Job Description:
Job Title: UK Payroll Consultant
Corporate Title: Assistant Vice President
Location: Chester
Company Overview:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
The Team:
The Europe and Middle East (EMEA) Payroll Team is responsible for the delivery of pay services across the EMEA region. Reporting to the EMEA Payroll Manager, you will be part of the team ensuring accurate pay service delivery in addition to meeting our tax and legal obligations.
You will work closely with the individual pay delivery teams, as well as the Compensation, Benefits, Talent Acquisition, Shared Services, Global Mobility and HR Leadership.
This is a challenging role that requires exceptional communication, organizational and interpersonal skills to effectively solve complex tax and pay related issues and advise key stakeholders. The ability to understand and clearly communicate issues and provide solutions is critical to success, as are flexibility, ability to multi-task, and solid time management skills to ensure multiple deadlines are met. There is a requirement to proactively identify employee and firm level issues and work to mitigate these whilst understanding the wider implications.
Responsibilities:
* Collation, data entry and processing of various payroll related transactions.
* Inputting, checking and reconciling the payroll information to achieve accurate, timely and compliant payments to employees, government agencies and third party providers.
* Ensuring that all statutory reporting deadlines are met.
* Answering payroll queries from employees and other key stakeholders i.e. HR, Finance etc.
* Updating standard operating procedure (SOP) documents as required.
* Provide back up in the team for other countries as required.
* Performs complex analytics, consulting, and process design tasks to support the successful delivery of payroll.
* Evaluates existing processes, technologies, and routines to drive process improvements.
* Implement controls to mitigate and manage compliance and operational risk.
* Partners with HR program functions on an ongoing basis to ensure processes meet design requirements.
Required Skills:
* Experience of running end to end payrolls.
* Proven track record of working in Payroll and an understanding of Payroll Finance.
* Being able to organise and prioritise the workload and manage multiple tasks / deadlines while maintaining a high standard of accuracy and level of service.
* Must be proactive in driving efficiencies and producing new ideas to improve the current processes.
* Excellent reporting and data reconciliation skills, including intermediate Excel (Pivot Table, Vlookup).
* Excellent team player with the ability to build effective team relationships and promote an environment of trust and flexibility.
* Previous experience of implementing new payroll software desirable.
* Previous banking experience desirable but not essential.
* Understanding of payroll accounting and finance.
* Previous experience or awareness of Workday Payroll not essential but desirable.
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