Manager - HR Finance & Compensation (2-6 yrs)

Manager - HR Finance & Compensation ||Mumbai

Job Description:

- We are seeking a highly skilled and experienced Manager - HR Finance & Compensation for one of our clients- a leading Non-Banking Financial Company (NBFC) based in Mumbai.

- As a Chartered Accountant in the HR - Payroll Department, this role is integral in ensuring financial accuracy, compliance, and cost efficiency within our payroll and compensation structures.

- The successful candidate will play a pivotal role in overseeing payroll processing, verifying financial numbers, managing manpower expenses, ensuring accuracy in incentive payouts, and providing in-depth HR compensation analytics.

Key Responsibilities:

1. Payroll Management & Compliance:

- Ensure accurate payroll processing and timely disbursement of salaries.

- Verify payroll calculations, tax deductions (TDS, PF, ESIC, etc.), and statutory compliances.

- Liaise with Finance and HR teams to resolve payroll discrepancies.

2. Expense Control & Financial Oversight:

- Monitor and control manpower-related expenses, ensuring adherence to budgets.

- Track payroll costs and analyze variances to provide cost-saving recommendations.

- Conduct regular audits to prevent payroll fraud or errors.

3. Incentive Payouts & Verification:

- Validate performance-based incentives, bonus calculations, and other variable pay components.

- Ensure adherence to incentive payout policies and approval processes.

- Identify discrepancies and recommend corrective measures.

4. HR Compensation Analytics:

- Conduct detailed compensation benchmarking and trend analysis.

- Analyze payroll data to support strategic HR decisions.

- Provide reports on salary structures, wage trends, and manpower cost efficiency.

5. Process Improvement & Automation:

- Work on automation of payroll processes to enhance efficiency.

- Implement internal controls for payroll and financial reporting accuracy.

- Collaborate with HRIS and payroll system teams for seamless data integration.

Key Skills & Competencies:

- Strong knowledge of payroll processing, taxation, and statutory compliances.

- Expertise in financial controls, audits, and expense management.

- Proficiency in HR compensation analytics and incentive payout structures.

- Excellent analytical and problem-solving skills.

- Strong collaboration and stakeholder management skills.