Payroll Processing

About Company
LTM is an AI-centric global technology services company and the Business Creativity partner to the world’s largest and most disruptive enterprises.
We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and business AI — enabling new ways of working, new productivity paradigms, and new roads to value.
Together with over 87,000 employees across 40 countries and our global network of partners, LTM — a Larsen & Toubro company — owns business outcomes for our clients, helping them not just outperform the market, but to Out create it.
https://www.ltm.com/
DEI Statement:
LTM is proud to be an equal opportunity employer. We are committed to equal employment opportunity regardless of race, ethnicity, nationality, gender, gender-identity, gender expression, language, age, sexual orientation, religion, marital status, veteran status, socio-economic status, disability, or any other characteristic protected by applicable law
Location - Bangalore
Payroll Processing
Review and consolidation of payroll Input coordination with the input stake holder for payroll clarification
Payroll inputs and coordination with payroll consultants to ensure accurate payroll processing
Validation of payroll output and statutory compliance from the payroll and disbursement of salary
Preparation of payroll JV and Salary payment advice
Remittance of statutory payment and reconciliation of payments
Submission of payroll statutory returns and SLA maintain
Payroll year end activity applicable for the respective countries
Setup and processing of payments to employees as per timelines
Addressing payroll related queries and maintain SLA
Knowledge of payroll Cost provisions applicable
Employee account reconciliation and action on the open items in payroll
Payroll Variance and Reconciliation between the period and analysis
Managing payroll related compliances as per local statutory requirements
Assist in analysis and variance reporting Identifying key reasons for deviations
Maintaining and archiving document records
Coordinating with stakeholders like auditors other finance teams for data requirements and clarifications
Participating in change initiatives including automations through user testing providing inputs to improve the controls and efficiency in the process
Preparation and support in MIS reporting, Quick learner on the new things and proactive measure mindset
Knowledge of Financial Accounting and Transaction execution
Knowledge of overseas payroll Taxes Social security and health insurance deductions applicability of Payroll Fund requirement monitoring and reconciliation
Payroll PR and Vendor Cost reconciliation Monitoring the requirement of payroll compliance and if change periodically

Work arrangement
Hybrid