Prasanth Kumar

Key Deliverables Payroll Processing and Administration • Comprehensive Payroll Management: Managed all aspects of payroll processing, including salary advance transactions and data recovery. • New Joiners' Salary Updates: Verified and updated new joiners' salary details in accordance with offer letters and incremental documents. • Attendance and Leave Tracking: Maintained precise records of employee attendance using HRMS software and tracked annual leave balances. Intercompany Payroll Management • Multiple Entity Payroll: Successfully processed payroll for five different company entities, ensuring timely and accurate payouts. Annual Leave Settlements and End-of-Service Benefit (EOSB) Calculations • EOSB Calculations: Managed the meticulous calculation and processing of annual leave settlements and EOSB for a vast workforce comprising more than 7,000 employees, spanning both staff and laborers. • Compliance with UAE Labor Laws: Ensured strict adherence to UAE labor laws while calculating EOSB, considering factors such as years of service, salary, and statutory requirements. • Cross-Functional Collaboration: Collaborated with cross-functional teams to guarantee accurate and timely disbursement of annual leave settlements and EOSB, promoting employee satisfaction and compliance with labor regulations. Process of UAE Local Employees GPSSA • GPSSA Contributions Management: Handled the recording, reconciliation, and accurate processing of Value Added Tax (VAT) entries, focusing on GPSSA contributions for UAE local employees, ensuring compliance with tax regulations and labor laws in collaboration with the finance and HR departments to safeguard employee benefits and meet legal obligations. Financial Transactions and Reporting • Daily Payment Processing: Processed day-to-day payment requests, including salary advances and reimbursement claims. • Documentation Preparation: Prepared salary certificates, pay slips, and salary transfer letters as per employees' requests. • Financial Entry Management: Managed payroll-related financial entries, including payment entries, cost bookings, and bank reconciliations. • VAT Entries and Reconciliations: Handled employee-related VAT entries and reconciliations for UAE local employees GPSSA. Payroll Budgeting, Costing, and Reporting • Budgeting and Cost Analysis: Developed and managed payroll budgets, performing detailed costing analysis to optimize payroll expenditures. • Management Information System (MIS) Reporting: Prepared and submitted comprehensive MIS reports to management, providing insights into payroll costs, variances, headcount reconciliation, and financial impacts. Assistance and Leadership • Mentoring and Guidance: Mentored junior team members, providing guidance and approvals for their daily transactions. • Monthly Reporting and Audits: Generated monthly payroll reports and assisted in meeting audit requirements. • Incentive and Bonus Calculations: Calculated and processed monthly sales incentives (for over 500 employees), bonuses, and annual airfare.

Key Deliverables: • Payroll Processing: Managed monthly payroll for 3,000+ employees using HRMS, handled new hire documentation, terminations, and ensured compliance with UAE labor laws. Calculated and disbursed end-of-service benefits and posted payroll transactions in ORACLE. • Supplier Account Management: Oversaw 400+ supplier accounts, handled payments and reconciliations, and resolved payment issues. • Financial Reconciliation and Reporting: Reconciled bank statements, prepared cash flow reports, managed petty cash, and recorded purchase invoices in Tally 9. • Audit and Reporting: Assisted in quarterly and yearly audits and prepared management reports.

Key Deliverables: • Cash and Transaction Management: Managed daily cash books, entered cash and bank transactions into Tally. • Petty Cash and Invoicing: Controlled petty cash disbursements, facilitated settlements, and raised sales/purchase invoices in Tally. • Account Management and Reconciliation: Oversaw customer accounts, conducted regular reconciliations, and performed monthly bank reconciliations. • Payroll and Stock Management: Prepared monthly payroll register, disbursed salaries, managed stock counts, and generated stock movement reports. • Financial Reporting Support: Assisted in preparing financial statements and reporting to the senior accountant.