Flowserve Corporation Payroll Analyst - German speaking in Budapest, Hungary

Company Overview:

Flowserve Hungary is an Enterprise Shared Services Center supporting our global operations. As part of our long-term vision for the Flowserve Shared Service we will serve the North American and EMEA regions with multi-functional shared services focused on delivering world-class services to our customers.

Position Description:

Flowserve is looking for a Payroll Analyst to join a growing HR Shared Service Center in Budapest for a $4.5Bn Global US based company.

Key Responsibilities:

  • Preparation and processing of monthly payroll runs for various countries in EMA

  • Benefit administration (healthcare, life/disable insurance, fringe benefits etc.) in various countries in EMA

  • Reconciliation, balancing and transmission of all payroll related data to payroll vendor

  • Balancing and review of all payroll output and result as well as completing all controls and checks in accordance to local regulations, SOX guidelines and Flowserve’s global payroll procedures and best practices

  • Investigation and correction of errors associated with the auditing of payroll data before the payroll cycle is finalized

  • Communication with employees on payroll related matters

  • Processing of all types of payments and deductions, including wage loans, payroll adjustments, benefit adjustments, and special payments (bonus awards, gross-ups, per diems, incentives, stock options etc.)

  • Preparation and processing of manual, supplementary, and off-cycle payments

  • Statutory and third party payments and reporting / filing according to local regulations in each country / location

  • Ensuring all data is accurately compiled and sent to Payroll Vendor according to payroll schedule on the agreed frequency

  • Processing adjustments related to terminated employees, such as payments after leaving, recovery of advance payments/loans, special payment packages in case of redundancy etc.

  • Liaising on a regular basis with other teams and vendors in cooperation to ensure actions and issues are followed through and resolved

  • Maintaining and developing country procedures to ensure alignment with HR policy and local legislative compliance, propose changes for improvement

  • Agreeing on payroll schedules and calendars with payroll vendor in accordance with local regulations and Flowserve’s global payroll procedures and best practices

  • Creating, updating, and maintaining desktop procedures for all payroll and benefit processes in accordance with local regulations and Flowserve’s global payroll procedures and best practices

  • 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

Position Requirements:


  • Excellent written and oral communication skills in English and German

  • Knowledge of local Hungarian payroll legislation

  • Knowledge of the payroll legislation of another European country in 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 periods

  • Ability to building strong work relationships within Flowserve as well as payroll and other third party partners


Further possibilities:

  • The candidate will be able to participate in the global payroll project and be involved in process improvement and reengineering

  • In this role the candidate will develop further result-driven expertise competencies, specifically in the area of end-to-end process design, documentation, training, monitoring as well as vendor relationship management

  • The candidate will be expected to constantly development themselves which Flowserve will provide the right tools and trainings for

Job Posting/Business Card Title:

Payroll Analyst - German speaking

Percentage of Approximate Travel Required:


Primary Posting Location:

Budapest, Hungary

Job Posting Category:

Human Resources

Employment Type:

Full time

Relocation Eligible:


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