Solving Mathematical puzzles
Ninad Sonawane
Payroll and Retirals Compliance Professional
Nallasopara
Summary
With experience handling all aspects of payroll processing, including employee paychecks and direct deposits, taxes, deductions and garnishments. Brings comprehensive understanding of applicable laws and regulations related to payroll and employee benefits. Excellent communicator answering employee inquiries and resolving any payroll-related issues.
Overview
10
10
years of professional experience
8
8
years of post-secondary education
4
4
Certifications
Work History
Senior Payroll Officer
Marico Ltd
10.2021 - Current
- Processed timecards and payroll data for team of employees.
- Processed manual checks for employees in accordance with company policies.
- Maintained confidentiality of employee records and payroll information.
- Updated employee files with new details such as changes in address or salary levels.
- Prepared and submitted payroll taxes and reports to regulatory agencies.
- Audited timesheets and payroll records for accuracy.
- Assisted with recruitment and onboarding of new employees.
- Performed data entry tasks and maintained accurate records of employee payroll information.
- Maintained employee privacy and protected payroll operations by keeping all information confidential.
- Reconciled payroll discrepancies and responded to inquiries from employees.
- Completed payroll accurately and timely to meet employee expectations.
- Developed and implemented payroll procedures to streamline workflow.
- Co ordination with vendor to streamline the payroll process.
- Processing Employee loans and advances.
- Handling PF settlement, Gratuity settlement, Superannuation Settlement and response to employee Queries.
- Preparing Actuarial valuation input to prepare Actuarial reports.
- Preparing Audit data and schedule as and when required.
- Preparing Higher pension wages file and upload it on portal
- Maintaining Car lease Data and payment to car lease agencies.
- Statutory payment in every month without any non compliance.
- Conducting NPS sessions and motivate employees to enroll in National pension scheme.
- Preparing Monthly payroll input every month and share with vendor to prepare Payroll register.
- Monthly Accounting Entries, Provision Entries and Salary JV in SAP.
- Preparing Quarterly AQI (Accounting quality index) to check Accounting Hygiene.
- Preparing Full and final settlement tracker every week.
- Preparing Star Provision actuals and outstanding MIS.
- Buying and selling of shares and coordination with bank for execution .
- Reviewing Trust Financials and coordination with vendor if any revision.
- Actuarial input preparation for leave, PF and gratuity as per accounting standards.
- Maintained strict confidentiality when handling sensitive employee information to uphold ethical standards.
- Participated in system upgrades and migrations to modernize the company''s approach to managing its workforce compensation needs effectively.
- Handled special projects such as year-end bonus calculations, merit increases, and retroactive pay adjustments with precision.
Accounts Officer - II
Asian Paints Ltd
12.2015 - 10.2021
- Maintaining Daily Tracker sheet.
- Handling Medical Reimbursement claim, Retired Medical Reimbursement and LTA Reimbursement Claim Procedure.
- Processing of Pension 10C And 10D Applications to RPFC.
- Processing of PF Settlement, PF Transfer in and PF Transfer out Application.
- Maintaining and Activation UAN of each employee.
- Processing of Nomination form and Pension transfer document and PF loan application.
- Preparing Deal Documents and Interest document and coordinate with brokers for quotes.
- Processing of Superannuation settlement and transfer to NPS.
- Analysis of Daily balance of trust and proper accounting in the excel.
- Day to Day investment in Liquid mutual fund to maintain idle fund tracking.
- Preparing financials of trust and get verified from the auditors.
- Fulfilling the pattern prescribed by government regarding investment in debt and equity market.
- Negotiating with brokers for rates and better yield towards investment in bond and securities
- Actuarial Valuation input working share to Acturials for reports.
- EDLI renewal and negotiating rates for betterment of employees.
- Daily Bank reconciliations and investing surplus money whenever it's available.
- FNF Settlements of left employees.
- Payroll and Retirals MIS preparation.
- Processing Gratuity settlements.
- Follow up Government Authorities like PF, ESIC, Income Tax and LIC for claims
- and assessment.
- Salary processing of around 8000 employees with proper accounting in SAP
- Posting Provision and JV and GL clearing in SAP
- Co-ordination with insurance companies of EDLI policies for betterment to
- Posting Canteen GST entries and notice pay recovery GST entries and provide
- Data to taxation team to file returns
- Preparing employee cost and CTC file quarterly for audit purpose
- Profession tax payment well before due date for all states
- NPS payment to respective authorities
- LIC and society payment
- Daily advance processing of employees.
- Monthly salary input preparation and provide the same to vendor to process and
- check output once the same is received.
- Supporting to all employees related to NPS and VPF etc.
Accounts Executive
N A Construction Pvt Ltd
05.2014 - 05.2015
- Salary processing
- Maintaining individual’s details of PF,ESIC, PT ,Basic etc and providing the same every month to Concerned Department for making payment.
- Salary Slip Preparation.
- Maintaining and updating individual’s records in register as well as in system.
- Salary JV entries in Tally.
- Making Central Excise payment challans
- Debtors Ageing Analysis.
- Cash Voucher Entries
- Checking online PF of each employee and maintain Password and UAN.
- Managing Petty Cash.
Education
Bachelor Of Commerce - Accounting And Finance
M. L Dahanukar College
Vileparle 04.2011 - 04.2014
SSC - Marathi
Sopara English School
Nallasopara 03.2008 - 03.2009
HSC - Commerce
Vidyavardhini's Vartak College
Vasai 04.2009 - 04.2011
Master Of Commerce - Accounts
University of Mumbai
Santacruz 06.2014 - 06.2016
Skills
Reviewing data
undefinedCertification
MSCIT
Interests
Playing and watching cricket
Dancing
Timeline
Senior Payroll Officer
Marico Ltd
10.2021 - Current
Accounts Officer - II
Asian Paints Ltd
12.2015 - 10.2021
Master Of Commerce - Accounts
University of Mumbai
06.2014 - 06.2016
Accounts Executive
N A Construction Pvt Ltd
05.2014 - 05.2015
Bachelor Of Commerce - Accounting And Finance
M. L Dahanukar College
04.2011 - 04.2014
MSCIT
06-2009
Tally ERP
06-2009
Typing Exams
06-2009
Accounting Business Skills
06-2009
HSC - Commerce
Vidyavardhini's Vartak College
04.2009 - 04.2011
SSC - Marathi
Sopara English School
03.2008 - 03.2009
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