McDermott Hiring for Senior Payroll Administrator at Chennai, Tamil Nadu Full Time

Full Job Description
Job Overview:
The Associate Payroll Specialist is responsible for utilizing existing Payroll procedures to solve routine or standard problems. They receive instruction, guidance, and direction from others within the team, and they will leverage their conceptual knowledge of theories, practices, and procedures related to Payroll and Finance.

Key Tasks and Responsibilities:
Responsible for administration of specifically assigned payroll-related activities to include timely and accurate vendor invoice processing; adherence to company policies and procedures; and, promoting a positive payroll team environment
Prepare Monthly General Ledger Reconciliation
Check and Analyze the Payroll Accounts, Update the GEAC Recon in Blackline System
Pay GLI & Job Costing Activity
Update time data and pay period adjustments in the payroll system
Payroll processing and verification of payroll calculations/payments
Coordinate salary transfer to employee’s bank account
Respond to employees’ queries on payroll payments
Prepare the final statement of terminated employees
Month reconciliation of payroll accounts
Coordinate monthly deposit of withheld taxes and retirement benefits to respective authorities
Prepare annual withholding taxed and retirement benefits returns and submit them to respective authorities
Respond to payroll-related queries raised by accounting group/internal and external auditors

Essential Qualifications and Education:
Bachelor’s degree in accounting
Minimum 3 to 5 years of professional experience
High standard of safe working practice, quality, and productivity as well as compliance with the Code of Business Conduct
Extensive knowledge of all aspects of payroll processing
Can handle sensitive information with the highest degree of integrity and confidentiality
Strong sense of urgency and problem solving skills
Ability to work well with a team and support other admins as required
Knowledge of business procedures, letter and report formats
May require occasional overtime

Company Overview and Core Values:
McDermott is a premier, fully-integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions—from the wellhead to the storage tank—to transport and transform oil and gas into the products the world needs today.

At McDermott, we hold all employees accountable to follow our 5 core values.

Integrity – we maintain a firm adherence to legal and ethical conduct
One Team – we are one company, where everyone is equally important
Go Beyond – we seek courageous and creative solutions
Well-Being – we promote all forms of well-being
Commitment – we are reliable and dependable in delivering quality solutions

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