Analyst Payroll at Target

Bengaluru, Karnataka, India

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Not SpecifiedCompensation

Junior (1 to 2 years)Experience Level

Full TimeJob Type

UnknownVisa

RetailIndustries

Requirements

Bachelor degree in Accounting/Business/Human Resources
FPC/CPP/Payroll Certification is must
End to End knowledge on US payroll and taxation
Requires 5+ years of payroll experience with excellent knowledge on all Federal and State Laws
Proficient on Excel, Word and PowerPoint
Attention to detail, accurate

Responsibilities

Processing payroll checks with 100% accuracy and pay on time
Working pay run audit reports and ensuring error/issues are fixed before paychecks are printed
Analyzing pay run reports and taking proactive steps to identify any issues causing a trend and reporting to partners
Work & Monitor all payroll mailboxes & ensure 24 hours SLA is met for all the request/forms
Ensure awareness of all policies and compliance relating to US payroll and apply during the execution of daily work
Partnering with onshore team in driving volumes during peak and critical times
Support the team on Adhoc projects for yearend pay’s and manage year end calendar change
Ensure internal audit controls are placed for meeting 100% accuracy of the team, draw quality trends to identify the opportunity areas and rectify
Daily communication with Team on work allocation, work load management to ensure the business timelines are met, along with communicating with partners Via workload status to ensure the critical tasks are handled on time avoiding any impact on pay check
Well equipped with subject knowledge to process all the critical activities during BCP situation to support the US and India payroll team to ensure TM pay on time
Equipping existing TM’s and training contractors during peak season on high volume driving process and ensure their quality is audited
Taking ownership in reducing the overpayments by Reconciliation of unmatched voucher account and partnering with GL team to have the records of TM accurate
Identifying areas to streamline the process, initiating projects to save time and increase accuracy
Building subject knowledge amongst TM’s and encouraging them to contribute ideas, and help them contribute to process improvements

Skills

Key technologies and capabilities for this role

Payroll ProcessingPayroll AuditsPay Run AnalysisComplianceSLA ManagementProcess DocumentationStakeholder Communication

Questions & Answers

Common questions about this position

What is the employment type for the Analyst Payroll position?

This is a full-time position.

What are the main responsibilities of the payroll analyst role?

The role involves daily payroll activities like processing payroll checks with 100% accuracy, running audit reports, analyzing pay run reports, monitoring payroll mailboxes within 24 hours SLA, ensuring compliance with US payroll policies, partnering with onshore teams, supporting ad hoc projects, and training team members.

What skills or experience are needed for this payroll analyst job?

Key skills include strong knowledge of US payroll policies and compliance, accuracy in processing payroll, ability to analyze reports and identify trends, communication with teams and partners, training capabilities, and handling high-volume processes during peak seasons.

What is the company culture like at Target?

Target promotes a culture of mutual care and respect, values different voices, lifts each other up, and encourages authenticity and positive impact in an inclusive learning environment.

What makes a strong candidate for the Analyst Payroll role?

Strong candidates demonstrate ownership, subject matter expertise in US payroll, ability to ensure 100% accuracy and timeliness, proactive issue resolution, effective communication with internal and external partners, and experience in training and managing teams during high-volume periods.

Target

Retailer offering diverse consumer goods

About Target

Target Corporation is a retail company that offers a wide range of products, including clothing, electronics, home goods, and groceries, through nearly 2,000 stores and an online platform. Its "Design For All" philosophy allows it to provide high-quality, affordable products that cater to diverse customer needs. Target differentiates itself from competitors with its owned brands and the Target Circle loyalty program, which enhances customer engagement. The company's goal is to support sustainability and community initiatives by giving back 5% of its profits to local communities.

Minneapolis, MinnesotaHeadquarters

2005Year Founded

N/ACompany Stage

Consumer GoodsIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Paid Sick Leave

Paid Holidays

Paid Vacation

401(k) Retirement Plan

Employee Discounts

Risks

Increased competition from online-only retailers like Amazon threatens Target's market share.

Rising labor costs due to new minimum wage laws could impact profit margins.

Supply chain vulnerabilities from geopolitical tensions may affect inventory and pricing strategies.

Differentiation

Target's 'Design For All' philosophy offers unique, high-quality products at affordable prices.

The Target Circle loyalty program enhances customer engagement and shopping experience.

Target's commitment to sustainability and community support sets it apart from competitors.

Upsides

Experiential retail and 'retailtainment' strategies can boost customer engagement and foot traffic.

Augmented reality integration offers immersive shopping experiences showcasing Target's unique designs.

Omnichannel retail strategies enhance customer experience by integrating online and offline shopping.

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