Payroll Analyst

Salary: £42,000 - £50,000 depending on experience

Hours: Monday - Friday 8:30am - 5:30pm

This is a fixed term contract for 12 to 18 months.

We are seeking a meticulous and proactive Payroll Analyst to join our client's team, specializing in commission calculation and automation. The incumbent will play a pivotal role in accurately calculating commission schemes for our business, optimizing current calculation methods, and leading the transition towards automation through Enterprise Performance Management (EPM) systems. The ideal candidate will possess a strong understanding of payroll processes, exceptional analytical skills, and a keen eye for process improvement opportunities.

Key Responsibilities:

Commission Calculation:

• Develop, maintain, and enhance commission calculation processes to ensure accuracy and compliance with company policies and regulations.
• Collaborate with sales, lettings and finance teams to understand commission structures, incentives and performance metrics.
• Calculate monthly, quarterly, and annual commissions for eligible employees.
• Review and validate commission calculations to identify and resolve discrepancies.

Process Optimisation:

• Evaluate current commission calculation methods, tools, and systems to identify inefficiencies and areas for improvement.
• Propose and implement enhancements to streamline processes, reduce manual efforts, and increase efficiency.
• Document updated processes and ensure adherence to standardized procedures.

Data Analysis:

• Provide insights and recommendations to management regarding commission structures, targets, and incentives.

Integration to Automation:

• Lead the integration of commission calculation processes into the Enterprise Performance Management (EPM) system.
• Work closely with finance and EPM implementation teams to configure and customise automation solutions.
• Conduct user acceptance testing (UAT) to ensure accurate and seamless transition to automated processes.
• Provide training and support to end-users on the use of automated tools and systems.

Reporting:

• Prepare and distribute accurate commission statements and reports to stakeholders in a timely manner.
• Assist with audits and provide documentation as needed.

To be considered for this role, the following experience and skills are desired:

• Proven experience in payroll analysis, commission calculation, or related role.
• Strong proficiency in Excel, financial modeling, and data analysis techniques.
• Familiarity with Enterprise Performance Management (EPM)
• Excellent attention to detail and ability to maintain accuracy in a fast-paced environment.
• Strong analytical and problem-solving skills with a focus on process improvement.
• Ability to communicate effectively and collaborate with cross-functional teams.
• Experience with project management and leading process improvement initiatives is a plus.