Role Purpose:
This Position is based in MAF Global Solutions (GS). GS is responsible for all
the transactional Accounting operations of the entities incl. preparation of
Financial Statements. The above position will be involved in managing the
Payroll process of the MAF GS & its subsidiaries (including overseas).
Role Details - Key Responsibilities and Accountabilities:
The job description will require to:
* Maintain employee confidentiality and protects payroll operations by keeping information confidential and secure.
* Support end to end monthly payroll processing within established deadlines as per the agreed SLA.
* Calculation of Provision of Gratuity as per the requirements of IAS-19.
* Processing of End of Services benefits of the employees.
* Processing of the Yearly Bonus paid to the employees of the whole Group including overseas.
* Assist in the set-up of new company for payroll processing including co-ordination with the bank.
* Regular meetings with the entities in identifying their issues.
* Assist in internal and external auditing procedures related to payroll by following company standards and policies
* Monitor and review complete payroll accounts for verification of accuracy and in case of any discrepancies make appropriate corrections and updates, at the end of every month
* Prepare/make the necessary payroll accounting entries periodical as and when required including monthly provisions and accruals.
* Provide information required for the preparation of Financial Statements.
* Reconcile payroll related balance sheet accounts for the purpose of maintaining accurate account balances and complying with established guidelines.
* Ensure that all control accounts are in balance with subsidiary records
* Timely prepare deduction/additions list of the employee with verified and reconciled with respective balance sheet account on a monthly basis.
* Review and confirm the monthly accrual/benefits reports with the accuracy and financials numbers are correct as per the eligibility and policy of the management and government.
Minimum Qualifications and Knowledge:
* Bachelor's degree in Finance/Accounting is a must
* Advanced MS Word, Excel and PowerPoint experience
* Able to meet short deadlines
* Maintain Confidentiality of the payroll data
* Able to deliver quality work under pressure
Minimum Experience (number of years):
* Minimum 3 years' experience working in Finance Department including experience of managing the payroll function of the company.
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