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Payroll, Compensation and Benefits Manager

Employer
VWA
Location
London, United Kingdom
Salary
Competitive Salary
Closing date
Feb 13, 2024

View more

Job Role
Payroll
Sector
Finance
Contract Type
Permanent
Hours
Full Time
Payroll, Compensation and Benefits Manager
International Insurance Business
London, Hybrid
Permanent
5-CB&MV/HE/ET/HK

About

the Client:

VWA is working for a highly entrepreneurial insurance business with international reach; based in London, the company has around 160 employees globally and will continue to grow in the next year. The Payroll, Compensation and Benefits function is growing quickly, and they are now looking to bring on a Compensation and Benefits Manager to come in and help with the expansion.

This is a newly created role, so an exciting time to join!

About the Payroll, Compensation and Benefits Manager role:
  • Processing of payroll across global offices, liaising with the People & Culture Officer to ensure timely submission of all payroll data
  • Working with the People & Culture Officer in engaging new payroll providers
  • Checking the payroll outputs provided by third party providers
  • Processing salary payments globally, utilising Treasury Management System
  • Implementing a payroll timeline that allows tracking of any statutory payments, pension payments, and employee benefits payments to ensure these are managed and paid in a timely manner, in accordance with payment terms
  • Liaising with the Head of Treasury to ensure the correct funds are accrued and available in each bank account to be able to make timely transactions
  • Ensuring payroll journals, accruals and reconciliations are completed and accurate to feed back into Finance processes, Managing payrolling of benefits, HMRC/equivalent reporting and the equivalent in other global locations
  • Assist in the managing of the forecasting processes on an annual and monthly basis of all compensation and benefits costs
  • Assist People and Culture and Finance teams in the provision of reports for global annual compensation and bonus review for timely delivery to the remuneration committee
  • Managing the scoping and implementation of the preferred global payroll solution
  • Liaising with majority shareholder to share best practice amongst teams, providing reporting and data outputs, and maintaining a good relationship with the Payroll team at the majority shareholder.
  • Managing the benefits renewals in all jurisdictions and ensuring that new payrolls and benefits are set up correctly for any new jurisdictions, working closely with the People and Finance teams

Skills, knowledge, and experience required:
  • A proactive and positive approach to work
  • Meticulous attention to detail and accuracy
  • Excellent analytical and synthesis skills
  • Ability to act with honesty, integrity and discretion
  • Ability to interpret and apply best practice in accordance with unique business needs
  • A team-player who can also work independently and autonomously
  • Excellent timekeeping and organisation skills with the ability to juggle multiple priorities and deadlines
  • Ability to adapt to changing work priorities at short notice
  • Excellent interpersonal skills and ability to interact with all levels
  • Possess strong administrative skills, including excellence in MS Excel and full competence with Microsoft 365 software suite

Knowledge:
  • Extensive knowledge of the payroll function and proven track record of managing a highly effective payroll function
  • Understanding of the finance related deliverables
  • Knowledge of the structure of financial statements (P&L, Account, Balance Sheet, Cash Flow) and basic accounting transactions
  • Understanding of payroll compliance and industry legislation
  • Knowledge of payroll packages/ software is advantageous

Experience:
  • Processing multi-jurisdictional payroll
  • Being a liaison between HR and Finance
  • Preparing and posting journals is desirable
  • Implementing a global payroll system is advantageous
  • 3 - 5+ years in a similar role
  • CIPP qualified or equivalent is desirable

Other Details:
  • Salary depending on experience
  • Office-based 2-3 days per week
  • Core hours 9am-5pm with flexibility to work beyond as necessary
  • Non-contributory pension scheme, Private Medical, Discretionary Bonus, 27 days' holiday and more
  • Opportunity to join a hard-working and passionate team who are in growth phase!

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