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Payroll Specialist
4 months ago
Payroll
- Havant
**About the Role**
- 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.
- 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.
- 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.
**Job Reference Number**
- 14988BR
**Employee Type**
- Full Time
**Duration**
- 12 month fixed term
**Hours Per Week**
- 37.5
**Working Schedule**
- 4xFlex
**Country**
- United Kingdom (UK)
**Clearance Required for Role**
- BPSS
**Graduate, Intern or Apprentice Vacancy?**
- No
**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
