Job Description

Assistant Manager- Payroll

Job highlights
Experience in payroll management and statutory compliance

Manage India payroll, ensure timely salary credit, handle F&F settlements, and conduct payroll audits
Job match score

Early Applicant

Key Skills

Location

Work Experience

10 – 14 Years

1 Vacancy

Not disclosed

Mumbai (All Areas)(Andheri East)
Key skills
Payroll Management,Payroll Processing
Job description
What you’ll do
This position will manage India Payroll which includes Statutory compliance, Income Tax Management, F&F Settlements, Payroll Audit.

Payroll Management:

Monitor and observe overall payroll process and ensure timely and accurate salary credit.
Effective Payroll Input management and its use for Payroll process to process Zero Error payroll.
Validate and consider reimbursement claim for India payroll.
Validation of salary register before final payroll process and post to FICO module.
Bank Account reconciliation and recording of fallout payment.
Preparation of timely Payroll MIS on a monthly Basis.

Employee F&F Settlement:

Responsible for F&F Settlement and providing forecast for F&F settlement before exits.
Track F&F settlement status and intimation to BU’s for timely closures of F&F settlements.
Preparation of F&F Settlement MIS and intimation to Bu’s and HRSS team for F&F dues recovery.

Statutory Compliance

Ensure correct mapping of statutory deduction in the system and deduct accurately through salary.
Ensure payments of statutory dues to be on time to Govt. Authority
Monitor NPS enrolment, salary revision and its deposit on monthly basis.

Income Tax Management

Pan card validation and updates on the system
Validate Income tax declaration and updates in the system.
Validate Income tax deduction through salary and deposits within due date.
Annual Income Tax proof validation and consider for Final Tax deduction.
Quarterly and annual Income tax return filing on Income Tax portal
Handle Income Tax related queries
Reply to Notice of income tax dept.

Manage Payroll Audit

Conduct sample payroll Audit on Monthly Basis to ensure that all payroll process has been followed strictly and accurately.
Reconciliation of all Statutory payments and clearing of all Payroll related GL accounts on monthly basis
Reconciliation of salary payable GL and clearing of salary payable GL account on Monthly Basis
Support Payroll and HR Audit by providing required details and documents on quarterly and annual basis.
Coordinate with All Stakeholder for Audit responses.
Answer Payroll & HR Audit queries and prepare response to Audit report.

Other Payroll Activities

Prepare Managerial remuneration and KPI reports under Sect 197
Collect, Reconcile, and provide Leave Balance to Audit team on quarterly basis for Actuarial valuation.
Superannuation & Gratuity Trust Management
Industry type
Pharmaceutical & Life Sciences
Department
Finance & Accounting
Role
Payroll Manager
Role category
Payroll & Transactions
Employment type
Full Time, Permanent
Education
, Any Postgraduate
About company

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Glenmark Pharmaceuticals Limited [Glenmark] is an India-based growing pharmaceutical company headquartered at Mumbai [formerly, Bombay]. Incorporated in 1977, the Company is focused on the manufacture and marketing of formulation products and active pharmaceutical ingredients [API] in India as well as globally and enjoys a diversified and growing presence in regulated and developing international markets. Over the past five years, the Company has also catalysed its growth through investment in dedicated research and development including cutting-edge New Chemical Entity [NCE] research.
Headquarters
GLENMARK PHARMACEUTICALS LTD,,GLENMARK HOUSE,B D S, MUMBAI, Maharashtra, India