Job Title

Job DescriptionOpening with a leading Asset Management Company for their office at MumbaiRole: Chief Manager - Payroll & PayablesExp 13 to 15 years Education MBA Finance/ ICWA Roles & Responsibilities:The purpose of this role is to ensure smooth and efficient management of key financial processes, including ESOP accounting & management, reimbursement management and MIS reporting. While collaborating with external partner for payroll operations. This position is critical in maintaining the financial integrity, compliance and operational excellence of our company. The role contributes significantly to strategic decision making through accurate financial reporting and analysis for the above-mentioned cohorts of the finance function.1. Custodian of Payroll Management:Collaborate with the external payroll vendor to ensure seamless and accurate payroll processing. Verify and reconcile payroll data provided by the vendor, ensuring compliance with statutory and regulatory requirements. Work with internal finance team on fund management for discharging monthly payroll obligations. Act as the primary point of contact for employee payroll queries and ensure prompt resolution of any discrepancies. Manage actuarial valuations for leave encashment, gratuity, and PF calculations, ensuring compliance with regulatory requirements and internal policies. Respond to and assist employees with payroll-related queries, including pay slips, and tax calculations. Act as the primary point of contact for resolving discrepancies and providing clarity. Manage and oversee the financial operations for the HODs with the skin in the game approach. Ensure adherence to financial policies, prompt resolutions of issues and alignment with organization goals. 2. ESOP Accounting & administration:Manage the comprehensive accounting and administration of the Employee Stock Option Plan (ESOP), including grants, vesting schedules, and exercises. Additionally, manage the process once an employee resigns from the organization. Maintain meticulous records and ensure compliance with regulatory guidelines. Work closely with internal stakeholders and external advisors to optimize ESOP processes. 3. Reimbursement Oversight:Oversee the end-to-end processing of employee reimbursements, ensuring adherence to company policies and prompt payment. Implement best practices to streamline and automate reimbursement workflows. Ensure accurate documentation and audit readiness. 4. MIS Reporting and Analysis:Prepare detailed and insightful MIS reports for senior management, providing key financial metrics (pertaining to payroll, Long term rewards and reimbursement) and trend analysis. Develop dashboards and data visualizations to enhance decision-making. Collaborate with various departments to gather relevant data and ensure the integrity of reports. Support the internal finance team in the company's annual budgetary process. 5. Compliance and Audit Support:Ensure all financial operations comply with internal controls and regulatory standards. Support internal and external audits by providing comprehensive and accurate documentation. Implement audit recommendations to enhance financial processes. Oversee compliance with MF and LODR regulations related to salary, perquisites, and other compensation disclosures.