Location: Wilmington,NC, USA
About this role
The Americas Payroll Team at BlackRock is a dynamic and dedicated group of payroll professionals responsible for ensuring accurate and timely payroll processing for employees across North and South America. 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 payroll operations and continuously improve our processes and value precision, efficiency, and a positive work environment.
As an Associate in the Americas Payroll Team, you will be responsible for coordinating the processing of the US and Canada Semi-Monthly & US Bi-Weekly payrolls within an outsourced operating model. You will be responsible for ensuring on time and accurate delivery of ~10,000 headcount US payrolls leveraging technology to create scale whilst upholding a high attention to detail for accuracy, ensuring BlackRock remains compliant with all local, state and federal requirements.
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 Processing:
* Coordinate the semi-monthly & bi-weekly payroll processing for ~10,000 US and Canadian employees
* Prepare data input files for the payroll
* Review payroll for errors and verify all pay entries have been processed
* Verify Gross Payroll Reconciliation breaks and address as needed
* Review Interface errors on a daily basis
* Process time tracking semi-monthly interface
* Process check requests, wire payments, stop payments and direct deposit reversals, as needed
* Maintain weekly Manual Check, Void Check and Stale dated check logs
* Review direct deposit error reports and communicate any changes to employees
* Prepare Restricted Stock Unit, Bonus, and Stock Options T+1 Payrolls on an as needed daily basis - prior knowledge of next day deposit filings required
* Coordinate update of Visa Status changes and applicable tax statuses
* Compliance:
* Conduct proactive and in-depth self-audits to ensure ongoing accuracy, but also identify and recommend ongoing improvements and enhancements to the way we operate
* Remain up to date with federal, state and local payroll laws and regulations making recommendations to your manager on changes that impact our operations and compliance with changes regulations and laws
* Prepare prior quarter adjustments in partnership with the US Tax Associate
* Reporting:
* Design, build and run payroll reports from Dayforce reporting system for purposes of processing payroll and providing information to internal stakeholders when required
* Collaboration:
* Address queries from various internal departments such 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
* Manage ServiceNow employee tickets and respond to employee inquiries on a daily and regular basis
* 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 US Payroll Tax Associate
* Work on department projects, as needed and including but not limited to
* Participate and facilitate activities related to new mergers and acquisitions that may arise where they are impacting the US & Canada payrolls
* Partner and assist colleagues and internal stakeholders related to current ongoing acquisition activities in United Kingdom, India and Australia.
Skills Required:
* 5 to 7 years of payroll experience
* Strong organizational and time management skills
* Excellent understanding and experience with multi-location, multi-state payroll processing and withholding taxes
* 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
* Solid functional knowledge, and a minimum of 5 years' experience in a large payroll department, preferably in the financial services industry
* 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
* Bachelor's Degree required.
Additional Skills that would enhance performance in the role:
* Knowledge of Dayforce, Workday, Service Now,
* Certified Payroll Professional preferred
* Alteryx knowledge a plus
* Advanced knowledge of Excel
* Strong knowledge of Word and PowerPoint
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 and Affirmative Action Employer. We evaluate qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
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.