Prasant Swain Email and Phone Number

• A skilled professional with over all 17 years of experience in Payroll operations, Statutory & Compliance, Taxation and MIS Reporting.• Ability to handle highly confidential data & deliver the best output during the crunch times. • Desire to learn with a positive attitude• High on problem solving, analytical and trouble shooting skills.• Deft in making final settlement, change of status forms and processing leaves, Gratuity and other settlement related benefit• Attend to employees queries and reporting needs of payroll services within standard confidentiality limits• Handling internal and external audit cooperating with auditor with providing all the data and record required by them and clarifying the observation.• Budgeting of payroll related costs, to give heads up to Finance team for arrangement of funds.• Headcount reconciliation & Monthly Gross variance verification before the disbursal of salaries.• Handling end to end HR compliance for branches across the country• Managing payroll processing function involving computation of salaries, attendance, leave, fixed & variable entitlements, deductions for loans, etc.• Developing and maintaining documentation, pay-slips and controls for all payroll related activities and attaining approvals on consolidated salary advice• Computing & arranging for timely deposit of taxes (Profession Tax & TDS) and filing of returns for completion of assessment and ensuring statutory compliance for all across the locations.• Handling the all the queries from employees related to salary calculation through e-mail and telephonic within TAT • Represent the Payroll Department at On boarding seminars for new hire orientation. • Arranging the helpdesk for clarifying the employee’s query on the income tax and educating employee on Income Tax . • Team Management• Facilitate monthly (as required) team calls/• Zero error on scorecard for all the months

• Preparing the attendance and leave input verifying and considering for payroll.• Managing collating the input from various department including all the deduction and variable Payment( incentive, allowance if any) entitlements, deductions for loans, etc.• Undertaking joining formalities of new joiners.• Issuing offer letter, appointment letters and providing induction to the new employees.• Providing company’s basic background information and reporting hierarchy to new Joiners.• Documentation of all new appointments.• Conducting of exit formalities.• Issuing reliving letter and conducting exit interview.• Employee welfare & Relation• Designing the HR Policies & implementing the same.• Coordination with management & departments• Creating and sustaining a dynamic environment that fosters development opportunities and motivates high performance amongst the team.• Preparing the MIS Reports, reconciliation and other financial reports to keep a track of financial performance• Responsible for Managing & processing payroll for internal employees

PayrollKey Result Areas:Responsible for processing payroll releasing on time and delivered pay slip to all the employees within agreed TATManaged a team multiple member.Handled all the accounting entries of payroll (JV), invoice payment, entry in SAP, vendor payment and recovery through SAPPrepared compliance report & bank reconciliation and processed the full & final settlement Performed reconciliation of fixed salary and variance reports as per job levelPassing all salary related entire and doing reconciliation with bank entries.Forecasted and estimated fund requirement for monthly payroll and vendor paymentLooked into variable payment provision and paid out balanceSolved queries from employees related to salary, income tax, earning and deductionInvolved in initiating fund transfer from house bank to overseas bank as per requirementsRecovered and processed ISA and Salary Advance in the month installment based on company policy and as per employee requestAccountable for accounting of all bank receipts and payments (employees and vendors)Maintained monthly schedules for employee’s salary payable, loans & advances, social security withholding tax, insurance accordinglyArranged for Vendor Balance Report, Tax Report, Fund Transfer Report, OT Report, Flash report, GL account reconciliation & employee cost variance monthly basisOrganized quarterly leave valuationHighlight:Received Star Performer of the Year Award from 2012

Payroll Key Result Area:Processed salary for about 2000 employees

Payroll Key Result Areas:Processed the salary for about 1200 employees

Accounting Key Result Areas:Involved in auditing in client place Supervised in taking care of complete accounting transactions up to B/SMaintained the bank related matters Checked PF ,ESI ,PT calculation and remittances filingHandled complete employee database and payroll processing, designed CTC and salary break up considering Sodexho Ho Meal Vouchers, designed pay slips with all the statutory deductions and prepared summary of pay slips including leave calculationsPrepared MIS reports with advanced excel formats, formulas i.e., pivot table, goal seek, auto & advanced filters, V lookup, splits and freeze panes Checked PF, ESI, PT, ST, calculations, remittances, fillings i.e., payment for Challans, monthly returns, annual return and PF settlement from, PF Transfer form, etc. Managed employees tax calculations and considered exemptionsArranged for savings, investments and deducted TDS in pay slip every month by issuing form 16 to the employees after the financial year.Undertaken Client Management Skills Training (in house)