Flowserve Corporation Payroll Analyst (German speaking) in Budapest, Hungary
Flowserve is the recognized world leader in supplying pumps, valves, seals, automation, and services to the power, oil, gas, chemical, and other industries. With more than 18,000 employees in more than 55 countries, we combine our global reach with a local presence.
Flowserve is looking for a German speaking Payroll Analyst to join a growing HR Shared Service Center for a $4.5Bn Global US based company. The Shared Service Center is based in Budapest, Hungary and serves the EMEA region.
Ownership and responsibility for the end-to-end payroll processing and / or payroll vendor relationship management
Preparation and processing of monthly payroll runs, completing gross-to-net calculation on payroll engine / through payroll vendor
Ensuring all data is accurately compiled, reconciled and transmitted to payroll vendor according to payroll schedule on the agreed frequency
Processing of all types of payments and deductions, including wage loans, payroll adjustments, benefit adjustments, and special payments (bonus, gross-up, per diem, incentive, stock option etc.)
Investigation and correction of errors associated with the auditing of payroll data before the payroll cycle is finalized
Balancing and review of all payroll output and completing all controls and checks in accordance to local regulations, SOX guidelines and Flowserve’s global payroll procedures and best practices
Processing adjustments related to terminated employees, such as payments after leaving, recovery of advance payments/loans, special payment packages in case of redundancy etc.
Preparation and processing of manual, supplementary, and off-cycle/on-demand payments
Payslip generation, handling and distribution through payroll engine / payroll vendor
Managing money movements for salaries, statutory payments (income tax, social contributions ect.) and any other third party payments according to the deadlines defined in the payroll calendar
Tax processing and statutory reporting / filing according to local regulations
Liaising on a regular basis with other teams and vendors in cooperation to ensure actions and issues are followed through and resolved
Third party co-ordination, reporting and data transfer
Employee inquire and resolution co-ordination on payroll and benefit related matters through askHR
Tax year-end processing and filing according to the local statutory requirements
Employee year-end form generation, handing and distribution through payroll engine / payroll vendor
Agreeing on payroll schedules and calendars with payroll vendor in accordance with local regulations and Flowserve’s global payroll procedures and best practices
Benefit administration (healthcare, insurance, fringe benefits etc.) according to local rules
Creating, updating, and maintaining desktop procedures for all payroll, T&A and benefit processes in accordance with local legislative compliance, HR policies and Flowserve’s global payroll procedures and best practices, propose changes for improvement
Assisting in the testing of all system, tax updates, version upgrades and enhancements to the systems as needed
Acting as a back-up for other payroll operations within EMA region upon demand
Excellent written and oral communication skills in English and German
2+ years of experience in working on German payroll
Strong knowledge and understanding of German payroll and tax legislation
College degree in related field required. Master’s Degree preferred.
Experience with working for mid-size / large multination companies as part of a global team
Ability to complete root cause analysis, research and solve outstanding issues in a timely fashion
Strong customer service skills with employees even in conflict and complaint situations
Ability to plan, organize and schedule duties to meet payroll processing deadlines
Ability to process a high volume of detailed work and meet strict production deadlines
Ability to work independently and diligently under pressure with minimal supervision
Has latitude to interpret broad instructions
Performs work that is complex and varied, collects and evaluates information to determine the best course of actions, identifies solution and / or escalates to the appropriate level
Flexibility in regards to working patterns in payroll peak periods
Ability to apply fundamental knowledge of functional concepts and prior experience
Ability to support and participate in the global projects related to field and be involved in process improvement and reengineering
Regularly makes decisions within authorized parameters, originality and ingenuity is often required
Ability to design and maintain end-to-end processes, documentation
Ability to conduct training to others at lower levels on the team upon demand
Ability to maintain relationship with payroll and other third party vendors
Demonstrates professional behavior during work at all times
Required to travel internationally (mainly within EMA) 5-10%.
- The candidate will be able to participate in the global payroll project and be involved in process improvement and reengineering
In this role the candidate will develop further result-driven expertise competencies, specifically in the area of end-to-end process design, documentation, training, monitoring as well as vendor relationship management
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Payroll Analyst (German speaking)
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