Summary
Overview
Work History
Education
Websites
Certification
Functional Competencies
Behavioral Competencies
Nationality
Preferred Location
Timeline
Generic
Rashid Alam

Rashid Alam

Summary

IIM postgraduate and an experienced professional with a comprehensive background in payroll processing, compensation & benefits & HR operations with 15+ years of experience. I bring a wealth of expertise garnered from diverse industries, including information technology, healthcare, KPO/ITES, and life insurance. With a proven track record of success, my skills encompass various facets of C & B Management, payroll management-including payroll processing, audit, and payroll accounting. I excel in employee management, attendance tracking, and employee salary tax management, ensuring accurate and compliant financial transactions.

Overview

16
16
years of professional experience
6
6
years of post-secondary education
2
2
Certifications
1
1
Language

Work History

Manager – Payroll & Total Reward

Peoplestrong
02.2024 - Current
  • Company Overview: Goldman Sanch has a majority stake in Peoplestrong (a leading human capital management (“HCM”) SaaS provider).
  • Managing end-to-end payroll and benefit administration for India, Singapore, Sri Lanka, Dubai & delivering 65000+ pay slips every month. Responsible for delivery of assigned India Payroll clients through a team of Managers.
  • Serving as a strategic partner to clients, ensuring exceptional customer experiences and delivering high-quality service tailored to their needs.
  • Ensuring that services are delivered according to SLA’s; monitor, report and analyze KPI’s regarding service excellence and customer satisfaction & maintaining payroll accuracy through optimization of HRIS & payroll management systems.
  • Developing and implementing employee capability initiatives to ensure continuous enhancement of domain and technical competencies.
  • Lead training programs on the latest regulatory laws and best practices in payroll delivery, ensuring compliance and operational excellence.
  • Ensuring comprehensive integration of change management processes, accounting for time constraints and appropriate cost allocation to respective cost centers and clients.
  • Ensuring quality check for monthly payroll processing, including verification of Inputs, manual checking of control reports and generating error free & timely outputs.
  • Led automation of salary JV, bank file (host to host payment) and other payroll reports.
  • Organizing and conducting comprehensive seminars for clients on various aspects of taxation, including recent updates and regulations. Additionally, provide personalized advice and guidance to employees on effective tax-saving strategies to optimize their financial planning.
  • Advising multiple clients across various industries on compensation structures, employee benefits programs.
  • Managing the maintenance and data integrity of HRIS including leading implementations & collaborating with cross-functional teams to ensure seamless integration of compensation strategies with broader HR initiatives.
  • Collaborating closely with client leadership to develop compensation policies that adhered to regulatory compliance while meeting business objectives.
  • Acting as a primary contact for leader and partner for compensation and benefit related inquiries.
  • Workforce Managed: 65000+ for multiple clients across various industries

