Analyst - Payroll, Finance

Arcesium is a global financial technology firm dedicated to solving complex data-driven challenges faced by leading financial institutions worldwide. As a company at the forefront of innovation, Arcesium continually evolves its platform to anticipate risks and deliver advanced solutions that drive transformational business outcomes. With a strong market presence and ambitious growth plans, Arcesium fosters a culture of intellectual curiosity, proactive ownership, and collaboration, empowering employees to contribute meaningfully from day one while accelerating their professional development.

We are seeking a detail-oriented Payroll Associate to join our Payroll team. In this role, you will support the end-to-end monthly payroll cycle and ensure compliance with statutory and regulatory requirements across the jurisdictions where we operate.

Key Responsibilities

Payroll Processing Support:
- Process monthly payroll inputs including attendance, leave, overtime, reimbursements, and data related to new joiners and exits.
- Validate payroll data for accuracy and completeness, identifying and resolving discrepancies before payroll runs.
- Generate and distribute pay slips, tax statements (such as Form 16), and other payroll-related documents to employees.
- Reconcile payroll registers against the general ledger and investigate any variances.
- Maintain payroll trackers and update employee master data within the HRIS/payroll system.
- Ensure timely and accurate final settlements for exit employees.

Statutory & Regulatory Compliance:
- Compute and remit statutory dues such as Provident Fund (PF), Professional Tax (PT), and Tax Deducted at Source (TDS) promptly.
- Prepare and file periodic statutory returns (e.g., PF ECR, PT returns, TDS/Form 24Q) within prescribed deadlines.
- Monitor changes in payroll-related labor laws, tax, and social security regulations, escalating impacts to the team.
- Support actuarial valuations and coordinate with accounting and decision-making processes.
- Ensure compliance related to Gratuity Trust, including accounting, auditing, and taxation.
- Prepare documentation for statutory audits, inspections, and internal compliance reviews.

Documentation & Audit Support:
- Maintain accurate, audit-ready records of payroll transactions, statutory filings, and compliance certificates.
- Assist internal and external auditors by providing payroll data, reconciliations, and compliance evidence during audits.
- Perform regular reconciliations of payroll general ledgers.
- Help prepare standard operating procedures (SOPs), checklists, and process documentation for payroll compliance activities.

Stakeholder Coordination:
- Respond to employee queries regarding pay slips, deductions, tax declarations, and statutory benefits.
- Liaise with HR, Finance, and external consultants such as statutory auditors and PF/ESI consultants.
- Collaborate with Finance on payroll-related accounting entries and cost allocations.
- Review and distribute offer letters prepared by the payroll vendor within agreed timelines.
- Provide management information system (MIS) reports to relevant teams as scheduled.

Required Qualifications
- Bachelor’s degree in Finance, HR, Accounting, Business Administration, or an MBA with 3-5 years of relevant experience.
- Strong knowledge and understanding of end-to-end compensation, payroll, finance, and IT processes, with hands-on experience using ADP, Oracle, or Tally in a global organization.
- Excellent interpersonal, oral, and written communication skills, with the ability to build strong relationships across global, regional, and local stakeholders.
- In-depth knowledge of India tax and regulatory compliance.
- High accuracy and attention to detail.
- Ability to handle sensitive data with confidentiality and sound judgment.
- Strong team player with ownership mentality to drive strategic objectives.
- Adaptable and creative problem-solving skills.
- Experience engaging senior internal and external stakeholders, including auditors and regulatory authorities.

Arcesium is committed to equal opportunity employment and values diversity in its workforce. Join us to be part of a dynamic environment where your expertise will contribute to shaping the future of financial technology.