At TE, you will unleash your potential working with people from diverse backgrounds and industries to create a safer, sustainable and more connected world.
Job Overview
The Payroll Manager must be dedicated and industrious, committed to accuracy in all transactions. The successful candidate will co-ordinate, direct and manage all payroll preparation, processing and distribution duties and will provide assistance to both internal and external customers when necessary.
Responsibilities:
- • Manage and guarantee disbursements of multi-state/country payroll.
• Ensure the processing of new hires, transfers, promotions and terminations is accurate, compliant, and timely within payroll.
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• Ensure on time India Compliance are followed and actioned upon including monthly, quarterly, half yearly and yearly challan filling etc.
• Supervise payroll staff with a strong focus on growth and development
• Manage annual Employee Income Tax activities - ensuring document collection, auditing done by vendor and recalculation of income tax, if applicable, and aim for zero employee grievances and escalations.
• Critically review and analyze current payroll, benefits and tax procedures in order to recommend and implement changes leading to best practice operations.
• Audit year end declarations/statements, payroll balance sheets, YTD earnings, etc.
• Communicate actively with Finance, Human Resources, etc. to review cross-departmental impacts and reconcile data sharing.
• Ensure systems are set-up and updated to reflect our current employee base, including wages, benefits, time-off are in line with contracts and legislations.
• Manage regular preparation of relevant management reports, including weekly, monthly, quarterly and year-end reports (i.e., gross payroll, hours worked, PTO accrual, tax deductions, benefit deductions, etc.).
• Oversee compliance with statutory reporting and filing requirements with a heavy focus on SOX audit/compliance. Lead all internal and external audits.
• Work on improving OU payroll process and continuously strive to work on creating and updating SOPs to ensure functionality is process driven and not people driven.
• Facilitates audits by providing records and documentation to auditors. Review monthly executive payrolls. Audit compensation, equity, mobility etc. to avoid any amendments or disruptions.
• Maintains/retains payroll staff by recruiting, selecting, orienting, and training employees.
What your background should look like:
- 12+ years of payroll processing experience. Full understanding of end-to-end payroll process.
- Full understanding of Germany laws and regulations (Taxes, labor laws, Works Council)
- 5+ years in management/leadership (8+ direct reports)
- Extensive knowledge of the payroll function including preparation, balancing, internal control, and payroll taxes.
- An understanding of equity to facilitate frequent audits/reviews
- Strong analytical and problem-solving skills.
- Proficient with different payroll software's
- Knowledge of accounting principles and practices
- Proficient in MS Office (especially Excel and PowerPoint)
- Working experience of local payroll taxes
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ABOUT TE CONNECTIVITY
TE Connectivity is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 8,000 engineers, working alongside customers in approximately 140 countries. TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).
WHAT TE CONNECTIVITY OFFERS:
We are pleased to offer you an exciting total package that can also be flexibly adapted to changing life situations - the well-being of our employees is our top priority!
• Competitive Salary Package
• Performance-Based Bonus Plans
• Health and Wellness Incentives
• Employee Stock Purchase Program
• Community Outreach Programs / Charity Events
• Employee Resource Group
Across our global sites and business units, we put together packages of benefits that are either supported by TE itself or provided by external service providers. In principle, the benefits offered can vary from site to site.