Full-Time

Payroll Administrator

Posted on 5/30/2025

Ascensus

Ascensus

1,001-5,000 employees

Provides tax-advantaged savings plan services

No salary listed

Mid, Senior

Hyderabad, Telangana, India

In Person

Category
Payroll Accounting
Accounting
Requirements
  • Minimum of 3-5 years’ experience in India payroll processing including handling complex payroll situations
  • Experience with HR software (internal HRIS or external vendor) for payroll processing
  • Knowledge of India taxation, statutory compliances, gratuity payments, and audit processes
  • College degree or related experience
  • Excellent time management and organizational skills
  • High attention to detail
  • Solid customer relations skills and ability to handle highly sensitive/confidential information
  • Strong Microsoft Office skills
  • Excellent oral and written communication skills
  • Strong interpersonal skills
  • Self-motivated, strong problem solver, and detail-oriented
Responsibilities
  • Establish and maintain associate/payroll records including review of new hires and terminations in the payroll system
  • Process all special and recurring payments, deductions, time-entry, and other periodic edits in the payroll system
  • Check and audit electronic timekeeping records for compliance with established standards
  • Assist with resolution of manager/associate questions and problems in a timely and professional manner
  • Provide onboarding support for all new acquisitions to ensure a smooth transition
  • Work closely with the Finance team to coordinate bank transfers and timely tax payments
  • Develop monthly and ad hoc payroll and operational reporting as required
  • Assist with internal and external audits of pay and tax records
  • Advise Manager regarding activities and developments affecting associates and/or the department
  • Recommend improvements in payroll related policies and procedures
  • Assist with other duties and provide administrative support as needed
  • Protect, secure, and properly handle all confidential data held by Ascensus

Ascensus focuses on financial services that help individuals and organizations save money through tax-advantaged plans. The company offers technology and services for various savings accounts, including retirement plans, education savings (like 529 plans), and health savings accounts. Their products work by providing recordkeeping, administration, and investment services, which help clients manage their savings effectively. Unlike many competitors, Ascensus emphasizes a comprehensive approach to outsourced plan administration, catering to individuals, employers, and financial institutions. The goal of Ascensus is to empower people to save for significant life events by making the process of managing savings plans easier and more efficient.

Company Size

1,001-5,000

Company Stage

N/A

Total Funding

N/A

Headquarters

Muhlenberg Township, Pennsylvania

Founded

1980

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Janusea enhances IRA and HSA administration for financial institutions.
  • Ascensus' AI-driven tool, Aimee, offers personalized financial wellness guidance.
  • Collaboration with T. Rowe Price strengthens 529 plan servicing and customer experience.

What critics are saying

  • Competition from fintech firms like Betterment could erode Ascensus' market share.
  • Technological advancements may outpace Ascensus' ability to update its service offerings.
  • Partnership with Janusea may expose Ascensus to third-party technology risks.

What makes Ascensus unique

  • Ascensus specializes in tax-advantaged savings plans, offering unique financial technology solutions.
  • The company partners with fintech firms like Janusea to streamline account administration.
  • Ascensus is the largest recordkeeper of state-sponsored education savings programs in the U.S.

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Benefits

Remote Work Options

Company News

Plan Adviser
May 2nd, 2025
Product and Service Launches - 5/2/25

Ascensus LLC and fintech firm Janusea Inc. announced the launch of an integrated technology solution aimed at streamlining individual retirement account and health savings account administration for banks and credit unions.

PR Newswire
May 1st, 2025
Ascensus Announces New Partnership With Janusea To Revolutionize Ira And Hsa Administration

DRESHER, Pa., May 1, 2025 /PRNewswire/ -- Ascensus announced a new strategic partnership with Janusea to deliver a financial technology solution that streamlines IRA and health savings account (HSA) administration for financial institutions. Janusea's product creates a direct integration between Ascensus' technology platform and banks and credit unions, eliminating manual, dual entry of IRA and HSA transactions.Ascensus currently offers full-service IRA and HSA administration as well as related services for approximately 5,500 financial organizations through its Retirement Products & Solutions (RPS) line of business. The new partnership combines Ascensus' position as the leading provider of IRA and HSA services in the industry with Janusea's deep experience bridging the gap between financial institutions and innovative fintech solutions."We're thrilled to partner with Janusea to bring this innovative solution to our clients," noted Anna Johnson, Head of Ascensus Retirement Products & Solutions. "Janusea believes integration should never be a barrier to innovation and is passionate about unlocking and accelerating financial technology for banks and credit unions. We're proud to offer this turn-key solution with minimal implementation effort on our clients' behalf, so banks and credit unions can spend more time doing what they do best and leave the data sharing and reconciliation to us."Key highlights of the integrated solution include:Comprehensive Implementation/Onboarding Support: Clients receive full support during the implementation and onboarding process, ensuring a smooth transition.Clients receive full support during the implementation and onboarding process, ensuring a smooth transition. Productivity Gains for Front-Line Staff: Elimination of dual data entry means front-line staff can operate more efficiently.Elimination of dual data entry means front-line staff can operate more efficiently

HR Today
Feb 27th, 2025
Ascensus Names Phillip Gillespie New Chief Legal, Risk and Compliance Officer

DRESHER, Pennsylvania, United States, February 2025 - Ascensus announced today that Phillip Gillespie has joined the company as its new Chief Legal, Risk and Compliance Officer.

PR Newswire
Feb 26th, 2025
Ascensus Names Phillip Gillespie New Chief Legal, Risk And Compliance Officer

DRESHER, Pa., Feb. 26, 2025 /PRNewswire/ -- Ascensus announced today that Phillip Gillespie has joined the company as its new Chief Legal, Risk and Compliance Officer. Gillespie reports to Ascensus Chair and CEO David Musto and is based in the company's Newton, MA office

GlobeNewswire
Nov 6th, 2024
Financial Wellness Software Market Report 2024, Featuring Profiles of Intuit, Voya Financial, Alight Solutions, MoneyLion and PlanSource Holdings

For instance, in May 2021, Ascensus LLC, a US-based financial services company, launched Aimee, an AI-driven virtual coach designed to offer personalized financial wellness guidance to employees participating in retirement plans.

INACTIVE