Payroll & Benefits Manager

Job Title: Payroll & Benefits Manager

Location: London (Hybrid Working - Approx. 2 days a week in the office)

Reports To: HR Manager, dotted line to Finance

Job Type: Full-Time - Permanent (to start ASAP)

Salary Indicator - £55,000 + Bonus & Competitive Pensions

Role Summary

As the Payroll & Benefits Manager, you will be responsible for managing end-to-end payroll processes, ensuring accuracy, compliance, and timeliness. You will also oversee the administration of employee benefits programs, acting as a key resource for employees while ensuring alignment with industry standards and regulatory requirements. This role is ideal for a highly organized individual who thrives in a stand-alone position, taking full ownership of payroll and benefits responsibilities within a fast-paced, highly regulated industry.

Key Responsibilities

Payroll Administration:

• Manage and process accurate end-to-end payroll for all employees, ensuring compliance with company policies, tax regulations, and legal requirements.
• Validate timesheets, deductions, bonuses, commissions, and other variables.
• Ensure timely payroll submissions and resolve any discrepancies.
• Maintain accurate payroll records and prepare reports as required by management or external auditors.
• Liaise with external payroll providers and maintain positive vendor relationships.

Benefits Administration:

• Administer employee benefits programs, including health insurance, retirement plans, and any other employee perks.
• Act as the main point of contact for employee benefits inquiries, resolving issues promptly.
• Coordinate annual enrolment processes and ensure accurate communication of benefit offerings.
• Partner with HR to assess market trends and ensure the company’s benefits offerings remain competitive.

Compliance & Reporting:

• Ensure compliance with all payroll-related laws, including tax codes, labor laws, and insurance regulations.
• Prepare and file payroll-related tax documents (e.g., P11Ds, W-2s, or other country-specific filings).
• Keep updated with changes in legislation affecting payroll and benefits and implement updates as needed.
• Generate and analyze payroll and benefits reports to support strategic business decisions.

Employee Support:

• Provide guidance to employees regarding payroll and benefits policies.
• Address employee questions related to compensation, benefits enrollment, and deductions.
• Maintain confidentiality and provide professional support regarding sensitive information.

Qualifications and Skills

• Proven experience as a Payroll professional, ideally in a stand-alone capacity.
• Prior experience working within the insurance or financial services industry is highly desirable.
• Thorough knowledge of payroll systems, employment laws, and tax regulations.
• Proficiency with payroll systems and strong Excel skills.
• Strong analytical and organizational skills with attention to detail.
• Excellent communication and interpersonal skills.

Why Join Us?

• Opportunity to work within a dynamic and growing insurance company.
• Competitive salary and comprehensive benefits package.
• Collaborative work environment that values innovation and operational excellence.
• Professional growth and development opportunities.