Lead - Payroll & Benefits Administration

About PhonePe

PhonePe Limited, headquartered in India, is a leading digital payments company with over 600 million registered users. The company processes over 330 million transactions daily and has a vast merchant network. PhonePe also deals in financial products and consumer tech businesses.

Culture

At PhonePe, we provide an environment that empowers individuals to bring their best selves. Employees own their work from day one, solve complex problems, and build impactful solutions.

Role Overview

The Lead - Payroll & Benefits Administration will manage payroll and benefits operations for over 30,000 salesforce employees. This role involves ensuring timely and accurate payroll processing, compliance with regulations, handling audits, and guiding a dedicated team.

Responsibilities

• Payroll Management: Oversee end-to-end payroll operations, ensuring data accuracy and timely disbursements.
• External Partner Management: Manage external payroll partners and enforce governance mechanisms.
• Compliance and Audits: Ensure adherence to statutory regulations, handle audits, and maintain documentation.
• Team Management: Guide and develop the team while ensuring accurate payroll validation, salary advances, exit processing, and benefits administration.
• Process Improvement: Review and refine payroll processes and standardize operating procedures.

Capabilities & Requirements

• Master's degree in Human Resources, Labour Laws, or related fields.
• 7-8 years in payroll and benefits management with managerial experience.
• Strong understanding of Indian payroll processes and tax laws (US payroll knowledge is a plus).
• Proficiency in MS Excel and experience in audit management.
• Ability to handle confidential information and improve processes effectively.

Employee Benefits

• Insurance Benefits (Medical, Critical Illness, Accidental, Life)
• Wellness Programs (Employee Assistance, Onsite Medical Center)
• Parental Support (Maternity, Paternity, Adoption Assistance, Day-care Support)
• Mobility Benefits (Relocation, Transfer, Travel)
• Retirement Benefits (PF, Gratuity, NPS, Leave Encashment)
• Other Benefits (Higher Education Assistance, Car Lease, Salary Advance Policy)

Key skills/competency

• Payroll Management
• Benefits Administration
• Compliance
• Audit Management
• Process Improvement
• Team Leadership
• MS Excel
• Regulatory Knowledge
• Documentation
• External Partner Management