Description:
Duration: 12 months Fixed term contract.
Location: Hertfordshire
Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation.
Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues.
Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers.
Job Purpose:
This role is responsible for processing all activities required to successfully run the Canada Life payrolls (including monthly UK payroll, governance checking of the monthly IOM outsourced payroll, UK modified payroll and quarterly Director’s payroll).
The role covers processing of Monthly and Quarterly payrolls for c.1500 employees, administered and run in the Employee Central Payroll (SAP Success Factors). It is responsible for reconciling all accounts, making third party payments, calculating and inputting manual adjustments and ensuring employee changes (starters, leavers, changes) are reflected in the HRIS and correctly reflected in the payroll output.
The role gives the opportunity to work alongside and learn from an experienced and technical Payroll Lead
What will you be doing:
1. Process all information needed to ensure a successful monthly and quarterly payroll output by making changes in the payroll system to ensure permanent and temporary changes, starters and leavers and third-party schemes (such as shares, pension deductions, spouse insurance, sports and social club deductions, car allowances) are accurately reflected in payroll outcomes in line with the payroll processing calenda
2. Calculate for each payroll cycle any manual adjustments required such as part-month deductions and pro-rated amounts for employees through utilisation of the 260-calculation rule, checking where necessary any calculation process through the HMRC website to ensure accurate and consistent employees pay at all times.
3. Successfully collate and process all sickness and overtime information monthly.
4. Confidently check the monthly payroll outcomes highlighting any errors made through input and advising on how to correct these errors before the payments are made to employees to avoid payroll errors and incorrect reporting to HMRC.
In addition, understand the correct procedures of reporting risks in line with our internal risk management procedures.
5. Run and check payroll reports to ensure timely reporting to HMRC through reports such as the Employer Payroll Summary (EPS) and Full Payment Submission (FPS) to ensure payroll calculations balance and are in line with HMRC guidelines and processing third part payments such as a monthly Revenue payment back to the HMRC at the end of the payroll process.
6. Processing and making payment of the monthly BACs to ensure the funds meet the bank in time for pay day, processing the General Ledger and reconciling accounts through monthly manual journals to ensure all payments and deductions are made from the correct accounts/cost centres.
7. Processing system changes and employee changes for tax year End, ensuring all statutory payments have been increased in line with HMRC guidelines and closing off the current tax year producing and publishing all employee’s end of year P60s for review
What Experience is required:
Technical Expertise
• Experience of working in a payroll environment and ideally a CIPP qualification.
• Experience of using SAP SuccessFactors preferred but not essential.
• Good understanding of tax codes and how they are calculated including P45’s, P46’s, PIID’s and P60’s
• Good understanding of HMRC Payroll Guidelines
Communication
• Able to clearly explain sometimes complex and technical matters to colleagues
Relationship Building
• Able to work as part of a team to deliver to deadlines
• Maintain positive working relationships with third parties to enable payrolls to run successfully
Taking Initiative
• Can do attitude towards problem solving
• Able to clearly define problems and propose solutions
Developing Self and Others
• Fosters and learning culture for self and team, with a desire to keep on top of changes affecting the role, including legislation and new technology
Qualifications:
• Minimum payroll qualification requirements – CIPP (certificate in payroll practice)
• Demonstrable and practical understanding of payroll systems
Benefits of working at Canada Life
We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.
How we work at Canada Life
Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward.
We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.
Diversity and inclusion
Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we’re making in DEI, and we continue for it to be a significant focus.
“At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all.” Nick Harding, Chief People Officer, Canada Life UK
We appreciate that everyone has different work and life responsibilities. We’re happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.