Payroll and Reward Specialist

London, England, United Kingdom

5/15/2025

We now have a excellent opprtunity for someone to work within financial services and insurance as a Payroll and Reward Specialist where you are at the heart of the organisation ensuring financial accuracy and supporting the well being of our employees across the company.

Are you a detail-oriented payroll expert with a keen interest in rewards and benefits? We're looking for a dynamic individual to handle our UK payroll and benefits processes. You'll be a key player in our HR team, ensuring smooth monthly payroll operations, administration of reward programmes and reporting.

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

This role is primarily responsible for the management of the Payroll and Reward processes for the UK including monthly and ad-hoc payroll, annual salary and bonus processes, financial audits and reporting. This role holder will also work closely with the Group C&B team as well as the Finance team to ensure they have relevant data for processes and budgets. The candidate appointed to this role will be a key member of the HR team and contribute to the success of the team's key deliverables.

Your key areas of responsibility will be as follows;

Payroll

• Prepare monthly payroll instructions for outsourced payroll provider for UK entities.
• Review payroll reports and ensure correct and timely payments.
• Respond to payroll and benefits related employee queries.
• Gather data and prepare ad hoc HR reports as required.
• Coordinate with other payroll team for a small number of non-UK employees as necessary.
• Work with external tax advisors to answer employee tax questions related to international mobility, shares, payroll, etc.
• Liaise with Finance team to provide all information needed for their processes including, but not limited to: payroll journals, payroll-related queries, and data for financial audits.
• Prepare and validate data required for various HMRC filings.
• Working with the tax lead on UK tax compliance for P11D, Reporting Director's tax payroll and short term visitor reporting
• Working with SCOR Syndicate FD and the SCOR UK FD reporting payroll data for the audit requirements.
• Monitor changes to UK tax rules and impact on payroll.

Reward

• Manage administration of benefits programmes working for continuous efficiency improvement.
• Continuously review and analyse employee benefits to ensure competitiveness and relevance.
• Manage relationship with broker and benefit providers (Health Insurance, Pension, etc.) to drive maximum value for SCOR.
• Drive UK Health & Wellbeing programme working with the UK CSR committee.

Compensation

• Coordinate compensation benchmarking for UK and South Africa.
• Contribute to annual compensation process providing analysis and data points to HR BPs and the Group C&B team.
• Participate in various C&B surveys.
• Work closely with Group Compensation & Benefits team on relevant items.
  
  

Reporting

• Gender Pay Gap Reporting analysis, preparation of the report, and publication.
• Contribute to DEI, Employee Experience and Engagement action items.
• Other duties as required which may include other HR disciplines.

SCOR reserves the right to fill this position at a level above or below the level included in this advertisement.

Required experience & competencies

Experience:

• Proven experience with managing data.
• HRIS experience is an advantage
• Previous Experience with ADP iHCM is highly desirable.
• Excellent MS skills; including Word, Excel, & Teams
• Proven experience of managing payrolls, benefits, benchmarking
• Relevant qualification is advantageous (CIPD or other relevant qualification)
• Good understanding of the UK regulatory environment around pension, payroll, and employee taxes

Personal Competencies:

• Team player with strong interpersonal skills.
• Problem solver
• Strong organisation skills and attention to detail.
• Initiative to improve the way we work.
• Flexibility and adaptability.
• Good communications skills and comfortable dealing with people at all levels
  
  
  SCOR adopts a hybrid working pattern, you will be required to work in the London office a minimum of 3 days per week.

  SCOR reserves the right to fill this position at a level above or below the level included in this advertisement.

  If this sounds like the right opportunity for you then please dont hesitate to submit your CV to us.
  
  Only candidates with the permanent right to work in the UK will be eligible.

Desired Skills and Experience

Payroll, Finance, Communication skills, Analytical skills