Compensation and Benefits Analyst

A global Japanese trading company is seeking an experienced Compensation and Benefits Analyst to join its London office.
Reporting to the C&B Lead, you would be responsible for providing full remit of compensation and benefits advice, and co-ordination and its elected subsidiary companies, (including related taxation, National Insurance issues, year-end- procedures, salary budget, department budget, bonus calculation and pension) to ensure a seamless function is maintained always.
The ideal candidate should have strong analytical skills, attention to detail, proficiency in payroll systems, and excellent communication abilities - from a background of managing monthly payrolls.

Ref: CC46779

TYPE: Permanent, full-time
WORKING HOURS: 9:00-17:00 from Monday to Friday
SALARY: £43k-£46.5k, depending on experience
START: Applications will be processed from the start of September
LOCATION: London, (Hybrid - 3 days in the office, 2 days working from home)

Compensation and Benefits Analyst Main Responsibilities:
To provide a service in connection with payroll/tax, benefits, monthly reporting and project work
Manage payroll processes and related month end activities in SAP
Assist employees with compensation and benefit queries
Collate and upload monthly contributions to Scottish Widows. Issue SAP payments, recharge subsidiary and deal with related queries
Prepare provision of bonus for Accounting Department
Reconcile year end PAYE and NI for the UK payrolls. Calculate NIC.5 due on benefits in kind, issue P11D (b)'s for 6 July deadline and issue payments to HMRC
Collate expenses for the PSA, taxable relocation and issue calculation/payment to HMRC
Complete annual compensation and benefit surveys
Prepare salary budget and department budget. Analyse and track monthly budget progress
Provide Global Mobility team with monthly headcount report by cost centre
Establish service agreements with subsidiary companies

Compensation and Benefits Analyst Ideal Candidate:
Deep understanding of payroll - to understand what a tax code means, why it has changed, what maternity/paternity pay is, and understands how an employee's pension works
Understanding of company budgeting, for monitoring budget vs actuals for the department
Highly numerate with a high level of attention to detail
Excellent analytical and communication skills
Strong proficiency in Microsoft Word and Excel, including pivot tables
Experience in payroll processes and management of confidential data
Understanding of UK tax laws and regulations
Experience working with a payroll software, ideally Moorepay
Budget preparation and analysis
Business level fluency in English

All applicants for the Compensation and Benefits Analyst must have the right to work in the country as the Company is not able to offer visa support.
We regret that we cannot accept applications from Working holiday visa, Graduate or Student visa holders.