We are looking for a Payroll and Pension Specialist within the People function with either substantial payroll experience (including a strong understanding of relevant legislation and the regulatory regime) and / or substantial Pensions experience (ideally to have a pensions qualification and be committed to continued personal development.)
This opportunity on a 10 month fixed term contract basis will provide an efficient and professional service that complements and supports the service provided to all employees by the Nationwide payroll team; to be the expert in all changes to legislation and regulation and be able to articulate legislation updates to the team.
The successful applicant will manage the operation of the Group Personal Pension (GPP) arrangements, payment of employees’ pension cash allowances, the death-in-service and GPP Incapacity Enhancement benefits. Being responsible for the pension administration services for employees and temporary workers in accordance with best practice and statutory rules.
At Nationwide we offer hybrid working wherever possible. More rewarding relationships are supported through our hybrid approach, bringing colleagues together across our UK wide estate, whilst also supporting generous access to home working. We value our time in the office to solve problems, to learn, and to feel connected.
For this job you'll spend at least two days per week, or if part time you'll spend 40% of your working time, based at our Swindon office. If your application is successful, your hiring manager will provide further details on how this works. You can also find out more about our approach to hybrid working here.
Nationwide is committed to the redeployment of our employees impacted by change, as such applications for redeployment candidates will be prioritised in this recruitment process.
What you’ll be doing
* To have a thorough understanding of all Internal Procedures to provide stakeholders with a comprehensive knowledge of Payroll and/or Pension and related benefit requirements.
* To provide statutory details to HMRC and the Contributions Agency, as and when required, it should also be in accordance with confidentiality & data protection procedures.
* To collate and produce P11D/P45/P60/payslip data and submit to HMRC accurately and in accordance with specified legislative timelines.
* To provide guidance of Payroll and Pension legislation / policy changes to the Team and any necessary stakeholders, Including the promotion of pension messages to the membership, including by group presentation, in a clear and concise manner including providing accurate MI.
* To manage the payroll, GPP arrangements, payment of pension cash allowances, death-in-service and incapacity enhancement benefits, providing administration support for all employees, answering day to day queries and at all times ensuring compliance with Nationwide’s data protection and confidentiality policies
* Running of the Payrolls, Nationwide monthly payroll (c.18,500 employees and 8000 pensioners), and Temporary Worker weekly payroll, (c.1000), month end processing and payments to third parties, including Payroll Accounts oversight, reviewing and approving journals.
* Manage the production and completion of all the administration processes applicable to the operation of Nationwide’s GPP, death-in-service and Incapacity Enhancement arrangements, in line with Nationwide’s Pension, Healthcare and Protection Policies and agreed service levels, in an effective and cost efficient manner. Including working with the appointed insurance broker/insurers as required to process death-in-service claims, drafting Trustee Papers as required and referring to the Retained Pension Team for a Trustee decision on the beneficiaries, liaising with the appointed medical adviser when processing Incapacity Enhancement cases and referring cases to the Retained Pensions Team for a decision on eligibility for payment.
* Liaising with the Retained Pensions Team and temporary workers payroll provider, as required, to ensure the pension administration processes are compliant with the Government’s automatic enrolment and re-enrolment requirements.
* Responsibility for the pensions administration system, ensuring it is continually updated to reflect any legislation and scheme design changes, and suitable controls are in place to meet audit requirements.
* Responsibility for liaising with the Retained Pensions team to ensure Nationwide, as Trustee of the life assurance schemes, complies with all the HMRC requirements applicable to these schemes which are established as Registered Pension Schemes.
* Responsible for execution of Payroll & Reward Services Controls Frameworks, including Financial Controls Testing, Internal Audit and External Audit (Annual Report and Accounts)
About you
* Substantial payroll experience, including a strong understanding of relevant legislation and the regulatory regime OR substantial experience in following process flows and administration
* Strong interpersonal skill set and ability to influence at all levels.
* Clear thinker and communicator, both verbally and in writing you will be competent with Microsoft Office with excellent Excel skills,
* Excellent mathematical and analytical skills.
* Tact and diplomacy with strong and methodical organisational skills
* Excellent problem solving and a high level of original and innovative thinking enabling both internal and external solutions
Our customer first behaviours put customers and members at the heart of how we work together. They are the set of behaviours that every colleague needs to display, in every role:
* Feel what customers feel - We step into our customers’ shoes, using their feedback and insights to empathise with them and to understand their needs, so that every decision we make starts and finishes with our customers in mind
* Say it straight - We are brave in speaking out and saying what we think – we’re honest and direct with good intent, openly sharing diverse perspectives to reach the best conclusions and using language everyone can understand
* Push for better - We don’t settle for mediocrity, we challenge the status quo, taking responsibility for continuous improvement and personal development
* Get it done - We prioritise what will have the greatest impact, we are decisive, and we take accountability for delivering brilliant customer outcomes.
You can strengthen your application by showing how our customer first behaviours resonate with you, and where you may have already demonstrated these.
The extras you’ll get
There are all sorts of employee benefits available at Nationwide, including:
* A personal pension – if you put in 7% of your salary, we’ll top up by a further 16%
* Up to 2 days of paid volunteering a year
* Life assurance worth 8x your salary
* A great selection of additional benefits through our salary sacrifice scheme
* Wellhub – Access to a range of free and paid options for health and wellness.
* Access to an annual performance related bonus
* Access to training to help you develop and progress your career
* 25 days holiday, pro rata
Banking – but fairer, more rewarding, and for the good of society
We forge our own path at Nationwide.
As a mutual, we’re owned by our members - those customers who bank, save or have a mortgage with us. We challenge the financial sector status quo. We don’t see customers as the engine of our own profit. We share our profits with them and put their needs first. Always there when they need us. Supporting them and their lives.
If you’re inspired by fairer finances, passionate about making a meaningful impact, and truly care about our customers, you’re one of us.
At Nationwide, you are challenged to grow and rewarded for doing so. Valued. Recognised. Inspired to be your best. As a community we want our working lives to count. As a team, we celebrate what we achieve. As a standard-setter, we work for the good of customers, communities, and broader society.
We are Purpose-driven. Uncompromisingly Customer. Unstoppably Nationwide.
What to do next
If this role is for you, please click the ‘Apply Now’ button. You’ll need to attach your up to date CV and answer a few quick questions for us.
We respond to everyone, so we will be in contact shortly after the closing date to let you know the outcome of your application.
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