Financial Transaction Specialist

18 hours ago


Colchester, Essex, United Kingdom Austin Fraser Full time
About the Opportunity:

NXTGEN is currently recruiting for a Financial Transaction Specialist to join our team.

As a Financial Transaction Specialist, you will be responsible for managing the payroll functions, ensuring accurate and timely processing, while driving improvements in payroll systems and processes.

Key Responsibilities:
  1. Payroll Transactions: Oversee and process fortnightly and monthly payrolls for two companies, ensuring accuracy and timely payments in line with internal deadlines.
  2. Time and Attendance: Manage the time and attendance systems, ensuring all payroll data is processed correctly.
  3. Starter and Leaver: Handle all starter and leaver processes, ensuring compliance with company and statutory regulations.
  4. Payroll Data: Manage the integration of payroll data between Sage 50 Payroll and Sage 200, including nominal link and department coding.
  5. CIS Payments: Oversee CIS payments and monthly payroll accruals, posting necessary journal entries in Sage 200.
  6. Reconciliations: Conduct regular reconciliations, including HMRC payments, P&L reports, pension uploads, and van records.
  7. Year-End: Lead the year-end process, ensuring P11D submissions meet HMRC deadlines.
  8. Compliance: Act as the payroll expert, ensuring compliance with current payroll legislation and best practices.
  9. Query Resolution: Address payroll queries and issues, maintaining strict confidentiality of employee data.
  10. Process Improvement: Continuously improve payroll processes, driving efficiency and ensuring a high standard of service.
Requirements:
  • Qualifications and Skills: Solid understanding of technical payroll issues and experience working with auditors, accounting knowledge, particularly in reconciliation and financial reporting, excellent communication skills, with the ability to collaborate effectively across departments.
  • Experience: Strong organisational and analytical skills with attention to detail and accuracy, experience with payroll systems, preferably Sage Payroll, and advanced Microsoft Excel skills.
  • Workload Management: Ability to manage a busy workload, prioritising tasks in a dynamic environment.

The estimated salary for this position is £30,000 - £40,000 per annum, depending on experience.



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