Satish R

Responsibilities:

• RTR Team lead Role for EMEA -Global Process.

1. Payroll Processing and Computation: • Expertise in calculating gross and net salaries, considering statutory and non-statutory deductions. Proficient in processing monthly payroll for employees, including executive and hourly wage workers.

2. Statutory Compliance: • In-depth knowledge of Indian payroll-related legal requirements such as PF (Provident Fund), ESI (Employee State Insurance), PT (Professional Tax), TDS (Tax Deducted at Source), • Ensuring timely and accurate statutory payments and filings.

3. Taxation and TDS Management: • Proficient in calculating and deducting TDS according to Income Tax slabs and investment declarations. • Experience in managing Form 16 issuance and other tax-related documentation for employees. 4. Attendance and Leave Management: • Skilled in integrating and managing attendance systems with payroll processing. • Handling leave encashment, tracking leave balances, and understanding the impact of leaves on payroll. 5. Payroll Software and Systems: • Experience in using specific payroll software (e.g., ADP, Paychex, SAP, or Tally). • Implementing or upgrading payroll systems, including customization to meet company-specific needs. 6. Employee Queries and Resolution: • Handling employee queries regarding salary, deductions, tax declarations, and other payroll-related issues. • Developing and maintaining a communication channel for effective resolution of payroll grievances. 7. Reimbursements and Benefits Administration: • Managing employee reimbursements as per company policy (travel, medical, etc.). • Overseeing the administration of benefits such as insurance, retirement plans, etc. 8. Year-End Activities: • Coordinating year-end payroll activities, including bonus processing and leave adjustments. • Assisting in the preparation and reconciliation of year-end tax statements and reports. 9. Payroll Reporting and Analytics: • Generating regular payroll reports for management review. • Analyzing payroll data to identify trends, discrepancies, and opportunities for process improvement. 10. Audit and Compliance Review: • Assisting in payroll audits, both internal and external. • Ensuring payroll practices comply with internal policies and external regulations. 11. Employee Exit Management: • Calculating final settlements for exiting employees. 12.Reconcilation Preparation and Review • Reconciling and analyze of various accounts: Analyzing of reason for the open item on monthly basis and recording rectification entries follow up for the actionable items. • Standardized and stabilized the Recons by adding Nature of account and flow charts. • Reconciliation of Financial Data: Reconciled accounting transaction for various team within 13 Projects Involved and drive the projects in streamlining the Payroll standardization, Open item Reduction, Level Loading, Control & Compliance and WGLL 14-Automation • Explore the scope of Automations and work with Business intelligence team on Automation projects (PLI/PTO/ESPP/APJC Manual Request) 15.Prepataion of Reports • • Preparing of summary Report and presenting the ageing analysis and SLA report on monthly basis • • MIS Reports: Preparing Monthly Packs, M14, TB to TB, Push to Consol, Balance Sheet Commentary, report and review the Balance sheet with Controllers Client Focus • • Ensuring high quality services, resulting in customer delight and optimum resource utilization for maximum service quality. • • Ensuring maximum customer satisfaction by closely interacting with vendors, clients & understand their requirements and customizing the services accordingly. • • Zero Post close issues reported • • Meeting the Service Level Agreements (SLA) • • Received good feedback from client. People Focus • • Sharing the new learning and best practices with the team for the smooth functioning. • • Strong leadership, problem-solving, planning, Team building skills • • Handled team of 5 people and maintained zero attrition and also will be co-ordinating with other team folks of 10 on regular basis • • Helping the Team members in Ms excel functions and sharing process knowledge and training the new joiners. • • Share the Knowledge about the RTR projects and Compliance and controls details to team on regular intervals • • Reporting to the management monthly / quarterly basis. • • Monthly Governance call taken up for Tower level