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- Tasks: Manage financial transactions and ensure accurate monthly reconciliations.
- Company: Join Royal London, the UK's largest mutual life and pensions company.
- Benefits: Enjoy 28 days annual leave, up to 14% pension matching, and private medical insurance.
- Why this job: Be part of a diverse team making a real impact in finance operations.
- Qualifications: Accounting knowledge, experience with PAYE tax, and proficiency in Microsoft Office required.
- Other info: Hybrid working model with a supportive and inclusive workplace culture.
The predicted salary is between 36000 - 60000 £ per year.
Contract Type: Fixed Term Contract (15 months)
Location: Edinburgh
Working style: Hybrid 50% home/office based
We have a fantastic opportunity for a PAYE Accounts Control Technician to join our Control Accounts Team within Finance Operations at Royal London. The successful candidate will be responsible for the processing, control, and reconciliation of financial transactions in a cost-effective manner in line with Finance procedures and objectives. To manage workflows effectively and provide a finance-focused service to internal and external customers, ensuring that tasks are carried out on time and accurately.
About the role
- Take ownership of specific control accounts with monthly reconciliations produced for review within agreed timescales and outstanding items fully explained.
- Actively clear all outstanding items.
- Identify, chase, and obtain missing data & information; address exceptions/queries in a timely manner.
- Engage with other team members and relevant GCS/GTC areas to ensure the completion of month-end reconciliation routines.
- Ensure daily and weekly income payment routines for Income Release and books of business are carried out accurately and on time.
- Handle associated daily real-time HMRC PAYE submissions and monthly payments, including individual policy reconciliation with internal accounting records.
- Ensure submissions comply with legislative requirements and stay informed of any changes.
- Carry out fiscal year-end processes effectively, liaising with relevant parties (CGS/GTC/Mail Services/3rd Party suppliers) to meet deadlines.
- Manage incoming emails/mail effectively, setting appropriate expectations.
- Provide first-line support for all GCS/Echo PAYE taxation queries.
- Resolve complex queries/issues related to annuitants, policyholders, IFAs, or HMRC, following established processes, procedures, and legislation.
About you
- Accounting knowledge and skills developed through formal training or work experience.
- Experience with company mainframe systems such as ORYX, LAY, and Customer Service procedures.
- Knowledge of the operation of the PAYE tax regime concerning pension payments.
- Proficiency in Microsoft Office.
- Good written and verbal communication skills.
- Self-motivated with the ability to manage workloads to tight deadlines.
About Royal London
We’re the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings, and asset management products and services. We offer great workplace benefits such as 28 days of annual leave plus bank holidays, up to 14% employer matching pension scheme, and private medical insurance.
Inclusion, diversity, and belonging
We’re an inclusive employer. We celebrate and value different backgrounds and cultures at Royal London. Our diverse perspectives give us a range of skills that are recognized and respected, regardless of background.
PAYE Accounts Control Technician employer: Royal London
Contact Detail:
Royal London Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PAYE Accounts Control Technician
✨Tip Number 1
Familiarise yourself with the PAYE tax regime, especially as it relates to pension payments. Understanding the nuances of this system will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your skills with company mainframe systems like ORYX and LAY. If you have access to any training resources or online courses, take advantage of them to show that you're proactive and ready to hit the ground running.
✨Tip Number 3
Network with current or former employees of Royal London, especially those in finance roles. They can provide valuable insights into the company culture and expectations, which can be a great advantage during your application process.
✨Tip Number 4
Prepare for potential questions about managing workloads under tight deadlines. Think of specific examples from your past experiences where you've successfully handled similar situations, as this will showcase your ability to thrive in a fast-paced environment.
We think you need these skills to ace PAYE Accounts Control Technician
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant accounting knowledge and skills, particularly those related to PAYE and financial transactions. Use specific examples from your experience that demonstrate your ability to manage workflows and meet deadlines.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the PAYE Accounts Control Technician role. Mention your familiarity with company mainframe systems and your understanding of the PAYE tax regime, as these are crucial for the position.
Showcase Communication Skills: Since good written and verbal communication skills are essential, ensure your application reflects this. Use clear and concise language, and consider including examples of how you've effectively resolved queries or communicated with stakeholders in previous roles.
Highlight Relevant Experience: Detail any previous experience you have with financial reconciliation and handling HMRC submissions. Be specific about your responsibilities and achievements in past roles to demonstrate your capability for this position.
How to prepare for a job interview at Royal London
✨Understand PAYE and Tax Regulations
Make sure you have a solid grasp of the PAYE tax regime, especially as it relates to pension payments. Brush up on any recent changes in legislation that could affect your role, as this will show your commitment and knowledge during the interview.
✨Demonstrate Your Accounting Skills
Be prepared to discuss your accounting knowledge and experience. Highlight specific examples from your past work where you've successfully managed financial transactions or reconciliations, as this will showcase your suitability for the role.
✨Showcase Your Communication Skills
Since the role involves liaising with various stakeholders, practice articulating complex financial concepts in simple terms. Be ready to provide examples of how you've effectively communicated with team members or clients in previous positions.
✨Prepare for Scenario-Based Questions
Expect questions that assess how you would handle specific situations, such as resolving discrepancies or managing tight deadlines. Think of relevant scenarios from your experience and how you approached them, as this will demonstrate your problem-solving abilities.
