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- Tasks: Join our team as a Payroll Specialist and manage payroll for 1,500 employees.
- Company: FTI Consulting, a leading professional services firm with a focus on growth.
- Benefits: Competitive salary, flexible benefits, wellness initiatives, and professional development opportunities.
- Other info: Enjoy a dynamic workplace with opportunities for career advancement and mentorship.
- Why this job: Make an impact in payroll processing while developing your skills in a supportive environment.
- Qualifications: Experience in UK payroll processing and strong attention to detail required.
The predicted salary is between 35000 - 45000 £ per year.
We have an opening for a Payroll Specialist to join us on a fixed-term contract for approximately 12 months. The Payroll Specialist is a support role within the EMEA payroll team that reports to the UK Payroll Manager. The Payroll Specialist will assist in all aspects of the monthly payroll processing as well as supporting other administrative functions within the team.
What You’ll Do
- Contribute to the processing of FTI UK Payroll for approximately 1,500 UK employees monthly
- Collate and process all UK payroll data into ADP IHCM NGUX (Starters, Leavers, Benefits, Bonuses, Overtime, Pensions etc.)
- Attention to detail in sense-checking all payroll input data is complete and correct
- Manually calculate PAYE and NI calculations, Gross to Net as needed
- Prepare and issue Maternity Pay Schedules
- Calculate SSP, SMP, SAP, SPP & SHPP
- Assist in the checking and validating of all data entered into ADP
- Issue the monthly payroll files to Senior Management for approval and payroll sign-off
- Assist in the production of final payroll reports to enable the Management Accounting Team to post the monthly payroll journal
- Assist in the reconciliation of pensions and upload to Scottish Widows
- Assist in the preparations of the monthly reconciliations for payments to HMRC and other third parties
- Act as a backup to other EMEA colleagues and process other payrolls as required
- Provide earnings data to the Global Mobility team as required
- Maintain an understanding of current payroll legislation: RTI and Auto Enrolment
- Prepare and submit monthly ONS data
- Preparation of the Modified Payroll Process P11D's
- Liaise with and maintain good relationships with internal clients on a daily basis (Employees, Benefits team, Finance, HR, HMRC, Pension Provider, Childcare Vouchers, etc.)
How You’ll Grow
We are committed to investing and supporting you in your professional development and we have developed a range of programs focused on fostering leadership, growth and development opportunities. We aim to promote continuous learning and individual skills development through on-the-job learning, self-guided professional development courses and certifications. You’ll be assigned a dedicated coach to mentor, guide and support you through regular coaching sessions and serve as an advocate for your professional growth. As you progress through your career at FTI Consulting, we offer tailored programs for critical professional milestones to ensure you are prepared and empowered to take on your next role.
What You Will Need To Succeed
- Experience of working to tight deadlines
- Strong organisational skills and methodical mindset
- Excellent communication skills, both written and verbal
- Strong attention to detail is essential
- Ability to prioritise, manage time and work effectively
- Strong team player in an environment of professionals
- Experience of working in a fast-paced environment
- Open-minded and positive attitude
Basic Qualifications
- Payroll experience in the UK, with processing volumes of 800
- Experience of dealing with payrolls from start to finish in an in-house processing environment
- Ability to manually calculate PAYE and NI calculations, Gross to Net
- In-depth knowledge of statutory legislation in relation to SSP, SMP, SAP, SPP & SHPP
- Experience processing P11D's and modified payroll
- Good working knowledge of GL coding/costings
- Solid understanding of current pension legislation
- In-depth understanding of all aspects of parental leave, including Alabaster
- Strong proficiency in MS Office, critically Excel (v-look-ups & Pivots)
Preferred Qualifications
- System knowledge of ADP IHCM
- Professional services industry experience
- Experience of processing Shadow Payroll
- Experience of processing Partnership (LLP) payroll
- CIPP qualifications
Total Wellbeing
Our goal is to support the wellbeing of you and your families—physically, emotionally, and financially. We offer market competitive benefits (including pension) supplemented by 15 flexible benefits to meet your needs. These include health, lifestyle and family-friendly options. We also offer a professional development programme, wellness, recognition, community volunteering initiatives, and flexible/hybrid working arrangements.
Location: United Kingdom, England, London
Payroll Specialist (Fixed-Term Contract) | Finance & Accounting in London employer: FTI Consulting
Contact Detail:
FTI Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Payroll Specialist (Fixed-Term Contract) | Finance & Accounting in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and accounting world, especially those who might know about payroll roles. A friendly chat can lead to insider info or even a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your payroll knowledge. Make sure you can talk confidently about PAYE, NI calculations, and the ADP IHCM platform. We want to see that you're ready to hit the ground running!
✨Tip Number 3
Show off your attention to detail! Bring examples of how you've ensured accuracy in past payroll tasks. This is crucial for a Payroll Specialist, and we love seeing candidates who take pride in their work.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at FTI Consulting.
We think you need these skills to ace Payroll Specialist (Fixed-Term Contract) | Finance & Accounting in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Payroll Specialist role. Highlight your relevant experience, especially with payroll processing and any specific software like ADP IHCM. We want to see how your skills match what we're looking for!
Show Off Your Attention to Detail: In payroll, attention to detail is key! Use examples in your application that demonstrate how you've successfully managed data accuracy in previous roles. This will show us you understand the importance of precision in payroll processing.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Share why you're passionate about payroll and how your experience aligns with our needs. We love seeing enthusiasm and a personal touch, so let your personality come through!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at FTI Consulting
✨Know Your Payroll Basics
Make sure you brush up on your knowledge of PAYE, NI calculations, and the various types of statutory pay like SSP and SMP. Being able to discuss these topics confidently will show that you’re well-prepared and understand the core responsibilities of a Payroll Specialist.
✨Familiarise Yourself with ADP IHCM
Since the role involves using the ADP IHCM NGUX platform, it’s a good idea to get familiar with its functionalities. If you can, try to find online tutorials or resources that can help you understand how to navigate the system effectively. This will demonstrate your initiative and readiness to hit the ground running.
✨Highlight Your Attention to Detail
Given the importance of accuracy in payroll processing, be prepared to share examples from your past experiences where your attention to detail made a difference. Whether it was catching an error or ensuring compliance with legislation, these anecdotes will showcase your suitability for the role.
✨Prepare Questions for Them
Interviews are a two-way street, so think of insightful questions to ask about the team dynamics, the challenges they face, or how they measure success in this role. This not only shows your interest but also helps you gauge if the company culture aligns with your values.