Castrol India | ARC Analyst -Accounting & Reporting Analyst

Responsibilities

• The Castrol entity recruiting for this role is the data controller for the personal information you provide.
• 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.
• 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.
• 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.
• Liaise effectively with HR teams, payroll service providers, tax teams, auditors, and senior stakeholders to ensure seamless payroll processing and reporting.

Experience required

• Minimum of 3-7 years of experience in general and/or financial accounting.
• Maintaining up-to-date knowledge of evolving payroll legislation, labour laws, and tax regulations.
• This may include pre-placement drug screening, medical review of physical fitness for the role, and background checks.

Castrol India Limited

Castrol's Indian business began in 1910, when lubricants were first imported from C C Wakefield and Company. The Indian company was incorporated as Indrol Lubricants and Specialities Private Limited in 1979 and took the name Castrol India Limited on 1 November 1990. It was listed on the Bombay Stock Exchange in 1982 and is now also on the NSE. It makes and sells automotive and industrial lubricants through distributors and retail outlets, and its majority shareholder is the UK-based Castrol group. Its headquarters are in Mumbai.

Its finance openings in India have been in Pune and Mumbai. The Pune role is an accounting and reporting analyst in the accounting, reporting and control function, asking for three to seven years in general or financial accounting and a bachelor's degree in accounting. The Mumbai role is a finance business partner for global technology and central functions, which asks for a degree in finance, accounting or economics and a professional accounting qualification such as ACA, ACCA or CIMA, or equivalent.

• Industry: Automotive and industrial lubricants, including engine oils, greases, gear, hydraulic and turbine oils and metalworking fluids
• Headquarters: Mumbai, India (Castrol India Limited, listed on the NSE and BSE; majority owned by the UK-based Castrol group)
• In India: Castrol India Limited in Mumbai, with manufacturing plants and a distributor network across the country; finance and accounting work also done from Pune