Senior Payroll Specialist

Jefferies; London; On-site; GBP 45,000 - 75,000; Full time

Job summary

An established industry player is seeking a Senior Payroll Specialist to join its dynamic Payroll & Benefits team in London. This role involves managing UK payroll administration, ensuring compliance with legislation, and coordinating payroll processes across Europe. The ideal candidate will possess strong knowledge of payroll systems, project management experience, and the ability to handle multiple priorities. Join a forward-thinking company that values diversity and offers a collaborative environment where your contributions will be impactful and appreciated.

Qualifications

• Strong knowledge of UK payroll and legislation required.
• Experience managing regional payrolls and processes is essential.

Responsibilities

• Administer UK payroll, ensuring timely processing and compliance.
• Collaborate with team members to manage payroll for multiple European locations.

Skills

UK payroll knowledge

European payroll processes

UK and European Tax Year End procedures

Project management

Leadership capabilities

Basic accounting knowledge

SOX IPE requirements

Tools

ADP

PeopleSoft

Oracle Fusion

Job description

Join to apply for the Senior Payroll Specialist role at Jefferies.

Team

The Payroll & Benefits function in London is part of a growing Human Resources department which services 14 branches throughout EMEA and covers all aspects of Human Resources to support Investment Banking, Global Markets & Corporate Functions. This role is within the Payroll & Benefits team, comprising 5 specialists and 2 administrators.

Job Description

The duties include, but are not limited to:

1. Day-to-day administration of UK payroll (iHCM2), including collating inputs, monitoring processing cycles, and ensuring timely sign-off.
2. Ensuring correct loading of monthly pension/benefits enrolment data onto payroll.
3. Managing monthly Flex benefit changes in payroll.
4. Processing payrolls for 6 European locations on a rolling basis, with ownership of processes, risk controls, and outputs for these countries.
5. Collaborating with team members to cover payroll for Europe (France, Germany, Switzerland, Italy, Dubai, Sweden, Holland, Poland, Portugal, Spain, Ireland, Israel, Cyprus) using ADP Streamline.
6. Liaising with payroll providers on country-specific requirements and queries.
7. Preparing and administering payroll funding within set timeframes.
8. Working with financial controllers to ensure correct allocation of international payments.
9. Post payroll reporting and supporting the setup of new regional payrolls.
10. Maintaining high customer service standards by responding to employee queries promptly.
11. Handling UK annual filings (P11D, Form 42, PSA, STBV) and German annual filings.
12. Proposing additional filing requirements and measures across locations.
13. Calculating taxes on stock vestings across UK and EMEA, processing confirmation statements, and ensuring correct tax withholding.
14. Creating manuals and procedures for stock vesting activities.
15. Performing manual calculations, checks, and employee payments as required.
16. Liaising with HR and the wider business on payroll queries.
17. Maintaining employment records and running reports from the HR system.
18. Managing various ongoing and future cross-divisional projects.

Required Skills and Experience:

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

Qualifications & Preferred Background:

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

Personal Attributes:

• Excellent time management and ability to manage multiple priorities.
• Strong communication skills.
• High integrity and energy.
• Team player with the ability to work independently.

About Us

Jefferies Financial Group Inc. is a U.S.-headquartered global investment banking and securities firm with a presence across the Americas, Europe, Middle East, and Asia. We are committed to diversity and equal employment opportunities, providing reasonable accommodations for individuals with disabilities.