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MSD Pharmaceuticals

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4.2

based on 263 Reviews

Video summary

140 MSD Pharmaceuticals Jobs

Manager - Payroll & Benefit

MSD Pharmaceuticals Private Limited

4.2

based on 263 Reviews

2-6 years

Mumbai

1 vacancy

Manager - Payroll & Benefit

MSD Pharmaceuticals

posted 3d ago

Job Role Insights

Flexible timing

Key skills for the job

Tally Project Management Operations Payroll Change Management CCTV Monitoring

+ 4 more

Job Description

Payroll & Benefits Specialist reports directly to the India Payroll Lead and is responsible for the delivery of payroll services in India. In addition s/he is responsible for directing our efforts to enhance our employer brand and employee experience through the provision of a differentiated benefits offering whilst driving the consolidation of suppliers and managing policy and jurisdictional diversity across the country in a compliant manner.

Responsibilities :-

Maintaining high standards in payroll compliance and up-to-date knowledge and understanding of laws, regulations, contracts, policies, procedures, and controls governing payroll operations in its jurisdiction

Driving organization efficiency, effectiveness and compliance with internal and external audit requirements and standards, sound fiscal practices and performance scorecard.

Consistently demonstrating companys leadership standards, clarifying how the changes will help the organization meet business goals and articulates the benefits of change. Challenges the status quo and creates an environment that adapts to rapid change. Demonstrates willingness to take calculated risks. Involves stakeholders to help implement and support change and develops strategies to deal with resistance to change. Applies systematic thinking to multiple change initiatives.

Essential Function

Time Spent %

1. Payroll Management:

Administer Payroll Data Setup and Maintenance for 2000 employees.
Administer determination of gross payment, including flexi-pay elements, one time & variable pay items governed by the local country s C&B policies
Validate source system data and consult with service provider for determination of net pay
Administer pay & respond to general questions on Executive Compensation
Coordinate with service provider to set-up inbound/outbound payroll
Administer absence management system, absenteeism reports for pay impact, T&A data governed by local country policy
Administer full & final settlement dues of ex-employees
Coordinate with service provider to administer direct taxation activities
Oversight of Payroll Processes & Administration
Develop & implement payroll strategy, policies, procedures, controls
Develop and maintain payroll applications and technology; defining payroll views and interfaces to internal systems and third parties
Administer payroll reporting, accounting & reconciliation statements with Finance
Global Mobility knowledge for taxes and Cross charge with Finance for, yearly Tax equalization for the assignees and expats.
Manage statutory external audits (including SOX, legal, etc.), internal audits (MCAAS), Labour Inspection audits & Statutory Reporting activities
Ensure availability and proper maintenance of statutory and legal documentations required for audits and serves as point of contact for auditors requirements, investigations, and meetings.
Manage payroll related historical information and proprietary data of payments and deductions
SOP Driven changes for the Process as an when the law or policies changes.
Year End Investments activity from start to end with Annexure 1 & 2 to Tally with Form 16.
Hands on experience for Handling investment cases with current year Income tax rule.

2. Benefits Administration:

Implement social security benefits programs and/or changes as governed by the country s C&B policies
Provide guidance to managers on retirement processes and benefits and respond to general questions about pension and retirement benefits
Administer defined contribution plans (recordkeeping, processing forms, filing, enrolling new hires, etc.)
Administer social security beneficiary enrolment and ongoing changes, benefits transfer and settlement processes, Answer Track and close the query for the employees.
Ensure regulatory and legal compliance of all retirement benefits plans (including audits)
PF & EPS query resolution tracking with vendor and also be part of each query to resolve on time for employees active and Ex employees.
Revert all employee query related to Flexi benefit deduction for active & inactive employees.

3. Service Delivery Management, Escalation/Improvement:

Manage all escalated service issues as a priority and with enhance future scope for the services
Resolve all issues and evaluate procedures and processes to identify opportunities to improve service moving forward
Oversee the identification and analysis of issues based on system data or other available information
Lead and prioritize the identification of opportunities for improvement and/or communication based on external market factors (including HR trends, industry, supplier market, economic factors and evolving legislation).
Develop a trusted advisor relationship with relevant client contacts through effective communication and efficiency
Serve as primary, daily contact to relevant teams on benefits administration
Ensure delivery of high-quality services and products to the business and employees/ retirees with a constant focus on value
Creates clearly defined performance parameters that are agreed upon by all parties involved
Monitors performance, provides feedback, defines or approves/disapproves change control processes, and development of suppliers
Manage suppliers to ensure high quality of service delivery
Also manages SLA definition, service level monitoring and provides operational feedback to inform supplier negotiations
Owns and manages the budget for the provision of services by relevant suppliers

4. Change Management:

Continue to lead all aspects of organizational change and actively participate in strategy development and implementation with benefits administration stakeholders and suppliers
Complete change management assessments, assess and analyze the change impact
Assist in the creation of change management strategy
Identify, analyse and prepare risk mitigation tactics
Identify and manage anticipated resistance

Skills/Knowledge Required/Preferred

Proven knowledge and understanding of the HR business model with a particular emphasis upon benefits administration.
Strong ability to acquire and process knowledge aligned to the HR portfolio. Knowledge of HR Workflows in a large delivery organization and the administration of a full range of payroll activities.
Excellent communication and influencing skills with Strong listening & comprehension skills.
Strong interpersonal skills including relationship building & maintaining.
Strong attention to detail and follow up; strong analytical skills together with developed business acumen.
Demonstrated ability to work in teams and collaborate / partner with others from across the business
Strong IT skills incl. advanced excel & PowerPoint.
A solid understanding of how people go through a change and the change process involved.
Knowledge on local tax laws, labour laws, tax structures and its impacts on the salary structure
Ability to clearly articulate messages to a variety of audiences.
Problem solving and root cause identification skills.
Able to work effectively at all levels in an organization.
Ability to maintain confidentiality, data privacy and exercise extreme discretion
Familiarity with project management approaches, tools and phases of the project lifecycle in an environment that requires an ability to work and plan effectively with minimal direction in ambiguous situations and manage the implementation of the plan

Current Employees apply HERE

Current Contingent Workers apply HERE

Search Firm Representatives Please Read Carefully

Employee Status:

Regular

Relocation:

VISA Sponsorship:

Travel Requirements:

Flexible Work Arrangements:

Hybrid

Shift:

Valid Driving License:

Hazardous Material(s):

Job Posting End Date:

03/25/2025

*A job posting is effective until 11:59:59PM on the day BEFORE the listed job posting end date. Please ensure you apply to a job posting no later than the day BEFORE the job posting end date.

Employment Type: Full Time, Permanent

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