Payroll Specialist

An exciting opportunity for a Payroll Specialist to join a leading technology consultancy in the Accounting and Finance department, based near Liverpool Street Station. The role requires a diligent individual with strong knowledge in payroll processing and understanding of UK taxation laws.

Client Details

Our client is a well-established technology consultancy of significant size. They pride themselves on their commitment to best practices and maintaining a high level of professionalism in their operations. With a global outreach, they have a large network of clients and candidates across various industries, with a primary focus on Accounting and Finance. Based in the City of London.

Description

The day to day responsibilities of this Payroll Specialist role will include:

UK Payroll:

• Collate and consolidate payroll data from various sources for monthly processing and accurately process this data into the in-house payroll system. Note, this is an integrated HR and Payroll system with many data inputs administered by the HR team.
• Administer all payroll related information in the in-house system including but not limited to all starter and leaver documents as required, to ensure for example all P45/ New Starter declaration data is correctly reflected in the payroll system.
• Confirmation of the system calculations for in period compensation changes, SSP, SMP and SPP - checking payroll run outputs with the understanding to identify any issues with the data
• Processing of payroll for each company to generate all related reports - Gross to Net reports, changes reports and one of payments and deductions reports etc - to then perform checks to ensure accuracy of these, sharing all necessary starter, finisher and changes reports with HR for their confirmation of completeness and accuracy.
• Finalising payroll runs and submission of all HMRC reporting including all RTI, year end reporting including production of P60, P11d, P11Db and PAYE Settlement Agreement calculations and submission.
• Reconciliation of P32 figures between the payroll system, accounting system and HMRC portal so ensure accuracy of liabilities reported to HMRC and recognised in financial statements.
• Generating the bank payment file for approval and upload by the Group Financial Controller for net pay.
• Timely auto enrolment assessment for all employees and submission of the pension upload to the pension provider portal.
• Management of pension opt outs or contributions ceasing at employee request

International Payroll (currently under set up stage):

• Submission of all payroll data to the payroll service provider by the required deadlines, supported by the HR Function.
• Review of all payroll reports generated by the payroll service provider to ensure accuracy of data re starters, leavers compensation changes etc.
• Submission of agreed reports to Group Financial Controller to confirm payment values etc
• Day to day liaison with the payroll provider on any queries.
• Management of payments onto third parties such as pension schemes, government bodies or healthcare schemes

General:

• Maintain a robust payroll function with effective controls in place to minimise risk of miscalculation
• Ensure all payroll is processed according to set company timeframes and tax authority deadlines
• Provide helpdesk support and manage all incoming payroll queries via the payroll inbox
• Actively manage internal stakeholder expectations and build strong relationships with them
• Management of the payroll checklist and ensuring all payroll information is sought from all areas

Profile

A successful Payroll Specialist should have:

• A degree in Accountancy, Finance or similar field.
• A strong understanding of payroll processing and UK taxation laws.
• Excellent attention to detail and high level of accuracy.
• Strong communication skills with the ability to explain complex information in a clear manner.
• Proficiency in using payroll software and MS Office suite.

Job Offer

The successful candidate will receive:

• A competitive annual salary of up to £45,000
• A temporary role with potential for extension.
• Professional development opportunities in the recruitment consultancy industry.
• A positive and inclusive company culture.
• Conveniently located near Liverpool Street.