Manager HR – Total rewards, Payroll & HR Operations

Canara HSBC Life Insurance Co. Ltd.
08.2022 - 08.2023
  • Company Overview: Canara HSBC is a life insurance company. It is a joint venture between Canara Bank and HSBC (Asia pacific) holdings Ltd. The company has employee strength of 10000+ headcount across India.
  • Oversaw and managed the end-to-end India payroll cycle, including collating input data, reviewing output, handling statutory filings, and processing payroll for a workforce of 10,000 full-time employees in India. This also involved managing the Flexi Benefit Plan (FBP) processing and overseeing benefits like Leave Travel Allowance (LTA), Car Lease, and meal vouchers, NPS etc.
  • Led a team of four (FTEs) and developing team activities related to the maintenance of complete and accurate records of payroll information. Supervising and coordinating the activities of payroll staff and managing payroll workload to meet operational requirements.
  • Oversaw the completion of full and final settlements within SLA.
  • Took ownership of end-to-end payroll accounting and reporting, ensuring strict adherence to policy controls, meeting Turnaround Time (TAT), Service Level Agreements (SLAs), and Key Performance Indicators (KPIs), while also ensuring compliance with labor laws.
  • Reviewed reconciliations of payroll-related Balance Sheet General Ledger (GL) accounts, prepared balance sheet schedules, and ensured the accuracy of all Payroll S&T-related accounts. Collaborated with the accounting team to ensure proper booking of payroll costs, statutory deductions, and taxes related to employee payments.
  • Actively participated in the tax provision and tax compliance process, managing and coordinating tax audits. Built relationships with employees and leaders to provide tax planning and savings options.
  • Led monthly, and quarterly salary reconciliations, including tax filing requirements, year-end reporting, Form-16 review, and preparation of details required under section 43B and 80JJAA of the Income Tax Act.
  • Prepared variance analyses to explain period-over-period changes, reviewed new hires, terminations, status changes, tax adjustments, deductions, and retroactive adjustments.
  • Led all projects related to payroll, including corporate audits, ICOFR audits, ISO audits, internal audits, and statutory audits. Ensured timely closure of all payroll audits, addressing audit observations, and maintaining up-to-date Standard Operating Procedures (SOPs) and dashboards.
  • Delivered error-free reports, KPI dashboards, non-compliance updates, and other essential process metrics to stakeholders.
  • Provided support for ad-hoc reports and project reports as needed. Responsible for various Management Information System (MIS) reports, including Payroll MIS, Headcounts, Attrition, wage costs, and more.
  • Key Accountability: Payroll management, C & B management, HR Operations
  • Workforce Managed: 10000+

Assistant Manager-2 (Deputy Manager)

R1 RCM Global Pvt. Ltd.
07.2020 - 07.2022
  • Company Overview: R1 RCM Inc. is an American revenue cycle management company servicing hospital, health systems and physician groups across the United States. The company is listed on NASDAQ with employee strength of 15000+ head count.
  • Participated and volunteered in market survey to determine competitive salaries and benefits packages in India.
  • Participated in development and implementation of compensation and benefits policies and procedures in accordance with local regulations and in line with new wage code.
  • Participated in creating and maintaining job descriptions and salary ranges to benchmark data with competitive business.
  • Participated and actively worked on annual compensation budgeting, simulations and planning for execution.
  • Participated in executing payroll and benefits related changes from PMP cycle for India region. Deliver recurring payroll services together with relevant stakeholders.
  • Participated in designing compensation packages that align with the company’s strategic plan.
  • Managed and oversaw end-to-end payroll operations for 13,000 employees across 4 entities spanning India and the Philippines.
  • Supervised a team responsible for the day-to-day processing of payroll, including salaries, bonuses, commissions, and special payments.
  • Collaborated with all stakeholders and team members to ensure timely and accurate month-end closure of payroll. Including accounting, reconciliation, and variance analysis.
  • Stakeholders Management: Developed and nurtured relationships with key business partners, including finance, tax, accounting, local business and HR leaders, mobility teams, and authorities.
  • Vendor management: Collaborated with payroll vendors, conducted thorough payroll reviews, and held them accountable for timely and accurate payroll processing.
  • SOX Compliance: Ensured compliance with statutory requirements and remained updated on evolving payroll tax regulations for the assigned regions.
  • Led all audit projects for the payroll audit, corporate audit, ICOFR audit, US GAAP audit, internal and Stat audit. Ensuring closure of all the payroll audits as per timelines and plugging the gaps based on audit observations. Responsible for maintaining updated Standard Operating Procedures (SOPs) and dashboards.
  • Monthly PPT on payroll cost trend, Variable input & employee touchpoints etc. for stakeholder & Management or KPI reviews.
  • Key responsibilities: Compensation and benefit
  • Key responsibilities: Payroll
  • Workforce Managed: 13000

