Chief Manager - Payroll & Payables (13-15 yrs)

Job Description:

Opening with a leading Asset Management Company for their office at Mumbai.

Role: Chief Manager Payroll & Payables.

Exp 13 to 15 years.

Education MBA Finance/ ICWA.

Roles & Responsibilities:

- The purpose of this role is to ensure smooth and efficient management of key financial processes, including ESOP accounting & management, reimbursement management and MIS reporting.

- While collaborating with external partner for payroll operations.

- This position is critical in maintaining the financial integrity, compliance and operational excellence of our company.

- The role contributes significantly to strategic decision making through accurate financial reporting and analysis for the above-mentioned cohorts of the finance function.

Custodian of Payroll Management:

- Collaborate with the external payroll vendor to ensure seamless and accurate payroll processing.

- Verify and reconcile payroll data provided by the vendor, ensuring compliance with statutory and regulatory requirements.

- Work with internal finance team on fund management for discharging monthly payroll obligations.

- Act as the primary point of contact for employee payroll queries and ensure prompt resolution of any discrepancies.

- Manage actuarial valuations for leave encashment, gratuity, and PF calculations, ensuring compliance with regulatory requirements and internal policies.

- Respond to and assist employees with payroll-related queries, including pay slips, and tax calculations.

- Act as the primary point of contact for resolving discrepancies and providing clarity.

- Manage and oversee the financial operations for the HODs with the skin in the game approach.

- Ensure adherence to financial policies, prompt resolutions of issues and alignment with organization goals.

ESOP Accounting & administration:

- Manage the comprehensive accounting and administration of the Employee Stock Option Plan (ESOP), including grants, vesting schedules, and exercises.

- Additionally, manage the process once an employee resigns from the organization.

- Maintain meticulous records and ensure compliance with regulatory guidelines.

- Work closely with internal stakeholders and external advisors to optimize ESOP processes.

Reimbursement Oversight:

- Oversee the end-to-end processing of employee reimbursements, ensuring adherence to company policies and prompt payment.

- Implement best practices to streamline and automate reimbursement workflows.

- Ensure accurate documentation and audit readiness.

MIS Reporting and Analysis:

- Prepare detailed and insightful MIS reports for senior management, providing key financial metrics (pertaining to payroll, Long term rewards and reimbursement) and trend analysis.

- Develop dashboards and data visualizations to enhance decision-making.

- Collaborate with various departments to gather relevant data and ensure the integrity of reports.

- Support the internal finance team in the company's annual budgetary process.

Compliance and Audit Support:.

- Ensure all financial operations comply with internal controls and regulatory standards.

- Support internal and external audits by providing comprehensive and accurate documentation.

- Implement audit recommendations to enhance financial processes.

- Oversee compliance with MF and LODR regulations related to salary, perquisites, and other compensation disclosures.