At a Glance
- Tasks: Manage payroll processes, ensuring accuracy and timely payments for all staff.
- Company: Join a supportive finance team in Fareham with a focus on collaboration.
- Benefits: Competitive salary, professional development opportunities, and a positive work environment.
- Other info: Opportunity to grow within a dynamic finance department.
- Why this job: Be the backbone of our payroll system and make a real difference for employees.
- Qualifications: Attention to detail and strong communication skills are essential.
The predicted salary is between 27000 - 29000 £ per year.
The Payroll Officer would be responsible for preparing the monthly payroll up to the point of final checking. This process must be both accurate and timely to meet all payroll deadlines. The role also involves triaging all payroll/timesheet queries, resolving issues independently where possible, and carrying out other finance tasks within the finance department related to daily financial transactional processing.
Responsibilities:
- Ensure monthly payroll is accurately prepared each month and liaise with HR where necessary, including attending the monthly HR/Payroll meetings.
- Ensure all staff receive the correct remuneration, taking into consideration pension liabilities and court orders.
- Ensure staff information extracted from the weekly attendance sheets is correctly reflected in staff salaries.
- Set up new starters correctly.
- Process leavers accurately and issue P45s.
- Make all statutory deductions accurately and pass them on to the appropriate agency in a timely manner.
- Pass required information to HMRC and the Pensions Trust.
- Manage initial communications with HMRC, DWP, TPT and MOJ regarding court orders for payments.
- Issue all payslips and pension letters monthly, including those for board members.
- Respond to staff and other stakeholder queries in a timely and positive manner.
- Investigate issues and anomalies and suggest solutions that align with legal and payroll frameworks.
- Supervise a member of the finance team to ensure that the weekly attendance management for monthly staff is complete and accurate.
- Supervise a member of the finance team to ensure that the weekly payroll is accurately prepared and staff are paid on time, with pension liabilities correctly reflected.
- Assist with administrative processing on the housing management rent database, including correction of user errors and checking Housing Benefit overpayment requests, write‑offs and write‑backs.
- Prepare the rent breakdown for any new sublets using the template set at the start of each financial year, and ensure new properties are set up in all appropriate databases.
- Ensure the rent payable for all sublets is correct and paid in a timely manner.
- Build relationships with internal and external stakeholders and ensure communications are clear and promote the values of the business at all times.
Payroll Officer in City of London employer: ITSS Recruitment Ltd
ITSS Recruitment Ltd is an excellent employer, offering a dynamic and collaborative work culture where creativity thrives. Located in Hertford, this digital marketing agency provides its employees with opportunities for professional growth, competitive salaries, and a hybrid working model that promotes work-life balance. Join a team that values innovation and teamwork, making it a rewarding place to develop your skills as a WordPress Developer.
StudySmarter Expert Advice🤫
We think this is how you could land Payroll Officer in City of London
✨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 ITSS Recruitment Ltd. 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 Officer in City of London
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 ITSS Recruitment Ltd.
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 ITSS Recruitment Ltd'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 ITSS Recruitment Ltd
✨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 ITSS Recruitment Ltd.
✨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 ITSS Recruitment Ltd 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 ITSS Recruitment Ltd 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.
