About PhonePe Group:
PhonePe is India’s leading digital payments company with 50 crore (500 Million) registered users and 3.7 crore (37 Million) merchants covering over 99% of the postal codes across India. On the back of its leadership in digital payments, PhonePe has expanded into financial services (Insurance, Mutual Funds, Stock Broking, and Lending) as well as adjacent tech-enabled businesses such as Pincode for hyperlocal shopping and Indus App Store which is India's first localized App Store. The PhonePe Group is a portfolio of businesses aligned with the company's vision to offer every Indian an equal opportunity to accelerate their progress by unlocking the flow of money and access to services.
Culture
At PhonePe, we take extra care to make sure you give your best at work, Everyday! And creating the right environment for you is just one of the things we do. We empower people and trust them to do the right thing. Here, you own your work from start to finish, right from day one. Being enthusiastic about tech is a big part of being at PhonePe. If you like building technology that impacts millions, ideating with some of the best minds in the country and executing on your dreams with purpose and speed, join us!
About PhonePe:
PhonePe is a payments App, built by Indians! We aim to offer every Indian equal opportunity to
accelerate their progress by unlocking the flow of money and access to services. We believe India is
at the cusp of a new mobile revolution, which will change the way we manage our money on the go.
We see ourselves facilitating this change, through technology and dogged customer centricity.
PhonePe started in 2015, and crossed 6+ bn transactions on its platform having 600 mn registered
users and 40 mn merchants.
Role Objective
Seeking a proactive and detail-oriented professional payroll specialist to join our HR team in
Bangalore. The role will report into the Lead - Payroll and Benefits Administration and will be
responsible for managing the end to end payroll processing for 12,000+ employees ensuring
seamless employee experience.
Key Responsibilities:
A. Payroll Administration
● Manage end-to-end payroll processing for all Phonepe entities for ensuring accurate and
timely payment of salaries in compliance with local regulations and company policies.
● Review and update salary structure components as per the change requirements.
● Collaborate with internal teams and external partners to collate and process payroll inputs.
● Oversee the Payroll Portal for timely publishing of payroll slips, related documents for the
employees. TDS sheets, Form 16, and loan deduction slips.
● Manage investment declaration and proof collection processes, including communication,
validation, and TDS recalculations.
● Coordinate with the payroll partner and payroll audit partner for timely deliverables and
completion of the various payroll deliverables and reports.
● Prepare and upload the payroll related employee letters as required.
● Resolve payroll related tickets from employees ensuring timely resolution.
● Investigate and resolve payroll discrepancies, audit queries, tax notices and related issues as
required.
● Take care of other related processes like salary advance, data for actuarial valuation of the
liabilities, etc.
B. Payroll and Audit Compliance
● Ensure adherence to statutory deductions and remittances. Coordinate with Finance for
fund disbursement and challan payments.
● Monitor compliance deadlines for filings and returns. Liaise with internal or external teams
for the same as required.
● Maintain up-to-date knowledge payroll and taxation related laws and regulations.
● Handle audits and inspections from statutory authorities.
● Liaise with external payroll service providers, advisors, and legal counsel to ensure
compliance and resolve complex payroll matters.
● Ensuring complete documentation and audit trails for audit readiness.
C. Vendor Coordination:
● Ensure timely deliveries of various outputs and reports from the vendor partners as per the
agreed timelines.
● Track vendor SLA adherence and escalate any delays or inaccuracies.
● Coordinating with PhonePe internal teams for timely release of PR/PO and payout of Vendor
Invoices.
D. Process Documentation, Process Improvement and Reporting
● Develop and update SOPs, Checklists, Trackers, Dashboards, etc. for payroll processes and
related compliances.
● Identify opportunities for workflow automation, accuracy improvements, and turnaround
time reduction.
● Collaborate with cross-functional teams to align and reconcile payroll records with other HR,
finance, and compliance processes.
● Support the HR team members with other HR related activities.
Capabilities & Requirements:
● Master’s degree in HR, Commerce, Business Administration, or a related field.
● 3–5 years of experience in end-to-end payroll processing and payroll compliances.
● Strong understanding of Indian payroll laws and statutory deductions. Exposure to US
payroll is a plus.
● Strong analytical skills, attention to detail, and process orientation. Proficiency in MS Excel
● Excellent stakeholder communication
PhonePe Full Time Employee Benefits (Not applicable for Intern or Contract Roles)
- Insurance Benefits - Medical Insurance, Critical Illness Insurance, Accidental Insurance, Life Insurance
- Wellness Program - Employee Assistance Program, Onsite Medical Center, Emergency Support System
- Parental Support - Maternity Benefit, Paternity Benefit Program, Adoption Assistance Program, Day-care Support Program
- Mobility Benefits - Relocation benefits, Transfer Support Policy, Travel Policy
- Retirement Benefits - Employee PF Contribution, Flexible PF Contribution, Gratuity, NPS, Leave Encashment
- Other Benefits - Higher Education Assistance, Car Lease, Salary Advance Policy
Working at PhonePe is a rewarding experience! Great people, a work environment that thrives on creativity, the opportunity to take on roles beyond a defined job description are just some of the reasons you should work with us. Read more about PhonePe on our blog.
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