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Payroll Manager

Vishay Newport
Full-time
On-site
Newport, United Kingdom
Payroll Manager Jobs

Job Summary:

We are seeking a highly skilled and experienced Payroll Manager to work with the payroll coordinator to take full ownership of our payroll function. The successful candidate will be responsible for end-to-end payroll processing from gross to net, ensuring compliance with all statutory regulations. A strong understanding of basic accounting principles, excellent Excel skills, and experience with expenses and benefits administration are essential for this role.

Key Responsibilities:

  • Payroll Processing (Gross to Net):
    • Oversee the process of the company's Monthly payroll accurately and on time for all employees.
    • Ensure the calculation and process of all payroll components including salaries, wages, bonuses, overtime, and deductions e.g. tax, National Insurance, student loans, attachment of earnings are accurate and auditable.
    • Reconcile payroll data and resolve any discrepancies or queries.
    • Ensure the processes for new starters, leavers, and changes to employee records are efficiently and accurately maintained.
    • Maintain up-to-date and accurate payroll records.
  • Auto-Enrolment & Pensions:
    • Administer and manage the company's Auto-Enrolment pension scheme.
    • Process pension contributions, opt-ins, and opt-outs.
    • Liaise with pension providers and ensure timely submission of data and payments.
    • Maintain accurate records for pension compliance and auditing.
  • Basic Accounting:
    • Perform payroll reconciliations with the general ledger.
    • Process payroll journals and accruals.
    • Assist with month-end and year-end close procedures related to payroll.
    • Understand and explain payroll-related accounting entries.
  • Expenses and Benefits:
    • Administer and process employee expenses in accordance with company policy.
    • Manage and track employee benefits (e.g. Relocation, private medical insurance, Company car benefits, etc.) for payroll purposes.
    • Ensure P11D and PSA reporting is accurate and submitted on time.
    • Manage Payroll Mechanism for Taxing and Reporting of RSUs
  • Compliance & Reporting:
    • Ensure full compliance with HMRC regulations, PAYE, National Insurance, Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), etc.
    • Managing Compliance with IR35.
    • Gender Pay Gap Reporting
    • Prepare and submit all statutory payroll reports (e.g., FPS, EPS).
    • Stay up-to-date with changes in payroll legislation and ensure the company remains compliant.
    • Generate various payroll reports for management and internal stakeholders as required.
  • System Management & Data:
    • Utilise and maintain the payroll software (Civica People Hub) system effectively.
    • Ensure data integrity and confidentiality of all payroll information.
  • Stakeholder Management:
    • Work with Payroll Coordinator effectively and act as the primary point of contact for all payroll-related queries from employees and management.
    • Liaise effectively with HR, Finance, and external providers (HMRC, pension providers etc) .

Skills & Experience:

  • Proven experience (minimum 3-5] years) in a dedicated Payroll Manager or Senior Payroll Officer role, with full end-to-end payroll responsibility.
  • Demonstrable expertise in managing Auto-Enrolment pension schemes.
  • Solid understanding of all aspects of gross to net payroll calculations and deductions.
  • Strong working knowledge of basic accounting principles and payroll journal entries.
  • Advanced Excel skills are essential ( VLOOKUPs, pivot tables, complex formulas for data manipulation and analysis).
  • Experience with expenses and benefits administration and P11D/PSA reporting.
  • Up-to-date knowledge of UK payroll legislation and HMRC requirements.
  • Experience with Civica payroll software and Workday is highly desirable.
  • Excellent attention to detail and accuracy.
  • Strong analytical and problem-solving skills.
  • Ability to manage multiple priorities and meet tight deadlines.
  • Excellent communication and interpersonal skills, with the ability to explain complex payroll matters clearly.
  • High level of integrity and ability to handle confidential information discreetly.

Qualifications:

  • CIPP is advantageous but not essential

What We Offer:

  • A supportive and collaborative work environment with Opportunities for professional development together with a competitive pension scheme, Company Bonus scheme, Generous holiday allowance, Private Health care and Free parking.