Payroll Manager 12 month FTC

Payroll Manager 12 month FTC £75k to £80k + bonus - City

A leading Investment Bank seek an experienced Payroll Manager on a 12 month FTC to head up their payroll function.

Reporting into the Head of People Services this role offers an opportunity to shape and lead a payroll team, drive process change and look to put new controls and frameworks in place to cover risk.

Please note that my client are offering an agile working pattern of 3 days in the office and 2 days from home (with flexibility).

The role:

• Overseeing and authorisation for 4 payrolls per month
• Managing technical, complex or unusual queries from the team whilst ensuring the payroll is run efficiently and accurately
• Keeping up to date on payroll legislation to ensure compliance
• Managing the Lloyds account and payments in and out, and authorising payments
• Applying for funding to ensure that we can make our monthly payments
• Overseeing BACs system
• Overseeing various external benefits portals to ensure being used efficiently and as necessary
• Overseeing paper payslips and updating rota
• Providing a service for VIP and complex requests from Directors/Execs
• Ensuring appropriate controls are in place, and actively reviewing these on a monthly basis, and amending to mitigate any potential errors. Updating our operational risk framework, and reviewing as needed
• Ensure processes are clearly documented, and reviewed regularly
• Define and manage payroll timetables/cut-offs, and communicate appropriately

Stakeholder & relationship management:

• First point of contact for Pensions Manager, Benefits manager, Shares Team, People Services and tax teams to implement any changes to processes/systems, and address any issues
• First point of contact with Group Accounts, and ensuring regular reconciliations are in place
• Managing the relationship with the shares team and actively monitoring future deadlines and payroll impacts, particularly tax year end
• Ensuring handoffs with other People teams, especially People Services are clear, and reviewed regularly

Team leadership:

• Manage payroll team, including 6 payroll specialists, 1 payroll apprentice, and 2 payroll system specialists; including setting clear goals and objectives
• Ensuring the team is working collaboratively, communicating effectively and delegating roles and workload evenly
• Resource planning for holiday periods, and ensuring team coverage
• Motivating the team and promoting a strong team work ethic
• Encouraging diversity and having regular discussions with the team about how we do this respectfully and in keeping with Investec's values
• Providing mediation for team disputes and using interpersonal skills to bring the team together
• Learning and owning any further new processes, and ensuring that work is allocated appropriately

The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.