At a Glance
- Tasks: Manage payroll operations and ensure timely payments for employees.
- Company: Join Aegon, a leading investment platform focused on financial wellbeing.
- Benefits: Competitive salary, generous pension contributions, 34 days leave, and lifestyle perks.
- Other info: Be part of a diverse team with excellent career growth opportunities.
- Why this job: Make a real impact in a fast-paced environment while helping others live their best lives.
- Qualifications: Experience in payroll, strong knowledge of UK legislation, and advanced Excel skills.
The predicted salary is between 30880 - 46320 £ per year.
A Payroll Specialist is required for a 12 Month Fixed Term Contract in Edinburgh. The role involves taking ownership of day-to-day payroll operations and benefits administration, ensuring accurate and timely payments for employees.
The key responsibilities include:
- Delivering the full UK payroll and benefits cycle, including processing new hires, leavers, and changes.
- Managing PAYE reporting to HMRC and maintaining compliance with SOX controls.
- Handling statutory payments such as SSP, SMP, ShPP, and SAP, and performing complex manual calculations when required.
- Completing cyclical processes such as P11D, PSA, annual pay review, bonus cycles, and tax year-end activities.
- Acting as a payroll expert on HR projects, including benefit changes, restructures, and TUPE.
We’re looking for candidates with:
- Previous experience in a high-volume payroll and benefits environment within a fast-paced financial services organisation.
- Expert knowledge of UK payroll legislation, PAYE, NI, pensions, and data protection.
- Strong experience with HMRC statutory reporting (RTI, P11D, tax year-end).
- Advanced Excel skills and a highly numerate, detail-oriented approach.
- Experience handling complex manual payroll calculations, such as redundancy payments and sickness adjustments.
- A customer-focused attitude with a collaborative approach to working across teams.
Benefits include:
- A competitive salary from £30,880 - £46,320 depending on experience.
- An enhanced pension scheme with contributions matched up to a total of 20% of your salary.
- A discretionary bonus based on personal and company performance.
- 34 days leave per year (including bank holidays, pro-rated for part-time).
- Private medical cover, life assurance, critical illness cover, enhanced parental leave, and various lifestyle benefits.
We are an equal opportunities employer and welcome applications from all suitably qualified persons regardless of their age, disability, race, religion/belief, gender, sexual orientation or gender identity.
Payroll Specialist employer: Transamerica Corporation
Aegon is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive salary and a comprehensive benefits package including an enhanced pension scheme and generous leave. Our collaborative work culture in Edinburgh fosters diversity and inclusion, ensuring that every team member's contributions are valued and impactful. With ongoing training and support from our experienced Payroll & Benefits team, you'll have the opportunity to thrive in a dynamic environment while making a meaningful difference in the lives of others.
StudySmarter Expert Advice🤫
We think this is how you could land Payroll Specialist
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Transamerica Corporation.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Transamerica Corporation might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Payroll Specialist
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Transamerica Corporation will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Transamerica Corporation. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Transamerica Corporation confidence in your short-term commitment to the role.
How to prepare for a job interview at Transamerica Corporation
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Transamerica Corporation.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Transamerica Corporation that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
