Payroll Controller

• Company

  Morgan Stanley

• Location

  Hungary

• Remuneration

  Competitive

• Position Type

  Permanent

• Employment type

  Full time

• Updated

  21-Oct-2013

• eFC Ref no

  1289295

See job description for details

Position Description

Purpose of the role
•Responsible for Payroll Administration and Accounting for the Hungarian office
•Management of the Monthly Payroll process for Budapest
•Ensure compliance with local employment law and best practice
•Tax and Social security compliance and reporting
•Management of relationship with outsourced Payroll and Benefits vendors
•Collaborate with Global Payroll counterparts for reporting and process improvement.

Key responsibilities
1.Monthly Payroll Process
•Ensure all data is accurately compiled and sent to external Payroll Vendor according to payroll schedule on a monthly basis
•Ensure payroll benefits are reported correctly in each location in partnership with the HR benefits team
•Reconcile payroll output from payroll bureaus
•Act as point of contact for the outsourced Payroll provider
•Ensure payroll procedures are maintained and improved
•Manage the employee and 3rd party payments process
•Reconciliation of Payroll cash accounts
•Ensure that the payroll is accurately booked to the General Ledger
•Balance sheet and expense account reconciliation and sign off

2.Procedures
•To have responsibility for maintaining and developing country procedures to ensure alignment with HR policy and local legislative compliance
•Maintain Budapest Payroll share point site to share latest information
•To be open to introduce and document new methods

3.HR liaison
•Develop and manage the relationship with the local HR team
•To maintain an Issue Log for the country and liaise on a regular basis with the local HR Manager and ensure actions and issues are followed through and resolved
•Issues and actions are documented to agreed standards and reviewed with internal management on a monthly basis

4.Service Management
•Agree and manage service level agreements with outsourced Payroll and Benefit providers
•Participate in setting up any new procedure related to payroll cycle
•Provide timely responses to employee queries
•Provide information to Glasgow or Global Payroll

5.Adhoc duties and projects
•Manage the year-end Payroll process for Hungary
•Provision of monthly metrics to feed European and Global reporting
•Provision of management reporting for compensation expense
•Ad hoc reconciliations between different systems within payroll world

Skills Required

Attention to details is essential;
Is well organized and ambitious on the quality of his/her work;
Good documentation skills are required (toward clients and the team);
Good team player, able to cooperate with other members of the team and other areas within the company;
Ability to manage multiple tasks and work to tight deadlines;
Strong communication skills to ensure that good relationships are developed and maintained with HR, Local Bureau, Payroll Accountants, authorities and the local employee population;
Experience of service delivery and managing outsourced relationships;
Fluent in English;
Knowledge and ability to deal with multiple currencies;
The applicant should be proficient in Microsoft office applications and in particular MS Excel;

Skills Desired

Previous Payroll experience is beneficial;
Prior accounting experience would be beneficial to the role as would an understanding of HR and benefits provision;
Able to manage conflicting priorities and escalate where appropriate;
Basic project management skills to assist with improvement of the local payroll process;
Knowledge and ability to deal with multiple currencies;

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