Head - Payroll - BFSI

Duties & Responsibilities;

1. Payroll Management : Ensure accurate and timely processing of payroll for all employees. Implement and maintain payroll best practices and compliance with relevant regulations. Handle payroll-related inquiries and discrepancies.

2. Insurance Administration : Manage the company's insurance programs, including health, life, and disability insurance. Collaborate with insurance providers to negotiate terms and ensure cost-effective coverage. Process insurance claims and provide support to employees in understanding their coverage.

3. Compliance and Reporting : Stay updated on payroll and insurance regulations to ensure compliance. Prepare and submit required reports to regulatory authorities. Conduct periodic audits to ensure accuracy and compliance.

4. Employee Communication : Communicate effectively with employees regarding payroll and insurance-related matters. Conduct workshops or training sessions to educate employees on benefits and policies.

5. Payroll Vendor Management : Liaise with payroll service providers and insurance vendors. Evaluate vendor performance and negotiate contracts to optimize services and costs.