Payroll Processing

About Company

LTM is an AI-first global technology services company and the Business Creativity partner to the world’s largest and most disruptive enterprises.

We combine human insights with intelligent systems to help clients generate greater value at the intersection of technology and domain expertise. Our offerings include integrated operations, transformation, and business AI—creating new ways of working, new productivity models, and new pathways to value.

With more than 87,000 employees across 40 countries and a worldwide partner network, LTM—a Larsen & Toubro company—takes ownership of client business outcomes, helping clients not only 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 consolidate payroll inputs; coordinate with the input stakeholders to clarify payroll requirements.
• Handle payroll inputs and coordinate with payroll consultants to ensure accurate payroll processing.
• Validate payroll outputs and ensure statutory compliance for payroll disbursement of salary.
• Prepare payroll JV and salary payment advice.
• Process remittance of statutory payments and reconcile payments.
• Submit payroll statutory returns and maintain SLAs.
• Complete payroll year-end activities applicable for the respective countries.
• Set up and process employee payments as per established timelines.
• Resolve payroll-related queries and maintain SLA adherence.
• Maintain knowledge of payroll cost provisions applicable.
• Perform employee account reconciliation and take action on open items in payroll.
• Manage payroll variance; conduct reconciliation between periods and perform analysis.
• Ensure payroll-related compliance with local statutory requirements.
• Support variance analysis and reporting; identify key reasons for deviations.
• Maintain and archive document records.
• Coordinate with stakeholders such as auditors and other finance teams for data requirements and clarifications.
• Participate in change initiatives, including automations, through user testing; provide inputs to improve controls and process efficiency.
• Prepare and support MIS reporting; quickly learn new topics and demonstrate a proactive mindset.
• Have knowledge of Financial Accounting and transaction execution.
• Have knowledge of overseas payroll taxes, social security, and health insurance deductions; understand the applicability of Payroll Fund requirements, including monitoring and reconciliation.
• Handle payroll PR and vendor cost reconciliation; monitor payroll compliance requirements and changes periodically.