. 
Branch’s mission-driven team is led by founder and former CEO of Kiva.org. The company presents a rich opportunity for our team members to drive meaningful growth in rapidly evolving and changing markets. In 2019, Branch announced its Series C and has garnered more than $100M in funding with investments from leading Silicon Valley firms including Andreessen Horowitz, Trinity Capital, Foundation Capital, Visa, and the International Finance Corporation (IFC).
We value diversity and are committed to providing an inclusive working environment where human beings of all backgrounds can thrive.
Job Overview

As a Payroll Specialist,  you will work closely with the Finance and People Operations teams at Branch. Your responsibilities will include collecting and reviewing employee information and working hours, calculating wages, preparing and processing employee payments, and maintaining accurate payroll records.
 

Roles & Responsibilities

• Onboarding employees on the payroll process and creating employee profiles on the payroll system 
• Entering data into payroll and administrative databases and related software programs.
• Responsible for conducting payroll and its related processes for India, incl. documentation and third-party management (e.g., Sodexo processing, statutory compliances, etc.)
• Collecting overtime and LOP data and other payroll-related information.
• Compile, analyze, and prepare payroll inputs with accuracy and timely processing.
• Maintaining accurate records of payroll documentation and transactions.
• Complete the necessary reconciliation of payroll
• Manage the expense claim cycle for employees
• Establish and maintain professional partnerships with internal and external stakeholders.
• Work on improvement and digitization initiatives for payroll and expense claims
• Prepare and ensure timely disbursement of NPS and PF amounts, Form 16 and I-T statements
• Responding to payroll-related inquiries and resolving concerns from employees.
• Performing account balance and payroll reconciliations
• Preparing financial reports for accounting and auditing purposes
• Preparing periodic payroll reports for review by management
• Work towards standardization and further improvements of the payroll processes
• Stay updated on market trends in payroll and compensation, and evolving business needs
• Prepare Payroll & Employee Reimbursements Payments File in Desired Bank Format.
• Review CTC Reimbursements for Employees.
• IT Declaration Proofs Review before Financial Year End.
• Conducting Employee Trainings for IT Declaration & Proof of Investments.
• Preparation of Journal Entry for Payroll in the Accounting ERP.
• Preparation & Filing of Monthly & Quarterly Employee Related TDS & PF.

Requirements

• Qualification - Commerce Graduate/MBA
• A minimum of 4 years and a maximum of 7 years of experience working in payroll or a similar role.
• Working knowledge of basic accounting principles and end to end payroll practices.
• Experience working with accounting and payroll software.
• Good communication skills, and ability to create high-quality documentation and presentations.