Payroll Specialist

Job Duties

• Good understanding on basic accounting concepts
• Payroll accounting or General Accounting experience, able to handle Month end activities like JV postings, Manual accrual /reclass/ recharges, cost distribution and allocation reporting
• Understanding with Accrual, payment offsets, releases
• Cost trend analysis and analytical thinking to solve the problems and accounting treatment
• Hands-on experience with PIT and Inpat tax calculations/filings
• BS reconciliation preparation and exposure reporting
• Payroll related Statutory payments and reconciliations
• HC and personnel cost variance analysis
• Internal & External audit support and documentation
• Process transition experience
• A high school diploma or equivalent and at least 2 years of related experience required. A Bachelors Degree is preferred.

Role Overview

We are seeking a detail-oriented and analytical Payroll Specialist / Senior Payroll Specialist to manage payroll accounting, financial reporting, statutory compliance, and stakeholder engagement activities. The ideal candidate will possess strong accounting knowledge, payroll expertise, and hands-on experience with payroll-related financial processes and reconciliations.

Key Responsibilities

• Demonstrate a strong understanding of accounting principles and payroll accounting processes.
• Manage month-end close activities, including journal voucher (JV) postings, manual accruals, reclassifications, recharges, cost allocations, and related reporting.
• Handle payroll accounting transactions, including accruals, payment offsets, and release processes.
• Perform personnel cost analysis, cost trend analysis, and provide appropriate accounting treatment recommendations.
• Prepare and review Balance Sheet reconciliations and payroll-related exposure reports.
• Manage payroll statutory payments, filings, reconciliations, and compliance requirements.
• Possess hands-on experience in Personal Income Tax (PIT) and Inpat tax calculations, reporting, and filings.
• Conduct headcount and personnel cost variance analysis and provide actionable insights.
• Collaborate effectively with internal and external stakeholders to support business requirements and ad hoc requests.
• Support internal and external audits by providing accurate documentation and resolving audit queries.
• Participate in process migration, transition, and continuous improvement initiatives.
• Ensure compliance with organizational policies, accounting standards, and statutory regulations.

Qualifications

Qualifications

• Bachelor's or Master's degree in Commerce (B.Com/M.Com), MBA (Finance), CA Inter, or CMA Inter.
• Strong understanding of payroll accounting, financial reporting, and statutory compliance requirements.

Experience

• Payroll Specialist: 3 to 7 years of relevant experience.
• Senior Payroll Specialist: 7 to 13 years of relevant experience.

Knowledge, Skills, and Abilities

Preferred Skills & Expertise

• Solid experience in payroll accounting and general accounting processes.
• Proficiency in SAP, BlackLine, and advanced Microsoft Excel.
• Strong analytical and problem-solving skills with keen attention to detail.
• Excellent communication and stakeholder management capabilities.
• Ability to work independently as an individual contributor while effectively supporting team objectives.

Desired Competencies

• High level of accountability and ownership.
• Strong interpersonal and collaboration skills.
• Flexible and adaptable to changing business needs.
• Confident, proactive, and results-oriented professional.
• Continuous improvement mindset with a focus on operational excellence.

Shift Timing: 7:00 AM to 4:00 PM