Deputy Manager| HR Payroll Operations

We are M&G Global Services Private Limited (formerly known as 10FA India Private Limited, and prior to that Prudential Global Services Private Limited). We are a fully owned subsidiary of the M&G plc group of companies, operating as a Global Capability Centre providing a range of value adding services to the Group since 2003. The company has rapidly transformed itself into a powerhouse of capability that is playing an important role in M&G plc’s ambition to be the best loved and most successful savings and investments company in the world.

Our diversified service offerings extending from Digital Services (Digital Engineering, AI, Advanced Analytics, RPA, and BI & Insights), Business Transformation, Management Consulting & Strategy, Finance, Actuarial, Quants, Research, Information Technology, Customer Service, Risk & Compliance and Audit provide our people with exciting career growth opportunities.

Payroll Management
• End to End salary processing ( within TAT)
• Making payroll adjustment files
• Collating additional pay data from business
• Collection new joinee s information (Compensation / Bank/ Pan / other details
• Validation of Edit and final payroll input vs output
• Performing quality check on salary register
• Preparation of Bank upload file and draft letters
• Ensure salary processed and credited within the TAT.
• E-payslip upload in system after salary credit – monthly
• Tax forecast / perk upload in system on monthly basis
• Resolving employee queries related to salary pay-out.
• Validating monthly register and filing quarterly TDS return
• Performing annual investment proof / declaration activity

Managing employee reimbursement
• Ensure employee reimbursement claims are processed twice in month
• Any rejection should be informed to employee with reasons on rejection.
• Bank uploads file and approvals.
• Resolving employee queries related to reimbursement pay-out.
• Collecting reimbursement option from employees
• Preparation of revised salary structure and letter after considering flexi option
• Yearend reconciliation with paid and balance

Full and Final settlement calculation
• Ensure F&F is processed after system termination
• Preparation of F&F input, validation of output
• F&F working is checked and approved
• Prepare relieving and experience letters or recovery letter
• Ensuring gratuity payment within TAT

Statutory Compliance
• Coordinating/liaising with the appointed statutory compliance vendor to ensure Prudential Global Service complies with all the applicable labour laws and acts.
• Obtaining of licenses and registration required under labour laws- via the compliance vendor.
• Filling Periodical challans, returns under various labour laws- via the compliance vendor.
• Maintaining of various registers as prescribed under the applicable labour laws.
• PF, Professional Tax, MLWF and ESIC

- Processing PF transfer in, Transfer Out and Withdrawal request.
• Monthly, Quarterly and Annual returns.
• Processing & depositing PF, ESIC , MLWF & Profession Tax monthly payout with in statutory timelines.
• Handling inspection .
• Handling PF queries and employee request.

Employee Benefits
• Liaising with the brokers, rolling out RFP, comparison of premium data collected
• Negotiation with broker for L1 quotes
• Co-ordinate with sourcing team for smooth renewal process
• Ensure renewal of Benefits Policy pertaining to Group Mediclaim policy, Group Personal Accident Policy & Group Term Life Policy on time
• Administration of benefits plan to ensure highest end to end service is provided to all the Colleagues.

We live by four behaviours at M&G Global Services and we ask all our employees to:
• Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
• Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
• Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
• Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things