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Payroll Officer

Handelsbanken Plc
London, United Kingdom
Closing date
Mar 10, 2024

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Introduction

Main Responsibilities
The Payroll & Employee Tax Officer supports all payroll activities for the Bank across the UK and liaises with the District HR, Functional HR and HR Support teams. They are the Employee Tax expert in the team providing support to the Payroll Manager on all tax related matters, including expat tax, and liaising with HMRC and other stakeholders.
  • Act as the subject matter expert in the Payroll team on all employee/expatriate tax related matters, working with the Bank's Employee Tax Expert to ensure knowledge sharing and upskilling of the wider Payroll team with regard to employee tax considerations.
  • Responsible for reconciling all employee tax payments due and working closely with the Employee Tax expert in Finance to ensure the correct treatment has been applied.
  • Support the Payroll Manager in filing all tax returns including P111Ds, PSA, Form 42 and all other HMRC filings and payments due, ensuring these are accurate and reported/filed/paid on time.
  • Liasing with the Bank's external tax advisers regarding tax advice and returns for all expatriats, ensuring that the expatriates receive a clear timeline of reporting and payments due.
  • Assists in payroll activities such as reconciling, inputting, compiling payroll statistics, maintaining payroll control records and calculating payrolls.
  • Assists with queries arising from internal and external stakeholders and investigates any relevant issues and responds to employee queries.
  • Partners with Benefits Team in order to ensure benefits are set up and processed correctly via payroll.
  • Assist with setting up and maintaining Management Information reports and split costing and recharges on a monthly basis.
  • Operate in line with the Bank's Risk Management framework (including sub-frameworks) and relevant risk and compliance policies and procedures, ensuring appropriate and timely escalation of any concerns to their line manager.
Ideal Candidate

Research (by Harvard University) shows that women are particularly likely to second guess themselves and not apply - so if you are worried you don't meet all the criteria, get in touch anyhow and let us do the worrying...
  • Extensive experience of UK payroll
  • Certified Payroll Professional (CIPP) (either full or part qualified) - desirable
  • Strong working knowledge of employment tax
  • Good working knowledge of Expatriates (preferably) experience of modified payroll arrangements
  • Communication
    • Ability to read and comprehend instructions, correspondence from HMRC and internal emails/memos.
    • Ability to draft complex correspondence.
    • Ability to effectively present information in one-to -one and in small group situations to colleagues and employees.
    • Ability to support colleagues and employees understanding of complex issues.
  • Reasoning Ability
    • Ability to apply common sense and a thorough understanding of HMRC and other statutory regulations/laws as they apply to payroll processing.
    • Ability to calculate discounts, interest, commissions, proportions and percentages
    • Ability to perform and explain gross-up calculations
    • Ability to interpret and carry out complicated written and oral instructions.
    • Ability to deal with complex problems by negotiating and liaising with colleagues across the Bank (including wider HR Teams)
  • Computer Skills
    • Advanced level ability to use word processing, spreadsheet, email, accounting and Employee Information System software with a strong emphasis on spreadsheets
    • Experience of working with iTrent is preferable
Company Information

Handelsbanken is a relationship bank with a decentralised way of working, a strong local presence thanks to a nationwide network of branches, and a long-term approach to customer relations. Each Handelsbanken branch operates as a local business enabling it to make decisions at a local level and provide a bespoke service. The focus is always on the need of the individual customer and not on the sale of specific products.

The Bank is deeply committed to embedding good equality and diversity practice into all of our activities. This is so that we are an inclusive, welcoming and inspiring place to work that encourages everyone to apply, regardless of socio-economic background, age, disability, pregnancy and/or parental status, race (including colour, nationality, and ethnic or national origin), veteran status, marital and civil partnership status, religion or belief, sex, gender reassignment or sexual orientation.

Check our Handelsbanken website for further information

At Handelsbanken, we deeply value our unique culture and values including trust in and respect for each individual. We take pride in nurturing a work environment where people flourish, and where they are empowered to take decisions in their areas of expertise. We take a long term perspective in everything we do and want each employee who joins us to build a long terms successful career with the Bank.

What is in it for you?
  • We have a wide range of learning and development available, empowering and enabling our colleagues to take ownership of their own development.
  • Competitive Salary and an extensive range of benefits is provided, including private medical insurance, income protection and life assurance
  • A market-leading pension contribution of 15% paid by the bank, which can be invested in a wide range of funds (including ESG and Shariah funds)
Application next steps

Your journey with us begins once you have submitted your application. One of our Handelsbanken recruiters will be reviewing your details and will later organise a phone conversation if you match the role requirements. If there is a mutual fit, we will extend an invitation for you to participate in an interview.

There will be a two -stage interview process with a mix of virtual and face-to-face.

How can we support you to be your best self? Our Talent Acquisition team will be happy to provide support e.g. if you need additional time to prepare for an interview or you have any requirements for any part of the interview/hiring process - just let us know by email .

This advert will be live for a minimum of two weeks. However, please note that after the two weeks, the closing date could change at any time depending on the number of responses received.


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