Payroll Assistant in London

Payroll Assistant in London

London Full-Time 30000 - 40000 £ / year (est.) No working from home possible
Thought Machine

At a Glance

  • Tasks: Support global payroll processes and ensure compliance across multiple countries.
  • Company: Join a rapidly growing fintech known for its innovative culture and high employee satisfaction.
  • Benefits: Enjoy competitive salary, flexible hours, generous leave, and access to learning resources.
  • Other info: Be part of a diverse team that values learning and offers excellent career growth opportunities.
  • Why this job: Make a real impact in a fast-paced environment while developing your payroll expertise.
  • Qualifications: Experience in payroll processing and strong attention to detail are essential.

The predicted salary is between 30000 - 40000 £ per year.

Thought Machine's mission is bold – to properly and permanently rid the world's banks of legacy technology. To achieve this, we have developed the foundations of modern banking through core and payments technology which run natively in the cloud. We have grown rapidly in the past few years – growing our team to more than 550 individuals across offices in London, New York, Singapore, Sydney and our newly established Engineering Hub in Lisbon. We have raised more than £500m in funding and our investors include Molten Ventures, Eurazeo, Intesa Sanpaolo, Temasek, Nyca Partners, JPMorgan Chase Strategic Investments, Standard Chartered Ventures, and more.

We have created a culture that enables our team to produce the best work in the industry while ensuring we have fun along the way. We're regularly cited as having a fantastic workplace culture and have been recognised by Sifted magazine as having one of the highest Glassdoor ratings for a UK fintech company and the industry's most generous employee share package. Named one of the world's most innovative fintechs by Global Finance Magazine, we were also recognised by the Financial Times as one of Europe's fastest-growing companies for two consecutive years—and a UK Best Employer for 2026.

Reporting to the Payroll Lead, the Payroll Assistant will support the company’s payroll affairs globally, covering the UK, APAC, EMEA and North/South America entities. This newly created role will work with finance and non-finance teams with support from external payroll advisors to drive the highest standards of payroll. This role will play an integral part in scaling the payroll processes and procedures of a fast-growing business. This is an opportunity to make an impact as a payroll professional who thrives on delivering on projects and being responsible for providing best-in-class payroll process, reporting and compliance through the group companies.

DUTIES

  • Support global payroll process and controls with support from external payroll providers
  • Timely execution of payroll deliverables, payments and statutory reporting for all seven countries while ensuring compliance with local payroll legislation in different countries
  • Engaged in payroll implementations in the future and leading any process optimisation as necessary in partnership with HR
  • Work with the accounting team to ensure that payroll related spend is accounted for correctly and timely
  • Support or lead ad hoc projects as the team and business expands internationally
  • Responding to payroll related queries and supporting user accounts, resetting passwords
  • Ensuring benefits are aligned with employees and providers and no leakage
  • Adhering to strict timelines for cut off and payroll scheduling
  • General administration of portals, user accounts, resetting passwords

Requirements

Essential:

  • Experience in payroll processing across various countries
  • Attention to detail and accuracy key
  • Strong time management and organisational skills
  • Strong excel skills required
  • Good understanding of controls and payroll best practices
  • Proactive and providing solutions to challenges that come up
  • Excellent communication skills with the ability to articulate payroll matters to HR, Finance and Employees

Desirable:

  • Proven experience working within a group environment
  • Industry experience (fast-growing technology company is a plus)
  • Payroll systems implementation is a plus
  • Workday system experience for HR or Finance would help

Benefits

  • Highly competitive salary and commission
  • Pension plan (match up to 5%)
  • Life insurance - three times annual salary
  • Competitive maternity (six months fully paid) and paternity leave (four weeks fully paid)
  • Shared parental leave (matched to our maternity leave for the same point in time)
  • 25 days holiday and bank holidays
  • Flexible working hours
  • Cycle-to-work scheme
  • Electric car scheme
  • Season ticket loan
  • Access to outstanding learning materials and courses
  • Sports and hobby clubs, subsidised by Thought Machine
  • All the latest tech you need
  • Start the day properly with fresh fruit and cereals
  • Huge range of healthy (and not-so-healthy) snacks, smoothies and drinks
  • A talented and experienced team as your colleagues
  • An environment where we encourage learning and progress
  • Two charity days a year
  • Weekly food pop-up

We actively hire candidates who demonstrate technical excellence in their field and welcome people of all ages and backgrounds, providing everyone with equal access to professional development. You are encouraged to apply even if your experience doesn't accurately match the job description. We also encourage applications from those with different abilities, including candidates with ADHD, autism, dyslexia or dyspraxia.

Payroll Assistant in London employer: Thought Machine

Thought Machine is an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration. With a focus on employee growth, the company provides ample opportunities for professional development while ensuring a healthy work-life balance through flexible working hours and comprehensive benefits. Located in the UK, Thought Machine stands out for its commitment to empowering engineers to work closely with clients, making a tangible impact in the cloud technology space.

Thought Machine

Contact Details:

Thought Machine Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Payroll Assistant 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 Thought Machine. 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 Assistant in London

Payroll Processing
Attention to Detail
Time Management
Organisational Skills
Excel Skills
Understanding of Payroll Controls
Problem-Solving Skills

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 Thought Machine.

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 Thought Machine'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 Thought Machine

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 Thought Machine.

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 Thought Machine 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 Thought Machine 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.