Back to search
Payroll and Benefits Specialist. To £75,000
This leading financial services organisation has an excellent reputation and is continuing to grow. As a result of this they are now looking for a payroll and benefits professional to join their extremely friendly City of London team. This will be a hybrid role with two days a week in the office. CIPP qualification would be highly beneficial.
The main function of the role will be managing the company and its client's payroll and benefit activities and ensuring that these run smoothly, efficiently and accurately.
Duties will include:
Own and manage end to end payroll operations for multiple UK and overseas client entities.
Lead Client on-boarding to payroll systems, ensuring HMRC registration and all payroll set up complies with payroll legislation. Act as a strategic partner to clients, delivering seamless transitions through clear communications and project management.
Strategically plan and execute tax year end processing, including P11D(b), P60s and Directors NI reconciliation. Ensure full compliance in UK and overseas tax authority requirements. liaising with HMRC and other bodies when needed.
Take ownership of client pension administration including auto-enrolment, on-boarding, off-boarding and ad-hoc adjustments. Develop and implement strategies to optimise pension processes and ensure ongoing compliance with UK and overseas legislation.
Lead and manage the annual benefits renewal process for all clients. Responsibilities include liaising with the clients benefit providers and Brokers to assess offerings, recommend improvements, negotiate costs and ensuring accurate processing and reconciliation of benefits such as Group Income Protection, Group Life Assurance and Private Medical Insurance .
Maintain and oversee the Medical Underwriting log for all relevant client employees, informing the Broker of both existing and new joiners, that exceed the free cover level throughout the year, particularly during the annual salary review process.
Continuously improve payroll systems and processes, leveraging technical expertise to drive efficiency, automaton and scalability. Champion best practices and innovation across the payroll and benefits function.
Generate and analyse payroll data and reports, providing strategic insights and data to support each clients need and organisational goals.
Conduct bi-annual reviews of preferred Benefit Brokers, ensuring competitive service offerings and Management Fees. Lead transitions to alternative Brokers where necessary to better meet client needs.
Supporting the wider HR team with strategic projects including client on-boarding and off-boarding onto client payroll software, including BACs setup. Ensure a first-class client experience through effective project management and stakeholder engagement.
Collaborate cross functionally with the Talent Acquisition, HR and Culture and Talent teams ensuring alignment and consistency in the employee experience across all client organisations.
