Manager - Payroll & HR Operations

About Angel one :

Angel One Limited is a Fintech company providing broking services, margin trading facility, research services, depository services, investment education and distributes third party financial products to its clients, on a mission to become the No. 1 fintech organization in India. With over 2 crore+ registered clients, we are onboarding an average of over 800k new clients every month in the current financial year.

We are working to build personalized financial journeys for our clients via a single app, powered by new-age tech, AI, Machine Learning and Data Science.

We have a flat structure, with ample opportunity to showcase your talent and a growth path for you to the very top. We are aggressively hiring for various non-tech and tech roles across India.

Join our team and experience the best of both worlds at Angel One! Check out our careers section!

Why You'll Love Working at Angel One!

• Ranked Top 25 Companies to Work in India: 🏆We're proud to be recognized as one of the best workplaces, certified for 8 consecutive years.
• Innovative Culture: 💡Ideate, innovate, and create cutting-edge fintech solutions with AI and Machine Learning.
• Be part of something huge: 🤝 Be at the Forefront of Fintech Innovation
• Bold Approach: 💪We're not just growing a customer base; we're unlocking potential, aiming to touch a billion lives. It's about more: more drive, more initiative, and a bolder way of working.

Job Title: Lead Payroll & HR Operations

Location: Mumbai

What you will do:

The Lead - Payroll & HR Operations will be responsible for overseeing payroll processing with a strong emphasis on compliance, accuracy, and efficiency. This role will ensure that all payroll activities are handled in alignment with statutory requirements and that employees receive timely, accurate pay while maintaining confidentiality and data integrity.

Key Responsibilities:

Payroll Management

• Lead the end-to-end payroll process for all employees, ensuring timely and accurate salary disbursements.
• Reconcile monthly payroll data, including earnings, deductions, bonuses, and adjustments.
• Ensure compliance with statutory requirements, including Provident Fund (PF), Employee State Insurance (ESI), Professional Tax (PT), and Income Tax (TDS) regulations.
• Coordinate with finance for payroll funding, tax reporting, and monthly reconciliations.

Statutory Compliance & Reporting

• Ensure strict adherence to payroll statutory compliance for PF, ESI, PT, TDS, Gratuity, etc., including preparation and filing of returns.
• Maintain up-to-date knowledge of labor laws and payroll regulations in India to ensure ongoing compliance.
• Prepare and submit compliance reports to regulatory authorities and internal stakeholders as required.

Employee Payroll Support

• Act as the primary point of contact for employee payroll inquiries, addressing queries related to salary, deductions, and other payroll-related matters.
• Manage payroll escalations and resolve issues promptly, maintaining a high level of employee satisfaction.

Benefits & Tax Management

• Oversee the administration of employee benefits impacting payroll, including gratuity, medical insurance deductions, and other perks.
• Manage income tax calculations and deductions, issue Form 16, and ensure accurate tax compliance for employees.
• Conduct regular audits to validate benefit-related deductions and tax calculations.

Payroll Process Optimization

• Identify and implement process improvements to enhance payroll accuracy and reduce processing times.
• Collaborate with HRIS or IT teams to integrate payroll system updates, ensuring data accuracy and seamless payroll workflows.
• Document payroll processes, policies, and best practices to maintain consistency and improve efficiency.

Data Security & Confidentiality

• Ensure all payroll data is handled with the highest levels of security and confidentiality.
• Establish internal controls to safeguard payroll records and prevent data breaches.

Who you are:

• Bachelors degree in HR, Finance, Accounting, or related field; MBA or HR certification (e.g., SHRM, CPP) is a plus.
• 5+ years of experience in payroll management within a corporate or financial services environment, preferably in broking or financial services.
• Strong expertise in payroll systems and statutory compliance in India.
• Proficiency in payroll software and HRMS; experience with systems like SAP, Oracle, or similar ERP platforms is advantageous.
• Excellent knowledge of Indian payroll regulations, tax laws, and compliance requirements.
• Strong attention to detail with an ability to handle high-volume payroll data accurately.
• Excellent communication skills for resolving payroll queries and interacting with cross-functional teams.
• High integrity and confidentiality in handling sensitive employee and payroll data.

What's in it for You?

• Empowered Growth: 🚀 We invest in your growth and empower you to explore your full potential.
• Exceptional Benefits: 🧘‍♀️ Our comprehensive benefits package includes health insurance, wellness programs, learning & development opportunities, and more.

For a deeper dive into our company culture and vision, explore our Company Deck.

At Angel One, our thriving culture is rooted in Diversity, Equity, and Inclusion (DEI).

As an Equal opportunity employer, we wholeheartedly welcome people from all backgrounds irrespective of caste, religion, gender, marital status, sexuality, disability, class or age to be part of our team.

We believe that everyone's unique experiences and viewpoints make us stronger together. Come and be a part of #OneSpace*, where your individuality is celebrated and embraced