Payroll Specialist

4 weeks ago

Chester, Cheshire, United Kingdom Bank of America Full time

Job Title: Payroll and Benefits Specialist

Corporate Title: Assistant Vice President

Location: Chester

Company Overview:

At Bank of America, we strive to make a positive impact on our customers' financial lives. Our team is dedicated to delivering exceptional service and ensuring the accuracy and timeliness of payroll and benefits processing.

We are committed to fostering a culture of inclusivity, diversity, and respect. Our employees are empowered to make a difference and contribute to the success of our organization.

The Team:

The EMEA Payroll Team is responsible for the delivery of pay services across the EMEA region. As a Payroll and Benefits Specialist, you will work closely with the individual pay delivery teams, as well as the Compensation, Benefits, Talent Acquisition, Shared Services, Global Mobility, and HR Leadership.

This role requires exceptional communication, organizational, and interpersonal skills to effectively solve complex tax and pay-related issues and advise key stakeholders.

Key Responsibilities:

  • Collate, data enter, and process various payroll-related transactions
  • Input, check, and reconcile payroll information to achieve accurate, timely, and compliant payments to employees, government agencies, and third-party providers
  • Ensure all statutory reporting deadlines are met
  • Answer payroll queries from employees and other key stakeholders
  • Perform complex analytics, consulting, and process design tasks to support the successful delivery of payroll
  • Evaluate existing processes, technologies, and routines to drive process improvements
  • Implement controls to mitigate and manage compliance and operational risk
  • Partner with HR program functions on an ongoing basis to ensure processes meet design requirements

Requirements:

  • Experience of running end-to-end payrolls
  • Proven track record of working in payroll and an understanding of payroll finance
  • Ability to organize and prioritize workload and manage multiple tasks/deadlines while maintaining a high standard of accuracy and level of service
  • Proactive in driving efficiencies and producing new ideas to improve current processes
  • Excellent reporting and data reconciliation skills, including intermediate Excel (Pivot Table, Vlookup)
  • Excellent team player with the ability to build effective team relationships and promote an environment of trust and flexibility
  • Previous experience of implementing new payroll software desirable
  • Previous banking experience desirable but not essential
  • Understanding of payroll accounting and finance
  • Previous experience or awareness of Workday Payroll not essential but desirable

Benefits of working at Bank of America:

UK

  • Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
  • Competitive pension plan, life assurance, and group income protection cover if you become unable to work as a result of a disability or health reasons
  • 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
  • The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, etc.
  • Access to an emotional wellbeing helpline, mental health first aiders, and virtual GP services
  • Access to an Employee Assistance Program for confidential support and help for everyday matters
  • Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
  • Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions
  • Opportunity to give back to your community, develop new skills, and work with new groups of people by volunteering in your local community

Bank of America:

We are committed to upholding the highest standards of conduct and ensuring that all employees understand the expected standards of conduct and how we manage conduct risk.

We are an equal opportunities employer and ensure that no applicant is subject to less favorable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, color, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants, or physical or mental disability.

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