Job Overview
Support in ESOP administration of the Employee Stock Ownership Plan (ESOP). This role will involve handling transactions related to the allocation, exercise, and forfeiture of stock options, ensuring compliance with the company's policies, and maintaining accurate records.
KEY STAKEHOLDERS: INTERNAL
Human Resources, Employees, Compliance, Finance
KEY STAKEHOLDERS: EXTERNAL
External vendor for ESOP administration, CA, Trust Bank account
Reporting Structure
Lead – ESOP Administration & Accounting
Experience
- At least 2 years of experience in ESOP administration or related fields, preferably in a corporate environment.
- Experience working with ESOPs in a publicly listed company.
- Prior experience in a liaison role between legal, finance, HR, compliance
Skills And Competencies
- Liaising: Networking and relationship-building with external stakeholders.
- Communication: Strong written and verbal communication skills for diverse audiences.
- Technology Proficiency: Familiarity with online ESOP administration tool.
- Timeliness: Adherence to timelines as required for ESOP related transactions.
Key Roles & Responsibilities
- ESOP Allocation & Transactions:
oManage ESOP grants and vesting process and documentation.
oManage the ESOP exercise process, including the issuance of options, handling transactions, and documentation.oWork closely with internal teams to ensure smooth implementation of stock option transactions.oPrepare and maintain accurate reports related to ESOP vesting, exercise, and forfeiture.
oHelp overseas employees in documentation for PAN issuance
oHelp and liaise with Broker for opening of demat account for overseas employeesoPrepare documentation for overseas employees at the time of exercise
oAdminister and manage all activities related to the ESOP trust, including fund management and allocation of shares.
oMonitor and track ESOP-related transactions and maintain accurate records.
- Employee Communication & Support:
oServe as the point of contact for employees with questions regarding the ESOP program, including overseas employees.
oOrganize training sessions and workshops for employees to enhance their understanding of the ESOP process.oMaintain documentation and FAQs on the company’s ESOP platforms for easy access by employees.
- Liaison with Secretarial Team:
oCollaborate with the secretarial and legal team to ensure all regulatory and legal aspects of ESOP administration are met.
oCoordinate with the company secretary on share-related matters and required filings.
- Compliance and Reporting:
oEnsure adherence to all statutory requirements, including periodic filings and reporting with government agencies.
oMaintain accurate and up-to-date records of all ESOP transactions, including stock option grants, exercises, and forfeitures.oEnsure that the ESOP registry and employee stock certificates are maintained.
This position is crucial for ensuring secure and compliant operations at Piramal Pharma Limited while supporting the organization’s core values of knowledge, action, care, and impact. The incumbent will act as a key enabler for safety, vigilance, and external relationship management across designated locations.
Qualification
QUALIFICATIONS
- Bachelor's degree in Finance, Commerce, or related field. Professional certifications (such as CS, CA, or equivalent) are a plus.
About Us
In the three decades of its existence, Piramal Group has pursued a twin strategy of both organic and inorganic growth.Driven by its core values, Piramal Group steadfastly pursues inclusive growth, while adhering to ethical and values-driven practices.
Equal employment opportunity
Piramal Group is proud to be an Equal Employment Opportunity and Affirmative Action employer. We do not discriminate based upon race, ethnicity, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, genetics, or other applicable legally protected characteristics.We base our employment decisions on merit considering qualifications, skills, performance, and achievements. We endeavor to ensure that all applicants and employees receive equal opportunity in personnel matters, including recruitment, selection, training, placement, promotion, demotion, compensation and benefits, transfers, terminations, and working conditions, including reasonable accommodation for qualified individuals with disabilities as well as individuals with needs related to their religious observance or practice.
About The Team
Piramal Pharma Limited (PPL) offers a portfolio of differentiated products and services through end-to-end manufacturing capabilities across 15 global facilities and a global distribution network in over 100 countries. PPL includes Piramal Pharma Solutions (PPS), an integrated Contract Development and Manufacturing Organization; Piramal Critical Care (PCC), a Complex Hospital Generics business, and the India Consumer Healthcare business selling over-the-counter products.PPS offers end-to-end development and manufacturing solutions through a globally integrated network of facilities across the drug life cycle to innovators and generic companies. PCC’s complex hospital product portfolio includes inhalation anaesthetics, intrathecal therapies for spasticity and pain management, injectable pain and anaesthetics, injectable anti-infectives, and other therapies. The Indian Consumer Healthcare business is among the leading players in India in the self-care space, with established brands in the Indian consumer healthcare market. In addition, PPL has a joint venture with Allergan, a leader in ophthalmology in the Indian formulations market. In October 2020, the company received a growth equity investment from the Carlyle Group.
