Assistant Manager - C&B and Performance Management

Indusind Nippon Life Insurance; Mumbai; On-site; INR 600,000 - 900,000; Full time

Job summary

IndusInd Nippon Life Insurance is seeking a Payroll & Compensation Administrator to support monthly payroll verification, payroll governance, and performance management administration. The role involves ensuring compliance, processing salary revisions, and generating related reports.

The ideal candidate has 2-3 years in Payroll/HR Ops, a degree or MBA in HR, strong Excel skills, and experience with HRMS and PMS systems.

Qualifications

• 2-3 years of experience in Payroll processing, HR Operations, Compensation & Benefits or Performance Management.
• Degree/MBA in HR or equivalent qualification.
• Proficiency in MS Excel and data handling.
• Exposure to payroll processes and statutory compliance.

Responsibilities

• Perform monthly payroll verification and checker activities to ensure accuracy of salary processing.
• Support payroll compliance assurance including minimum wage adherence and statutory checks.
• Review retirement benefits calculations and related transactions.
• Support audits and reconciliation between Payroll, HR Operations and Finance.
• Prepare MIS and dashboards related to payroll, compensation and PMS.
• Assist in compensation governance, benchmarking and related communications.

Skills

Analytical ability

MS Excel

Data handling

Stakeholder management

Communication skills

Education

MBA in HR or equivalent

Tools

HRMS

Payroll systems

PMS systems

Job description

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 benefits.
• 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.