Job Description

Sr Payroll AnalystVadodara, Gujarat, India Req #1777Friday, 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 looking for a Senior Payroll Analyst to oversee accurate payroll calculations and timely discharge of statutory liabilities. This role ensures smooth payroll operations, compliance with labour laws, and seamless coordination with internal and external stakeholders.Key Responsibilities:

• Process accurate payroll calculations, including salaries, bonuses, and deductions.
• Ensure timely validation and payment of statutory liabilities (e.g. PF, ESI, PT, TDS, gratuity, etc.).
• Ensure compliance with labour laws, tax regulations, and company policies.
• Coordinate with HR and finance teams for payroll inputs and approvals.
• Coordinate with payroll accounting team as & when required, especially during GL analysis.
• Handle payroll audits, statutory filings, and liaise with external authorities.
• Maintain payroll records and ensure data confidentiality.

Qualifications & Skills:

• Master's/Bachelor's degree in Accounting/HR.
• 5 to 7 years of experience in payroll processing and compliance.
• Strong knowledge of statutory payroll regulations and tax laws.
• Experience in Global payroll processing is preferred.
• Proficiency in payroll software & ERP systems.
• Attention to detail and ability to meet strict deadlines.
• Strong 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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