Rajesh M
Bengaluru
Summary
Experienced Lead Payroll Analyst with a proven track record in effectively managing and optimizing payroll systems in India and globally. Seeking a Payroll Manager position to leverage strategic expertise in driving payroll excellence and operational efficiency. Proficient in payroll system implementation, compliance, and financial analysis, with the ability to enhance payroll operations and contribute to organizational success. Dedicated to fostering a culture of continuous improvement, ensuring accuracy and compliance, and delivering exceptional service aligned with company vision and objectives.
Overview
13
13
years of professional experience
Work History
Lead Payroll Analyst
Fidelity Information Services India Private Limited
Bangalore, India
04.2019 - 10.2023
- Strategically planned in payroll operations for multiple regions and ensured efficient process flow and compliance with international regulations
- Collaborated with HR and finance departments to align payroll services with organizational objectives and maintained compliance with laws and best practices
- Managed accurate and timely payroll for all employees, overseeing processes for hourly and salaried staff across different regions
- This included handling salary calculations, entitlements, statutory compliance, audits, and vendor data assessment
- Contributed to the maintenance and enhancement of payroll systems, ensuring error-free operations and quality integration in team activities
- Guided the adoption of new payroll systems by selecting appropriate software, integrating with existing HR and finance systems, and configuring settings to meet organizational requirements
- Oversaw the accurate collection, computation, and input of payroll data, including updates for changes in exemptions, insurance, savings deductions, position titles, and departmental moves
- Conducted regular audits and analyses of payroll data to confirm accuracy, resolve discrepancies, and address all payroll issues
- Provided necessary support to employees, ensuring quick resolution of inquiries and efficient handling of year-end tasks and tax document distribution
- Supported accounting tasks, including reconciliations, payroll entries, and financial reporting, with a focus on process enhancement
- Managed funds for payments efficiently, ensuring timely disbursement to employees and offering responsive support for payroll-related questions
- Maintained rigorous compliance with all payroll regulations throughout the payroll process
- Engaged closely with Human Resources to update data and benefits, oversaw the management of payroll-related financial records, and performed monthly reconciliations of accounts
- Conducted thorough market research to stay informed about payroll regulations, tax requirements, and employee benefits, ensuring adherence to laws and accurate payroll computations
- Assessed and advocated for the adoption of new payroll technologies to improve processing efficiency and accuracy
- Drove initiatives aimed at refining payroll procedures and enhancing service offerings
- Implemented office guidelines, managed team operations, maintained inventory levels, and collaborated with external vendors to achieve operational effectiveness
- Collaborated with senior leadership, the HR team, and other stakeholders to develop and implement processes and initiatives to drive business growth and expansion
- Verified the accuracy of payroll fund transfers and performed reconciliations of bank statements prior to disbursements
- Generated and oversaw administrative reports concerning payroll statistics, regulatory compliance, workers' compensation, and financial reserves for audit purposes
- Managed comprehensive payroll documentation, including tax calculations and mandatory contributions, to facilitate efficient financial management for employees
- Directed the management of workflow, addressed issues, and distributed tasks to enhance team productivity and ensure the timely execution of duties
- Monitored the performance of team members to ensure efficiency
- Responsible for reviewing team performance to ensure they meet goals and objectives and managing the workflow and resources of the team
- Led efforts to enhance and automate settlement and payment workflows on Workday, as well as at Fidelity Information Services (FIS), leading to increased efficiency in operations and time reduction by 50%
- Introduced business process improvements that enhanced Payroll functions, eliminated duplication resulting in 30% increased efficiency, 10% cost savings, and 20%-time savings
- Awarded a financial bonus for successfully managing a Global Payroll Project with no errors in both the first and second quarters, receiving high praise from the top executives at FIS for excellence in payroll support
- Achieved a cost reduction of INR 50 to 75 lakhs by streamlining the final settlement process, substantially lowering the risk of bad debts
Payroll Consultant
Freelancing
Bangalore, India
10.2018 - 04.2019
- Developed financial forecasts for startups aiming for venture capital investment, enhanced internal controls, optimized processes, and spearheaded revisions in policies
- Achieved a 20% growth in the client portfolio, surpassing sales goals by 10%
Process Lead Finance
UST Global
Thiruvananthapuram, India
10.2017 - 10.2018
- Managed payroll for 85,000+ employees across diverse regions: India, Australia, Singapore, Hong Kong, the US, the UK, and Israel, reducing payroll errors by 98%
- Collaborated with various vendors to guarantee both compliance with regulations and efficiency in payroll processing in accordance with company policy
- Awarded for exceptional contributions to the IFRS Audit and for attaining a zero-error payroll in Q4 at UST
Assistant Manager - Accounts and Payroll
NuSecond Technologies Private Limited
Bangalore, India
01.2011 - 10.2017
- Managed the payroll and accounts department effectively, guaranteeing the prompt and accurate processing of payroll activities, including handling salaries, benefits, deductions such as garnishments and taxes
- Provided essential training and support to the payroll team and other related departments on matters concerning payroll
- Played a supportive role in the creation of financial statements, aiding senior management in making informed decisions
- Developed and enforced best practices in payroll processing to enhance efficiency and minimize mistakes
- Led the task of reconciling payroll information, promptly resolving inconsistencies to maintain the accuracy and integrity of payroll data
- Carried out regular audits on payroll accounts to verify their accuracy and assure adherence to both internal and external regulatory standards
Education
Master's - business administration (MBA): Finance and HR
Madurai Kamaraj University
07.2010
Bachelor of Commerce (B. Com) -
Bangalore University
07.2003
Skills
- Workday
- ADP
- PeopleSoft
- QuickBooks
- MS Office
- Employee relations
- Communication
- Teamwork
- Payroll System Implementation
- Payroll Processing
- Compliance and Auditing
- Financial Analysis
- Data Management
- Strategic Payroll Planning
- Quality Assurance
- Cross-Border Payroll Management
- Employee Compensation Management
- Payroll Auditing
- Multi-Currency Payroll Processing
- Indian Payroll Compliance
- Global Payroll Compliance
- End to End Payroll
- Bank Reconciliations
- General ledger
- Microsoft Excel proficiency
- Year-end processing
- Audit support
Languages
English
Hindi
Tamil
Kannada
Timeline
Lead Payroll Analyst
Fidelity Information Services India Private Limited
04.2019 - 10.2023
Payroll Consultant
Freelancing
10.2018 - 04.2019
Process Lead Finance
UST Global
10.2017 - 10.2018
Assistant Manager - Accounts and Payroll
NuSecond Technologies Private Limited
01.2011 - 10.2017
Bachelor of Commerce (B. Com) -
Bangalore University
Master's - business administration (MBA): Finance and HR
Madurai Kamaraj University