Bajaj Allianz General Insurance Hiring for Lead – Payroll & BGV at Kumardungi, Jharkhand, India

• PRINCIPAL ACCOUNTABILITIES

(Accountabilities associated with the job)

• Attendance & Leave Management
• Monitor and manage capture of attendance and leave data on the HRMS system
• Review of attendance and arrears data before plugging it into payroll data
• Manage queries related to attendance pre and post pay release
• Address queries and escalations when and if needed
• Translate the revised leave and attendance policy into system changes on the HRMS platform
• Payroll
• Manage and implement the monthly payroll cycle seamlessly without errors
• Examine attendance data and all other data points on Net Pay before final payment of salary
• Ensure correct disbursement of salary along with CCA, Joining bonus, incentive, GMC, DA, recovery and refund, and any other applicable payment to the employee
• Co-ordinate with payroll team in finance for creating the employee master consolidating the above data points
• Review the employee master with salary details
• Post salary payment address any queries and doubts of employees
• Review cost allocation data and share the same with Payroll team
• Update employee payroll data with new joinee data for PF enrollment
• Provide inputs to process salary advance, leave encashment and any additional payouts monthly
• Responsible for driving the yearly activity of executing increments and bonus payouts to all employees
• Work with the SF team on automation requirements with respect to payroll
• Employee Full & Final & BVG process management
• Manage and Monitor employee full & final process to ensure the process is adhered to and TATs are being met
• Chase for requisite documents to complete the F&F process from the employees
• Work on SF to implement the new process and bring efficiency
• Monitor and review external vendor to perform the BVG process
• Follow up on due cases and coordinate with ZERs to furbish the missing documents
• Team Management
• Participate in recruitment process to identify the right talent for various positions within the department
• Establish individual performance expectations and evaluation metrics, and regularly review individual performance
• Assist team to address any escalation or resolution of queries
• MAJOR CHALLENGES

(Challenges faced on an on-going basis in carrying out the job)

• Attendance related query management due to new process implementation on SF
• Dependency on people for closing or maintaining TAT on F&F
• Dependency on others for ensuring data availability within time for Payroll