At a Glance
- Tasks: Manage payroll processing, ensure compliance, and support employee inquiries.
- Company: Dynamic company offering a collaborative and supportive work environment.
- Benefits: Flexible hours, unlimited PTO, stock options, and comprehensive health insurance.
- Other info: Join a team that values detail-oriented individuals and offers career advancement.
- Why this job: Grow your payroll expertise while making a real difference in employees' lives.
- Qualifications: 2+ years of payroll experience and proficiency in ADP and Rippling.
The predicted salary is between 30000 - 40000 £ per year.
We are seeking an energetic, highly organized and detail-oriented individual to fill a full-time Payroll Specialist role. The ideal candidate is an enthusiastic self-starter who is motivated to set and achieve goals and take initiative within the workplace. They are organized, professional and demonstrate excellent attention to detail. The position will give you the opportunity to grow your payroll and accounting knowledge and experience.
Responsibilities
- The successful candidate will be critical in reducing manual processing risks, ensuring regulatory compliance, systems automatization and day-to-day payroll operations.
- Process and finalize payroll runs (Semi-Monthly, Bi-Weekly, Weekly, and specialized off-cycle runs) for all employees using our primary payroll platforms, Rippling and ADP.
- Verify all timecards, wage computation, statutory deductions, benefits deductions, garnishments, and employee changes for accuracy and compliance.
- Manage end-to-end processing, including reconciling final payroll previews and submitting funding requests.
- Prepare payroll-related General Ledger (GL) entries into the NetSuite accounting system, ensuring accurate cost center allocations.
- Reconcile payroll accounts on a monthly basis.
- Monitor and reconcile bank account transactions related to payroll disbursements.
- Ensure timely and accurate processing of all federal, state, and local tax remittances, including quarterly and year-end reporting (W-2s, 1099s, 941a reports).
- Manage new state registrations for employees and quarterly Workers’ Compensation (WC) tax reporting.
- Administer 401K contribution processing.
- Support the annual 401K audit.
- Respond to and resolve employee inquiries regarding pay, deductions, and tax forms, reducing the administrative burden on the Accounting Manager.
- Serve as the primary subject matter expert for payroll and HRIS systems including Rippling, ADP, and BambooHR.
Benefits
- Vision/Dental/Medical Insurance
- Life/Disability Insurance
- Parental Leave
- Stock Options
- Flexible Work Hours
- Unlimited Paid Time Off
Qualifications
- Proven, hands-on expertise with major systems including ADP, Rippling, Fidelity 401K, NetSuite, BambooHR, and advanced Microsoft Excel skills.
- 2+ years of dedicated payroll processing experience, ideally managing high-frequency (monthly, bi-weekly, weekly) and multi-state payroll.
- Professional certification (e.g., Fundamental Payroll Certification (FPC) or Certified Payroll Professional (CPP)).
- Experience with Workday.
- Exceptional attention to detail, strong analytical and problem-solving skills, and ability to handle confidential information with discretion.
- Associate’s degree in Accounting, Finance, or a related field; Bachelor’s degree preferred.
Payroll Specialist in Cambridge employer: Iterative Health
Join a dynamic and supportive team as a Payroll Specialist, where your meticulous attention to detail and proactive approach will be valued. Our company fosters a collaborative work culture that prioritises employee growth through continuous learning opportunities and flexible work arrangements, including unlimited paid time off. Located in a vibrant area, we offer competitive benefits such as comprehensive health insurance and stock options, making us an excellent employer for those seeking a rewarding career in payroll and accounting.
StudySmarter Expert Advice🤫
We think this is how you could land Payroll Specialist in Cambridge
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Iterative Health. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Payroll Specialist in Cambridge
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Iterative Health.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Iterative Health's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Iterative Health
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Iterative Health.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Iterative Health will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Iterative Health employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
