SC SIVAKUMAR
CHENNAI
Summary
Highly accomplished finance and payroll professional with extensive experience in managing large-scale, multi-state payroll Accounting. Proven ability to drive operational efficiency, ensure compliance, and deliver accurate financial reporting. Expertise in full-cycle payroll processing, financial analysis, audit support, and team leadership. Adept at identifying and resolving financial risks through meticulous balance sheet and Profit & Loss (P&L) analysis, including detailed variance analysis. Skilled in implementing process improvements, automating solutions, and managing change requests. Demonstrated success in leading month-end close activities, conducting comprehensive audits, and providing insightful financial reporting to senior management. Strong leadership and communication skills, with a track record of fostering team collaboration and delivering exceptional results.
Overview
13
13
years of professional experience
Work History
Lead - Global Payroll Accounting and Compliance
Cprime India Technologies Private Limited
Chennai
01.2024 - Current
- Directed and supervised team of 04 engaged in Payroll Accounting and Compliance for Global Entities.
- Ensured financial accuracy by routinely reviewing balance sheets and explaining P&L variances; proactively resolved identified risks.
- Delivered detailed flux analysis of employee job costing at a project level, providing top-level insights into employee utilization.
- Conducted comprehensive payroll compliance audits (accounting and operations), providing detailed support and documentation to external auditors.
- Ensured financial health by monitoring balance sheet integrity and explaining P&L performance.
- Partnered with IT and cross-functional teams to assess system and process changes, ensuring accurate accounting impact analysis.
- Drove continuous improvement in processes, systems, and reporting through the strategic implementation of automation tools.
- Managing payroll accounting for the entities acquired. Monitored project progress, identified risks and took corrective action as needed.
- Analyzed financial reporting systems and project schedules to proactively address potential problems.
- Expertise in Job costing and providing people cost analysis to FP&A and also to Top Level.
Project Lead - Payroll Accounting
Accenture Solutions Private limited
Bengaluru
02.2021 - 01.2024
- Directed and supervised team of 08 engaged in Payroll Accounting and operational development.
- Supervising Payroll Balance Sheet Clearance Project for the legacy open items in the international regions of 37 countries.
- Handling of comprehensive payroll compliance audits (accounting and operations), providing detailed support and documentation to external auditors.
- Clearance of all outstanding line items in Payroll GLs, Cross- checking the interface between payroll system and finance system. Period close activities in finance system.
- Conducted routine balance sheet reviews, proactively identifying and resolving financial risks.
- Analyzed P&L fluctuations, providing clear explanations for month-over-month variances.
- Ensured financial health by monitoring balance sheet integrity and explaining P&L performance.
- Implemented process transformations, identifying and suggesting improvements in payroll and payroll finance workflows.
- Managed payroll accounting integration for newly acquired entities and divestitures. Facilitated seamless payroll Accounting transitions.
- Monitored project progress, identified risks and took corrective action as needed.
- Analyzed financial reporting systems and project schedules to proactively address potential problems.
- Reviewing and analyzing Balance Sheet and Profit & Loss, closely monitoring and supporting Month end close activities.
- Reported Balance Sheet GL account’s audit findings to management and the audit committee.
- Minimized resource and time losses by addressing employee or production issue directly and implementing timely solutions.
- Maintaining all the process related DTPs and the documentation up to the date and getting it signed off by the business.
- Updating client PIs and KPIs on a monthly basis to present the same in monthly service review meetings with the business.
- Preparing Internal & MIS Reporting, SLA Metrics Dashboards and control on Issue tracker, Q&A and update trackers.
- Ensuring maintenance of RCA for the incidents or errors happened within the team.
- Fostering team spirit and bonding between team members working from different regions and delivering as One Team
Payroll Finance Specialist
ZELLIS HR INDIA PVT LIMITED
KOCHI
11.2016 - 01.2021
- Managed full-cycle, semi-monthly multi-state payroll for over 50,000 UK employees, ensuring accuracy and compliance.
- Handling of comprehensive payroll compliance audits (accounting and operations), providing detailed support and documentation to external auditors.
- Ensured accurate payroll processing by managing salary file uploads, error reporting, pre-calculation audits, and payroll confirmations (BACS, payslips, costing, GL).
- Maintained strict adherence to regulatory requirements and internal controls.
- Prepared and reconciled monthly Payroll Profit & Loss (P&L) and balance sheets.
- Developed and managed monthly cash economy forecasts, coordinating with Treasury for funding.
