Payroll Analyst

Budapest, Hungary
Jun 25, 2023
Jul 01, 2023
Job Function
Industry Sector
Finance - General
Employment Type
Full Time

About this role

The Payroll EMEA team works within an outsourced operating model with three payroll service providers across the region. As a result, the Payroll EMEA team is responsible for managing the vendor relationships, flow of data and queries between BlackRock, those payroll vendors, and employees, as well as internal projects and initiatives. The team works with the vendors to ensure BlackRock employees receive their compensation timely and accurately, in full compliance with all payroll laws and regulations.

The Role:
  • Support and own various European, Middle Eastern or African country payrolls as required
  • Responsible for various payroll processing responsibilities, including but not limited to:
    • Gathering and processing inputs received from various stakeholders, including Global Mobility, Multi-Country, Compensation, Deferred Compensation, Recruiting teams and Managers, among others as necessary
    • Process new hires, terminations, transfers and validate payroll vendor calculations
    • Validate and audit payroll output reports received from payroll vendors, whilst ensuring all earning and deduction inputs have been appropriately captured (including those processed through automated data feeds to our vendors)
    • Reconcile gross pay between Workday and Payroll vendor output reports and investigate unbalanced items
    • Maintain appropriate checklists to ensure vendor and BlackRock payroll follow agreed upon processes
    • Manage the payroll vendors timeliness and deliverables to achieve all requisite activities, including holding them accountable to their deliverables
  • Complete post payroll tasks including liaising with our Compensation Accounting department on unreconciled clearing account items
  • Arrange payroll disbursements to employees and tax authorities ensuring compliance with due dates
  • Execute and comply with all Sarbanes Oxley (SoX) controls
  • Coordinate and manage annual payroll deliverables
  • Communicate with Tax authorities and other public offices regarding various tax queries
  • Co-manage team mailbox for internal queries
  • Respond and resolve employee queries through internal ticketing system
  • Participate in monthly payroll reviews with vendors and ensure proper handling of issues and action items
  • Suggest and help implement process improvements and best practices as appropriate
  • Participate and deliver upon department payroll projects as required
Experience and Attitude:
  • 2 - 3 years relevant payroll experience in a similar role, including experience with high volume payrolls (i.e. 500+ employees)
  • Good practical and theoretical knowledge of payroll
  • Ability to manage multiple tasks, in an organized manner, and adhere to strict completion deadlines
  • Demonstrated ability to work well as part of a team and excel in a fast-paced, high-intensity environment
  • Strong analytical skills that enable candidate to recognize and resolve problems
  • High proficiency with Microsoft Excel (i.e. Index Match / vlookup / Pivots / Power Query)
  • Experience working with Workday is an advantage
  • Excellent written and verbal communication skills and ability to interact with all levels of the organization
  • Bachelor's degree or equivalent by experience
  • Financial services and/or investment banking industry experience is preferable
  • Experience within managing any EMEA country payroll and understanding the legislation of any EMEA country is an advantage
  • Experience in working with payroll vendors and ICPs
Key competencies
  • A high level of attention to detail
  • A positive and 'can-do' attitude
  • Risk Management
  • Teamwork including collaborating with remote team members
  • Problem solving
  • Desire and ability to provide outstanding service to internal clients
  • Adaptability / Resilience
  • Communicate with impact and excellent communication skills
  • Proven ability to manage competing priorities and meet tight deadlines
  • Ability to identify, analyze and develop improvements to processes and/or procedures
  • Discretion in dealing with confidential information
  • Payroll project work

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work model

BlackRock's hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 3 days in the office each week, with the flexibility to work from home up to 2 days a week; some business groups may require more time in the office due to their roles and responsibilities. Beginning in September, all employees will shift to at least 4 days in the office per week, with the flexibility to work from home 1 day a week. We remain focused on increasing the impactful moments that arise when we work together in person - aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit | | Instagram: @blackrock | Twitter: @blackrock | LinkedIn:

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.
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