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Flowserve Corporation Senior Payroll Analyst 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 an English 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:

  • Ownership and responsibility for the end-to-end payroll processing and / or payroll vendor relationship management for a batch of around 400 pay slips for the United Kingdom

  • 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

Preferences:

  • 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

Preferences

  • Excellent written and oral communication skills in English

  • Knowledge of local UK payroll legislation

  • Knowledge of the payroll legislation of another European country is a plus

  • Strong numerical and analytical skills; high attention to detail

  • Excellent research and problem solving skills; ability to complete root cause analysis

  • Great customer service skills with employees even in conflict and complaint situation

  • Ability to plan, organize and schedule duties to meet payroll processing deadlines

  • Ability to process a high volume of detailed work in a short time frame and meet strict production deadlines

  • Ability to work independently, prioritize and work diligently under pressure

  • Ability to identify possible issues in a timely manner and escalate to the right resource

  • Flexibility in regards to working patterns in payroll peak periodAbilityto building strong workrelationships within Flowserve as well as payroll andother thirdpartypartners

Job Posting/Business Card Title: Senior Payroll Analyst

Percentage of Approximate Travel Required: 5%

Primary Posting Location: Budapest, Hungary

Job Posting Category: Human Resources

Employment Type: Full time

Auto req ID: 46355BR

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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