Payroll and Benefits Specialist
4 weeks ago
Who we are?
Raymond James is a wealth management firm focused on providing trusted advice and tailored, personalised investment services. We believe if we do what’s right for clients, we’ll help them achieve success while also realising our own. Our parent company, Raymond James Financial, has been doing the same in the US for over six decades.
Who we are looking for?
The Payroll and Benefits Specialist is responsible for ownership of monthly payrolls, pension & benefits administration and for providing technical and operational support to the Total Rewards Specialist. Line management responsibilities to Payroll Administrator.
**This role is a 18 month FTC - Remote working (must be in the UK) **
Responsibilities
Payroll
- Supervision and reconciliation of 2 x monthly payrolls and checking input of variable data, instructions to third party providers, and check of output and sign-off.
- Process of P45, HMRC new starter checklists, all statutory payments and assist with annual salary reviews, bonus payments etc
- Provide comprehensive support to employees with payroll and tax enquiries
- Deal with queries from managers, HMRC and third parties as required
- Calculate and process manual and ad hoc payments
- Oversight of preparation of monthly reports for overtime, on call, RSU’s, leavers etc
- Process monthly pension schedules and ensure timely payments
- Provide and manage payroll calculations related to all types of parental leave
- Raise payment requisitions for payroll deductions to statutory bodies and benefits providers
- Assist with expatriate administration and tax reconciliations plus knowledge of processing share option transactions
- Support and liaise with Finance re payroll accounting and reconciliations
- Full ownership of tax year end, P11D and provide support with PSA reporting
- Maintain payroll guidelines by writing and updating policies and procedures
- Manage Triennial Pension Auto Enrolment tasks
- Provide ad hoc reporting as and when required
- Keep up to date on legislative changes and assist with implementation on the team where necessary
- GPG analysis
Benefits Administration
- Maintain membership lists for employee benefits
- Support and liaise with benefits providers, including correct invoicing and reconciliations
- Assist with annual benefits renewals
- Main point of contact for employees with benefit related queries
- Assist with benefits benchmarking, analysis and reporting
- Ad hoc project work as required and other tasks as requested
Requirements
Experience required
- Min 5 years UK payroll experience
- Payroll or Accounts qualification required
- Financial Services experience strongly preferred
- Working knowledge of pension auto enrolment and benefits administration
- High-level numeracy skills
- Strong detail orientation
Technical requirements
- Payroll systems literate
- SD Worx experience preferred but not essential
- Minimum Intermediate Excel and Word skills (pivot tables, vlookups etc)
- Good working knowledge of PAYE, income tax, national insurance, student loans and statutory payments (SMP, SPP, SSP etc) this is not an exhaustive list
- Good working knowledge of pensions auto-enrolment legislation
- Experience of salary sacrificed benefits and payrolled benefits
Person specification
- Strong organisational skills; ability to prioritise and multi-task
- Excellent communication and interpersonal skills; tactful and articulate
- Highly numerate, methodical with excellent attention to detail
- Analytical and methodical in your approach to problem solving
- A team player who demonstrates initiative and is proactive
- Ability to work under pressure and meet strict deadlines
- Ability to maintain discretion and integrity and to recognise the sensitivity around handling confidential data
- Customer service focus
- Flexible approach
Benefits
- 25-days of annual leave + bank holidays + holiday increases each year, to a max of 30
- Established hybrid working policy and openness to flexible working
- Generous pension contributions
- Private medical healthcare
- Discounted Gym Membership
- Life, Dental & Travel insurance
Raymond James is an equal opportunities employer and welcomes applications from a diverse background
At Raymond James we honour, value and respect the uniqueness, experiences, and backgrounds of all our Associates. When associates bring their best authentic self to work, our organisation, clients, and communities thrive. This is a key part of our people-first culture. The Company is an equal opportunities employer and makes all employment decisions on the basis of merit and business needs.
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