Global Payroll Specialist

2 weeks ago

Bengaluru, Karnataka, India PhonePe Full time

About PhonePe Group:

PhonePe is a leading digital payments company in India with 50 crore registered users and 3.7 crore merchants covering over 99% of the postal codes across the country. The company has expanded into financial services, including insurance, mutual funds, stock broking, and lending, as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store, India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian equal opportunities to accelerate their progress by unlocking the flow of money and access to services.

Culture

At PhonePe, we empower people to own and execute their work seamlessly. We trust and support our employees to create the right environment for success. The company encourages enthusiasm for technology and values ideation, execution, and purposeful speed. If you like building technology that impacts millions, join us to ideate and execute on your dreams.

About: PhonePe leads in UPI-based payments in India with a market share of over 47%. Our goal is to make payments easy, safe, and universally accepted, eliminating the need for cash or cards. We see ourselves facilitating a mobile revolution in India, changing the way people manage their money on the go. PhonePe has forayed into diverse areas, offering services in almost all fintech segments, including insurance, lending, mutual funds, and stock broking. In 2024, PhonePe launched Indus AppStore, its own native Android-based mobile app store providing app discovery and content in 12 Indian languages.

Job Objective:

We are seeking an experienced Global Payroll Manager to join our HR Operations team. The Global Payroll Manager will be responsible for identifying potential local payroll and compliance partners in overseas locations where PhonePe expands its business. The incumbent will evaluate potential partners based on various factors and present the final choice to the management.

Responsibilities:

Setting-up Global Payroll and Compliance Partnerships:

  1. Research and identify potential local payroll and compliance partners in overseas locations where PhonePe wishes to expand its footprints.
  2. Evaluate potential partners based on criteria such as expertise, reliability, compliance with local regulations, and cost-effectiveness.
  3. Develop a comprehensive understanding of payroll and compliance requirements in each country of operation.
  4. Collaborate with internal stakeholders, including the Finance, Legal, Compliance (Anti-Corruption), Procurement, and Business teams, to gather requirements and assess partner suitability.
  5. Conduct due diligence on potential partners, including reviewing their track record, client references, and financial stability.
  6. Negotiate contracts and service agreements with selected partners, ensuring terms and conditions meet the company's needs and standards.
  7. Present recommendations and findings for approval and selection of partner.
  8. Oversee the onboarding process for selected partners, ensuring smooth integration with existing payroll systems and processes.
  9. Provide ongoing support and guidance to local payroll partners, monitoring performance and addressing any issues or concerns that may arise.
  10. Stay abreast of changes in global payroll regulations and best practices, recommending adjustments to payroll processes and partnerships as needed.
  11. Validate the monthly/periodic invoices and ensure the payment to the partners.

Managing Global Payroll and Compliance:

  1. Work hand in hand with appointed local partners to accurately manage the monthly payroll.
  2. Ensure compliance with local labor laws and regulations with help from the local partners.
  3. Reconcile payroll reports, including salary changes, taxes, and deductions as per the local standards.
  4. Address payroll, benefits, and tax-related queries from employees in the respective overseas location.
  5. Act as a subject matter expert on global payroll matters, providing guidance and support to internal stakeholders as required.

Capabilities & Requirements:

  • Bachelor's degree in Human Resources, Business Administration, Finance, or a related field. Master's degree preferred.
  • 8-10 years of progressive experience in global payroll management or related roles, with a proven track record of success. US payroll experience is mandatory.
  • In-depth knowledge of global payroll regulations, compliance requirements, and best practices.
  • Experience in identifying and selecting payroll and compliance partners in multiple countries.
  • Strong negotiation, communication, and relationship-building skills.
  • Excellent analytical and problem-solving abilities.
  • Drive for results, strong bias for action, problem-solving, and ownership.

PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles):

  • Insurance Benefits: Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
  • Wellness Program: Employee Assistance Program, Onsite Medical Center, Emergency Support System
  • Parental Support: Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
  • Mobility Benefits: Relocation benefits, Transfer Support Policy, Travel Policy
  • Retirement Benefits: Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
  • Other Benefits: Higher Education Assistance, Car Lease, Salary Advance Policy

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