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 3rd 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 Responsibilities Qualifications Master in Commerce or Finance 10-12 years relevant experience in Payroll operations and accounting Team management experience for minimum of 3 years. 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
