Job Description

Payroll Accounting ManagerVadodara, Gujarat, India Req #1775Friday, April 11, 2025Who We AreMagnit is the future of work. Serving hundreds of the worlds most recognizable brands for the past 30+ years, Magnit offers the industrys first holistic platform for the modern workforce. Magnit's integrated workforce management (IWM) platform supported by data, software, intelligence, and best-in-class services team is key to our clients success. It can adapt quickly to regional or industry economic shifts, and provides the speed, scale, flexibility, transparency, and expertise required to meet an organizations contingent workforce management, talent strategy and broader organization goals. At Magnit, youll work with passionate colleagues who collaborate and deliver meaningful results that positively transform the largest companies around the globe.Job Summary:We are seeking a Payroll Accounting Manager to lead the payroll accounting team and ensure accurate payroll-related financial reporting, GL reconciliations, and compliance with internal controls and statutory requirements. This role involves team management, strategic oversight, and month close coordination with cross-functional departments.Key Responsibilities:

• Lead and manage the payroll accounting team, ensuring high-quality deliverables and timely closures.
• Review and approve payroll-related journal entries, accruals, and reconciliations.
• Oversee monthly balance sheet review and analysis for payroll-related accounts.
• Ensure compliance with GAAP and internal policies related to payroll accounting.
• Partner with Payroll Admin., HR, and Finance teams to ensure accurate data flow and issue resolution.
• Coordinate and support internal and external audits by providing required documentation.
• Drive process improvements and automation in payroll accounting activities.
• Monitor changes in statutory requirements and ensure alignment in accounting treatment.
• Prepare and present reports to senior leadership on payroll accounting metrics.
• Mentor and develop team members, fostering a culture of ownership and continuous improvement.

Qualifications & Skills:

• Inter CA/CMA/Master's degree in Accounting.
• 7 to 10+ years of experience in payroll accounting, including 35 years in a leadership or managerial role.
• Strong knowledge of GAAP/IFRS, payroll accounting practices, and statutory compliance.
• Proficient in ERP systems (e.g., SAP, Oracle) and advanced Excel skills.
• Experience with payroll systems and automated reconciliation tools.
• Strong analytical, problem-solving, and decision-making skills.
• Excellent communication and stakeholder management abilities.
• Proven ability to lead teams and manage deadlines.
• High attention to detail with a focus on process improvement and control environment.
• Strong verbal and written communication skills.

What Magnit will Offer YouAt Magnit, youll be joining an innovative, high-growth environment and can quickly make an impact to help transform the largest companies in the world. You will work with passionate colleagues who collaborate and deliver. Magnit offers all employees the opportunity for growth and development, and we want individuals to fulfill their potential and blaze their own trails!Magnit will offer you a competitive PTO and benefits package, including medical, dental, and vision coverage, retirement planning, as well as discounts and perks for tickets, travel, merchandise and more! Magnit encourages employees to participate in giving back, and we will match employee contributions to favorite charities and support corporate volunteering hours to make a difference in your community!If this role isnt for youStay in touch, we will let you know when we have new positions on the team.To see a complete list of our open career opportunities please visit.To do our best work we need different viewpoints. Therefore, we celebrate diversity and embrace inclusion.As an equal opportunity employer, we are dedicated to building a team that represents a variety of backgrounds, perspectives, and skills. We strive to ensure that we maintain a positive and enriching work environment for all.
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