BENEFITS & PAYROLL MANAGER – LEADING GLOBAL ENGINEERING FIRM

Recruiter
19 London
Location
London (Greater)
Salary
£55,000-£70,000 per annum, depending on experience
Posted
10 Sep 2020
Closes
25 Sep 2020
Job Title
HR
Industry Sector
Energy / Utilities, HR
Contract Type
Permanent
Hours
Full Time

This is a fantastic opportunity for a talented HR professional with vast experience in Payroll and Benefits to join an FTSE 250 global leading Engineering firm as their UK Payroll and Benefits Manager. Reporting to the Head of Reward, you will ensure the coordination of the benefits programme for all employees in the UK (280) as well as provide an efficient and professional payroll service across all UK sites from their headquarters in Central London. 

This is a highly professional working environment with a warm and welcoming team that offers stability, training, as well as the opportunity to work for a great organisation that has an excellent reputation in the market and looks after its employees well. 

Usual office hours are 08:30 – 17:30, Monday to Friday and there is the opportunity for career progression. Benefits include bonus, private healthcare and pension.

KEY RESPONSIBILITIES:

  • Responsible for administering company benefits plans in the UK
    • Number of plans: 3 life, 2 medical, 1 group personal pension, 1 income protection plan
    • Number of beneficiaries: 7,500 (incl 6,000 in DB plan)
    • Total assets under management/ liabilities/ premiums paid:
      • Defined contribution: contributions worth 29 mios pa
      • Medical: total premiums paid pa: GBP 315k (UK)
      • Life: total premiums paid pa: GBP 300k for all three plans combined
      • Income protection: GBP 30k
  • Responsible for managing the total UK payroll; weekly and monthly (4 PAYE refs)

BENEFITS COORDINATION

  • Manage pension queries raised by the divisions and escalate as appropriate
  • Coordinate Pension and Benefits Team’s annual budget (including checking invoices for approval)
  • Manage 3 Childcare Voucher Schemes and carry out annual basic earnings assessments for each tax year
  • Manage the monthly upload and validation of the Auto Enrolment files
  • Act as Secretary to the Benefits Committee
  • Co-ordinating the Group Personal Pension Plan with Premier
  • Actively manage and monitor the Lifetime Allowance/Annual Allowance position for Senior Executives and Individual Members
  • Act as Secretary to the Life Assurance Trusts (3 in total)
  • Manage the annual renewal of the Group Life Assurance Plans & Group Income Protection Scheme with the broker
  • Manage death in service and income protection claims
  • Facilitate and manage the information gathering for the annual P11D process
  • Manage the UK Private Medical Insurance Scheme
  • Act as Secretary to the Global Defined Benefit Scheme Pensions Committee
  • Participate in projects such as Automatic Re-enrolment and phasing of Auto Enrolment contributions

UK PAYROLL

  • Oversee the provision of a first-class payroll service, zero mistakes, covering all UK employees (both hourly and salaried) with the external payroll provider
  • Manage PAYE Settlement Agreements for all UK PAYE references
  • Manage the Annual P11D Submission
  • Manage the monthly Swedish PAYE Returns
  • Review and submit weekly and monthly payrolls to payroll bureau
  • Conduct checking and review variances
  • Seek appropriate approvals for payroll sign-off
  • Coordinate with external tax provider to ensure ex-pat and commuter payrolls are correctly managed
  • Review and submit weekly and monthly pension contributions files
  • Manage Directors taxable expenses process (London)
  • Provide year-end Directors Emoluments data for auditing/annual reporting

ESSENTIAL CRITERIA:

  • Degree in a relevant discipline
  • At least 3 years’ relevant payroll and benefits experience, with a focus on pensions
  • In-depth understanding of UK payroll practices
  • How to run a contract-based defined contribution scheme – with its statutory /governance requirements
  • Knowledge of ‘normal’ Company benefits, including life assurance policies, income protection insurance, medical, annuity purchase arrangements and retirement procedures – with their associated data requirements
  • Knowledge of Company objectives
  • Computer literate – Outlook, Office
  • Excellent command of English, written and spoken
  • Attention to detail, quality of execution, accuracy is critical to be successful in the role which involves a lot of exchange of information
  • Excellent checkable references

If this sounds of interest and you meet the essential criteria, please apply within or get in touch to find out more.

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