At a Glance
- Tasks: Assist with payroll and benefits administration, ensuring smooth operations and support for employees.
- Company: Join Federated Hermes, a global leader in responsible investment management with over $839 billion in assets.
- Benefits: Enjoy flexible working arrangements, a supportive team culture, and opportunities for personal growth.
- Why this job: Be part of a dynamic team that values diversity and promotes employee wellbeing initiatives.
- Qualifications: Previous payroll experience is essential; familiarity with HR systems and strong IT skills are a plus.
- Other info: We encourage applications from diverse backgrounds and offer support for candidates with disabilities.
The predicted salary is between 30000 - 42000 £ per year.
Location – London
About Federated Hermes:
Federated Hermes, Inc. is a global leader in active, responsible investment management, with $839.8 billion in assets under management, as of March 31st, 2025. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset, and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide.
Main Function of the role:
The role is responsible for assisting the Reward Team with support across all elements of reward, with a focus on benefits and payroll administration, including but not limited to; providing benefits and payroll support for employees and managers, annual benefits review, payroll entry and verification, supplier invoice management, creating/distributing employee communication and assisting with any other HR projects as required.
Key tasks and responsibilities:
- Payroll Administration
- Provide 'first-line' support for employee payroll related queries.
- Monitor and check data quality throughout all payrolls.
- Process payroll invoices.
- Assist Global Payroll Team in running end-to-end payroll processes such as:
- Generating and running reports from HR systems to generate payroll inputs
- Preparation of payroll submission, checking payroll results, building payroll reporting for sign-off; configuring payments for approval; creating payment instructions.
- Liaison with third party providers.
- Provide support to Benefits Manager on all aspects of Benefits administration.
- Assist with maintenance of 3rd party benefits platforms. This will involve uploading and downloading data, information management, configuration of functional and content changes and resolving queries.
- Process benefit supplier invoices, ensuring fees reconcile with employee membership.
- Support the renewal of benefits on an annual basis for all UK & International locations and entities, including the provision of data to third parties.
- Provide 'first-line' support for employee benefit related queries and work closely with HRBP team and Payroll to ensure seamless end-to-end processes.
- Liaison with third party suppliers and utilising their systems to provide information and resolve queries.
- Create and maintain Reward & Benefit related pages and related materials on the Hub (intranet) to enable employee self-service.
- Assist in administration, communications and planning for cyclical and ad hoc projects.
Minimum knowledge & experience required:
- Payroll experience is essential
- Knowledge of income and NI tax.
- Maintenance of accurate and up to date records and shared drive
- Good understanding of technical HR systems, data management and reporting is essential
Experience Required:
- Understanding of Benefits and Compensation
- Detail focused with good forward planning skills and ability to apply learning experiences to continually improve performance
- Interest in employee benefit and wellbeing initiatives
- Experience of working within a confidential environment and/or HR team is desirable
- Good IT skills, familiar with Microsoft suite especially Excel
Candidate Profile:
- Able to work under pressure whilst responding rapidly to changes and still meeting deadlines.
- Accuracy and attention to detail
- Analytical thinking and problem-solving skills
- Intermediate Microsoft Word and Excel skills with the ability to manipulate and effectively report data
- The successful candidate will have proven numeracy and literacy skills and be an effective communicator both written and oral.
- The ability to prioritise and effectively plan.
- Exercise initiative, lateral thinking and flexibility.
- Maintains positive and productive working relationships, has a “can do” attitude and promotes teamworking.
- Treats everyone with dignity, honesty and respect.
- Shows a high level of self-awareness, understands impact of own behaviour on others, and upholds the highest standards of company values/practice.
- Ability to interact effectively with employees and external stakeholders.
Diversity, Inclusion and Flexible Working:
We believe in genuine opportunity, fairness, and respect for all applicants and aim to ensure that no current or prospective employee is subject to discrimination or treated less favourably on the basis of their disability, gender identity or expression, race, ethnicity, religion or belief, marriage or civil partnership, pregnancy and maternity, age, sex, or sexual orientation, or disability.
We understand that applicants may have different needs and expectations related to their working arrangements and are committed to a discussion on flexible working. Please raise these with your Recruitment contact to discuss what type of arrangements can work for you and the role for which you are applying.
We welcome applications from all eligible candidates, and we particularly encourage applications from qualified candidates who identify as women and/or are from a Black, Asian and Minority Ethnic background, as these groups are underrepresented throughout the financial services sector.
We are a Disability Confident Employer and participate in the “Offer of Interview” scheme, intended to actively encourage applications from people with a disability or long-term condition and offer an interview to those who meet the minimum criteria set out within this job description.
You will need to let us know if you would like to opt in to this scheme by contacting Jessica Sheehan at Jessica.sheehan@federatedhermes.com or +44 207 702 0888. You do not need to share details of your disability or long-term condition. If you would benefit from alternative methods of applying or for workplace adjustments during the recruitment process, please also let us know by contacting Jessica Sheehan at Jessica.sheehan@federatedhermes.com or +44 207 702 0888 to discuss the support you need.
Payroll and Benefits Specialist- 18 month FTC employer: Federated Hermes Limited
Contact Detail:
Federated Hermes Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payroll and Benefits Specialist- 18 month FTC
✨Tip Number 1
Familiarise yourself with payroll systems and processes. Understanding how payroll works, including tax calculations and data management, will give you a significant edge during interviews.
✨Tip Number 2
Network with professionals in the HR and payroll field. Attend industry events or join relevant online forums to connect with others who can provide insights or even refer you to opportunities at Federated Hermes.
✨Tip Number 3
Demonstrate your attention to detail by preparing for potential interview questions that require analytical thinking. Be ready to discuss how you've handled payroll discrepancies or managed sensitive employee information in the past.
✨Tip Number 4
Show your enthusiasm for employee benefits and wellbeing initiatives. Research current trends in employee benefits and be prepared to share your thoughts on how they can enhance workplace satisfaction during your interview.
We think you need these skills to ace Payroll and Benefits Specialist- 18 month FTC
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant payroll and benefits experience. Focus on your skills in data management, attention to detail, and any specific payroll systems you've used.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your background aligns with the responsibilities outlined in the job description, particularly your experience with payroll administration and benefits support.
Highlight Relevant Skills: Emphasise your analytical thinking, problem-solving abilities, and proficiency in Microsoft Excel. These skills are crucial for the Payroll and Benefits Specialist role, so make them stand out.
Showcase Your Communication Skills: Since the role involves liaising with employees and third-party suppliers, demonstrate your effective communication skills in both your CV and cover letter. Provide examples of how you've successfully resolved queries or communicated complex information in previous roles.
How to prepare for a job interview at Federated Hermes Limited
✨Know Your Payroll Basics
Brush up on your payroll knowledge, especially regarding income and National Insurance tax. Being able to discuss these topics confidently will show that you understand the core responsibilities of the role.
✨Demonstrate Attention to Detail
Prepare examples from your past experiences where your attention to detail made a difference. This role requires accuracy in payroll and benefits administration, so showcasing this skill is crucial.
✨Familiarise Yourself with HR Systems
Since the job involves working with technical HR systems, make sure you can talk about any relevant experience you have. If you’ve used specific software or tools, mention them and how they helped you manage data effectively.
✨Showcase Your Communication Skills
As you'll be liaising with employees and third-party providers, it's important to demonstrate your communication skills. Prepare to discuss how you've effectively communicated complex information in previous roles.