Manager - Payroll

Our client is a leading and listed large Indian transnational pharmaceutical company based in Mumbai. With a global revenue exceeding1.5Bn USD, our client has presence in 80 odd countries around the world.

Our client seeks Payroll Manager to be based in their HQ in Mumbai. This position will manage India Payroll which includes Statutory compliance, F&F Settlements, Payroll Audit for 12,000 plus employees. This position reports to the GM Payroll and is I/C role.

Responsibilities:

Payroll Management:

- Monitor and Observe Overall Payroll process and ensure timely and accurate salary credit

- Effective Payroll Input management and its use for Payroll process to process Zero Error payroll

- Validate and consider Reimbursement claim for India payroll

- Validation of salary register before final payroll process and post to FICO module

- Bank Account Reconciliation and recording of fallout payment

- Prepare Payroll MIS on monthly Basis and submit to the Management

Employee F&F Settlement:

- Responsible for F&F Settlement and providing forecast for F&F settlement before the exit

- Track F&F settlement status and intimate to BU's for fast closing of F&F settlements

- Prepare F&F Settlement MIS and intimate Bu's and HRSS team for F&F dues recovery

Statutory Compliance:

- Ensure correct mapping of statutory deduction in the system and deduct accurately through salary

- Ensure payments of statutory dues to be on time to Govt. Authority

- Monitor NPS enrolment, salary revision and its deposit on monthly basis

Manage Payroll Audit:

- Conduct sample payroll Audit on Monthly Basis to ensure that all payroll process has been followed strictly and accurately Reconciliation of all Statutory pay Reconciliation of all Statutory payments and clearing of all Payroll related GL accounts on monthly basis

- Reconciliation of salary payable GL and clearing of salary payable GL account on Monthly Basis

- Support Payroll and HR Audit by providing required details and documents on quarterly and annual basis

- Coordinate with All Stakeholder for Audit response

- Answer Payroll & HR Audit queries and prepare response to Audit report

Other Payroll Activities:

- Prepare Managerial remuneration and KPI reports under Sect 197

- Collect, Reconcile and provide Leave Balance to Audit team on quarterly basis for Actuarial valuation Superannuation & Gratuity.

Educational Qualifications: B. Com/ M. Com, MBA

Experience: 10+ Year's

Knowledge and Skills (Functional / Technical): SAP HR & Payroll Module, Income Tax, Advance Excel, Power Point