Polycab India Limited
Overview – Finance Executive Payroll & ESOP Job in Mumbai
The Finance Executive Payroll & ESOP job in Mumbai at Polycab is a strong opportunity for finance professionals specializing in payroll accounting, ESOP accounting, and record-to-report (R2R) processes. This role focuses on accurate financial reporting, general ledger (GL) reconciliation, employee cost tracking, and audit support.
If you are a Semi-Qualified CA or M.Com graduate aiming to build expertise in payroll and ESOP accounting, this Finance Executive Payroll & ESOP job in Mumbai offers excellent exposure in a structured finance environment.
Summary – Finance Executive Payroll & ESOP Job in Mumbai
- Job Title: Finance Executive – Payroll & ESOP (Record to Report)
- Company: Polycab
- Location: Mumbai, Maharashtra, India
- Department: Finance (R2R)
- Employment Type: Staff
- Qualification: Semi-Qualified CA / M.Com
- Experience Required: Payroll accounting, GL reconciliation, month-end close
- Reference Number: Not specified on official page
- Application Status: Application currently live. Suggest applying early
Job Responsibilities – Finance Executive Payroll & ESOP Job in Mumbai
In this Finance Executive Payroll & ESOP job in Mumbai, your responsibilities will include:
Payroll Accounting & Reporting
- Manage salary accounting including payroll journal entries
- Handle Full and Final (F&F) settlement accounting
- Maintain provisions and ensure control account clearances
GL Reconciliation & Workpapers
- Prepare monthly workpapers and supporting documentation
- Perform GL reconciliation with registers and financial books
ESOP Accounting & Tracking
- Maintain ESOP trackers and support valuation processes
- Handle ESOP exercise confirmations and monthly charge calculations
- Process ESOP exercise funds, allotment entries, and AP entries
Employee Cost MIS & Tracking
- Prepare MIS reports for employee cost including LAS and subsidiaries
- Track employee payables and receivables
- Maintain loan trackers, meal card balances, and conveyance records
Audit & Compliance Support
- Support internal and external audits
- Assist in budgeting and EVA reporting
- Provide perquisite data for payroll and board reporting
Reimbursement Accounting
- Manage reimbursement accounting activities
- Ensure proper documentation and compliance
Requirements – Finance Executive Payroll & ESOP Job in Mumbai
Education Requirement
- Semi-Qualified CA or M.Com
Experience Requirement
- Experience in financial accounting and reporting
- Payroll accounting and month-end closing exposure
- GL reconciliation and employee reimbursement accounting
Skill Requirement
- Strong understanding of accounting principles
- Knowledge of payroll and ESOP accounting (preferred)
- Analytical and reconciliation skills
- Advanced Excel and reporting capability
- High attention to detail and documentation accuracy
Important Dates – Finance Executive Payroll & ESOP Job in Mumbai
- Opening Date: Not specified on official career page
- Closing Date: Not specified
- Application Status: Application currently live. Suggest applying early to avoid last-minute rush
About the Company – Polycab
Polycab India Limited is one of India’s leading manufacturers of wires, cables, and fast-moving electrical goods (FMEG). With a strong domestic and international presence, Polycab is known for quality, innovation, and large-scale infrastructure solutions.
The company offers strong career growth, structured finance processes, and exposure to large-scale financial operations.
About the Role – Finance Executive Payroll & ESOP Job in Mumbai
The Finance Executive Payroll & ESOP job in Mumbai is part of the Record-to-Report (R2R) function and plays a critical role in managing payroll accounting, ESOP accounting, and employee cost reporting.
This role ensures financial accuracy, compliance, and audit readiness while working closely with HR, finance teams, and auditors. It is ideal for professionals seeking hands-on exposure in financial reporting and employee-related accounting.
Who Should Apply – Finance Executive Payroll & ESOP Job in Mumbai
You should apply for this Finance Executive Payroll & ESOP job in Mumbai if you:
- Are a Semi-Qualified CA or M.Com graduate
- Have experience in payroll accounting or GL reconciliation
- Want to build expertise in ESOP and R2R processes
- Prefer roles involving reporting, compliance, and analytics
- Are looking to grow within a reputed organization
Preparation Guide – Finance Executive Payroll & ESOP Job in Mumbai
To prepare effectively for this Finance Executive Payroll & ESOP job in Mumbai:
- Revise payroll accounting entries and provision accounting
- Understand ESOP accounting concepts and valuation basics
- Practice GL reconciliation and month-end close processes
- Strengthen knowledge of accounting standards related to employee benefits
- Prepare for audit-related questions and MIS reporting scenarios
Salary Insight – Finance Executive Payroll & ESOP Job in Mumbai
For the Finance Executive Payroll & ESOP job in Mumbai, the expected salary range is:
- ₹4 LPA – ₹8 LPA (approx.)
The final salary will depend on qualifications, experience, and domain expertise in payroll and ESOP accounting.
How to Apply – Finance Executive Payroll & ESOP Job in Mumbai
Apply directly through the official career page:
https://polycab.darwinbox.in/ms/candidatev2/main/careers/jobDetails/a69f2f5d1ef99f?from=all
Frequently Asked Questions – Finance Executive Payroll & ESOP Job in Mumbai
1. What is the primary responsibility in this role?
The role focuses on payroll accounting, ESOP accounting, GL reconciliation, and month-end financial reporting.
2. Is ESOP experience mandatory?
ESOP experience is preferred but not mandatory. Candidates with strong payroll accounting knowledge can still be considered.
3. What qualifications are required?
Candidates must be Semi-Qualified CA or M.Com graduates.
4. Is this role suitable for freshers?
This role is better suited for candidates with prior accounting or payroll experience.
5. Where is the job located?
The position is based in Mumbai, Maharashtra.
Key Takeaway – Finance Executive Payroll & ESOP Job in Mumbai
The Finance Executive Payroll & ESOP job in Mumbai at Polycab is a valuable opportunity for finance professionals aiming to specialize in payroll, ESOP accounting, and R2R processes. With strong exposure to audits, reporting, and compliance, this role can significantly accelerate your finance career.
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To apply for this job please visit polycab.darwinbox.in.
