Prashant Narkar Email & Phone Number

Mumbai, Mh, In

Mumbai, Maharashtra, India

Mumbai, Maharashtra, India

 Payroll Management –o Plan, schedule and manage end to end payroll activities on time & error free processing of payroll for 5500+ full time and 40000+ part time employees including senior management through a team of 4.o Manage separation process for employees leaving the service of the company. Verify all required documents and calculate pending dues, unpaid salary, incentives, bonus, leave encashment & Overtime. Ensure on time settlement and release of payments.o Ensuring reports and reviews are undertaken as per frequency defined and monitoring compliance as per audit guidelines. o Ensure Statutory Compliances related to labour laws and designed payroll SOP’so Instrumental in automation of payroll processes to improve efficiencyo POC or all payroll related reporting, provision and analysis o Implement changes to salary structure and manage downstream impacto Manage all liaison with internal and external auditors Statutory Compliances:o End to End management of Provident Fund withdrawals, PF transfer and UAN related queries. o Payments of statutory dues including Provident Fund, ESIC and Professional Tax before due date & handling form 16.o Processing Gratuity payment for eligible employees. Achievements –o Instrumental in automation of payroll function in order to assure efficient and effective results. o Redesigned referral, joining, deferred bonus and Notice pay reimbursement templateso Identified and rectified gaps in statutory payout logicso Manage to identify and control excess payments through payroll. o Awarded as “Rise awards” for implementation of process improvement ideaso Manage to close all the previous open Audit items within timeline

 Payroll Management –o Plan, schedule and manage all payroll activities on time & error free processing of payroll for 500+ employees including senior management.o Manage separation process for employees leaving the service of the company. Verify all required documents and calculate pending dues, unpaid salary, incentives, bonus, leave encashment & Overtime. Ensure on time settlement and release of payments.o Prepare and Implement HR Policies and Procedure as per senior management requirement.o Ensuring reports and reviews are undertaken as per frequency defined and monitoring compliance as per audit guidelines. Provide the auditors with requested documents and data on authorization from immediate manager and provide support for regulatory compliances.o Drive key HR processes like on boarding, confirmation and Annual Increments.o Salary fitments for new joiners. HRIS Management: o Initiated and designed the HR Information system along with the management and technology team.o Developing system to incorporate payroll related data. Investment Declaration:o Guiding Employees in their Tax Planning.o Scrutinizing the investment declarations as well as proofs. Statutory Compliances:o End to End management of Provident Fund withdrawals, PF transfer and UAN related queries. o Payments of statutory dues including Provident Fund, ESIC and Professional Tax before due date & handling form 16.o Filling up ESIC, PF and Gratuity form from Employee.o Processing Gratuity payment for eligible employees.o Filing of Statutory Returns like MLWF, Maternity Benefit, POSH, SAE, Minimum Wages and Bonus Returns with respective authority before due date.  Achievements –o Instrumental in automation of payroll function in order to assure efficient and effective results. o Implemented process for employee nomination.o Redesigned the salary structure to comply minimum wages act.o Manage to identify and control excess payments through payroll.

Dhirubhai Ambani Knowledge City, Navi Mumbai

 On-boarding and Induction – Payroll –o Responsible for monthly end to end payroll processing, including verification of input and output.o Validate input with master file input validation and processing.o Coordinate with various departments to obtain timely new joinee, resignee, and status changes information every month.o Check for discrepancies & ensure timely correct disbursement of salary.o Preparing bank report for salary disbursement.o Checking statutory reports such as TDS, PF, PT, and ESIC.o Preparing manual tax register to check TDS calculation with the system tax register.o Validating Form 16 database and quarterly returns data. Separation/Exit/Retirement – o Sharing FnF inputs with vendor after validation.o Checking FnF salary and Tax register against Inputs and master file.o Responsible for checking benefits/ compensation and recovery if any such as Gratuity, Leave encashment, Super annuation, severance pay, salary adavnces, loan.o Responsible for Employees PF settlement and experience letter. Additional Responsibilities –o Preparing and maintaining various MIS Reports like new joiner tracker sheet and salary related reports as per management requirement.o Organizing employee engagement programs, employee safety, welfare, wellness and health programs.o Raising invoices for salary and taking follow-up for funds to credit employee’s salary on time.o Uploading data in system such as salary revision, promotion, designation change, new joinee salary structure and sending letters to the respective employees. Projects –o Prepared statutory bonus calculation manually for FY 14-15 and FY 15-16 as per amendment for approx 12000+ employees.o Prepared Cost impact for current fiscal year revised ESIC amendment by protecting Gross and Net Salary. o Planning and execution of quarterly and annual Reward and Recognition ceremony for approx 100+ employees.

Mumbai, Maharashtra, India

 Client name “Eureka Forbes” in SAP. From Oct 2012 to Mar 2014.• Day to day clearing of Deposit slips and Cheque Dishonors entries.• Passing entries for Fund Transfer & Bank Charges.• Preparing Bank reconciliation Statement on fortnightly and monthly basis for various regions.• Follow up with respective regional persons of Eureka Forbes to solving issues.• Weekly MIS reporting of Cheques on Hand and Delay in clearance to respective Region head. Client Name: “CRY” in Finaq, DMS & FMS. From April 2012 to Sep 2012.• Day to day cash as well as bank transaction reports & entries in Finaq, DMS & FMS.• Passing entries for cash and bank vouchers. • Checking the attendance and one time input for the employees.• Processing salary and maintaining salary record i.e. PF, Mobile reimbursements, Advance payments, Vehicle reimbursements, Medical reimbursements and others documental work. • Maintaining proper filing and record keeping of expenses bills and other useful documents related to day-to-day activities.• Maintained petty cashbook, stocks registers and regularly followed-up for renewal of rent/lease agreements issues of branches.• Monthly telephone bill and vendor bill payments.• Compiling MIS Reports of all sites for budgeting like Electricity, Stationary, Telephones etc. Client Name TAJ Sats Pvt Ltd. From June 2011 to March 2012• Maintaining various MIS Reports. Debtors ageing reports Flight wise reports Sales reports Imprest money reports• Analyzing the MIS reports for the monthly or quarterly review for Profit & Loss Account.• Follow-up with the customers for the collection of receipts.• Maintaining Stock reports.• Maintaining reconcile statement for the daily, monthly and quarterly sales for flight wise, product wise as well as for Imprest Money.• Co-ordinate with region head to resolve the query and help them to resolve their query.

• Assisting team members to get rewards and recognition in order to increase performance efficiency and for improving quality • Expertise at providing quality customer services and resolving customer queries and complaints, targeting customer care, satisfaction and retention• Assessed training needs and arranged training sessions to keep skill-level of the men up-to-date with global standards and penetration information for knowledge enhancement and performance improvement. Set up a structured feedback mechanism to assess effectiveness of the training programs• Proactive in leading administration related activities & ensuring optimum & effective utilization of resources. Ensuring effective rendering of services to enable smooth flow of day to day operations • Actively involved in team management and successfully handling team briefing thereby ensuring proper flow of information among the team members• Responsible for monitoring team performance through timely feedbacks, thereby ensuring overall team productivity and quality• Set performance parameters/ designed employee, delegated work, checked delivery standards and gave feedbacks• Assessing current performance and services to recommend process improvements to maximize customer satisfaction• Assisting the team in production and quality checking as and when required.• Expertise in process improvement by providing innovative ideas to improve the accuracy. • Proficient in downloading, sorting and prioritizing the work.

Bachelor Of Commerce (Bcom), Accounting And Finance

Ssc