Uk Payroll Executive

Modern Growth Technologies; New Delhi; On-site; INR 5,762,000 - 8,323,000; Full time

Job summary

Modern Growth Technologies seeks an experienced payroll specialist to manage UK payroll end-to-end, ensure compliance with statutory requirements, and handle related treasury and reconciliation tasks.

You will coordinate with HR and management on bonus calculations, reimbursements, and payroll workflows, while maintaining accurate records and assisting with audits and reporting.

Qualifications

• Hands-on experience in UK payroll processing.
• Solid knowledge of payroll legislation and statutory compliance.
• Experience in bank liaisoning, treasury operations, and payment handling.
• Strong understanding of bonus processing and employee reimbursements workflows.
• Advanced Excel skills including VLOOKUP, XLOOKUP, Pivot Tables and macros.

Responsibilities

• Process end-to-end payroll for UK employees accurately and within defined timelines.
• Verify payroll inputs including new joiners, leavers, salary revisions, bonus calculations, overtime, and deductions.
• Prepare and validate bonus workings in coordination with HR and management.
• Manage employee reimbursements, validate claims, and ensure timely processing through payroll or accounts payable.
• Ensure compliance with UK and US payroll legislation and statutory requirements.
• Calculate taxes, social security contributions, pensions, and other statutory deductions.
• Liaise with banks for payroll funding, payment processing, and issue resolution.
• Manage payroll-related bank transactions and ensure timely salary disbursements.
• Coordinate with banks on payment delays, rejections, and trace requests.
• Monitor bank accounts to ensure funds availability for payroll processing.
• Handle payment confirmations, track transfers, and ensure funds are credited to beneficiary accounts.
• Work closely with treasury team on cash flow planning related to payroll.
• Support in resolving banking discrepancies and payment-related queries.
• Perform bank reconciliations for payroll accounts and investigate discrepancies.
• Reconcile payroll reports with the General Ledger and resolve variances.
• Prepare payroll journals, variance analysis, and monthly payroll reconciliations in Xero or similar systems.
• Assist in month-end and year-end close processes related to payroll and treasury.
• Coordinate with HR, Finance, Treasury, and external payroll providers.
• Handle employee payroll queries related to salary, tax deductions, benefits, bonuses, and reimbursements.
• Maintain payroll records ensuring strict confidentiality.
• Support payroll audits and statutory reporting requirements.

Skills

UK payroll processing

Payroll legislation

Bank liaisoning

Treasury operations

Bonus processing

Employee reimbursements workflows

Advanced Excel

Xero accounting software

Communication

Attention to detail

Tools

Xero

Job description

Responsibilities

• Process end-to-end payroll for UK employees accurately and within defined timelines.
• Verify payroll inputs including new joiners, leavers, salary revisions, bonus calculations, overtime, and deductions.
• Prepare and validate bonus workings (quarterly/annual) in coordination with HR and management.
• Manage employee reimbursements, validate claims, and ensure timely processing through payroll or accounts payable.
• Ensure compliance with UK and US payroll legislation and statutory requirements.
• Calculate taxes, social security contributions, pensions, and other statutory deductions.

Treasury & Banking Responsibilities

• Liaise with banks for payroll funding, payment processing, and issue resolution.
• Manage payroll-related bank transactions and ensure timely salary disbursements.
• Coordinate with banks/intermediary banks on payment delays, rejections, and trace requests.
• Monitor bank accounts to ensure sufficient funds availability for payroll processing.
• Handle payment confirmations, track transfers, and ensure funds are credited to beneficiary accounts.
• Work closely with treasury team on cash flow planning related to payroll.
• Support in resolving banking discrepancies and payment-related queries.

Reconciliation & Accounting

• Perform bank reconciliations for payroll accounts and investigate discrepancies.
• Reconcile payroll reports with the General Ledger and resolve variances.
• Prepare payroll journals, variance analysis, and monthly payroll reconciliations in Xero or similarsystems.
• Assist in month-end and year-end close processes related to payroll and treasury.

Coordination & Compliance

• Coordinate with HR, Finance, Treasury, and external payroll providers.
• Handle employee payroll queries related to salary, tax deductions, benefits, bonuses, and reimbursements.
• Maintain payroll records ensuring strict confidentiality.
• Support payroll audits and statutory reporting requirements.

Required Skills

• Hands-on experience in UK payroll processing.
• Strong understanding of payroll legislation and statutory compliance.
• Experience in bank liaisoning, treasury operations, and payment handling.
• Strong knowledge of bonus processing and employee reimbursement workflows.
• Advanced Excel skills (VLOOKUP, XLOOKUP, Pivot Tables, IF, SUMIF, data validation,basic macros preferred).
• Knowledge of bank reconciliation, payroll accounting, and General Ledger processes.
• Experience working with Xero or similar accounting software.
• Excellent communication and stakeholder management skills.
• High attention to detail and accuracy.