Compensation Specialist
5 days ago
About the Role
We are seeking a highly organised and data-focused individual to join our team as a Compensation Specialist at Petroineos Trading Limited. This is a part-time (2-3 days a week), 24 months fixed-term contract position initially with the job based in Charring Cross, London.
The successful candidate will be responsible for managing all aspects of payroll, pension, and benefits processes, ensuring that essential business arrangements and cost-effective compensation practices are adhered to for both Petroineos Trading Limited and PetroChina International London Co., Ltd.
This includes running the payroll and pension process by delivering payroll instructions to our third-party vendor ADP, liaising with third party tax advisors regarding globally mobile employees and their compensation packages, and being the primary contact for employment duties with HMRC.
Key Responsibilities:
- Coordinates all payroll activities for PITL and PCIL, encompassing all salaried personnel.
- Preparation of any payroll, pension or benefit related reports including payroll summary reports for the Financial Reporting and Accounting team.
- Responsible for the administration of our pension scheme.
- Responds to questions related to payroll issues, including pay, pension and benefits, from employees and resolves discrepancies that arise.
- Manages the administration of all the Company benefit schemes ensuring employees are enrolled and removed from relevant benefits promptly and accurate records are maintained.
- Completes the annual P11d process reporting the costs of all employee benefits to HMRC via our third-party vendor ADP.
- Partners with the HR Business Partner on the annual renewal of all employee benefits and looks for ways to enhance our employee benefit offering.
- Administers any out of cycle payments.
- Updates the payroll system ensuring accuracy of data and primary contact for employment duties with HMRC and responds to any queries/issues raised, liaising with our internal tax team where necessary.
- Supports with any salary and/or bonus accruals required for budget purposes as requested by Finance and/or Management.
- Ensures full tax and NI compliance for any globally mobile employees with support from our third-party tax advisor and provides all relevant documentation to help with any annual tax returns.
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