Senior Manager-Payroll and compliances

Job Description

Job Description :

BUSINESS: Piramal Pharma

DEPARTMENT: HR / Global Employee Experience Centre

BAND: 2

GRADE: 2B

TRAVEL: Moderate

JOB OVERVIEW:

The position will be responsible for verification, payouts, accounting and reporting of payroll and payroll compliances for all our Pharma businesses in India.

KEY STAKEHOLDERS: INTERNAL

Employees, Other work streams of GEEC team, Corporate Finance, Internal auditors, Site HR and finance teams

KEY STAKEHOLDERS: EXTERNAL

External providers for Payroll services & compliances, Statutory & Regulatory Authorities, Legal consultants, Insurance companies, External auditors, Actuary for valuation

REPORTING STRUCTURE:

This position will report to Head- GEEC

QUALIFICATION:

Masters in commerce or finance
EXPERIENCE:

Total 10 to 12 years of relevant experience in Payroll operations and accounting
Team management experience of minimum 2 to 3 years

SKILLS AND COMPETENCIES

Attention to detail and accuracy
Solid financial acumen and strong mathematical skills
Ability to maintain privacy and confidentiality
Proficiency in payroll processing and accounting in SAP
Strong planning, organizing and time management skills
High proficiency in MS Excel & PowerPoint
Strong knowledge of payroll related compliances

Payroll

Define process maps, procedures, action plans and accountability of the processes/sub-processes related to payroll, compliances
Full administration of payroll activities including accounting of all payments, Preparation of monthly fund flow statement, various schedules & GL scrutiny.
Verification of payroll/FFS register of multiple group entities and execute payouts
JV posting after releasing salary/full & final settlement payment
Monthly provision management on account of Incentives, performance pay, expenses
Execute statutory payments and 3^rd party payments related to payroll
Advance Gratuity to be claimed from HDFC life after GL reconciliation
Submission of Superannuation, Term life, EDLI claims and facilitate for timely settlement
Preparation of monthly loan/advances/salary payable/claims schedules including Bank Reconciliation.
Maintenance of various records like salary registers, paid chalan copies of all legal dues, sharing necessary information with payroll partners.
Prepare and present monthly reconciliation (budgeted v/s actuals - Cost centre wise)
Plan & conduct monthly governance meeting with payroll service provider and respective Piramal entity SPOCs

Actuarial Valuation

Quarterly valuation of retrial benefits for which correct data & other relevant information to be

provided to Actuary.

After receiving Actuarial valuation reports details analysis to be done & submit to corporate

finance for approval. After go ahead from Corporate finance entries to be passed by reversing

earlier ones.

IND19 schedules to be prepared.
MR/KMP /Disclosers to be prepared & submit to auditors on quarterly basis

Audits

Preparation of audit schedules - Like Variance data, PP movement, Preparation of MR/KMP Report , Disclosers to director reports, 17( 1 ) & 17 (2 ), 17(3) 217(2a) data
Preparation of audit input data for legal dues under prescribed format
Sharing relevant data with the statutory auditors in respect of SA & Gratuity Trust
Head-wise reconciliation of certain GLs with payroll summary
Resolution of audit queries
Passing of rectification entries where ever required
Submission of Valuation data / Draft reports / Signed reports with necessary supporting to auditors, Finance team, Headcount reports

Periodic returns

Sharing necessary data to payroll partner for filling of monthly returns
Ensuring timely filling of ETDS returns on quarterly / Yearly basis
Plan and manage Investment declaration and proof submission process
Validation of form 16 & final issuance of form 16
Filing of bonus returns and Preparation of set of - set on reports in relation of Bonus

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