Lead - Payroll/HR Operations - BFSI

Lead Payroll

Location: Mumbai BKC

Experience: 10- 15 Years

Position: Lead Payroll

Function: Payroll / HR Operations

Industry: Banking / BFSI

Role Overview:

We are looking for an experienced Payroll professional to lead and manage end-to-end payroll operations for 20,000+ employees for a leading Banking/BFSI organization. The role requires strong expertise in large-scale payroll management, payroll governance, statutory compliance, payroll controls, stakeholder management and process improvement.

Key Responsibilities:

• Lead the end-to-end payroll process for a workforce of 20,000+ employees.
• Own the monthly payroll cycle from payroll inputs, validation and processing to salary disbursement.
• Oversee payroll inputs related to new joiners, exits, promotions, increments, bonuses, incentives, attendance, leave, LOP and reimbursements.
• Ensure accurate and timely salary processing and payroll closure.
• Manage Full & Final Settlement (F&F) and employee payroll-related processes.
• Ensure compliance with applicable payroll regulations including PF, ESIC, Professional Tax, TDS, LWF, Gratuity and Bonus.
• Oversee payroll reconciliations, audits, controls and variance analysis.
• Coordinate with Finance, HR, Business HR, Compliance, IT and payroll vendors.
• Manage payroll service providers and ensure adherence to defined SLAs.
• Handle senior-level payroll escalations and ensure timely resolution.
• Prepare payroll MIS, dashboards and management reports.
• Drive payroll process improvements, automation and system enhancements.
• Ensure confidentiality, accuracy and security of employee compensation and payroll data.
• Lead, develop and mentor the payroll team.

Candidate Profile:

• 10-15 years of relevant experience in Payroll / HR Operations.
• Strong experience managing large-scale payroll operations for 20,000+ employees.
• Banking / BFSI / Financial Services experience preferred.
• Strong understanding of end-to-end Indian payroll processes and statutory compliance.
• Experience in payroll audits, reconciliations, controls and governance.
• Experience managing payroll vendors and internal stakeholders.
• Strong knowledge of HRMS / Payroll platforms such as SAP, Oracle, Workday, ADP, PeopleSoft, Ramco, Darwinbox or similar systems.
• Strong analytical, problem-solving and stakeholder management skills.
• Prior experience in team leadership and managing high-volume payroll operations will be preferred.

Education:

• Graduate / Postgraduate in HR, Commerce, Finance, Accounting or a related discipline.