Renesas Electronics
Sr Payroll Analyst
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Job Description
Renesas is seeking a highly analytical and detail-oriented payroll analyst to oversee and optimize allocated European payroll operations. The successful candidate will join an existing team of three experienced payroll team members, supporting European payrolls across 15+ countries.
Responsibilities
- Responsible for end-to-end monthly processing of company payroll.
- Liaise with current payroll vendors to ensure compliance with local legislative requirements and accurate calculation of wages, tax withholdings, and company deductions.
- Supporting our payroll transformation activities to integrate our HRIS and Vendor payroll systems for improved efficiency and standardization; organization, time management, confidentiality, and data accuracy will be key skills to be successful in this role.
- Validation and collation of all monthly payroll information reported via in-house HRIS (SuccessFactors), i.e., new hires, leavers, compensation changes, personal data updates, pension deductions, statutory leave, ad hoc payments, & processing restricted stock units (RSUs), etc.
- Ensures payroll is input and processed in line with scheduled payroll calendar deadlines.
- Serves as liaison to employees and with third-party payroll vendors to ensure payroll processing accurately reflects company-specific pay policies.
- Audits employees' pay records and reconciles the General ledger to payroll.
- Stays current with changes in the law and tax regulations.
- Issues local tax forms as appropriate in each jurisdiction.
- Identifies opportunities for continuous process improvement.
- Ensures that pension auto-enrollment is applied to new starters as applicable.
- Assists with audits of internal records, tax filings, and related documentation.
- Supports the maintenance of internal controls in line with SOX and SAO compliance.
- Creates and maintains SOPs for payroll.
- Supports any mentoring of payroll department staff for cross-training purposes.
- Management of taxation matters for international assignees, including taking tax advice from outsourced partners where appropriate.
- Generates and responds to enquiries regarding payslips.
- Maintains records and supporting documentation in an organized manner.
- Prepares quarterly reconciliation reports on employee data, fixed, and variable pay.
- Supports global mobility topics where it involves payroll processing for countries responsible.
- Involvement in projects to streamline, integrate, and automate payrolls in the future, i.e., ADP EMEA integration project with SuccessFactors.
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Qualifications
- High level of confidentiality, accuracy, and attention to detail.
- Experienced in more than one European payroll, an advantage.
- Ability to work independently whilst working as part of a team and coordinate the delivery of multiple payrolls within the monthly cycle.
- Experience of liaising with outsourced payroll vendors.
- Applies company policies and procedures to resolve a variety of issues. Has a general proficiency with the tools, systems, and procedures required to accomplish the role. May need to consult with senior/specialist staff members on some technical issues.
- Excellent communication skills, both written and verbal.
- Excellent organizational and time management to accommodate varying time zones within the monthly payroll calendar.
- Works on problems of complex scope where analysis of situations or data requires a review of a variety of factors.
- Exercises judgment within defined procedures and practices to determine appropriate action.
- Strong MS Office skills: Excel incl. pivot tables, Word incl. mail merges, PowerPoint.
- Knowledge of SuccessFactors HRIS will be an advantage, but not essential, training provided.
- Interest in AI technology to simplify checking processes and data analysis.
- CIPP qualification desirable or equivalent level of experience of 2-5 years or more.
Additional Information
Renesas is an embedded semiconductor solution provider driven by its Purpose 'To Make Our Lives Easier.' As the industry’s leading expert in embedded processing with unmatched quality and system-level know-how, we have evolved to provide scalable and comprehensive semiconductor solutions for automotive, industrial, infrastructure, and IoT industries based on the broadest product portfolio, including High Performance Computing, Embedded Processing, Analog & Connectivity, and Power.
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With a diverse team of over 21,000 professionals in more than 30 countries, we continue to expand our boundaries to offer enhanced user experiences through digitalization and usher into a new era of innovation. We design and develop sustainable, power-efficient solutions today that help people and communities thrive tomorrow, 'To Make Our Lives Easier.'
At Renesas, you can:
- Launch and advance your career in technical and business roles across four Product Groups and various corporate functions. You will have the opportunities to explore our hardware and software capabilities and try new things.
- Make a real impact by developing innovative products and solutions to meet our global customers' evolving needs and help make people’s lives easier, safe, and secure.
- Maximize your performance and wellbeing in our flexible and inclusive work environment. Our people-first culture and global support system, including the remote work option and Employee Resource Groups, will help you excel from the first day.
- Are you ready to own your success and make your mark?
- Join Renesas. Let’s Shape the Future together.
Renesas Electronics is an equal opportunity and affirmative action employer, committed to supporting diversity and fostering a work environment free of discrimination on the basis of sex, race, religion, national origin, gender, gender identity, gender expression, age, sexual orientation, military status, veteran status, or any other basis protected by law. For more information, please read our Diversity & Inclusion Statement.
Employment Type: Regular (PERM)
Remote Work Available: No
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