Rashid A.

Rashid a.

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location of Rashid A.South Delhi, Delhi, India
Phone number of Rashid A.+91 xxxx xxxxx
Followers of Rashid A.569 followers
  • Timeline

    Mar 2009 - Nov 2013

    Senior Executive Payroll & Accounting

    Thomson Reuters
    Dec 2013 - Nov 2016

    Assistant Manager Payroll Accounting, Tax, compensation and benefit (C & B)

    The Gem and Jewellery Export Promotion Council (India)
    Jan 2017 - Aug 2022

    Assistant Manager-2 (Deputy Manager)I Payroll, C & B and Payroll Accounting

    R1 RCM
    Gurgaon, India
    Current Company
    Aug 2022 - now

    Manager-Payroll, Total Reward & HR operations

    Canara HSBC Life Insurance
  • About me

    Payroll processing| |Total Reward| & HR Operations | compensation and benefit management l Human Resource management l Payroll Accounting l Salary tax computation & management

  • Education

    • The institute of chartered accountants of india

      2007 -
      Ca intermediate gr 1 general accounting, taxation, strategic management
    • Indian institute of management, shillong

      2023 - 2024
      Post graduate certificate in human resource management compensation and benefit management, human resources management/employee development
    • Calcutta university, kolkata south city college

      2000 - 2003
      Bachelor’s degree business/commerce, general
    • Narsee monjee institute of management studies

      2015 - 2017
      Master of business administration (m.b.a.) finance (major) and human resources (minor) first class
  • Experience

    • Thomson reuters

      Mar 2009 - Nov 2013
      Senior executive payroll & accounting

      •Handled end-to-end functions of payroll, Payroll processing, Income Tax computation, Compensation and Benefits Management, Statutory compliances, preparation of Reports, Bank remittance, Grievances Handling, Query resolution & Reimbursements.•Managed an effective payroll process with 0% error and 100% employee satisfaction along with timely & accurate processing of payroll.•Reconciliation of Salary Register with Payroll Inputs with 100% accuracy to maintain the 100% net payout to all the employees.•Prepared and shared the Salary Jvs and other payroll reports like PF, PT, and ESI reports to respective teams for timely remittances.•Responsible for solving the grievances, and queries of the employees regarding Pay slips, Reimbursement, Income Tax, and Investment Proof.•Supervised and coordinated the activities of payroll staff and manage payroll workload to meet operational requirements.•Acted as a primary payroll contact, working cross-functionally with other departments and business units to discuss potential issues, impacts, and solutions as they relate to payroll processing.•Understanding and ensuring compliance with government regulations, internal controls, procedures, and policies. Participated in internal and external audits.manual checking of control reports, and generating error-free & timely outputs.•Ensured payroll is processed in an accurate, compliant, and timely manner and directed the preparation of payroll-related documents such as SOP.•Supported all internal and external audits related to payroll and processed payroll checks for executive staff.•Oversee all manual payroll activities including the filing of PF returns and ESI returns & tax computations.•Responded to employees' inquiries on the status of their T & E claims.•Following up with investment declaration at regular intervals and responding to related queries.•Journal adjustments/accruals, vouching of salary, payroll tax, and payroll reclassifications. Show less

    • The gem and jewellery export promotion council (india)

      Dec 2013 - Nov 2016
      Assistant manager payroll accounting, tax, compensation and benefit (c & b)

      -Executed Journal adjustments/accruals, vouching of salary, payroll tax, and payroll reclassifications.-Oversee all manual payroll activities including the filing of PF returns and ESI returns & tax computation.-Create, maintain, and manage liaisons between different departments and outside forces to establish and ensure a perfect and working payroll system.-Liaisoning with HR personnel for data input for monthly payroll for branch offices.-Resolved employees' queries on time with minimal escalations and encouraged them for their feedback for improvement in areas as required.-Coordinated and attended auditors and maintained payroll reports and related activities for the production of financial statements and reports. Preparing monthly financial reports to internal management and to the central finance team, ensuring a high level of accuracy within agreed deadlines.-Liaise with cross-functional teams (Admin/IT/HR etc.) for month-end provisions or any other issues/support required.-Ensured all employee-related tax compliances (declaration/investment submission) and trained new employees as and when needed.-Ensured timely submission of TDS details to the Tax Team. -Processed Reimbursement of Medical/LTA/Other Reimbursements as per I.T Act.-Preparation of monthly audit schedules for P/L and BS.-Reviewed, analyzed, and verified payroll reports and documents for accuracy; makes necessary adjustments or corrections through journal entries or other established procedures.-Conducted ongoing training for payroll staff to ensure productivity and knowledge of overall processes are maintained and improved. Show less

