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Flowserve Corporation Payroll Analyst (German speaking) in Budapest, Hungary

Company Overview:

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.

Position Description:

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.

Position Requirements:

Key Responsibilities

  • 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%.

Further possibilities

  • 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

Job Posting/Business Card Title: Payroll Analyst (German speaking)

Percentage of Approximate Travel Required: 10%

Primary Posting Location: Budapest, Hungary

Job Posting Category: Human Resources

Employment Type: Full time

Relocation Eligible: No

Auto req ID: 44161BR

Country: Hungary

Flowserve is an equal opportunity employer and makes employment decisions without regard to race, gender, disability or protected veteran status. Click here to learn more. Flowserve will also not discriminate against an applicant or employee for inquiring about, discussing or disclosing their pay or, in certain circumstances, the pay of their co-workers Click here to learn more.

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