Payroll Specialist

Financial Chain Corporation is an outsourcing accounting company looking for a suitable candidate for a Payroll Specialist. Please send your CV to global@f-chain.com and indicate the name of the position, “Payroll Specialist” in the email’s subject line.

Payroll Specialist is responsible for processing payroll, ensuring compliance with Azerbaijani
labor laws and regulations, and maintaining accurate employee records.

Your role

• 1. Payroll Processing:
  Calculate and process employee salaries, wages, bonuses, and other compensation elements.
  Ensure accurate deductions for taxes, social security, and other statutory contributions.
  Verify and reconcile timesheets and attendance records.
• 2. Compliance:
  Stay up-to-date with Azerbaijani labor laws and regulations related to payroll and taxation.
  Ensure all payroll processes comply with local laws and company policies.
  Prepare and submit required reports and filings to relevant authorities.
• 3. Data Management:
  Maintain accurate and confidential employee records, including personal information, salary
  details, and tax-related data.
  Update employee records for changes in salary, benefits, or employment status.
• 4. Communication:
  Address employee inquiries regarding payroll, taxes, and deductions.
  Collaborate with HR and Finance departments to resolve payroll-related issues.
• 5. Payroll Systems:
  Utilize payroll software to process payments and maintain payroll data.
  Implement improvements to streamline payroll processes and enhance accuracy.
• 6. Reporting:
  Generate payroll reports for management, finance teams and government.
  Prepare financial statements related to payroll expenses.

What are we looking for

• Bachelor’s degree in Finance, Accounting, or a related field.
• Minimum of 2 years of relevant experience.
• Prior experience in payroll processing and tax compliance, preferably in Azerbaijan.
• Strong knowledge of Azerbaijani labor laws and tax regulations.
• Attention to detail and accuracy.
• Excellent communication and interpersonal skills.
• Strong organizational and time management abilities.
• Discretion and the ability to handle sensitive employee information.
• Proficiency in Social Protection tolls and accounting software 1C 8.3.
• Knowledge of Microsoft Office (especially Excel, word, and outlook).
• Azerbaijani citizenship.
• Fluency in Azerbaijani, Russian and English languages.
• Ability to work under pressure and meet deadlines.
• Ethical conduct and a high level of integrity.
• Flexibility to adapt to changes in the business environment

What do we offer

Administer employee benefits such as health insurance, retirement plans, and other deductions as
applicable.