K V UMASHANKAR PRASAD

PAYROLL MANAGER

MW High Tech Projects India Pvt Ltd

August 2012 to December 2016

? Managing the entire gamut of operations across payroll, statutory compliances, performance management, delivery management, taxation ,HR Shared Services and training
? Formulating payroll budget, recording journal entries, performing bank and GL reconciliations
? Administering payroll processing function involving computation of salaries, attendance, leave, fixed & variable entitlements and filing of Income Tax, PF, TDS and other statutory returns
? Developing and maintaining documentation, pay-slips & controls for all payroll related activities and attaining approvals on consolidated salary advice
? Studying and incorporating the statutory changes affecting the payroll operations into the system
? Member for establishing process for Job Evaluation, Grading, Salary Compensation package.
? Ensuring the accuracy across employee salary rate, payments & deductions and compliance with taxation, statutory regulations and requirements
? Generating financial records and MIS reports and resolving the payroll enquiries of employees
? Preventing unauthorized access to payroll, capturing the payroll transactions accurately in accounting system and processing the FnF of employees
? Complying with the statutory dues and compliances pertaining to payroll i.e., TDS, Professional Tax, PF/Pension and so on
? PAN India representive for implementation of HR & Payroll Shared services in SAP
? Working as administrator for:
o EPFO Portal Management pertaining to KYC, UAN, OTCP, Claims
o ESIC Portal Management
o Lisoning with Statutory departments.

Assistant Manager, Payroll

Leighton India

October 2007 to July 2012

? Establishment and integration of various project sites for centralized payroll department at corporate office, Delhi.
? Streamline and effective implementation of accounting system for Payroll cost.
? To ensure that only valid employees are paid at the correct and authorized rate;
? To ensure that the calculations of all payments and deductions are correct and in accord with the relevant taxation and other regulations and requirements;
? To ensure that all deductions are correctly calculated and accounted;
? To ensure that unauthorized access to the payroll system and data is prevented.
? To ensure that all payroll transactions are accurately reflected in the accounting system.
? To ensure that regular and accurate management and statutory information is produced.
? To ensure that company is following all statutory laws and regulations.
? Taking effective role in managing human resources working under me at various projects for better team management.

Senior Executive

Exl Service.Com (I) Pvt. Ltd

July 2005 to September 2007

? Team member in implementation Process for Global Consolidation System (ERP).
? Streamlined the process of payroll accounting in Oracle ERP system like introducing the concept of annexure to balance sheet, vendor movements, recurring invoices, payment batches system etc.
? Instrumental in implementing Income tax package for deduction of TDS on salaries and related reports including form 16, 12BA, 10E, ETDS annual return for salaries and others.
? Involved in up gradation of ERP systems relating to consolidation and effective payroll system.
? Knowledge of SOX Compliance methods in relation to payroll and accounting aspects.

Executive ? Accounts (Level 2)

Ballarpur Industries Limited

May 2000 to June 2005

? Super user in implementation of ERP system.
? Instrumental in implementing TQM initiative to eliminate delay in contractor?s bill accounting and payments.
? Implementing payroll package in oracle .net technology with my role as functional coordinator.
? Handling all tax matters at unit level like Sales tax, Income tax, work contract tax, TDS, TCS etc and all applicable annual returns and matters relating to work contract tax.
? Received special allowance recognition for effective involvement in TQM initiative and ERP system.

Junior Supervisor Accounts

Rane Engine Valves Limited

August 1997 to May 2000

? Managed Sales tax and Central excise matters, Import and Export related activities & matters relating to income tax.
? Handled all matters relating to AR accounting.

Commercial Assistant

Indo Matsushita Appliance Co. Ltd

August 1995 to July 1997

It is the flagship of the MATSUSHITA group (Japan) and manufactures products under the brand name of NATIONAL / PANASONIC. It is a core competitor in Electrical appliances and Electronic products.
Branch Commercial & Sales office

? Bachelor of Commerce

Currently studying

? Post Graduate Diploma in Industrial Relations and Personnel Management

Currently studying

? MBA (Finance)

Currently studying

Career Goals

Industries of interest

Areas of interest

Availability to travel and work outside the city

Yes

Interests and hobbies