Etaash Consultants
Website:
etaashconsultants.com
Job details:
Our client is a major multinational bank, part of a leading financial group, offering comprehensive financial services like corporate/retail banking, loans, investment, and digital solutions globally, known for its international presence and serving individuals, SMEs, and large corporations through branches and online platforms. It provides extensive services, from cash management and trade finance to asset management, and plays a significant role in global finance.
Purpose of the position: The profile is that of a specialist in Payroll , Compliance and HR Operation.
Location: Financial District, Bandra, Mumbai, India
Reporting: The role reports to the Head of HR Operations and Technology
Key Responsibilities:
Payroll Management:
- Manage the compensation system for both locally hired employees and expatriates.
- Manage monthly payroll processing, including providing inputs to the payroll vendor, reviewing salary sheets, and submitting accounting vouchers for approval.
- Ensure accuracy and timeliness in payroll processing and address any discrepancies.
- Assist in process improvements and automations in the area of payroll and compliance
Taxation:
- Manage taxation matters related to expatriates, including tax calculations, filings, and compliance with local taxation laws.
- Perform quarterly and annual tax validation for expatriates and prepare necessary documentation for tax filings.
- Ensure timely filing of income tax returns and maintaining records as per statutory requirements.
Audit Support:
- Support the organization in readiness for internal audits and ensure corrective actions are implemented on audit findings.
- Coordinate with internal and external auditors during audits, providing necessary documentation and information.
- Address any audit findings and implement corrective actions in collaboration with relevant departments.
Budgeting and Reporting:
- Track personnel expense budgets and forecast financial needs related to HR expenditures.
- Prepare and submit regular reports to the Head Office on payroll, budget status, and other relevant HR metrics pertaining to Payroll
- Monthly Headcount reports
Compliance Management:
Ensure compliance with statutory regulations, including but not limited to:
- Filing registrations and returns related to labor laws and HR regulations.
- Managing Provident Fund (PF) compliance, including documentation, withdrawal/transfer cases, and responding to notifications/ employee queries.
- Manage the leave and attendance system, ensuring proper record-keeping and compliance with internal policies.
RBI Compliance:
- Ensure adherence to RBI regulations regarding mandatory leave and job rotations at the branch level.
Other HR Functions:
- Collaborate with other HR team members to develop and implement HR policies and procedures.
- Stay updated on HR best practices and regulatory changes to ensure continual improvement.
Knowledge, Skills, Experience & Qualifications
Knowledge
- Core knowledge of India Payroll and Compliances - principles, policies, models, structures, and administration.
- Familiarity with HR Laws, Legal & Compliance, Data & Systems for Payroll, Compliance and HR Operations
Skills
- Strong command over MS PowerPoint and Excel
- Strong analytical, data interpretation, and problem-solving skills.
- Excellent communication & negotiation skills
- Excellent interpersonal skills
- Ability to work alone and be able to cope under strenuous situations
- Demonstrating high levels of energy in problem solving
- Detail-oriented with high integrity.
- Efficient time management
Experience
- Must have at least 8-14 years of experience in HR Operations, Payroll and Compliance
- Must have proven experience with Indian compensation & labor laws
- Must have ability to review existing HR practices to ensure compliance and adopt best practices
- Must have experience of developing relevant policies and procedures and of bringing in efficiencies and streamlining processes related to Payroll, Compliances and HR Operations
- Good experience in project management and budgeting
Qualifications
Interested? Please submit your resume and cover letter to rajesh@etaashconsultants.com for a discussion.
Click on Apply to know more.
