Pension Payroll Manager

TN United Kingdom; London; Hybrid; GBP 40,000 - 80,000; Full time

Job summary

Join a forward-thinking company as a Pension Payroll Manager and play a crucial role in managing pension scheme finances. This position offers a chance to lead a dedicated team while ensuring accurate payroll processing and compliance with regulations. You'll benefit from a competitive pay package and professional development opportunities. The role is designed for those who have a strong background in payroll and pensions finance, with a commitment to continuous improvement and excellence. Embrace the opportunity to work in a diverse and inclusive environment where your contributions will be valued and recognized.

Benefits

Private Healthcare

Enhanced Maternity and Adoption Pay

Contributory Pension Scheme

Professional Development Opportunities

Qualifications

• Experience in pensions payroll and finance is essential.
• Strong knowledge of payroll legislation and manual calculations.

Responsibilities

• Oversee pension payroll processing and account reconciliations.
• Manage team and ensure accurate reporting and compliance.

Skills

Payroll Management

Pensions Finance

Numerical Skills

Attention to Detail

Time Management

Communication Skills

Education

Recognised Payroll Qualification

Tools

SIPP~Pro

Cashvac

Job description

Social network you want to login/join with:

Some careers shine brighter than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Our Digital Business Services teams are the foundation of HSBC, providing essential support across technology, operations and key central business services for our global businesses and functions. This includes running customer operations, delivering innovative digital solutions for customers and colleagues, managing bank-wide change, and central services such as procurement and real estate management. The teams play a vital role in driving great experiences for customers, colleagues, and enabling the bank’s strategy.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

The role of Pension Payroll Manager within the HSBC Wealth Retirement Services - Banking team will be responsible for overseeing all financial related activity in respect of pension scheme members, including payroll processing, direct debit administration, account reconciliations, invoice management and general pension finance duties.

This position would be ideal for someone who has demonstrable experience in pensions payroll and pensions finance.

In this role you will:

• Management and oversight of the Banking team
• Accurate completion of monthly and supplementary pension payrolls – reconciliation, tax code processing, RTI reporting, BACS processing, and payslip/P45 production
• Accurate completion of daily account reconciliations
• Production of regulatory/member reporting
• Provide information to HMRC in line with HMRC requirements and deadlines
• Ensuring invoices are raised in line with terms and conditions and in a timely manner
• Debt recovery in connection with invoices
• Production of management information as and when required
• Procedure reviews
• Participation in projects
• Training and coaching members of staff at all levels
• Allocation and supervision of work across teams
• Auditing/peer checking of work across teams

To be successful in this role you should meet the following requirements:

• Demonstrable working payroll experience with a recognised payroll qualification
• Knowledge of pension administration system (SIPP~Pro) would be beneficial
• Knowledge of Cashvac is advantageous but not essential
• Continuous personal development staying up to date with payroll legislation
• Experience of manual payroll calculations
• Strong knowledge of RTI, Government Gateway and BACS Payment Services
• Excellent numerical skills
• Strong attention to detail
• Strong organisation and time management skills working to tight deadlines
• The ability to work on own initiative as well as being able to identify when it is necessary to seek advice and support

This role can be based in London or Fareham and offers hybrid working.

Being open to different points of view is important for our business and the communities we serve. At HSBC, we’re dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best. We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role.

If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk: