Senior Finance Associate - US Payroll

Department Icon Accounting & Finance
137+ Applicants
Posted: 11 months ago
4-6 years
Chennai
Work from Office

Posted: 11 months ago
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Applicants: 138+
Job Description
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Job Description

Your Growth
Driving lasting impact and building long-term capabilities with our clients is not easy work. You are the kind of person who thrives in a high performance/high reward culture - doing hard things, picking yourself up when you stumble, and having the resilience to try another way forward.
In return for your drive, determination, and curiosity, well provide the resources, mentorship, and opportunities you need to become a stronger leader faster than you ever thought possible. Your colleagues—at all levels—will invest deeply in your development, just as much as they invest in delivering exceptional results for clients. Every day, you’ll receive apprenticeship, coaching, and exposure that will accelerate your growth in ways you won’t find anywhere else.
When you join us, you will have:
  • Continuous learning: Our learning and apprenticeship culture, backed by structured programs, is all about helping you grow while creating an environment where feedback is clear, actionable, and focused on your development. The real magic happens when you take the input from others to heart and embrace the fast-paced learning experience, owning your journey.
  • A voice that matters: From day one, we value your ideas and contributions. You’ll make a tangible impact by offering innovative ideas and practical solutions. We not only encourage diverse perspectives, but they are critical in driving us toward the best possible outcomes.
  • Global community: With colleagues across 65+ countries and over 100 different nationalities, our firm’s diversity fuels creativity and helps us come up with the best solutions for our clients. Plus, you’ll have the opportunity to learn from exceptional colleagues with diverse backgrounds and experiences.
  • World-class benefits: On top of a competitive salary (based on your location, experience, and skills), we provide a comprehensive benefits package, which includes medical, dental, mental health, and vision coverage for you, your spouse/partner, and children.
Your Impact
You will liaise with local office for payroll inputs that include new joiner, terminations, leave of absence (LOA), and salary revisions. You will also update the payroll software with the relevant changes for the payroll cycle.
In this role, you will ensure all employee benefits (if any) are taken care of and incorporate any changes with regards to banking information, mailing address, tax details, etc. You will review all applicable statutory deductions, including retirement plans, social security taxes, etc. You will also review the offshore instructions. You will also support payroll transformation - SAP payroll platform implementation for an in-house payroll for US and Canada including working & guiding through configuration, testing, and roll-out. 
You will generate relevant reports (pay register, variance report, etc.) prior to payroll release and review internally. You will also coordinate payroll release with the local offices. You will back up payroll after payroll has been released and respond promptly to payroll e-mail queries. 
You will file statutory reports and remittance of dues with regards to income tax, FICA FUTA, local and federal taxes, and any other applicable statutory liabilities. You will enter compensation details and conduct accounting of payroll cost. Importantly, you will ensure confidentiality with regards to all compensation details.
You will be based in our Gurugram or Chennai office as part of our Global Payroll team in coordination with office accounting, firm colleagues and applications support team.

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Your qualifications and skills
  • Bachelor’s degree in accounting, finance or a related field is preferred
  • 4+ years of experience in US payroll – experience in other countries or regions will be an added advantage
  • SAP payroll system experience required, exposure to Lawson payroll will be preferable
  • Strong knowledge of accounting principles
  • Strong attention to detail, problem-solving, and analytical skills
  • Familiarity with productivity tools such as Microsoft Office Suite
  • Excellent verbal and written communication skills
  • Payroll transformation experience required – including testing experience, ensuring data accuracy and integrity

Skills

AccountingFinance

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About Company

McKinsey & Company India Careers 2025 – Overview

McKinsey & Company, founded in 1926 by James O. McKinsey, is a New York City‑based global management consulting firm that advises leading businesses, governments, and institutions across the private, public, and social sectors.

With offices in 65+ countries and a team of ~45,000 professionals worldwide, McKinsey delivers expertise in strategy, operations, technology, digital transformation, sustainability, and AI‑driven innovation.

In India, McKinsey operates from hubs in Gurugram, Mumbai, Bengaluru, and Chennai, employing ~1,150–1,200 consultants and specialists. The firm is known for its rigorous problem‑solving approach, deep industry knowledge, and ability to deliver measurable impact for clients.

Business Model

McKinsey operates as a project‑based B2B professional services firm, generating revenue through high‑value strategic and operational consulting engagements.

Its model blends:

  • Top‑tier problem‑solving frameworks with deep industry expertise
  • Global knowledge networks with local market insights
  • Long‑term client relationships built on trust and measurable results

Strategic priorities for McKinsey India include:

  • Expanding digital, analytics, and AI capabilities
  • Growing sustainability and climate transition advisory
  • Strengthening implementation and transformation services alongside strategy
  • Investing in talent development and diversity initiatives

Recent Wins & Recognition

  • Advised a leading Indian conglomerate on a multi‑billion‑dollar renewable energy transition strategy (https://www.mckinsey.com/industries/electric-power-and-natural-gas/our-insights).
  • Partnered with a major Indian bank to implement AI‑driven credit risk modelling (https://www.mckinsey.com/capabilities/risk-and-resilience/our-insights).
  • Published the India’s Turning Point 2025 report outlining pathways to $10 trillion GDP by 2035 (https://www.mckinsey.com/featured-insights/asia-pacific/indias-turning-point).
  • Recognised among Top 10 Most Prestigious Consulting Firms Globally in Vault’s 2025 rankings (https://firsthand.co/best-companies-to-work-for/consulting).

Culture & Values

McKinsey’s culture is anchored in its Obligation to Dissent, Client First mindset, and commitment to professional development.

Core values include:

  • Adhere to the highest professional standards
  • Improve clients’ performance significantly
  • Create an unrivaled environment for exceptional people

The firm promotes diversity, equity, and inclusion, offers global staffing opportunities, and invests heavily in continuous learning through McKinsey Academy and leadership programs.


Client‑Facing Practices

Strategy & Corporate Finance

What it is – Core strategic advisory for CEOs and boards. India work includes:

  • Corporate Strategy – Growth, portfolio, and market entry strategies.
  • M&A Advisory – Deal strategy, due diligence, and integration.
  • Performance Transformation – Large‑scale cost and growth programs.

Operations

What it is – End‑to‑end operational excellence. India work includes:

  • Manufacturing & Supply Chain – Lean operations, procurement, logistics.
  • Product Development – Innovation and time‑to‑market acceleration.
  • Capital Projects & Infrastructure – Planning and execution excellence.

Digital & Analytics (McKinsey Digital)

What it is – Technology‑driven transformation. India work includes:

  • Digital Strategy – Roadmaps for digital transformation.
  • Advanced Analytics – AI/ML solutions for business impact.
  • Cybersecurity – Risk assessment and resilience building.

Sustainability & ESG

What it is – Helping clients transition to net‑zero and sustainable operations. India work includes:

  • Climate Strategy – Decarbonisation pathways.
  • Circular Economy – Waste reduction and resource efficiency.
  • ESG Reporting & Compliance – Framework design and assurance support.

People & Organizational Performance

What it is – Talent, leadership, and culture transformation. India work includes:

  • Leadership Development – Coaching and succession planning.
  • Organisational Design – Structure and governance optimisation.
  • Change Management – Driving adoption of transformation initiatives.


Read More

Important dates & deadlines?

Application Deadline

24 Jun 25, 12:22 PM IST

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Senior Finance Associate - US Payroll

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