Vice President - Payroll & Benefits - BFSI

We are hiring for a leading financial institution based in Mumbai.

Role Description:

Process payroll for hourly, salaried, and temporary employees; including reviewing and importing hours from time and attendance system, entering tax and direct deposit information, administering regulatory requirements, e.g., garnishments, tax levies, and support orders, and other adjustments to pay as necessary.

- Must have exposure to unionised staff

- Implement and maintain payroll best practices to improve efficiency and consult with human resources team to improve payroll and HRIS processes.

- Evaluate and implement payroll / HRIS systems upgrades and changes.

- Prepare quarterly tax credit reports and submit to the third-party vendor.

- Respond to all unemployment claims in a timely manner.

- Maintain employee records in payroll/HRIS systems.

- Administer the time and attendance policy and paid leave policy for all employees.

- Produces scheduled and ad-hoc reports pertaining to payroll and human resources requirements.

- Administer all employee benefit programs including enrollments and terminations.

- Coordinates and conducts the new employee onboarding process and presents benefits presentations to ensure employees gain an understanding of benefit plans and enrollment provisions.

- Fulfills all governmental regulatory mandates and ensures filings are performed as required.

- Plans and administers annual open enrollment period. This includes preparation (or revision) and distribution of materials, conducting meetings to communicate changes to employees, arranging for on-site representation by providers, and processing changes within deadlines.

- Must have exposure to unionised staff