What are the responsibilities and job description for the Payroll Advisor position at Schroders Recruitment?
Who we're looking for
We're looking for someone to join our friendly in-house team of payroll professionals and play a vital part in ensuring the smooth running of our UK payroll. You will be a driven self-stater, who likes to use their initiative, thinks independently and can be self-reliant. Your methodical approach, open-mindedness, and eagerness to learn will be instrumental in your success.
The UK payroll is managed in-house using third party provider software and you will work closely with the wider HR team to achieve legal compliance and process efficiency in your day-to-day work.
We believe in fostering a positive and inclusive work culture, and we are looking for someone with a can-do attitude and the confidence to express their own ideas. Your strong analytical skills and ability to quickly learn and adapt to new processes and concepts will be highly valued in this role.
In addition to supporting the running of the UK payroll, you will also be involved with payrolls for some of Schroders' overseas territories; providing timely, accurate monthly instructions to third-party providers with overall responsibility for the monthly cycle, including funding and payment to employees.
About Schroders
We're a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we've been around for over 200 years but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
The base
At Schroders, we're known for doing things differently. That's why we're building a home for the ambitious in Horsham, West Sussex. You'll get the all the benefits of being part of a world-leading FTSE 100 company. But you'll also get the support of being part of a genuine local community. If you're looking for opportunities that match your ambitions, you'll find them right here in Horsham.
What you'll do
You'll be a joining a team of experienced, dedicated and supportive payroll professionals who, as part of the HR Operations group, continuously deliver work to a very high standard, providing exceptional service to our employees. The team spans both London and Horsham.
• Process payroll for circa 3,700 UK employees, plus directors and expats
• Input and import payroll data from a variety of sources
• Check payroll data and output
• Investigate and resolve payroll errors, working with the wider HR team to do this
• Answer queries from employees, the HR team, Finance team and external parties
• Raise third party payments and support the invoicing process
• Support annual audit processes
• Assist the Finance and Accounting teams with their monthly payroll reconciliations
• Work on the implementation of changes due to legislation or internal process updates
• Help ensure compliance with legal requirements, such as tax regulations, employment laws, and data protection regulations
• Support ad hoc HR projects and provide ad hoc reporting as required
• Support overseas payroll activities
• Create a small number of monthly payroll journals
• Support production of a small number of annual P11Ds
• Participate in payroll training and maintain the payroll processing guide and training materials
The knowledge, experience and qualifications you need
• Experience of UK payrolls, ideally within the financial services industry
• High proficiency in using MS Office applications, particularly Excel
• Demonstrable understanding of the payroll function and how it operates
• Excellent attention to detail and accuracy
• Strong analytical and problem-solving skills
• Ability to work efficiently under tight deadlines and manage multiple tasks simultaneously
• Ability to handle confidential information with discretion
• Ability to understand and apply complex concepts
The knowledge, experience and qualifications that'll help
• Experience of working with SDWorx software
• Knowledge of payroll legislation, regulations, and principles of best practice
• Some international payroll experience/knowledge
• Experience of processing deferred compensation awards
• Experience of improving processes to make them as effective and efficient as possible
• Ability to interpret changes in legislation and incorporate them into processes
What you'll be like
• Passionate about your role and committed to delivering a first-class service
• A good communicator with a thoughtful, empathetic and collaborative approach
• An enthusiastic learner with a keenness to improve through feedback
• A team player with a desire to collaborate with the payroll and wider HR teams, internal/external stakeholders and 3rd parties
• Someone with demonstrable integrity and resilience
We recognise potential, whoever you are
Our purpose is to provide excellent investment performance to clients through active management. Diversity of thought facilitated by an inclusive culture will allow us to make better decisions and better achieve our purpose. This is why inclusion and diversity are a strategic priority for us and why we are an equal opportunities employer: you are welcome here regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background or any other protected characteristics
