Chief Manager – Payroll & 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.

Required Experience & Qualifications

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.

Why Consider this Opportunity?

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.