    • R1 rcm

      Jan 2017 - Aug 2022

      -Managed and handled end-to-end function of payroll for 13000 employees across India region and the Philippines which includes managing relationships with HRMs, finance, external service providers, HR ops, and other relevant stakeholders. Manage the team who supports the day-to-day processing of India and Philippines payroll which includes salaries, bonuses, commissions, and other special pay.-Conducted NHO for new hires and responded to complex payroll-related inquiries from employees and/or key stakeholders. Provide timely responses to inquiries from HR, accounting, managers, employees, government, and other third-party agencies utilizing knowledge and interpretation of policies, procedures, and legislation.-Led all audit projects for the payroll audit, corporate audit, ICOFR audit, US GAAP audit, and internal and Stat audit. Ensuring closure of all the payroll audits as per timelines and plugging the gaps based on audit observations.-Led the daily/monthly/quarterly salary reconciliations and tax filing requirements, including year-end reporting, reviewing Form-16, and preparing details required under sections 43B and 80JJAA under the income tax act.-Prepared variance analysis to explain the period-over-period change. Review new hires, terminations status changes, tax changes, deductions, and retroactive adjustments.-Led all retirement plans for PEP- PF, gratuity, and superannuation. Work involves making all statutory contributions, filing returns, management of independent trusts, and governing trusts. Comply with the statutory requirements (EPF, ESIC, LWF, Bonus, professional tax, and TDS on payroll).-Ensured solid understanding, interpretation, and accurate administration of all C & B policies, procedures, and relevant local laws for relevant stakeholders including HRMs and employees.-Responsible for accurately executing payroll and benefits-related changes from the PMP cycle for the India region. Show less

      • Assistant Manager-2 (Deputy Manager)I Payroll, C & B and Payroll Accounting

        Jul 2020 - Aug 2022
      • Assistant Manager-1-Payroll, Accounting & HR Ops

        Jan 2017 - Jun 2020
    • Canara hsbc life insurance

      Aug 2022 - now
      Manager-payroll, total reward & hr operations

      Payroll and Exit Management:-Oversaw and managed the end-to-end India payroll cycle, including collating input data, reviewing output, handling statutory filings, and processing payroll for a workforce of 10,000 full-time employees in India. This also involved managing the Flexi Benefit Plan (FBP) processing and overseeing benefits like Leave Travel Allowance (LTA), Car Lease, and meal vouchers, NPS etc.-Took ownership of end-to-end payroll accounting and reporting, ensuring strict adherence to policy controls, meeting Turnaround Time (TAT), Service Level Agreements (SLAs), and Key Performance Indicators (KPIs), while also ensuring compliance with labor laws.-Coordinated off-cycle payments and special incentives for the sales team, as well as bonus payments.-Reviewed reconciliations of payroll-related Balance Sheet General Ledger (GL) accounts, prepared balance sheet schedules, and ensured the accuracy of all Payroll S&T-related accounts. Collaborated with the accounting team to ensure proper booking of payroll costs, statutory deductions, and taxes related to employee payments.Compensation and benefit Management:-Worked collaboratively with C &B team and HRBPs fot finalization of annual salary review and bonus processes.-Compiled and analyzed HR Data from different stakeholders. Interpreting employee cost data and identifying trends and patterns.-Performed annual PMS exercise (Salary revision, rationalization and performance pay calculations).-Partnered with Sector & Corp for management all Payroll and Benefits administration related systems (including Cross Charges) for India Region employees. Supporting and work collaboratively with FP&A team and other operational finance teams.-Prepared cost impact analysis on account of MOM changes in fixed and variable pay out. Sharing forecasts and budgets with Finance head and communicating the variances if any. Show less

  • Licenses & Certifications

    • International financial reporting standard-ifrs