Duration: 12 month Fixed term contract.
Location: Potters Bar (EN6)
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 Summary:
This role is responsible for accurately delivering the payroll services for the UK and Isle of Man (IOM) businesses and continuously reviewing processes to improve services for our colleagues. This includes maintaining the governance controls for this business-critical People Strategy service and reporting all risks to the People Governance Partner and Compliance Team.
This role requires the processing of both monthly and quarterly payrolls including a monthly staff payroll of 1400+ employees, a quarterly Directors payroll, a monthly Modified payroll and two outsourced payrolls.
The job holder represents our UK and Isle of Man businesses acting as SME with our external developers to process improve system functionality and regulatory changes by testing and approving new changes into our live environment.
The job holder is responsible for providing data template reporting to the Canada Life UK Finance Department using monthly payroll breakdowns and reconciliations to ensure monthly payroll costs are proportioned appropriately ensuring appropriate level sign off.
The role requires the individual to work at a very fast pace resolving unanticipated payroll changes for the business, providing excellent customer service to stakeholders, ensuring the payrolls are executed in a timely manner and to a high standard. This role will report directly into the Head of People Services.
What you will be doing:
1. Primary responsibility is for the accurate and timely delivery of all UK & IOM payrolls, conducting payroll transactions in an efficient and timely manner to meet deadlines.
2. You will ensure a successful monthly and quarterly payroll output by overseeing input into the SuccessFactors payroll system to ensure changes to colleague records are accurately reflected in their pay.
3. Managing a team of two payroll specialists, plan and organise the team's time and priorities for that day and week.
4. You will oversee delivery of all regulatory requirements, including timely and accurate reporting to HMRC.
5. You will be responsible for processing and making payment of the monthly BACs to ensure the funds meet the bank in time for pay day.
6. You will close off the current tax year within the system, working alongside 3rd parties for any year-end adjustments which need to be reported to HMRC.
7. You will proactively identify both system and business process improvements and approve system testing and changes into the live environment.
8. You will be responsible for following risk management processes in line with Canada Life policy.
Your Experience:
* Experience of managing a UK payroll, including managing staff
* Knowledge of SAP SuccessFactors an advantage
* Experience of oversight and checking payroll processes
* Ideally experience of running a director's payroll
* Ideally experience of running a Modified payroll in the UK
* Sound understanding of tax codes and how they are calculated
* Sound understanding of HMRC Payroll Guidelines
* Confident using Excel
* Ideally a CIPP qualification
* Highly organised and effective time management
* Ability to communicate with all levels of internal and external stakeholders
* Confident in making informed and risk-based decisions
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.
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.
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