22 Sep
|
INDUSIND NIPPON LIFE INSURANCE
|
Mumbai
22 Sep
INDUSIND NIPPON LIFE INSURANCE
Mumbai
Role & responsibilities
1. Payroll and F&F; Governance & Compliance
- Perform monthly payroll verification and checker activities to ensure accuracy of salary processing.
- Conduct payroll compliance assurance including minimum wage adherence, hiring grid validations, and statutory compliance checks.
- Review and validate retiral benefit calculations including gratuity, PF and superannuation-related transactions.
- Support statutory and internal audit requirements related to employee benefits and retirement schemes.
- Review payroll inputs relating to salary revisions, promotions, transfers, recoveries, deductions and final settlements.
- Support closure of payroll queries and reconciliation activities with Payroll, HR Operations and Finance teams.
- Perform F&F; checker activities and ensure closure within timelines prescribed under the Code on Wages and company policies.
- Validate F&F; calculations including leave encashment, recoveries, gratuity and other separation payments.
- Coordination with HR Operations, Payroll and Finance teams for reconciliations and audit.
2. Compensation Administration
- Support payroll compliance checks including minimum wages, compensation structures and hiring grid adherence.
- Assist in preparation and validation of financial provisions relating to incentives, bonus, CSAR and other employee perks.
- Support compensation benchmarking exercises and compensation data management.
- Prepare and validate employee compensation and lifecycle letters including increment, promotion, transfer,
CCA and other compensation-related or other communications.
- Ensure timely and accurate issuance of employee letters and documentation.
3. Performance Management Support
- Support annual and periodic Performance Management processes including KPI collection, quality checks and system administration.
- Update the KPIs for employees in system and ensure the relevant report and dashboards are available at any time
- Support employees on KPI updation/ upload and awareness to employees on PMS and system processes
- Provide support for PMS system activities including testing, UAT and employee query resolution.
- Assist in preparation of PMS reports, dashboards and management presentations.
4. Reporting & Analytics Support
- Prepare periodic MIS and dashboards related to payroll, compensation and PMS.
- Support internal, statutory and regulatory audits by providing required data and documentation.
- Identify process improvement and automation opportunities within Compensation and Performance Management processes.
- Ensure accurate tracker and data maintenance
Preferred candidate profile
- Degree/ MBA in HR or equivalent qualification.
- 2-3 years of experience in Payroll processing, HR Operations, Compensation & Benefits or Performance Management.
- Strong analytical ability and attention to detail.
- Proficiency in MS Excel and data handling.
- Exposure to payroll processes, statutory compliance and compensation administration.
- Experience in HRMS, Payroll and PMS systems will be preferred.
- Good stakeholder management and communication skills.
📌 Assistant Manager - C&B and Performance Management (Mumbai)
🏢 INDUSIND NIPPON LIFE INSURANCE
📍 Mumbai