Payroll and Benefits Team Lead

London, England, United Kingdom

12/5/2024

Overall Summary

At Close Brothers we look to recruit individuals from all different backgrounds and encourage you to apply even if you don’t tick every box. We celebrate diversity, promote inclusivity and are open to discuss flexible work options to help you balance your work and home life.

The Payroll and Benefits Team Lead will be responsible for effectively managing and delivering a robust company employee payroll and benefits operation for the Group and Banking divisions and specific benefits (Healthcare and Risk Insurances) for all divisions across Close Brothers Group, whilst ensuring agreed service performance levels are met alongside consistent compliance with statutory regulations.

Responsibilities

• Full management of the monthly payroll payment processing in line with legislation and Company policy for the Group and Banking Divisions.
• Assist the Compensation and Benefits Manager in the co-ordination of annual benefits scheme renewals for all group divisions.
• Build and foster strong relationships with stakeholders, understanding their service requirements and ensuring any issues are dealt with in a prompt and professional manner.
• Administer year end payroll processing (e.g. P11d) and reporting in line with legislation.
• Provide monthly MI reports on payroll and benefit related KPIs.
• Take a proactive lead on payroll and benefit related projects ensuring full engagement and any changes are clearly defined, approved, tested and documented.
• Empower, nurture and engage team members in an inclusive culture through coaching, mentoring and team-development in order to increase productivity performance.
• Provide regular constructive feedback to direct reports and encourage employees to take proactive responsibility for their own personal development.
  
  
  
  

Developing Our People: as a line manager, you will be responsible for inspiring and motivating your team, as well as developing performance through coaching. You will encourage your team to take responsibility for their own personal development and provide support through regular feedback.

WE WOULD LOVE TO HEAR FROM YOU IF YOU HAVE:

• Proven knowledge and experience of Payroll and Benefit management in a multi-site complex organisation.
• Knowledge and experience of processing in-house payrolls.
• Demonstrable experience of managing and motivating a Payroll and Benefits team.
• In-depth and current knowledge of payroll and benefit legislation.
• Advanced Excel skills (Vlookups, pivot tables etc).
  
  
  
  

IT IS NOT ESSENTIAL BUT IT WOULD BE GREAT IF YOU:

• Experience of working within Financial Services sector
• Previous experience in Benefits or a keen interest
• Working knowledge of Resourcelink
• Previous experience of managing Channel Islands and Republic of Ireland payrolls
• Previous experience of managing/assisting with benefit scheme renewals
  
  
  
  

We are an inclusive organisation and committed to ensuring our recruitment process is as accessible as possible to everyone. We will make adjustments for people who have a disability or long-term condition. If you need the job description or application form in an alternative format or would like to discuss the recruitment process with us, please email us at recruit.ssc@closebrothers.com or request a call back.

About Us

For roles offering hybrid working: At Close Brothers we support employees to balance their work life priorities and in this role you will be able to enjoy a mixture of hybrid working.

Close Brothers is a leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading. At Close Brothers we provide financial support and advice to small businesses and individuals in the UK. Our purpose is to help the people and businesses of Britain thrive over the long term.

#Hybrid

To find out more about Close Brothers, please visit our careers page: https://www.closebrothers.com/careers

To find out more about life at Close Brothers:

https://www.closebrothers.com/life-close-brothers#374017299-899295541

To find out more about our benefits:

https://www.closebrothers.com/employee-benefits

To find out more about our commitment to creating an inclusive environment:

Our Responsibility - Diversity and inclusion ¦ Close Brothers Group