Prasanth Kumar Email & Phone Number

Dubai, United Arab Emirates

Senior Payroll Specialist

Dubai, Dubai, United Arab Emirates

Payroll Processing and Administration:•Managed all aspects of payroll processing for 3000+ employees till WPS release, including salary advance transactions and data recovery.•Verified and updated new joiners' salary details following offer letters and incremental documents.•Maintained precise records of employee attendance using HRMS software and tracked annual leave balances.•Successfully processed payroll for five different company entities, ensuring timely and accurate payouts.•Managed the meticulous calculation and processing of annual leave settlements and End-of-service benefits for a vast workforce comprising more than 7,000 employees, spanning both staff and laborers.•Ensured strict adherence to UAE labor laws while calculating EOSB, considering factors such as years of service, salary, and statutory requirements.•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.•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.•Processed day-to-day payment requests, including salary advances and reimbursement claims.•Prepared salary certificates, pay slips, and salary transfer letters as per employees' requests.•Managed payroll-related financial entries, including payment entries, cost bookings, and bank reconciliations.•Prepared and submitted comprehensive MIS reports to management, providing insights into payroll costs, variances, headcount reconciliation, and financial impacts.•Mentored junior team members, providing guidance and approvals for their daily transactions.•Generated monthly payroll reports and assisted in meeting audit requirements.•Calculated and processed monthly sales incentives, bonuses, and annual airfare.

Dubai, United Arab Emirates

Key Deliverables:Payroll Processing•Managed monthly payroll and Overtime for 2000+ employees using HRMS till WPS release and cash disbursements, and handling time sheets, new hire documentation, PTO, and terminations.•Accurately calculated and verified payroll amounts, ensuring data accuracy and confidentiality.•Processed cash salary records for new hires, following UAE labor law regulations.•Calculated and disbursed end-of-service benefits, gratuity, and annual leaves as per UAE labor laws.•Posted payroll transactions in ORACLE system, conducted monthly reconciliations, and generated reports for management.Supplier Account Management•Oversaw 400+ supplier accounts, handling payments, reconciliations, and addressing overdue accounts.•Conducted meetings with suppliers to resolve payment issues.Financial Reconciliation and Reporting•Reconciled daily and monthly bank account statements, cross-verifying with general ledger entries.•Prepared cash flow reports and summaries to provide insights into accounting activities.•Managed PRO petty cash and company-related general expenses.•Accurately recorded purchase invoices in Tally 9.Audit and Reporting•Assisted in quarterly and yearly internal and external audits, ensuring the accuracy and completeness of financial records.•Prepared various management reports as required.

Dubai, United Arab Emirates

•Cash and Transaction Management: Managed daily cash and day books, maintaining detailed financial transaction records. And Entered cash and bank transactions into Tally for precise data management.• Petty Cash and Invoicing: Controlled petty cash disbursements and facilitated settlements for customers and laborers And Raised sales and purchase invoices in Tally.•Account Management and Reconciliation: Oversaw debit and credit customer accounts, conducting regular statement reconciliations. And performed monthly bank reconciliations to ensure financial accuracy.•Payroll and Stock Management: Prepared the monthly payroll register and disbursed employee salaries. And managed monthly stock counts and reconciliations, generating stock movement reports.•Financial Reporting Support: Assisted in preparing financial statements and reporting to the senior accountant, ensuring timely and accurate financial reporting.

Trivandrum, Kerala, India

India

Bachelor'S Degree, Accounting And Finance

Accounting Training Program In Tally, Tally

Diploma Of Education, Computer Application