Assistant Manager-1

R1 RCM Global Pvt Ltd
01.2017 - 06.2020
  • Managed the end-to-end payroll function, ensuring seamless payroll processing, income tax computation, and compliance with statutory regulations. Processed various inputs such as new hire master data, CTC details, one-time payments, promotions, increments, incentives, bonuses, resignation details, full and final settlements, LOP days, other payments, and deductions to release monthly salaries. Generated ad-hoc MIS reports and fulfilled other requests promptly to support informed decision-making and payroll operations.
  • Key Accountability: Payroll & HR operations

Assistant Manager-Payroll, accounting and analysis

GJEPC
12.2013 - 03.2016
  • Company Overview: GJEPC is an autonomous body. It is the apex body of the gems and jewelry industry and today it represents almost 8000 exporters in this sector.
  • Processing of inputs (New hires Master data, CTC details, one time payments, promotions & increments, incentives & bonus, Resignation details, Full and Final Settlements, LOP Days, Other payments and Deductions) to release the Monthly salaries.
  • Key Accountability:

Senior Executive-Payroll & Accounting

Thomson Reuters
03.2009 - 06.2013
  • Company Overview: Thomson Reuters is a Canadian multinational media conglomerate, headquarter in Toronto, Canada. It has more than 55,000 people across 100 countries. Thomson Reuters is listed on NYSE (New York Stock Exchange).
  • Implemented, maintained, and reviewed payroll processing systems to ensure timely and accurate processing of payroll transactions including salaries, benefits, garnishments, taxes, and other deductions. Ensured accurate and timely processing of payroll updates including new hires, terminations, and changes to pay rates.
  • Key Accountability :

Education

Post Graduate - Human Resource Management

Indian Institute of Management (IIM), Shillong
08.2023 - 08.2024

MBA/PGDM - Finance

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
01.2015 - 01.2017

Bachelor of Commerce (B. Com) - Business/Commerce, Taxation, General Accounting

Kolkata University, South City College
01.1997 - 01.2000

C.A. (Inter) Group 1 - Finance General Accounting, taxation, strategic management

The Institute of Chartered Accountants of India

Certification

Certified Compensation and benefit manager (Global Certification)

Functional Competencies

Payroll processing, Attendance, Leaves & payroll Management | Payroll accounting, accrual & GL reconciliation | Compensation, benefits and bonus provision & Accounting | Employee cost Variance analysis and trends analysis | India payroll & compliances | Dubai & Philippines payroll | Employee engagement & Query Management| Statutory Compliances(TDS, PF, PT,ESI & LWF payment, accounting & reconciliation) | Audits (Stat Audit, Tax Audit, ICOFR,ISO & internal audit |Team Handling | Process Improvement | Vendor Management| Salary benchmarking & PMS management | Compensation planning | Compensation structure & Survey | Compensation Analysis and benchmarking |

Behavioral Competencies

Collaborative, accountable with excellent problem-solving project management skills and worked with multi-cultural and multi-locational teams.

Nationality

Resident Indian

Preferred Location

Open for relocation

Timeline

Manager – Payroll & Total Reward

Peoplestrong
02.2024 - Current

Post Graduate - Human Resource Management

Indian Institute of Management (IIM), Shillong
08.2023 - 08.2024

Manager HR – Total rewards, Payroll & HR Operations

Canara HSBC Life Insurance Co. Ltd.
08.2022 - 08.2023

Assistant Manager-2 (Deputy Manager)

R1 RCM Global Pvt. Ltd.
07.2020 - 07.2022

Assistant Manager-1

R1 RCM Global Pvt Ltd
01.2017 - 06.2020

MBA/PGDM - Finance

Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
01.2015 - 01.2017

Assistant Manager-Payroll, accounting and analysis

GJEPC
12.2013 - 03.2016

Senior Executive-Payroll & Accounting

Thomson Reuters
03.2009 - 06.2013

Bachelor of Commerce (B. Com) - Business/Commerce, Taxation, General Accounting

Kolkata University, South City College
01.1997 - 01.2000

C.A. (Inter) Group 1 - Finance General Accounting, taxation, strategic management

The Institute of Chartered Accountants of India

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Rashid Alam