Senior Payroll Specialist

LevelUP HCS; Greater London; On-site; GBP 40,000 - 80,000; Full time

Job summary

An established industry player is seeking a Senior Payroll Specialist to join their Payroll & Benefits team. In this pivotal role, you will manage UK payroll processes, ensuring compliance with legislation and timely submissions. You will also coordinate payroll across multiple European locations, develop expertise in regional requirements, and lead projects aimed at improving payroll systems. This position offers an exciting opportunity to work in a dynamic environment where your contributions will directly impact the efficiency and accuracy of payroll operations. If you're deadline-oriented and thrive in a team-oriented atmosphere, this role is perfect for you.

Qualifications

• Strong knowledge of UK payroll and legislation.
• Experience with European payrolls and processes.

Responsibilities

• Manage UK payroll, including processing cycle monitoring and timely sign-off.
• Ensure accurate loading of pension/benefits data onto payroll monthly.

Skills

UK payroll knowledge

European payroll processes

UK and European Tax Year End procedures

Project management skills

Basic accounting knowledge

Education

Experience in Financial Services

Tools

ADP

PeopleSoft

Oracle Fusion

Job description

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Senior Payroll Specialist

This role is within our client's Payroll & Benefits team, comprising 5 specialists and 2 administrators.

Role & Responsibilities

1. Manage UK payroll (iHCM2), including input collection, processing cycle monitoring, and timely sign-off.
2. Ensure accurate loading of pension/benefits data onto payroll monthly.
3. Handle monthly Flex benefit changes.
4. Process payrolls for 6 European locations on a rolling basis, owning processes and risk controls.
5. Develop expertise in designated regions.
6. Coordinate with team members to cover payroll for Europe (France, Germany, Switzerland, Italy, Dubai, Sweden, Holland, Poland, Portugal, Spain, Ireland, Israel, Cyprus) using ADP Streamline.
7. Communicate with payroll providers regarding country-specific requirements.
8. Prepare payroll funding within deadlines and liaise with finance for international payments.
9. Post payroll reporting and support new branch payroll setups.
10. Maintain high-quality customer service, responding to employee queries promptly.
11. Ensure UK annual filings (P11D, Form 42, PSA, STBV) and German filings are completed.
12. Assess additional filing needs across locations.
13. Calculate taxes on stock vestings, process confirmation statements, and ensure proper withholding.
14. Create manuals and procedures for stock vesting activities.
15. Perform manual calculations and employee payment submissions as needed.
16. Liaise with HR and the broader business on payroll queries.
17. Maintain employment records and generate HR reports.
18. Lead projects related to payroll processes and system improvements.

Person Specification

Required Skills & Experience

• Strong knowledge of UK payroll and legislation.
• Experience with European payrolls and processes.
• Understanding of UK and European Tax Year End procedures.
• Proven ownership of regional payrolls and processes.
• Basic accounting knowledge related to payroll.
• Project management skills and leadership experience.
• Familiarity with SOX IPE requirements.

Qualifications & Preferred Background

• Experience in a large Financial Services firm preferred.
• Knowledge of ADP, PeopleSoft, or Oracle Fusion systems is advantageous.

Personal Attributes

• Deadline-oriented with ability to manage multiple priorities.
• High integrity and professional standards.
• Energetic, driven, and hardworking.
• Team player with the ability to work independently.

Additional Details

• Seniority Level: Mid-Senior
• Employment Type: Full-time
• Job Function: Finance
• Industry: Investment Banking