Newmark Real Estate

Payroll Analyst

Hyderabad, India In person Full-time

Main Objective

  • The role of the Payroll Specialist is to manage and process payroll, ensuring strict compliance with
  • IMSS, SAT, local taxes, and the Federal Labor Law (LFT), while serving as the primary point of
  • contact for all payroll processing activities. Additionally, this role will participate in various projects
  • such as system data updates, provide guidance to employees, and collaborate with other
  • departments as required.

Key Functions

  • Process payroll in a timely and accurate manner, including all payroll interface and
  • processing activities.
  • Act as the daily liaison with designated contacts for payroll-related matters.
  • Resolve inquiries, manage incidents, and ensure legal compliance in Mexico.
  • Keep payroll procedure manuals, policies, and internal controls up to date.
  • Support audits from labor and tax authorities, with knowledge of IMSS, INFONAVIT, and ISN
  • (Local Payroll Tax) statutory reports (Dictámenes).
  • Ensure quality control in payroll processes, including results reconciliation and audit
  • reviews.
  • Manage month-end, quarter-end, and year-end closing processes, including data
  • reconciliation for quarterly and annual closings.
  • Administer payroll system variables, SUA, IDSE checking (Confrontas), and incident
  • management.
  • Track tax returns and specialized services reporting, including ICSOE and SISUB.

Ideal Candidate Profile

  • Education: Bachelor’s degree completed in Accounting, Business Administration, or a
  • related field (Degree/Título required).
  • Experience: Minimum of 4 to 5 years of experience processing payroll in Mexico.
  • Indispensable Tools: Proficiency in SUA, IDSE, Excel (intermediate-advanced), and payroll
  • software (e.g., CONTPAQi, NOI, Oracle etc.).
  • Skills: Excellent written and verbal customer service and communication skills.
  • Knowledge: Deep understanding of the Federal Labor Law, Social Security Law, and
  • Income Tax Law (ISR).
  • Languages: Conversational English level.
  • Competencies: Extreme attention to detail, precision, honesty, high confidentiality, and the
  • ability to work under pressure and meet strict deadlines.

Job description provided by Newmark.
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