Senior Finance Process Lead – US Payroll
McKinsey & Company
APAC/Oceania, India, Chennai
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Salary
$176,000 - $283,000 Per Year
Rank
Director
Responsibility
Process Roles
Scope
Regional
Workplace
100% in office
Functions
Finance
IT
Reports to
US Payroll Manager
Level
N-2
Travel Max:
0%
Posting Date
05-04-2025
Description
McKinsey Global Payroll team is looking for a strong team contributor to support all aspects of our multi-entity, multi-state US payroll activity, as well as support our international mobility related processing cycles. You will work in our Finance Global Operations Center in Chennai or Gurugram and will be a part of the global payroll team.
Key Responsibilities
- You will be responsible for ensuring the accurate, timely and compliant operation of payroll runs. You will process termination payments and adjustment as needed, ensure compliance with Federal, State and local tax regulations, as well as company policies. You will collaborate with HR, Finance, and other departments to ensure seamless integration of payroll, benefits, and accounting processes.
- You will be responsible for payroll inputs that include new joiners, terminations, leave of absence, and salary revisions. You will update the payroll system with the relevant changes for the payroll cycle. You will be responsible for reviewing and approving payroll reports as well as reconciliations and audits. You will also generate and analyze payroll reports for management and finance teams. In this role, you will ensure all employee benefit deductions are taken and incorporate any changes with regards to banking information, mailing address, tax details and changes. You will review all applicable statutory deductions, including retirement plans and social security taxes. You will also review the offshore instructions and tax gross ups. You will generate relevant reports such as pay register and variance reports prior to payroll release and review internally.
- You will address employee questions and concerns regarding payroll, deductions and taxes. You will also communicate payroll policies, procedures and deadline to employees and managers and handle sensitive payroll issues with discretion and professionalism. You will also work closely with internal tax team and tax advisors. You will partner with functional leadership to identify issues, gather necessary information, use the right information for solving problems, and come up with practical solutions. You will collaborate with other department to support organization goals. You will ensure policy changes, business process documentations, and Standard Operating Procedures (SOPs) are updated regularly. You will work with other leads in the team in identifying the non-value-added activities in the process and help in creating efficiency.
Qualification & Requirements
- Bachelor’s degree in accounting, finance or related fields preferred
- 8+ years of work experience within a multinational shared services environment
- Strong knowledge on payroll processing, payroll laws, tax regulations and compliance requirements and payroll systems
- Experience in global payroll function including reconciliations and other accounting activities
- Exposure to other areas like accounting, payables, payments and expense will be an advantage
- Exposure to SAP ERP is required
- Ability to work independently and effectively in a fast-paced environment with tight deadlines
- Ability to prioritize and deliver
- Analytical and problem-solving abilities
- Strong attention to detail and organizational skills
- Excellent communication and interpersonal skills
Benefits
- Continuous learning: Our learning and apprenticeship culture, backed by structured programs, is all about helping you grow while creating an environment where feedback is clear, actionable, and focused on your development. The real magic happens when you take the input from others to heart and embrace the fast-paced learning experience, owning your journey.
- A voice that matters: From day one, we value your ideas and contributions. You’ll make a tangible impact by offering innovative ideas and practical solutions. We not only encourage diverse perspectives, but they are critical in driving us toward the best possible outcomes.
- Global community: With colleagues across 65+ countries and over 100 different nationalities, our firm’s diversity fuels creativity and helps us come up with the best solutions for our clients. Plus, you’ll have the opportunity to learn from exceptional colleagues with diverse backgrounds and experiences.
- World-class benefits: On top of a competitive salary (based on your location, experience, and skills), we provide a comprehensive benefits package, which includes medical, dental, mental health, and vision coverage for you, your spouse/partner, and children.
Company Profile
McKinsey & Company
Industry
Business Consulting and Services
Revenue
$16B
Employees
45,000
Fortune 500 Rank
NA
Global 500 Rank
NA
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