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For Companies At a Glance
- Tasks: Manage pension payroll, oversee financial activities, and ensure compliance with regulations.
- Company: Join HSBC, a global leader in banking with endless opportunities for growth.
- Benefits: Enjoy hybrid working, private healthcare, and generous maternity support.
- Why this job: Be part of a diverse team driving impactful financial services in a supportive culture.
- Qualifications: Experience in pensions payroll and finance, with strong numerical and IT skills required.
- Other info: Open to diverse candidates; inclusive hiring practices are a priority.
The predicted salary is between 36000 - 60000 £ per year.
Some careers shine brighter than others. If you are looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
Our Digital Business Services teams are the foundation of HSBC, providing essential support across technology, operations and key central business services for our global businesses and functions. This includes running customer operations, delivering innovative digital solutions for customers and colleagues, managing bank-wide change, and central services such as procurement and real estate management. The teams play a vital role in driving great experiences for customers, colleagues, and enabling the bank's strategy.
As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.
The role of Pension Payroll Manager within the HSBC Wealth Retirement Services - Banking team will be responsible for overseeing all financial related activity in respect of pension scheme members, including payroll processing, direct debit administration, account reconciliations, invoice management and general pension finance duties. This position would be ideal for someone who has demonstrable experience in pensions payroll and pensions finance.
In this role you will:
- Management and oversight of the Banking team
- Accurate completion of monthly and supplementary pension payrolls - reconciliation, tax code processing, RTI reporting, BACS processing, and payslip/P45 production
- Accurate completion of daily account reconciliations
- Overseeing direct debit administration for pension contributions
- Production of regulatory/member reporting
- Provide information to HMRC in line with HMRC requirements and deadlines
- Ensuring invoices are raised in line with terms and conditions and in a timely manner
- Debt recovery in connection with invoices
- Production of management information as and when required
- Procedure reviews
- Participation in projects
- Training and coaching members of staff at all levels
- Allocation and supervision of work across teams
- Auditing/peer checking of work across teams
To be successful in this role you should meet the following requirements:
- Demonstrable working payroll experience with a recognised payroll qualification
- Knowledge of pension administration system (SIPP~Pro) would be beneficial
- Knowledge of Cashvac is advantageous but not essential
- Continuous personal development staying up to date with payroll legislation
- Experience of manual payroll calculations
- Strong knowledge of RTI, Government Gateway and BACS Payment Services
- Excellent numerical skills
- Competent IT skills/Excel
- Strong attention to detail
- Strong organisation and time management skills working to tight deadlines
- The ability to work on own initiative as well as being able to identify when it is necessary to seek advice and support
This role can be based in London or Fareham and offer hybrid working. Being open to different points of view is important for our business and the communities we serve. At HSBC, we are dedicated to creating diverse and inclusive workplaces - no matter their gender, ethnicity, disability, religion, sexual orientation, or age. We are committed to removing barriers and ensuring careers at HSBC are inclusive and accessible for everyone to be at their best.
We take pride in being a Disability Confident Leader and will offer an interview to people with disabilities, long term conditions or neurodivergent candidates who meet the minimum criteria for the role. If you have a need that requires accommodations or changes during the recruitment process, please get in touch with our Recruitment Helpdesk.
Pension Payroll Manager employer: HSBC
Contact Detail:
HSBC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pension Payroll Manager
✨Tip Number 1
Familiarise yourself with the specific payroll systems mentioned in the job description, such as SIPP~Pro and Cashvac. Even if you don't have direct experience with these systems, showing a willingness to learn and adapt can set you apart.
✨Tip Number 2
Network with current or former employees of HSBC, especially those in the Wealth Retirement Services team. They can provide insights into the company culture and expectations, which can be invaluable during interviews.
✨Tip Number 3
Stay updated on the latest payroll legislation and best practices. Being knowledgeable about recent changes can demonstrate your commitment to continuous personal development, which is highly valued by HSBC.
✨Tip Number 4
Prepare to discuss your experience with managing teams and training staff, as this role involves oversight and coaching. Highlight specific examples where you've successfully led a team or improved processes in your previous roles.
We think you need these skills to ace Pension Payroll Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your relevant experience in pensions payroll and finance. Use specific examples that demonstrate your skills in payroll processing, account reconciliations, and compliance with HMRC requirements.
Craft a Strong Cover Letter: Write a cover letter that clearly outlines your motivation for applying to HSBC and how your background aligns with the role of Pension Payroll Manager. Mention your familiarity with payroll legislation and any relevant qualifications.
Highlight Key Skills: In your application, emphasise your numerical skills, attention to detail, and ability to work under tight deadlines. These are crucial for the role and should be evident in your written materials.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your professionalism and attention to detail, which is essential for this position.
How to prepare for a job interview at HSBC
✨Showcase Your Payroll Expertise
Make sure to highlight your experience with payroll processing and any relevant qualifications you have. Be prepared to discuss specific examples of how you've managed payroll tasks, especially in relation to pensions.
✨Demonstrate Attention to Detail
Given the nature of the role, it's crucial to show that you have strong attention to detail. You might want to prepare examples where your meticulousness helped avoid errors or improved processes in previous roles.
✨Familiarise Yourself with Relevant Legislation
Brush up on current payroll legislation, particularly around RTI and BACS Payment Services. Being able to discuss recent changes or challenges in payroll legislation will demonstrate your commitment to staying informed.
✨Prepare for Team Management Questions
As this role involves overseeing a team, be ready to discuss your leadership style and experiences. Think of examples where you've trained or coached staff, and how you allocate work effectively within a team.
