Global Payroll Accountant

Job Description

What is the opportunity?

This position collaborates with various U.S. and overseas HR/Payroll departments, third-party case managers, and tax firms. The ideal candidate must work efficiently both as a team member and independently, managing multiple priorities simultaneously. All tasks must be handled with strict confidentiality and timeliness while adhering to applicable laws, policies, and regulations. The role demands strong customer service skills—actively listening to employees, understanding their perspectives, and respecting their privacy. Above all, this position takes ownership of issues and sees them through to completion. The role can be high-pressure and demanding during certain periods of the year.

What will you do?

Cross Border/Commuter/Global Payroll:

• Global Payroll employee point of contact for all U.S. employees impacted by the Cross Border Commuting Policy and the Global Assignment Policy for short-term or long-term assignment
• Global Payroll Business Partner point of contact works with tax firms, RBC Cross-Border Advisor, and RBC Global Assignment Advisor as needed to review and take proper action to resolve any issues related to W2, 1042-S, and/or Tax Equalization payments.
• Database maintains listings of employees subject to the Cross-Border Commuting and Global Assignments
• Tax Reporting:
• Expat Billings Payable: process incoming invoices and outgoing wires to reimburse home/host countries monthly, and quarterly, for expatriate (CPP, NIC related) taxes from Canada, and United Kingdom HR/Payroll.
• Provides income and tax Breakdowns to tax firms annually with W2 and 1042S.
• Immigration and Relocation:
• Expat/Inpat COC: request and/or update Certificate of Coverage for US expatriates and provide copies to Weichert and overseas HR/Payroll, as needed. Ensure Inpat COC’s are on file also
• FICA Exemption eligibility: ensures non-resident alien employees are FICA exempt on an as needed basis - based on CoC and/or F1/J1 VISA status for appropriate time period, includes Summer Interns.
• Collects benefit salary information from overseas HR/Payroll for permanent transfers into the U.S., obtain exchange rates and calculate data before providing to HRSC.
• Payroll Processing for  Cross-Border Commuting and Global Assignments
• Balance Sheet Assignees: ensures accurate payroll processing W2/W2C: update of income and taxes based on direction from tax firm as needed via Payroll System
• General Ledger: Reconciles tax benefit liability account monthly and makes adjustments via payroll system and/or journal entry to clear balances based on reimbursement or write-offs.
• Invoicing payroll costs for expatriate employees including verification, funding, and GL journal entries

• Relocation: in addition to the above.

• Reporting:
• Payroll Processing
• works with 3rd party case managers to ensure new transferee and relocation related payments are processed in payroll system accurately and timely
• Processes all relocation related payments (via payroll and/or A/P) and performs manual gross up calculations, as needed
• Performs year-end relocation tax true ups/downs
• Back up for auditing net payment greater than expected and salary increase greater than 10%
• Back up for 401(K) reconciliation and payment on the monthly and semi-monthly payroll cycles
• Backup for making withholding tax deposits
• Backup on health and welfare invoices and premiums
• earnings and tax withholding gross-ups to internal and external business partners monthly for Cross-Border Commuting and Global Assignees
• Performs quarterly relocation expense reconciliation with Weichert
• Provides 3rd party case managers and tax firms with salary and benefit deductions for balance sheet assignees annually

What do you need to succeed?

• Bachelor's degree
• Five or more years of experience in payroll related activities

Nice-to-Have

• Payroll experience in banking or financial services
• Global payroll responsibilities including cross-boarder commuters
• Experience working in SAP

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $55,000-$95,000, depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Additional Job Details

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.