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Payroll Specialist
full-timeBengaluru

Summary

Location

Bengaluru

Type

full-time

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About this role

About the Role

 

The Payroll Specialist plays a crucial role in ensuring the accurate and timely processing of payroll for an organization. Responsible for overseeing the area of responsibility, this professional manages the end-to-end payroll process, compliance with relevant regulations, and supports overall financial integrity.

 

 

Key Responsibilities:

 

Payroll Processing:

  • Execute the complete payroll cycle, including data input, calculations, and distribution of employee salaries and benefits for the countries in scope.
  • Ensure accuracy and compliance with local, state, and federal regulations regarding payroll and tax obligations.
  • Ensure that the agreed payroll calendar is respected upstream and downstream.

 

Compliance:

  • Stay abreast of changes in payroll laws and regulations, implementing necessary updates to ensure compliance and mitigate legal risks. Work closely together with the benefit and reward team that local legal changes are applied to global programs and in line with the payroll provider.

 

Provider Management:

  • Oversee the day-to-day local relationship with the providers in the area of responsibility. Work closely with the provider to maintain a high quality.

 

System Management:

  • Work together with the payroll provider on optimization of the payroll systems and software, identifying opportunities for automation and efficiency improvements. Oversee the interfaces between the payroll system with the HCM system and the time management systems in the area of responsibility.

 

Reporting: 

  • Generate and analyze payroll reports. Produce the statuary payroll reports accurate and timely and send them to the authorities.

 

Record Keeping:

  • Maintain precise and up-to-date payroll records, including employee information, hours worked, benefits, and tax withholdings in alignment with the center of expertise.

 

Problem Resolution:

  • Address and resolve payroll discrepancies or issues, working closely with other departments to ensure accurate and timely resolution.

 

Audit Support:

  • Collaborate with internal and external auditors to facilitate payroll audits, ensuring accuracy and completeness of records.

 

Continuous Improvement:

  • Identify opportunities for process improvement, streamline payroll procedures, and contribute to the overall efficiency of the payroll function.

 

Communication:

  • Communicate payroll related information to employees, addressing inquiries and providing assistance when needed.

 

Confidentiality:

  • Maintain the utmost confidentiality when handling sensitive employee information and payroll data.

 

 

About You

 

Bachelor's degree in Payroll, Accounting, Finance or a related field, or postgraduate training.

Demonstrated experience in payroll management, with knowledge of payroll processes and regulations across different countries.

Experience in Australia & Newzealand Payroll is mandatory

Experience in provider management; prior work on the provider side is considered an asset.

Knowledge of payroll software and systems.

Analytical and problem-solving skills.

Communication and interpersonal abilities.

Experience working in multicultural environments.

Attention to detail and ability to maintain confidentiality.

The Payroll Specialist supports financial transparency and employee satisfaction within the organization.

 

Our company has a hybrid work model where the expectation is that you will be in the office at least three days per week

 

About Swiss Re

 

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

 

 

Keywords:  
Reference Code: 136114 

 

 

Other facts

Tech stack
Payroll Management,Compliance,Provider Management,System Management,Reporting,Record Keeping,Problem Resolution,Audit Support,Continuous Improvement,Communication,Confidentiality,Analytical Skills,Interpersonal Abilities,Attention to Detail,Multicultural Experience

About Swiss Re

The Swiss Re Group is a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. Dealing direct and working through brokers, its global client base consists of insurance companies, mid-to-large-sized corporations and public sector clients. From standard products to tailor-made coverage across all lines of business, Swiss Re deploys its capital strength, expertise and innovation power to enable the risk taking upon which enterprise and progress in society depend.

Founded in Zurich, Switzerland, in 1863, Swiss Re serves clients through a network of over 70 offices globally and is rated "AA-"​ by Standard & Poor's, "Aa3"​ by Moody's and "A+"​ by A.M. Best. Registered shares in the Swiss Re Group holding company, Swiss Re Ltd, are listed in accordance with the Main Standard on the SIX Swiss Exchange and trade under the symbol SREN.

We're smarter together.

For more information about Swiss Re Group, please visit: www.swissre.com, follow us on X @SwissRe and subscribe our YouTube channel @swissretv.

Team size: 10,001+ employees
LinkedIn: Visit
Industry: Insurance

What you'll do

  • The Payroll Specialist is responsible for managing the end-to-end payroll process, ensuring compliance with regulations, and maintaining financial integrity. This includes payroll processing, compliance updates, provider management, and generating payroll reports.

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Frequently Asked Questions

What does a Payroll Specialist do at Swiss Re?

As a Payroll Specialist at Swiss Re, you will: the Payroll Specialist is responsible for managing the end-to-end payroll process, ensuring compliance with regulations, and maintaining financial integrity. This includes payroll processing, compliance updates, provider management, and generating payroll reports..

Why join Swiss Re as a Payroll Specialist?

Swiss Re is a leading Insurance company.

Is the Payroll Specialist position at Swiss Re remote?

The Payroll Specialist position at Swiss Re is based in Bengaluru, India. Contact the company through Clera for specific work arrangement details.

How do I apply for the Payroll Specialist position at Swiss Re?

You can apply for the Payroll Specialist position at Swiss Re directly through Clera. Click the "Apply Now" button above to start your application. Clera's AI-powered platform will help match your profile with this opportunity and guide you through the application process. You can also learn more about Swiss Re on their website.