Compensation and Benefits Analyst

Centre People; City Of London; Hybrid; GBP 43,000 - 47,000; Full time

Job summary

A global Japanese trading company in London seeks a dedicated Compensation and Benefits Analyst. The successful candidate will manage payroll processes, provide advice on compensation and benefits, and ensure compliance with tax regulations. Ideal applicants will have strong analytical skills, experience in payroll management, and an understanding of UK tax laws. This position offers a full-time, permanent contract with a salary range of £43k-£46.5k, and operates on a hybrid work model.

Qualifications

• Strong analytical skills and attention to detail.
• Proficiency in payroll systems and experience managing monthly payrolls.
• Understanding of UK tax laws and regulations.

Responsibilities

• Provide payroll/tax and benefits services.
• Manage payroll processes and month-end activities.
• Assist employees with compensation and benefit queries.

Skills

Analytical skills

Attention to detail

Communication abilities

Proficiency in payroll systems

Numerical skills

Understanding of UK tax laws

Business level fluency in English

Tools

SAP

Microsoft Excel

Moorepay

Job description

A global Japanese trading company is seeking an experienced Compensation and Benefits Analyst to join its London office.

Reporting to the C&B Lead, you would be responsible for providing full remit of compensation and benefits advice, and co-ordination and its elected subsidiary companies, (including related taxation, National Insurance issues, year-end-procedures, salary budget, department budget, bonus calculation and pension) to ensure a seamless function is maintained always.

The ideal candidate should have strong analytical skills, attention to detail, proficiency in payroll systems, and excellent communication abilities – from a background of managing monthly payrolls.

Job Details

• TYPE: Permanent, full-time
• WORKING HOURS: 9:00-17:00 from Monday to Friday
• SALARY: £43k-£46.5k, depending on experience
• START: Applications will be processed from the start of September
• LOCATION: London, (Hybrid – 3 days in the office, 2 days working from home)

Compensation and Benefits Analyst Main Responsibilities:

• To provide a service in connection with payroll/tax, benefits, monthly reporting and project work
• Manage payroll processes and related month end activities in SAP
• Assist employees with compensation and benefit queries
• Collate and upload monthly contributions to Scottish Widows. Issue SAP payments, recharge subsidiary and deal with related queries
• Prepare provision of bonus for Accounting Department
• Reconcile year end PAYE and NI for the UK payrolls. Calculate NIC.5 due on benefits in kind, issue P11D (b)'s for 6 July deadline and issue payments to HMRC
• Collate expenses for the PSA, taxable relocation and issue calculation/payment to HMRC
• Complete annual compensation and benefit surveys
• Prepare salary budget and department budget. Analyse and track monthly budget progress
• Provide Global Mobility team with monthly headcount report by cost centre
• Establish service agreements with subsidiary companies

Compensation and Benefits Analyst Ideal Candidate:

• Deep understanding of payroll - to understand what a tax code means, why it has changed, what maternity/paternity pay is, and understands how an employee’s pension works
• Understanding of company budgeting, for monitoring budget vs actuals for the department
• Highly numerate with a high level of attention to detail
• Excellent analytical and communication skills
• Strong proficiency in Microsoft Word and Excel, including pivot tables
• Experience in payroll processes and management of confidential data
• Understanding of UK tax laws and regulations
• Experience working with a payroll software, ideally Moorepay
• Budget preparation and analysis
• Business level fluency in English

*All applicants for the Compensation and Benefits Analyst must have the right to work in the country as the Company is not able to offer visa support.

*We regret that we cannot accept applications from Working holiday visa, Graduate or Student visa holders.