Head - Payroll - FMCD/FMCG

- Responsible for handling Salary Processing for 40,000 plus employees out of which most of them are blue collar employees.

- Managed the processing of monthly payrolls and salary disbursements, including special runs, garnishments, benefits, payroll deductions, and taxes.

- Handling Reimbursements, Perquisites Valuations, Exemptions as per Income Tax Rules and Regulations, processing investment declaration given by employees to facilitate tax planning on Monthly Basis.

- Capable of Processing One-time payments like Bonus, Performance rewards, etc.

- Making sure that M.I.S. (Management Information System) is updated on monthly basis.

- Handling various Employee Reimbursements like, petrol, credit card, telephone, entitlement wise & as per company policies.

- Handling Statutory Compliance for Salary TDS, Quarterly & Annual TDS Filling, Immediate Resolution for Queries Raised by Income Tax Department as per SLA Defined by Company.

- Taking lead in finding the key improvement areas of department & its automation, implementation.

- Partnered with Accounting and HR teams in aligning and implementing a more sophisticated payroll and benefits system, including journal entries, account reconciliations, reporting, integration/syncing with other systems, improving reliability of data, and other related functions.

- Critically reviewed and analyzed current payroll, benefits and tax procedures (TDS, etc.) and related salary issues in order to recommend and implement changes leading to best-practice operations; update, communicate, and maintain Payroll Policies & Procedures.

- Overseeing payroll records by reviewing and approving changes in exemptions, insurance coverage, savings deductions, and job titles, and department/ division transfers.

- Review each payroll prior to submission, paying special attention to payroll changes made by staff, to ensure accuracy, timeliness and conformity with company guidelines.

- Managing successful transition from manual to automation process (If required)