Chief Manager Payroll And Payables PSS07793

About The Company

A leading Asset Management Company with a strong reputation for financial integrity and operational excellence. The organization operates in a dynamic, regulated environment and is committed to maintaining compliance, transparency, and efficiency across all financial processes.

Position Overview

The Chief Manager – Payroll & Payables plays a pivotal role within the Financial Control function, reporting directly to the Chief Financial Officer. The position ensures smooth management of ESOP accounting & management, reimbursement processes, and MIS reporting, while collaborating with external partners for payroll operations. This role contributes significantly to strategic decision-making through accurate financial reporting and analysis.

Key Responsibilities

• Collaborate with external payroll vendors to ensure seamless and accurate payroll processing.
• Verify and reconcile payroll data, ensuring compliance with statutory and regulatory requirements.
• Manage fund allocation for monthly payroll obligations and act as the primary contact for employee payroll queries.
• Oversee actuarial valuations for leave encashment, gratuity, and PF calculations in line with internal policies.
• Administer comprehensive ESOP accounting & administration, including grants, vesting, exercises, and separations.
• Maintain meticulous ESOP records and ensure compliance with regulatory guidelines.
• Oversee end-to-end employee reimbursement processes, ensuring adherence to company policies and timely payments.
• Prepare detailed and insightful MIS reports for senior management, including key financial metrics and trend analysis.
• Support internal and external audits by providing accurate documentation and implementing audit recommendations.
• Ensure compliance with MF and LODR regulations related to compensation disclosures.
• Drive process improvement initiatives leveraging technology, AI, and automation to enhance efficiency and accuracy.
• Collaborate cross-functionally to strengthen financial controls and support the company’s annual budgeting process.
  
  
  

• Education: B.COM / M.COM / CA Inter.
• Experience: 13–15 years of overall and relevant experience, including 5+ years in ESOP administration, reimbursement management, and financial reporting within the asset or wealth management sector.
• Leadership: Reports to the Chief Financial Officer; acts as custodian of payroll and payables processes with cross-functional influence.
• Technical Expertise: Proven expertise in coordinating with external payroll vendors; deep understanding of IT, actuarial calculations, and GST; advanced proficiency in financial software, ERP systems, and MS Excel.
• Soft Skills: Strong analytical, problem-solving, and communication skills; exceptional attention to detail; ability to manage multiple priorities; high integrity and confidentiality; proactive and improvement-oriented mindset.
  
  
  

• Strategic finance leadership role reporting directly to the CFO.
• Opportunity to shape and optimize critical financial processes across payroll, ESOPs, and reimbursements.
• High visibility within a respected Asset Management Company committed to compliance and operational excellence.
• Scope to drive automation, leverage AI, and implement best-in-class financial technologies.
• Influence strategic decision-making through accurate and insightful financial reporting.