At a Glance
- Tasks: Process payments and manage pension payrolls with precision and efficiency.
- Company: Join a dynamic pension administration team focused on accuracy and detail.
- Benefits: Gain valuable experience in finance, with opportunities for growth and development.
- Other info: Perfect for those looking to kickstart their career in finance.
- Why this job: Make a real impact by ensuring financial transactions are processed accurately.
- Qualifications: Strong administrative skills and attention to detail are essential.
The predicted salary is between 25000 - 30000 £ per year.
About the Company
An excellent opportunity for an organised and detail-oriented administrator to join our pension administration team. The role is suited to someone with strong administrative and numerical skills, excellent attention to detail, and the ability to process financial transactions accurately and efficiently.
About the Role
The successful candidate will be responsible for processing scheme payments, administering pension payrolls, maintaining accurate records, and supporting the efficient operation of the department.
Responsibilities
- Payment Processing:
- Process SSAS and SIPP payments accurately and within agreed service standards
- Review payment requests to ensure appropriate authority and supporting documentation has been received
- Verify bank account details in accordance with internal procedures
- Maintain accurate records of all payment transactions
- Liaise with administrators regarding outstanding information required to process payments
- Monitor payment workflows and ensure transactions are completed within required timescales
- Investigate and resolve payment-related queries and discrepancies
- Assist with payment reconciliations as required
- Ensure all payments are processed in accordance with internal controls and procedures
- Pension Payroll Administration:
- Establish pension payroll records for new pensioners
- Process pension payrolls accurately and within agreed deadlines
- Process payroll amendments, including changes to pension amounts, tax codes, and bank details
- Maintain accurate payroll records and supporting documentation
- Generate payroll reports and maintain payroll schedules
- Assist with payroll reconciliations and reporting
- Ensure payroll activities comply with HMRC requirements and internal procedures
- Maintain accurate records of pension payroll calculations and payments
- General Responsibilities:
- Ensure all work adheres to HMRC requirements and internal compliance standards
- Maintain accurate records, filing systems, and audit trails
- Respond to telephone, email, and written enquiries professionally and promptly
- Identify and escalate risks, errors, or unusual transactions
- Support operational initiatives within the department
- Complete general correspondence and administrative tasks as required
- Any other duties as directed by management
Qualifications
- Previous experience in an administration, payroll, finance, banking, or financial services role
Required Skills
- Excellent organisation and time-management skills
- Strong numerical skills and attention to detail
- Ability to manage multiple tasks and meet strict deadlines
- Ability to follow procedures and maintain accurate records
- Proficient in Microsoft Office, particularly Excel
- Experience of processing payments and/or payrolls
- Experience using Sage Payroll or a similar payroll system would be advantageous
- Experience within financial services would be beneficial but not essential
Preferred Skills
- Highly organised and methodical
- Strong attention to detail and accuracy
- Reliable and dependable
- Able to work independently and as part of a team
- Professional and client-focused approach
- Comfortable working in a process-driven environment
- Positive attitude and willingness to learn
- Committed to maintaining high standards of quality and service
Payments & Payroll Administrator in London employer: Nigel Sloam & Co
Join a dynamic pension administration team that values organisation, attention to detail, and professional growth. As a Payments & Payroll Administrator, you'll benefit from a supportive work culture that prioritises accuracy and efficiency, while also offering opportunities for skill development in the financial services sector. Located in a vibrant area, our company fosters a collaborative environment where your contributions are recognised and rewarded.
StudySmarter Expert Advice🤫
We think this is how you could land Payments & Payroll Administrator in 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 Nigel Sloam & Co. 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 Payments & Payroll Administrator in 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 Nigel Sloam & Co.
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 Nigel Sloam & Co'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 Nigel Sloam & Co
✨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 Nigel Sloam & Co.
✨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 Nigel Sloam & Co 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 Nigel Sloam & Co 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.
