Payroll Manager 12 month FTC

Frazer Jones
City of London, England
£75000 - £80000 per annum + Bonus & Agile Working
Closing date
21 Jul 2022

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Job Details

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.


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