Associate, Global Payroll General Ledger

About this role

The Global Payroll & Employment Tax team at BlackRock is a dynamic and dedicated group of professionals responsible for ensuring accurate and timely payroll processing for our global employees. Our team is committed to maintaining compliance with all relevant regulations and providing exceptional service to our colleagues. We work collaboratively with various internal stakeholders to streamline operations and continuously improve our processes and value precision, efficiency, and a positive work environment.

As Associate in the team, you will be responsible for managing all payroll accounting transactions ensuring all relevant accounting journals are accurately provided to our accounting team for posting to the general ledger. One of your primary focuses will be on maintaining the integrity of our balance sheet accounts by partnering with our accounting team to ensure they are correctly represented and reconciled regularly.

• Payroll vendor General Ledger journals: own the delivery of all Global General Ledger accounting journals from our payroll vendors to our internal accounting team
• Ensure these are delivered on time, accurately and meet the needs of our accounting team
• Serve as the key point of contact should we find any cases of errors or problems
• Employee payroll clearing reconciliations
• Review the employee payroll clearing balance sheet reconciliations to ensure we understand any employee payroll processing breaks that remain
• Own the remediation of employee payroll breaks by holding the Global Payroll teams accountable to actioning remediation where necessary
• Track metrics associated with each country to demonstrate progress of keeping the number of employee payroll accounting breaks
• Partner with the Global Payroll teams where needed to improve processes upstream that may alleviate the recurring employee payroll breaks, we see in the payroll clearing balance sheet accounts
• Tax clearing reconciliations: review the tax clearing balance sheet reconciliations to ensure all tax liabilities have been settled to relevant global jurisdictions timely and accurately
• Partner with the US Tax Compliance Associate to scale the review and reconciliation process in the US considering the many complicated tax jurisdictions
• In partnership with our US Tax Compliance Associate and Compensation Accounting department, develop and implement an improved way of tracking and monitoring the tax transactions associated with prior quarter adjustments and amendments in the US
• Banking reconciliations: reconcile and match all US based banking transactions with our payroll provider to ensure accuracy and completeness in the impound they take from our account
• Restricted Stock Units (RSU) reconciliations: partner with our Employment Tax team and Compensation Accounting team to review and reconcile all RSU vest liabilities, ensuring appropriate payment has been sent to the correct jurisdictions considering a multi-country and mobile employee base
• Reporting: design, build and run payroll reports from Dayforce reporting system for purposes of processing payroll and providing information to internal stakeholders when required
• Address queries from various internal departments such as Compensation Accounting, HR, and the Benefits team
• Participate in the pre and post payroll processing reviews with vendor and ensure proper handling of issues and use of controls to mitigate risk and controls
• Year-end deliverables: deliver upon a successful Cash Bonus and Equity Year End execution for payroll in conjunction with various other internal stakeholders
• Execute on a successful payroll year end close in conjunction with the Global Payroll team and Compensation Accounting team
• Work on department projects, as needed

• Bachelor's Degree required
• 5 to 7 years of payroll and/or accounting experience
• Solid functional knowledge, and a minimum of 5 years' experience in a large payroll department, preferably in the financial services industry
• Strong organizational and time management skills
• Excellent understanding and experience with accounting principles
• Strong verbal and written communication skills and ability to communicate with impact
• Ability to work effectively with cross functional partners and various external vendors
• Advanced analytical skills that enable the candidate to recognize and resolve immediate problems, but also critically assess the root cause with a goal of redesigning and enhancing the process to prevent the problem reoccurring
• Understanding of payroll processing and regulations, including Federal, state, and local specific rules
• Capable of working independently when required but also able to work within a high performing team to achieve a common goal

• Knowledge of Dayforce, Workday, and Service Now
• Accounting and payroll qualification and experience preferred
• Alteryx knowledge a plus
• Advanced knowledge of Excel with strong knowledge of Word and PowerPoint