Payroll Administrator at Bank of England, Northampton, East Midlands

Company Overview:
Bank of England, established in 1694, is the central bank of the United Kingdom and the model on which most modern central banks have been based. With a rich history and a pivotal role in the UK's financial system, Bank of England is renowned for its stability, expertise, and commitment to maintaining monetary and financial stability.

Key Responsibilities for Payroll Administrator:
- Process monthly payroll accurately and timely for employees in accordance with relevant regulations and internal policies.
- Calculate overtime, bonuses, allowances, and deductions ensuring compliance with statutory requirements.
- Prepare payroll reports, including tax and pension contributions, and submit to HMRC and pension providers.
- Address payroll-related queries from employees, managers, and external stakeholders promptly and professionally.
- Maintain accurate payroll records and ensure data confidentiality and security at all times.
- Collaborate with HR and Finance teams to resolve payroll discrepancies and improve payroll processes.
- Stay updated on changes in payroll legislation and regulations to ensure compliance and best practices.

Required Qualifications:
- Proven experience as a payroll administrator or in a similar role within the banking or financial services sector.
- In-depth knowledge of payroll processes, regulations, and compliance requirements in the UK.
- Proficiency in using payroll software and Microsoft Excel for data analysis and reporting.
- Strong attention to detail, accuracy, and confidentiality in handling sensitive payroll information.
- Excellent communication skills to interact effectively with internal and external stakeholders.
- A relevant qualification in payroll, accounting, or finance would be advantageous.

Desired Skills:
- Experience working with payroll systems such as ADP, SAP, or Oracle.
- Certification from the Chartered Institute of Payroll Professionals (CIPP) or equivalent.
- Ability to multitask, prioritise workload, and meet deadlines in a fast-paced environment.
- Analytical skills to identify and resolve payroll discrepancies efficiently.
- Knowledge of pension schemes and auto-enrolment requirements.

Compensation & Benefits:
The annual salary for the Payroll Administrator position at Bank of England in Northampton, East Midlands, United Kingdom is in the range of £25,000 to £30,000, depending on experience and qualifications. In addition to competitive pay, we offer a comprehensive benefits package, including pension contributions, healthcare, life insurance, and opportunities for professional development and career advancement.

How to Apply:
To apply for the Payroll Administrator position at Bank of England, please submit your CV and a cover letter highlighting your relevant experience and qualifications via our careers portal on the Bank of England website. We look forward to receiving your application and potentially welcoming you to our dedicated team in Northampton.