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.  

This position requires a strong understanding of payroll processes and accounting principles, as well as excellent analytical and problem-solving skills. You will be an interpreter demystifying payroll and accounting terminology to bring the two teams together with a common goal of ensuring accounts are correctly represented and payroll is being processed correctly. You will be an accounting controller embedded within the Global Payroll & Employment Tax team. 

A customer centric focus will be a paramount skill you leverage from your multi-faceted skill toolbox daily. 

Responsibilities include, but are not limited to: 

• 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

Requirements:

• 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  

Additional Skills that would enhance performance in the role: 

• 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 

 

 

For Wilmington, DE Only the salary range for this position is USD$82,000.00 - USD$110,000.00 . Additionally, employees are eligible for an annual discretionary bonus, and benefits including heath care, leave benefits, and retirement benefits. BlackRock operates a pay-for-performance compensation philosophy and your total compensation may vary based on role, location, and firm, department and individual performance.

Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents 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 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. 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 @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an equal opportunity workplace. We are committed to equal employment opportunity to all applicants and existing employees, and we evaluate qualified applicants without regard to race, creed, color, national origin, sex (including pregnancy and gender identity/expression), sexual orientation, age, ancestry, physical or mental disability, marital status, political affiliation, religion, citizenship status, genetic information, veteran status, or any other basis protected under applicable federal, state, or local law. View the EEOC’s Know Your Rights poster and its supplement and the pay transparency statement.

 

BlackRock is committed to full inclusion of all qualified individuals and to providing reasonable accommodations or job modifications for individuals with disabilities. If reasonable accommodation/adjustments are needed throughout the employment process, please email Disability.Assistance@blackrock.com. All requests are treated in line with our privacy policy.

BlackRock will consider for employment qualified applicants with arrest or conviction records in a manner consistent with the requirements of the law, including any applicable fair chance law.