Compensations & Benefits Manager

Job Description

My client, an International company with offices in Central London are seeking a Compensations & Benefits Manager to work in a team of 5, responsible for payroll and compensations and benefits.DUTIES AND RESPONSIBILITIESPayroll

• Oversee the provision of a professional, accurate and timely service. Manage relationship with HR system providers (Ceridian & Cintra), oversee the payroll system and request enhancements where necessary
• Set up and manage BACS payments systems.
• Advise management and Group companies on all employment tax issues - pay, terminations, benefits, expenses, company cars, employment status, etc.,
• Manage the pay, benefits and HMRC implications of UK national staff seconded overseas and liaise with internal stakeholders for relevant advice on relocation packages.
• Manage Government Gateway PAYE tax accounts.
• Maintain relationship with Her Majestys Revenue and Customs ("HMRC"), represent on SAO project team
• Advise the HR team on all pay, income tax and national insurance matters related to staffing and contract workers, including the requirements of statutory payments schemes, including maternity pay, adoption pay and sick pay.
• Liaise with external professionals for specialist advice (eg. Tax matters, Employment lawyers) as and when required.
• Check monthly payroll figures and commit payment to BACS.

Compensation & Benefits

• Manage annual salary review and bonus processes providing advice and support to senior management and the HR team on salary structures/market rates
• Develop/maintain grading/salary structure allowing clearer guidance for management in relation to position/promotion and control of costs, whilst attracting and retaining staff
• Research and analyse salary rates and benefits offered by other employers in similar sectors and participate in salary surveys (currently City Pay Associates)
• Undertake equal pay comparisons to ensure pay differences within the organization are fair and can be objectively justified.
• Manage annual benefit renewal process - review the benefit providers, benefit costs/market reviews and make recommendations to management for changes. Oversee the design, development and maintenance of the Flexible Benefits scheme.
• Manage Life Assurance scheme (Trust Deeds, Bank Account and processes) and oversee annual policy renewal Manage relationship with pension scheme providers. Arrange and review governance reports. Manage TPR Gateway and ensure all auto enrolment registrations/certificatesare complete.
• Arrange and manage Master Trust Life Insurance Scheme for Group Companies
• Design, review and update of Employee Pay & Benefits Guide
• Work with H&S and HR teams to promote/add to wellbeing benefits being provided

Compliance

• Ensure robust audit processes, procedures and controls are in place.
• Ensure HMRC compliance in relation to the treatment of all pay, benefits, business trip and expenses matters as well as status issues and completion of all employment tax returns.
• Work with internal ITS/ACC staff on business trip expense systems, payments and reporting requirements.
• Participate in reviews and updates of the Employee Handbook
• Ensure all payroll/benefit information is maintained, stored and processed according to current Data Protection legislation, HMRC and internal requirements
• Highlight any areas/processes that could be a risk.

Accounts

• Monitor and advise/communicate budget plans or implications for area of responsibility, assisting with annual budget where required.
• Oversee completion of employee profit plan cost data for annual budget purposes
• Manage "Sports & Social" budget (circa £96,000 per annum)
• Complete Directors Annual Returns
• Oversee payroll/loans control accounts in nominal ledger

General

• Liaise with and advise Senior Management up to Board Level on salary, bonus, pensions/life insurance and other benefits to support business operations and strategic goals
• Draft and maintain Service Level agreements for group companies receiving HR and Payroll support services
• Partner with HR team members to deliver a professional and cohesive people support service
• Maintain professional knowledge /skills on payroll/employment tax issues, employment law and pensions - highlighting/incorporating future changes affecting/of interest.
• Companies and making suitable recommendations for compliance, as may be applicable
• This role has responsibility for one direct report

REQUIRED SKILLS AND QUALIFICATIONSEssential

• Demonstrable experience in Payroll and Compensation and Benefits management.
• MCIPP qualified (or equivalent)
• In depth knowledge and understanding of HMRC tax regulations and Compensation and Benefits legislation
• Professional written and verbal English language skills
• Strong interpersonal skills with the ability to engage and influence HR and business leaders
• Ability to work with sensitive data and maintain trust and confidentiality
• Intermediate IT skills in Word, PowerPoint and Excel (v look ups, macros)
• Strong attention to detail and excellent problem-solving skills
• Knowledge of benefit schemes and experience of negotiating terms for current/new schemes
• Experience of working with salary survey data providers
• Understanding of compensation and benefits legislation and compliance issues
• Experience of job evaluations including internal and external market compensation analysis to provide appropriate salary recommendations for new and existing positions as required
• Experience of year end payroll processes to include P60s and HMRC tax reporting
• Experience of auto enrolment and administering company pension schemes.
• Strong organisation and time management skills
• Maintains work performance and professional behaviours during times of work pressure
• Able to deal with conflicting opinions constructively
• People management experience

Keyskills :
CompensationEmployee BenefitsPayrollTaxCIPP