Payroll Specialist

4 weeks ago


London, Greater London, United Kingdom Octavia Full time
Job Description

The Payroll Specialist will be a key part of the financial accounting team of five within the Finance function. The Payroll Specialist will lead the payroll processing function. You will be responsible for processing the monthly payroll for permanent and bank staff, preparing payment schedules and handling reconciliations.

Key Responsibilities:

  • To be solely responsible for processing the monthly payroll from start to finish for over 500 employees.
  • Maintain pay records in i-Trent.
  • Support internal users of the iTrent system, providing advice and solving problems as required.
  • Ensure effective salary calculations for all aspects of pay and deductions including starters, leavers, SSP, SMP, SPP, bonus, overtime, season ticket loans, child care vouchers, expense, etc. Making sure that all authorisations, payroll controls, payroll compliance and regulatory requirements are met.
  • To work closely with the HR department to ensure that changes are correctly recorded. To proactively identify process inefficiencies and collaborate towards an improved and more productive process that enhances both employees and managers experience.
  • Ensure HMRC submissions are made accurately and in compliance with tax legislation.
  • Submit returns to HMRC including, RTI submission monthly as well as year-end submissions including P45, P60, P11D, PSAs, LGPS return, etc. Liaising with HMRC regularly and resolving any associated queries. Process the annual performance payment and cost of living uplift.
  • Answer queries from employees and other organisations, including HMRC, and third parties in general, on all aspects of payroll.
  • Undertake payroll reconciliation to ensure balances are as expected and liaise with finance accounting assistant if a correction is required.
  • Undertake other ad hoc tasks on a monthly, quarterly and annual basis as required.

Requirements:

  • Proven track record of processing monthly payroll, posting journals, preparing reconciliations and processing high volume transactions.
  • Strong knowledge of iTrent or other similar payroll system.
  • Ability to work to a fast-paced environment with tight deadlines.

Benefits:

  • The salary for this role is £300.
  • We also offer a fantastic additional benefits:
    • Flexible-working
    • Life Assurance
    • Employee Wellbeing App/Mental Health Support
    • Online GP Service
    • Cycle to work
    • Opportunities for self-development with over 60 courses available to self-enrol
    • Opportunities to volunteer in our Charity Retail Stores or on our Befriending Programme

Together, we continue to build an inclusive culture that encourages, supports and celebrates the diverse voices of our employees. Everyone is welcome.

Early application is encouraged as we will review applications throughout the advertising period and reserve the right to close the advert early.


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