Payroll Manager - FMCG/Pharma

The Payroll Manager will play a pivotal role in overseeing the entire payroll function for multiple business units.

Key responsibilities will encompass:

The role necessitates a profound understanding of Indian labor laws, experience with a PF Trust and adept leadership skills to effectively oversee this critical function within the organization.

- Supervising the end-to-end payroll process to ensure precise and punctual salary disbursements.

- Calculating salaries, deductions, and incentives in accordance with Indian labor laws.

- Remaining abreast of updates in Indian tax laws and statutory obligations pertaining to payroll.

- Ensuring accurate deductions for Provident Fund (PF), Professional Tax (PT), Income Tax, and other statutory contributions.

- Generating and filing various statutory reports like PF, ESI, TDS, and others.

- Directing a team of payroll professionals, delegating responsibilities, and maintaining operational efficiency.

- Providing training and mentorship to team members on payroll procedures and compliance matters.

- Conducting regular statutory audits of payroll records to uphold accuracy and compliance standards.

- Maintaining comprehensive documentation of payroll processes, policies, and employee records.

- Leveraging payroll software for salary processing and report generation.

- Collaborating with IT and Vendor teams to enhance payroll efficiency through system upgrades and enhancements.

- Addressing employee inquiries concerning payroll, tax deductions, and financial matters.

- Collaborating with HR and Finance teams to resolve discrepancies and ensure seamless information flow.

- Enforcing company policies relating to payroll, attendance, and leave management.

- Upholding internal controls and audit guidelines.

- Coordinating with external vendors for payroll-related services, including tax consultants and payroll processing firms.

- Identifying opportunities for process enhancement and implementing best practices to streamline payroll operations.

- Staying informed about industry trends and technological advancements in payroll management.

- Generating and analyzing various payroll-related reports for management, finance, and audit purposes.

- Providing insights and recommendations based on payroll data analysis.