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
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
About Company
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.
Company
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.
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