Assistant Manager - Finance - Payroll - FMCG/Consumer Goods - CA

Assistant Manager- Finance (Payroll)- FMCG/Consumer Goods background

We are currently looking for an Assistant Manager- Finance (Payroll) for one of the topmost packaged consumer goods Conglomerate in India. The position is to be based at Delhi.

Our client is one of the topmost Packaged consumer goods MNC in India and is an integrated and diversified group. With a market capitalization of over US $ 50 billion and a turnover of US $ 20 billion, It has a very diversified product portfolio and a portfolio of strong brands and leading market shares in all product categories. It employs the best talent in India and is one of the best FMCG employers to work with. The multinational group employs more than 180,000 people in over 100 countries.

Position Summary :

This position will be based at Delhi and reporting to Sr. Manager Financial Controlling.

Responsibilities and Accountabilities :

Payroll Processing:

- Responsible for uploading & validating Payroll Inputs in Payroll Vendor Portal with HRMS, SAP & Inputs shared by HRBPs and approving the same in the system.

- Co-ordination with HRBPs for Inputs & changes.

- Verifying Salary Register & ensuring inputs processed correctly in Salary Register.

- Responsible for validating Income Tax Computation of Employees (on sample basis) and ensuring correct deduction of TDS from employees.

- Responsible for validating Bank File, Pay Summary, Variance Reports etc and getting Finance Head & HR Head clearance for Salary Payout.

- Responsible for processing monthly payout of SAF/NPS & sharing payout details with Vendor & getting member account updated.

- Validating of Tax Declaration Report of Employees (on sample basis) & addressing queries of employees with regard to same.

- Resolution of employee queries with regard to year end Actual documents submission.

F&F Processing :

- Responsible for uploading & validating F&F Inputs received from HRBPs in Vendor Portal.

- Responsible for reviewing F&F register & F&F Statement for its correctness.

- Sharing F&F statement with employees and query resolution.

- Liaison with Payroll vendor & getting F&F revised in case of any changes.

- Validation of Bank File and ensuring payout within TAT.

Payroll Compliances :

- Responsible for validation of PF, TDS, NPS, SAF, LWF, P.Tax Reports.

- Responsible for validation & payment of PF, TDS, P.Tax & other statutory challans.

- Responsible for validation of PF, TDS, P.Tax & other statutory Returns before filing.

- Responsible for updating compliances in Payroll Vendor & in-house compliance tool.

- Form 16 generation & Validation - Responsible for Escalation & Query Resolution.

- Responsible for assessment of Provident Fund, P.Tax etc.

Budgeting/Forecasting People Cost :

- Forecasting FTE & Retail TSI Cost for AOC, & Rolling estimates based on inputs on changes to Structure / Assignments, additional approved H/C, Compensation & Vacancies from HRBPs and C&B team.

- Creation of AOC & Estimates FTE & TSI Cost file incorporating inputs from HRBPs & with monthly phasing.

- Creation of cost summary by function, cost elements & months and cost summary.

- Sharing variance analysis of FTE & Retail TSI cost with HRBPs.

Audits :

- Responsible for Payroll Audit by Global HR Services.

- Responsible for coordinating Statutory Audit with regard to Payroll.

- Responsible for providing information & getting Internal Audit done by the Global IA team.

Payroll Vendor Co-Ordination :

- Liaison with Vendor with regard to Observation & changes required in Payroll.

- Conducting Monthly & Annual review of Payroll Vendor to ensure smooth payroll processing.

- Responsible for renewing/changing contract with Vendor.

- Liaison with the Payroll Vendor for process improvement & product development.

Others :

- Coordinating Provident Fund Account Opening & transfer for new employees.

- Coordinating new account opening & transfer of NPS for new employees with Bank.

- Maintaining Payroll Records & Files for future use.

Professional/Technical Accreditations :

- CA with around 2-3 years of experience

- Strong Understanding of Income Tax, tax laws with regard to TDS, P.Tax, PF etc.

- Working Knowledge of SAP

- Expert in MS Excel / MS Word / Power-Point

Competencies :

- Should ensure accountability of Actions and should be Self-Motivated & Action Oriented.

- Collaborative - Ability to build trust & sustainable interpersonal relationships with multiple stakeholders. Able to build and maintain lasting relationships with other departments, key business partners and government agencies.

- Strong technical skills.

- Ability to work under pressure, meet deadlines and drive projects to completion.

Job Location : New Delhi

Salary : Best among the industry (Could Range around Rs.15.0-16.0 LPA)

We hope the mentioned position will be of your interest. In this regard, we request you to apply with the following details :

1. Your latest updated CV as a word attachment :

2. Your current and expected salary package :

3. Please confirm your willingness to relocate to / Work in Delhi :

4. Your current Notice Period :

Lalit Sharma
Options India Group