BUSINESS : Piramal Pharma
DEPARTMENT : HR / Global Employee Experience Centre
BAND : GRADE : B
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 to years of relevant experience in Payroll operations and accounting
- Team management experience of minimum to years
SKILLS AND COMPETENCIES
Attention to detail and accuracySolid financial acumen and strong mathematical skillsAbility to maintain privacy and confidentialityProficiency in payroll processing and accounting in SAPStrong planning, organizing and time management skillsHigh proficiency in MS Excel & PowerPointStrong knowledge of payroll related compliancesPayroll
Define process maps, procedures, action plans and accountability of the processes / sub-processes related to payroll, compliancesFull 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 payoutsJV posting after releasing salary / full & final settlement paymentMonthly provision management on account of Incentives, performance pay, expensesExecute statutory payments and rd party payments related to payrollAdvance Gratuity to be claimed from HDFC life after GL reconciliationSubmission of Superannuation, Term life, EDLI claims and facilitate for timely settlementPreparation 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 SPOCsActuarial Valuation
Quarterly valuation of retrial benefits for which correct data & other relevant information to beprovided to Actuary.
After receiving Actuarial valuation reports details analysis to be done & submit to corporatefinance for approval. After go ahead from Corporate finance entries to be passed by reversing
earlier ones.
IND schedules to be prepared.MR / KMP / Disclosers to be prepared & submit to auditors on quarterly basisAudits
Preparation of audit schedules – Like Variance data, PP movement, Preparation of MR / KMP Report , Disclosers to director reports, ( ) & ( ), () (a) dataPreparation of audit input data for legal dues under prescribed formatSharing relevant data with the statutory auditors in respect of SA & Gratuity TrustHead-wise reconciliation of certain GLs with payroll summaryResolution of audit queriesPassing of rectification entries where ever requiredSubmission of Valuation data / Draft reports / Signed reports with necessary supporting to auditors, Finance team, Headcount reportsPeriodic returns
Sharing necessary data to payroll partner for filling of monthly returnsEnsuring timely filling of ETDS returns on quarterly / Yearly basisPlan and manage Investment declaration and proof submission processValidation of form & final issuance of formFiling of bonus returns and Preparation of set of – set on reports in relation of Bonus