Executive Payroll Overseas(UAE, Qatar & Oman)
Descon Engineering Limited
Total years of experience :20 years, 8 Months
• Built collaborative rapport with External Auditors regarding their data, reports, queries, and other requirements and coordinated with SAP HCM - Consultant regarding payroll calculation and master data issues and process change.
• Created possible scenarios at SAP Quality Server for which Core Users have raised tickets, related to HCM - Payroll issues, delivered sterling support core users regarding GL assignment to payroll related wage types and its behavior.
• Exercised a hands-on approach to manage Accruals Payable (Gratuity, PF, PASI, Annual Leaves, Air Tickets, & Salary Payable) re-conciliation with GL. Prepared Work Instruction Document (Check List) for payroll execution.
• Rendered keen eye for details to carry-out company’s payroll calculations (management & Labor) compliance with different countries labor laws & fulfill respective statuary requirements.
• Identified process improvement initiatives and defined standards for new processes for optimization, conducted payroll Analysis reports of Manpower and OT/SOT, generated monthly Payroll trend analysis reports.
• An integral part of internal and external audit activities and strengthened the audit process by providing industry experience
• Developed Monthly Salary Bills and ensure Accrual of Employee Benefits (Leave, Air Ticket, and Gratuity) as per company standard, also prepared and verified Final Settlement (ESB) according to Labor Laws.
• Updated all profiles of Temporary / Contracts/Permanent Staff; processed, uploaded and verified Attendance from time office in the payroll system and ensured payroll preparation as per company financial control manual.
• Recorded and ensured deduction of Advances (Salary/Expenses/Travel); prepared and processes payroll according to a defined standard of EWPS as well as upload SIF/EWPS files to bank site as per defined standard.
• Exercised a hands-on approach to manage Accruals Payable (Gratuity, PF, PASI, Annual Leaves, Air Tickets, & Salary Payable) re-conciliation with GL. Prepared Work Instruction Document (Check List) for payroll execution.
• Rendered keen eye for details to carry-out company’s payroll calculations (management & Labor) compliance with different countries labor laws & fulfill respective statuary requirements.
• Identified process improvement initiatives and defined standards for new processes for optimization, conducted payroll Analysis reports of Manpower and OT/SOT, generated monthly Payroll trend analysis reports.
• An integral part of internal and external audit activities and strengthened the audit process by providing industry experience
• Developed Monthly Salary Bills and ensure Accrual of Employee Benefits (Leave, Air Ticket, and Gratuity) as per company standard, also prepared and verified Final Settlement (ESB) according to Labor Laws.
• Updated all profiles of Temporary / Contracts/Permanent Staff; processed, uploaded and verified Attendance from time office in the payroll system and ensured payroll preparation as per company financial control manual.
• Recorded and ensured deduction of Advances (Salary/Expenses/Travel); prepared and processes payroll according to a defined standard of EWPS as well as upload SIF/EWPS files to bank site as per defined standard.
• Supervises all Accounting Activities related to the Project, recorded accounting transactions in General Ledger.
• Analyzed Revenue and Expenditure of the Project and generated various project cost Reports and Analytical Studies.
• Arranged funds and monitor cash flow position for project and short /long term loans with banks and invoice discounting.
• Gathered and analyzed key data to generate management reports as required according to the prescribed schedule.
• Consolidated Project accounting manual in accordance with the accounting system and ensure continuous improvement and feedback in the accounting manual for smooth and effective implementation of financial systems used as Standard Operating Procedures with the help of Project Management System Dept.
• Defined numerous verticals to ensure the booking and reporting of costs as per the company standards with a chart of accounts and in reporting formats that enable the consolidation and ready comparison at the corporate level.
• Initiated and devised corrective measures with respect to Accounts Payable in order to maintain healthy cash flows, ensured proper recording of the Cost to the relevant cost centers along with all essential supporting documents.
• Produced and communicated aging reports & Cash flow for ensuring vendor's payments as per payment terms, ensuring an effective follow-up for advances paid to vendors and reconciliation of supplier’s accounts.
• Take active part in Internal as well as External Audit.
• Finalize for posting of closing entries (Accruals, CWIP, Depreciation & Amortization, Inter-Project cost, impairment of Fixed Assets & trade Receivables. etc.).
• Vendor and Client Reconciliations.
• Agents accounts reconciliation and MIS reports for management, ensuring correct calculation of commission.
• Managing payroll of the company and ensuring accurate calculation of taxation of all employees, deduction from salary, depositing to the Tax authorities, other deduction related to salaries (advances, loans &EOSB), arranging cheques of salaries, calculation of final settlements of employees, Filing monthly tax returns, calculation and arrangement of annual bonus payment, arranging payments of leave encashment according to company policies and procedures, calculation of EOSB of employees as per company policies.
• Preparing inter-Co reconciliations of company, and arranging documentation and ensure recording of reconciling items in all companies on periodic basis
• Responsible for submitting vendor withholding taxes of suppliers and arranging payment of taxes, keeping record of exemption certificates of all vendors, submitting monthly returns relating to withholdingtax, Preparing MIS reports on withholding taxes for management review
• Assisting and preparing reports to support the answers of tax notices and tax audits, preparing reports and providing data according to the needs of noticeson time to the concerned authorities
• Calculation and arrangement of annual bonus payment, keeping records and arranging payments of leave encashmentaccording to company policies and procedures
• Planning and participating in stock counts and reconciliation of physical stock.
Prepare and finalize Monthly as well as annually Payable accounts.
Preparation and maintenance of complete Bank records and Reconciliation.
Preparing payment Advices, Cash & Bank Payment Vouchers.
Posting Payment Advices / Vouchers in Sub-Ledger.
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