Payroll Specialist

4 weeks ago

Havant Hampshire, United Kingdom Lockheed Martin Full time

About the Role Read on to find out what you will need to succeed in this position, including skills, qualifications, and experience. We are seeking an experienced Payroll Specialist to support an insourced payroll with an estimate employee headcount of 1,800. Broadly, the job entails all aspects of the payroll processing life cycle from new hire to termination, with additional responsibility for year end reporting requirements.

  • Processing the day-to-day UK payrolls, ensuring appropriate liason and coverage with the team.
  • Working alongside the Senior Payroll Specialist to manage timely delivery of payroll deliverables and ensure all back-up is provided for checking and audit activities.
  • Process both the advanced and arrears payrolls per the calendars each month.
  • Checking and maintaining accuracy of employee records where appropriate for:
  • Starters and leavers
  • Verify all payment & deduction changes as appropriate
  • Maintenance of Tax & NI records
  • Maintenance of pension records
  • Calculations of all statutory payments to include but not limited to: SMP, SAP, SSP, SHPP and SPP
  • Manual calculations of gross to NET overpayments (Tax and NI)
  • Process adjustments such as reversals, returned overpayments and ad hoc payments ensuring HMRC receive the correct data by the applicable deadline.
  • Carry out reconcilations such as ensuring the FPS balances to payroll results.
  • Validate and action payment requests via the Payroll Sharepoint Workflow Tool such as KIT day payments, standby allowances etc.
Required skills, qualifications and experience
  • Experience with insourced end to end payroll.
  • A thorough understanding of all current payroll legislation to ensure compliance and accuracy in payroll processing.
  • Ability to carry out manual payroll calculations to support validations.
  • Data collation, organisation and analytical skills.
  • Possesses a high level of accuracy with strong attention to detail.
  • Ability to prioritise work to meet deadlines in a fast paced, complex environment.
  • Interpersonal and communication skills.
  • Ability to work independently and in a team environment.
  • Proficiency with MS Office applications, particularly Excel and ability to carry out lookups/pivot table activities for analysis.
  • Desirable - Oracle and SAP experience.
Other day to duties will include - • Carry out post payroll activities such as:
  • Payslip printing as and when required
  • Produce P45s
  • Submission of Pension Reports to 3rd party providers
  • Working with the Senior Payroll Specialist to perform year end requirements such as P60’s and P11D’s.
  • Deal with anomolies and enquiries relating to pay.
  • Comply with filing and record retention requirements – maintain data for internal and external audits.
  • Liaise with HR, Rewards and various Finance function POC’s.
What we offer you At Lockheed Martin our employees come first and therefore your physical, mental and financial wellbeing matters to us. On top of working in a highly supportive, friendly, respectful environment you can expect so much more. We are an employer in support of and offering Flexible working with the option to also work a 4 day week depending on business requirements, where you have the option of Fridays off. We offer Competitive salaries alongside a flexible holiday entitlement. We have a Wealth of benefits available to you that can be selected through our wellbeing tool upon commencement of employment. Just a few of our amazing benefits are shown below:
  • Private Medical Insurance
  • Competitive Pension
  • Dental
  • Critical Illness
  • Life Assurance
  • Travel Insurance
  • Employee discounts for top high street shops
  • Employee Assistance Program which includes free face to face counselling sessions, Legal advice, Financial advice, etc
  • Internal training and development alongside out Education assistance programmes
  • Reimbursement for a professional membership
  • Competitive policies that support flexibility and family leave inclusive of enhanced maternity leave
Business Environment Enterprise Business Services (EBS) consists of LMUK IT Services, Payroll, ESH, HR and Finance functions. With employees located throughout the UK, EBS provides UK wide support to the LMUK business areas. Equal Opportunity Statement Lockheed Martin is proud to be an equal opportunity employer and is committed to maintaining a diverse and inclusive work environment. Diversity and inclusion are fundamental to our culture and reflect our values of doing what's right, respecting others and performing with excellence. By engaging with all our employees' diverse talents and experiences every day, we can innovate different and better, creating cutting edge solutions and unparalleled customer value. We know that diversity of thought leads to better solutions for our customers. Our top priority is finding the best candidate for the job and if you are interested in the position, we’d love to hear how you might contribute to our mission and our team and would encourage you to apply, even if you don’t believe you meet every one of the criteria set out in our job advert. In addition, we are committed to inclusion of all individuals and will make reasonable adjustments to our applications process. If you require assistance or adjustments to participate in the job application or interview process, please contact or call .

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