ARC Analyst -Accounting & Reporting Analyst

About the team

The ARC Analyst is accountable for ensuring accurate and timely payroll accounting, reporting, statutory compliance, reconciliations, employee taxation activities, and payroll-related financial reporting while ensuring adherence to policies and procedures operational excellence, strong controls, and compliance.

Key tasks

• Ensure accurate and timely delivery of end-to-end payroll accounting activities (i.e., payroll journal postings, GL maintenance, payroll accruals, system postings, report preparation, reconciliations, statutory submissions, employee tax accounting, etc.) in accordance with SLAs.
• Support timely and accurate monthly, quarterly, and annual financial reporting by ensuring proper accounting and disclosure of payroll-related transactions in compliance with Group Accounting Policies, Indian Accounting Standards, and statutory requirements.
• Manage monthly and quarterly payroll close activities and ensure timelines are adhered to. Perform analytical reviews of payroll costs, employee benefits, provisions, and statutory liabilities to ensure accuracy and completeness.
• Support timely and accurate compilation of payroll-related tax accounts, employee taxation records, statutory returns, and audit schedules. Interface with internal and external auditors and support smooth completion of payroll-related audits.
• Ensure compliance with Indian labour laws, payroll regulations, employee taxation requirements, provident fund, employee state insurance, professional tax, gratuity, and other statutory obligations wherever applicable.
• Manage and coordinate payroll reconciliations, including payroll systems to general ledger reconciliation, statutory liability reconciliations, employee deductions, and payroll clearing accounts to ensure discrepancies are identified, investigated, and resolved promptly.
• Ensure timely submission of payroll-related statutory payments, returns, and regulatory filings in accordance with legal requirements and company policies.

Experience required

• Bachelor’s Degree in Accounting.
• Minimum of 3-7 years of experience in general and/or financial accounting.
• Ensuring 100% accuracy and timeliness of payroll accounting, statutory payments, employee taxation, and financial reporting within agreed service levels.
• Maintaining up-to-date knowledge of evolving payroll legislation, labour laws, and tax regulations.
• Managing payroll processing, accounting, and reporting activities within strict monthly, quarterly, and annual deadlines.
• Maintaining strong controls over payroll data while handling confidential employee information.
• Reconciling multiple HR, payroll, and finance systems and resolving discrepancies within tight reporting timelines.
• Liaising with employees, HR teams, payroll vendors, auditors, and stakeholders across different geographical locations and time zones requiring rigorous coordination and communication.
• Driving automation and continuous process improvement while ensuring compliance with internal policies and statutory regulations.
• Provide relevant payroll accounting and compliance advice to HR, Finance, employees, and business stakeholders as and when required.
• Regularly track and resolve outstanding payroll accounting, taxation, and compliance issues that have been escalated, or further escalate to the necessary parties.
• Proactively identify, propose, and implement continuous improvement, standardization, automation, and digitalization opportunities within payroll accounting and reporting processes.
• Liaise effectively with HR teams, payroll service providers, tax teams, auditors, and senior stakeholders to ensure seamless payroll processing and reporting.