Sameer Samant Email & Phone Number

Thane, Mh, In

Mumbai Area, India

TENURES 1 year & 11 months TRAFIGURA – (Jun 15 to May 17)Manager – Global Payroll Accounting (GPA) 8 years NOMURA (earlier Lehman Brothers) – (May 07 to Jun 15)Asst. Vice President (AVP) – Compensation Control 1 year 11 months JP Morgan – (Jun 05 to May 07)Team Leader - India Payroll 1 year 6 months SYNTEL – (Jan 04 to Jun 05)Sr. Accounts Officer - India Payroll 6 months Mphasis – (Jun 03 to Dec 06)Consultant 1 year Mohan Sriharsh & Associates – (Jun 02 to Jun 03)Audit Assistant Article ship completed in April 2000 and worked with CA Firm Chandra Vijay Shah and Co. till 2001

Mumbai Area, India

GPA supports global regions from APAC to EMEA to LATAM and activities performed as below - Monthly cost booking of staff cost, Actuals as well as Accruals in Global books (as per IFRS) - Bank Reconciliations of Payroll Bank accounts - Substantiation/ Certification of the balances reflecting in Balance Sheet account i.e. reasoning of aging balances and way forward. - MIS – Trend analysis and comments for spikes or dips in the graph - Bonus Reconciliation• Monthly accruals to each regions and entities (approximately 70 entities across globe)• After payments to employees, reconciliation of accruals Vs. Payment (as approved by Sr. Management) at employee level for each entity - Statutory Audit of Payroll related accounts • Employee wise breakup of the staff cost • Trend Analysis of the full year cost and justification for any movement during the year• Bank Reconciliation for Payroll accounts as of year endInternal Control/ Audit Standardization, Reengineering and Ad hoc Projects - Payroll Vendor Migration from Local to Global for standardization - Cleared assessment from Swiss wage department for 2012 cost by providing all back up data. - Centralization of the Compensation accounting activities - Clean up of messy process of secondees to India (Expat). • Error in tax computation of expat Deloitte and rectifying all tax returns of expats. • Corrected inter-company balances and then settlements. - Parallel accounting Reconciliations with regards to Staff cost \ - Bonus Reconciliation Redesign - Transition of Accounting system from SUN to NavisionSoft Skill developedTeam ManagementImplementation of Global practices but at the same time taking care of Local Rules and regulationsInteraction with Different divisions for effectively implementing changes• System Integration process which developed ability to achieve accounting requirement by coordinating with IT division. Understanding their concepts and providing data as appropriate.

Powai , Mumbai

Activities performed by Compensation Control team- ESOP/Deferral Bonus, mark to market valuation at the month end as per IFRS 2 requirement- Bonus Reconciliation- Monthly Personnel Cost booking for regions- Budgeting & Forecasting- Payment of Salaries- Expat/ Global Mobility Co-ordination- MIS on PE cost to Sr. Management as well as Cost Centre owners - Audit/Assessment Handling of Payroll related activities/accountsStandardization, Reengineering and Ad-hoc Projects Transition from Lehman to Nomurao System changes from Mainframe to FLIT & Multiview. Setting up proper roll-ups of GL accounts.o Change in reporting requirements – started producing by region and by division MISMigration of Processeso Travelled to UK 3 times to migrate Deferral Award accrual calculation, Bonus Reconciliation processes and Budget preparation for Global Regions. Also migrated, International salary payment and Cash settlement of deferrals, which was handled by UK HRBook closure deadlines achievement – Rearranged month end closing activities to achieve book closure deadline that helped department to achieve goal of real time invoicingReconciliation of Local Books Vs Global Books for Staff cost related ledgers. Any difference in accounting treatment at regional level is discussed and standardized.India Salary payment from Manual to Online – interaction with different divisions i.e. IT and Legal to set the processRelocation Reimbursement Process - After FBT abolished in India Relocation reimbursement process was reengineered to save FTE efforts and started paying directly through payroll.For India employees Gratuity Trust was created which took care of the gratuity payment to employees.Scenario Preparation for Policy amendments with regards to deferrals i.e. Quarterly financial impact if the different option created for deferral awards to employees.Soft Skill developed - Went through Change Management after NOMURA took over Lehman Brother - Team Management

Mumbai Area, India

Process which were supported India Payroll processing and Payments of 7000 employeesFull and Final SettlementsEmployee query resolution on Income Tax and PF Statutory payments of Income Tax, PF and Profession Tax as per deadlinesAudit support• Reconciliation of Cost with employee wise break-up• Statutory Payment Acknowledgements• Substantiation for Balance Sheet BalancesStandardization, Reengineering and Ad-hoc Projects Vendor Migrations – from Harish Chopra to ADP• Master data transition• Parallel run for 2 months• Input preparation in SAP template• Employee Self Service (ESS) portal go live and use for Input preparationSalary payments from Manual to Online transfer by interacting with various departments such as IT, Legal & Compliances etc.

Mumbai Area, India

Processes worked on during the tenure- India Payroll processing and Payments of 3000 employees- Full and Final Settlements- Employee query resolution on Income Tax and PF - Statutory payments of Income Tax, PF and Profession Tax as per deadlines- Accounting of all payroll related transactions- Audit support• Reconciliation of Cost with employee wise break-up• Statutory Payment Acknowledgements• Substantiation for Balance Sheet Balances• MoM, QoQ and YoY Analysis for recurring audit processAd hoc Project on which worked- In-house Payroll Processing on VB based system called “Vetan”• Master data updating for all employees• Input upload • Reimbursement collection, Verification and system update• Investment Proof collection, Verification and system update• Annual Tax return Filing• Annual PF return filingSoft Skill Developed- Output Accuracy by implementing controls before the deliveries- Excel commands and use of macros- Dealing with Auditors and external assessing authorities- Interaction with Employees to guide and explain Tax requirements

Mba, Finance, First

Ca Inter, Accounting And Finance, First