Payroll Specialist

Alvotech is looking for a temporary (6 months contract with the possibility of extension) Payroll Specialist The Payroll Specialist is responsible for ensuring accurate and timely payroll processing, maintaining compliance with Icelandic labor laws, collective agreements, tax requirements, and internal policies. The role works closely with HR, Finance, managers, external payroll providers, and government authorities to deliver a high-quality payroll service to employees. Key responsibilities and minimum requirements according to job level: • Process monthly payroll accurately and on time. • Review and validate payroll data, including salaries, overtime, shift premiums, bonuses, allowances, and deductions. • Maintain employee payroll records and ensure data accuracy within HR and payroll systems. • Calculate final settlements, vacation pay, and other employee payments. • Support payroll-related month-end and year-end activities. • Ensure compliance with Icelandic labor legislation, tax regulations, social security requirements, and collective bargaining agreements. • Maintain knowledge of relevant laws, regulations, and union requirements. • Prepare and submit payroll-related reports and declarations to authorities and third-party providers. • Support internal and external audits by providing payroll documentation and reports. • Respond to employee and manager inquiries regarding payroll, taxation, benefits, vacation accruals, and deductions. • Provide guidance and support on payroll-related matters in a professional and confidential manner. • Assist with onboarding and offboarding activities related to payroll administration. Competencies required to fulfill the employee responsibilities and work assignments: • Bachelor's degree in Business Administration, Accounting, Human Resources, or a related field, or equivalent experience. • Minimum 3 years of payroll administration experience. • Strong knowledge of Icelandic payroll practices, taxation, pension administration, and labor market requirements. • Experience working with payroll and HR information systems. • Advanced Excel skills and experience with payroll reporting. • Strong attention to detail and high level of accuracy. • Ability to handle confidential information with discretion. • Fluent in Icelandic and English, both written and spoken. Additional competencies required to fulfill key management responsibilities: • Experience supporting multinational payroll operations. • Knowledge of collective bargaining agreements and union requirements in Iceland. • Experience with payroll process improvement and automation initiatives. • Experience working in a complex or fast-paced organizational environment. Specifics of the role: • The Payroll Specialist is responsible for ensuring accurate and timely payroll processing, maintaining compliance with Icelandic labor laws, collective agreements, tax requirements, and internal policies. Minimum education and experience required for the role: Education: • Bachelor's degree in Business Administration, Accounting, Human Resources, or a related field, or equivalent experience. Experience: • Minimum 3 years of payroll administration experience At Alvotech, we are building a global biotechnology company with a clear purpose: to expand access to high-quality, affordable biologic medicines for patients worldwide. Our people are central to that mission. Across our global teams, we bring together expertise in science, manufacturing, quality and commercial operations to shape the future of biosimilars. We offer a dynamic, fast-moving environment where curiosity, initiative and ownership are encouraged. Rooted in Icelandic values and operating on a global stage, we value collaboration, diversity and integrity across everything we do. Our teams work on meaningful challenges, contribute directly to patient impact, and grow alongside the business. Whether you are at the start of your career or looking to take your next step, Alvotech offers the opportunity to do work that matters, in a company driven by purpose and scale. If you do not see a role that matches your experience today, we still welcome general applications from individuals who share our ambition and want to help improve access to biologic medicines worldwide. If you have any technical issues, please contact: hr@alvotech.com