- Conducted thorough reviews and analysis of balance sheets and P&L statements, contributing to accurate month-end close activities.
- Clearance of all outstanding line items in Payroll GLs, Cross- checking the interface between payroll system and finance system. Period close activities in finance system.
- Conducted routine balance sheet reviews, proactively identifying and resolving financial risks.
- Analyzed P&L fluctuations, providing clear explanations for month-over-month variances. Ensured financial health by monitoring balance sheet integrity and explaining P&L performance.
- Implemented process transformations, identifying and suggesting improvements in payroll and payroll finance workflows.
- Managed change requests, including SIT and UAT testing, for payroll accounting and operations.
- Improved operational efficiency and reporting accuracy through the implementation of automated solutions.
- Developed and delivered training programs for new hires and provided cross-training, along with detailed documentation of payroll processes.
- Generated and maintained performance, attendance, and management reports (daily, weekly, monthly).
- Updated and presented client Performance Indicators (PIs) and Key Performance Indicators (KPIs) in monthly service review meetings.
- Scheduled and led month-end close calls, providing status updates and coordinating financial statement preparation and book closures (monthly, quarterly, annually).
- Coordinated preparation of Financial Statements and Closure of Books of Account Monthly, Quarterly and Annually.
Senior Subject Matter Expert
Sopra Steria
Chennai
11.2013 - 10.2016
- Administered Full cycle, semi-monthly multi-state payroll for 50000+ UK employees; imparting trainings to new hires, cross training as well as documenting payroll process procedures.
- Involved in Payroll Compliances Audit (both Payroll Accounting and Operations) to support the external auditors in providing the required audit details and samples.
- Preparation of Payroll P/L cum balance sheet reconciliations, Cash Economy for each month (Forecasting funds from Treasury for the future period).
- Involved in; loading salary files, pulling error report, run pre-calculation audit report, run calculation process, checking payroll error messages, payroll confirmation (BACS, Pay Slips, Costing, GL).
- Change Requests Management and handling of SIT and UAT testing processes for Payroll Accounting and operations.
- Achieving sustained enhancements in operational efficiency and reporting accuracy via automated solutions.
- Generated and maintained various reports such as team’s performance (daily, weekly and monthly basis), team’s attendance and kept the management updated on the above.
- Reviewing and analyzing BS and P&L, closely monitoring and supporting Month end close activities.
- Updated client PIs and KPIs on a monthly basis to present the same in monthly service review meetings with the business.
- Scheduling Month end close calls during WD-2 to WD+4 and provide the status on the close activities and coordinating preparation of Financial Statements and Closure of Books of Account Monthly, Quarterly and Annually.
- Involved in; Process transformation by way of suggesting improvements in payroll and payroll finance, Clearance of all outstanding line items in Payroll GLs, Cross- checking the interface between payroll system and finance system, Preparing Cash Economy for each Month (Forecasting funds from Treasury for the future period), Period close activities in finance system, Year-end Costing and budgeting.
Business Process Analyst
Accenture Solutions Private limited
CHENNAI
01.2012 - 08.2013
- Reviewed the AP reports, invoice processed, PO created; sent daily status reports to client.
- Managed escalations and complaints; imparted training to the team if there is any new update from the client
Education
Diploma - Accounting And Finance
Institute of Finance, Banking And Insurance
Chennai, India06-2010
Bachelor of Commerce - Accounting And Finance
University of Madras
Pachaiyappa's College04-2010
Skills
- Balance Sheet Analysis
- Financial analysis
- Process improvement
- Compliance auditing
- Budget forecasting
- Data analysis
- Team leadership
- Project management
- Operational efficiency
- Client reporting
- Change management
- Teamwork and collaboration
- Excel Proficiency
- PowerBI
Languages
Tamil
First Language
English
Advanced (C1)
C1
Telugu
Advanced (C1)
C1
Timeline
Lead - Global Payroll Accounting and Compliance
Cprime India Technologies Private Limited
01.2024 - Current
Project Lead - Payroll Accounting
Accenture Solutions Private limited
02.2021 - 01.2024
Payroll Finance Specialist
ZELLIS HR INDIA PVT LIMITED
11.2016 - 01.2021
Senior Subject Matter Expert
Sopra Steria
11.2013 - 10.2016
Business Process Analyst
Accenture Solutions Private limited
01.2012 - 08.2013
Diploma - Accounting And Finance
Institute of Finance, Banking And Insurance
Bachelor of Commerce - Accounting And Finance
University of Madras
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