Payroll Specialist

Role Overview

• Process end-to-end monthly India payroll for assigned legal entities, including regular payroll, bonuses, off-cycle payments, leave encashments, arrears, recoveries, and final settlements.
• Validate payroll inputs such as new hires, exits, salary changes, reimbursements, and variable pay.
• Perform payroll reviews including variance analysis, exception handling, and pre-payroll validations prior to sign-off.
• Ensure payroll is processed within defined cut-off timelines and approval controls.
• Ensure compliance with Indian statutory requirements, including Income Tax (TDS on salary, projections, Form 16, Form 12BA), Provident Fund (EPFO – UAN, ECR, exits, contributions), ESIC, Professional Tax, and Labour Welfare Fund (LWF).
• Support annual tax activities such as investment declaration windows, proof verification, tax true-ups, and year-end reconciliations.
• Assist in responding to statutory notices and audits from authorities (e.g., Income Tax Department, PF authorities).
• Partner with Finance on payroll GL validation, reconciliations, and month-end close activities.
• Prepare and submit monthly payroll reports, statutory summaries, and defect/pre-defect reporting as per Global Payroll SOPs.
• Support internal and external audits by providing payroll data, reconciliations, and supporting documentation.
• Act as a primary contact for India payroll-related employee queries via ServiceNow or ticketing tools.
• Coordinate with HR Business Partners, People Services, and Mobility teams on payroll-impacting changes.
• Liaise with external payroll vendors to resolve discrepancies and ensure SLA adherence.
• Maintain accurate payroll data in Workday and payroll vendor systems.
• Ensure data confidentiality and compliance with S&P Global data protection standards.
• Identify payroll risks, defects, and recurring issues; implement corrective and preventive actions.
• Contribute to process improvements, automation initiatives, and standardization efforts within India payroll operations.

Requirements

• Bachelor’s /Master’s degree in HR, Finance, Accounting, or a related field.
• 3–6 years of hands-on India payroll experience, preferably in a large organization or shared services / GCC environment.
• Strong working knowledge of Indian payroll statutory laws and compliance.
• Experience managing payroll for medium to large employee populations.
• Strong proficiency in Microsoft Excel and payroll reporting.
• Experience with Workday HCM / Workday Payroll or similar HRIS platforms (preferred).
• Exposure to statutory audits, tax notices, and compliance reviews (preferred).
• Experience working within a global or regional payroll operating model (preferred).
• Knowledge on new-aged technologies like Power BI / AI and agility and automation driving solutions (preferred).

Tech Stack

• ServiceNow

Benefits

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.
• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.
• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.