Summary
Overview
Work History
Education
Skills
Languages
References
Timeline
Generic

Vinayak Prabhu

Thane

Summary

Effective and Experienced multifaceted professional with expertise in Payroll, Commercial and Administration Operations having demonstrated 29 years of successful and proven track record of managing teams and collaborating with CFTs to support effective NBFC Operations. Currently working as an AVP in Payroll Operations for last 10 years

Overview

29
29
years of professional experience

Work History

Assistant Vice President of Payroll Operations

TATA Motors Finance
Thane
04.2018 - Current
  • Ensure departmental performance metrics exceeded >95% timely resolution of grievances and 100% on time salary credits.
  • Fulfilled payroll services to 8000+ employees across subsidiaries by leading a team of 3 to 5 committed individuals and transaction based vendor support for annual payout processing over 450 crs.
  • Led the deployment of payroll processing workflow management system by identifying, customizing, and implementing with built-in error detection and correction capabilities thereby reducing Payroll errors to 0.5%.
  • Led mergers and de-merger activities within group companies to completion from payroll perspective within 45 days.
  • Led cross functional teams from Accounting, Finance, HR, business leaders, to improve multi frequency and timely performance payouts.
  • Front ended interim and fiscal year-end audits involving multiple reputed audit firms(KPMG, EY, Deloitte) catering to State, External and Internal Audits with no major observations throughout.
  • Ensured compliance with established EPFO, Central and State wise Labour, payroll policies, procedures and regulations.
  • Created and maintained a positive working environment through effective leadership practices.
  • Served as a liaison between the TMF and parent company (TML) and subsidiaries and group companies (TMIBSL, TCL) and external partners and vendors.

Senior Manager - Payroll Operations

TATA Motors Finance
Thane
07.2013 - 03.2018
  • Coordinated with internal departments to ensure successful execution of projects according to timeline and budget constraints.
  • Identified areas of improvement within existing operations through process analysis and benchmarking studies.
  • Created detailed reports on project progress for senior management review.
  • Ensured compliance with applicable laws, regulations, policies, and procedures across all business units.
  • Conducted regular performance appraisals for direct reports to provide feedback on their work performance.
  • Developed and led process improvements to optimize operations and reduce costs.

Senior Manager - Commercial and Administration

TATA Motors Finance
Thane
07.2008 - 06.2013

Commercial and Repossessed Vehicles

  • Managed and created real time commercial yard management portfolio of repossessed vehicles.
  • Implemented technology solutions to improve efficiency in repossession operations and reporting.
  • Developed and implemented strategies to optimize repossession success rates and minimize losses.
  • Managed relationships with financial institutions, auto dealerships, and other clients to understand their needs and expectations.
  • Conducted regular training sessions for repossession agents to enhance their skills and knowledge regulatory requirements.
  • Created collection workflows to maximize collections and minimize losses
  • Collaborated with legal and compliance teams to ensure collections activities complied with all applicable laws and regulations.

Administration and Infra

  • Directed all aspects of administrative operations, including office management, facilities coordination, and administrative support services.
  • Developed and implemented policies and procedures to streamline administrative processes and improve efficiency.
  • Oversaw office space planning and facilities management, ensuring a safe and productive work environment.
  • Managed vendor relationships and negotiated contracts for office supplies, equipment, and services.
  • Provided guidance to administrative staff, fostering a positive and productive work environment and safety requirements.
  • Implemented technology solutions to automate administrative tasks and improve workflow efficiency.
  • Collaborated with cross-functional teams to support company initiatives and projects.

Manager - Treasury Operations & Payables

TATA Finance
Thane
04.1995 - 06.2008

Fixed Deposits & treasury operations

  • Executed installation of Fixed deposits operations office and front end offices at Kolkata Pune Surat & Nagpur.
  • Managed complete lifecycle of fixed deposits and inter-corporate deposits for treasury operations.
  • Implemented new technologies to streamline operations, reduce costs, and improve customer service.
  • Analyzed customer feedback data to develop action plans for improving services offered.
  • Monitored staff performance and addressed issues.

Education

Masters in Financial Services Management - Banking And Financial Support Services

Mumbai University
Mumbai
06-2007

Bachelor of Commerce - Ecommerce

Mumbai University
Mumbai
06-1994

Skills

  • Financial analysis and planning
  • Policy compliance
  • Operations Management
  • Cross-functional team leadership
  • Financial Management
  • Business Administration

Languages

English
First Language
Hindi
Intermediate (B1)
B1
Marathi
Intermediate (B1)
B1

References

References available upon request.

Timeline

Assistant Vice President of Payroll Operations

TATA Motors Finance
04.2018 - Current

Senior Manager - Payroll Operations

TATA Motors Finance
07.2013 - 03.2018

Senior Manager - Commercial and Administration

TATA Motors Finance
07.2008 - 06.2013

Manager - Treasury Operations & Payables

TATA Finance
04.1995 - 06.2008

Masters in Financial Services Management - Banking And Financial Support Services

Mumbai University

Bachelor of Commerce - Ecommerce

Mumbai University
Vinayak Prabhu