Payroll and Benefits Analyst

Permanent contract|London|Human Resources

Payroll and Benefits Analyst

London, United Kingdom Permanent contract Human Resources

Responsibilities

Description of the Business Line or Department

The Human Resources department is responsible for:

  • Developing Societe Generale’s attractiveness as a responsible employer notably in terms of career opportunities, people development, compensation, diversity and working environment;
  • Addressing the larger challenges of Societe Generale notably in terms of managerial culture, performance management and people engagement;
  • Contributing to GBIS competitiveness by maintaining critical staffing levels and talented profiles;

Supporting Societe Generale strategy and transformation by accompanying the teams and working on their employability.

Summary of the key purposes of the role

Supporting the Payroll, Pensions & Benefits Manager, the Head of Benefits, International Mobility, & Employment Tax (UK & EMEA),  the Pensions Director and the Pensions & Benefits Associate to provide day to day management of payroll, pensions and benefits including communication with employees, providers, payroll and HR colleagues in both UK and EMEA.

Support the Head of Benefits, International Mobility, & Employment Tax (UK & EMEA) and International Mobility & Employment Tax Specialist with providing day to day management of share schemes to both the UK entities and EMEA.

Summary of responsibilities

Payroll

  • Assist with the day to day management of the end to end monthly payroll process and be a point of contact for the payroll provider
  • Responsible for accurate and timely provision and submission of all monthly and annual data changes to the payroll provider specifically via HR software interfaces
  • Review and reconcile the monthly payroll reports, performing payroll calculations and accurate checks of pay records where applicable, and reconciliation of BACS
  • Support the Bangalore team with any queries relating to the monthly payroll, yearend process, manual payment process and file uploads
  • Reconciliation of the payroll invoicing to other entities and the costing files
  • Maintain effective working relationships with HR colleagues, finance and employees and other Société Générale entities for all payroll related issues
  • Manage the Payroll mailbox and provide advice to employees on complex cases
  • Maintain the Payroll section on the HR portal
  • Collate data for the office of National Statistics ready for submission
  • Support the Head of Benefits, International Mobility, & Employment Tax (UK & EMEA) during compensation review and year end reporting projects including the PAYE Settlement Agreement
  • Assist with any payroll audits that are conducted and provide relevant supporting documents
  • Maintain and document the standard operating procedures for all payroll processes and procedures
  • Continue to review and make payroll process improvements to ensure payroll accuracy as well as assisting with the off shoring of activities
  • Ensure compliance with regulatory and statutory requirements and keep up to date with changes in legislation affecting the payroll as well as HMRC rules
  • Educate the HR team on the essentials of running a payroll so that they can adhere to payroll processes and deadlines

Pensions & Benefits & Shares

  • Support in the day to day administration of the SG Retirement Savings Plan and the SG flexible benefits scheme
  • Assist in annual exercises including but not limited to: Flexible benefits cycle, Bonus Sacrfice, Partial Pension Scheme Opt-Outs, Lifetime Pension Scheme Opt-Outs and other annual pension related projects
  • Work with the outsourced Pensions Administrator to streamline processes and ensure correct pension contribution deductions from payroll
  • Provide guidance to employees and the wider HR team on both pensions and benefits and maintain benefit information ensuring communication material is up to date and relevant
  • Liaise with  SG stakeholders, UK and French employees and also external auditors, lawyers, brokers and financial advisers etc. (dealing with queries, organising employee communications, resolving any data and invoicing problems)
  • Manage the dedicated pensions & benefits and share scheme mailboxes
  • Provide support for the provision of total reward statements to UK employees
  • Participate in ‘ad hoc’ projects relating to Compensation and Benefits projects
  • Assist in the administration of our Long Term Investment Scheme and our UK Share Incentive Plan within the UK and EMEA

EMEA Shares

  • Co-ordination of day to day management of our Long Term Investment Scheme within the UK and EMEA
  • Co-ordination and management for the UK Share Incentive Plan
  • Co-ordination and management for the Global Employee Share Plan for UK and EMEA
  • Co-ordination and analysis for expatriates of the French profit sharing plan

Level of Autonomy and Authority

The role will need to engage with the following internal and external stakeholders:

  • HR teams in London, Paris and other locations
  • Contact with SG employees and managers
  • Contact with outsourced suppliers

Profile required

Competencies

  • Ability to work under pressure – professional and confident approach as the job holder will be working in a pressurised environment with multiple tasks likely to be ongoing at any given time
  • Highly organised individual with ability to prioritise different tasks effectively and plan for deadlines.  Has resilience to overcome challenges and set-backs
  • Confident, good presentation with excellent written and verbal communication skills.  Ability to communicate/convey complex topics in a clear/concise manner
  • Adaptable and creative in their approach
  • A positive attitude and willingness to go beyond standard expectations when required
  • Self-starter who is able to use their own initiative to proactively improve processes and raise issues that need addressing
  • Meticulous in ensuring their work is accurate and to a high standard, has attention to detail
  • Teamwork – a team player who is prepared to contribute in all aspects of HR work. Demonstrates enthusiasm and a willing to expand knowledge in new areas whilst retain responsibility for more day-to-day analytical activities
  • Personal integrity and ability to deal with and be trusted with sensitive information
  • Advanced excel skills
  • 1-2 years of experience of working in a payroll or compensation and benefits role, either in-house or with a payroll bureau

Why join us

People join for the impact they can have on us. They stay for the impact we have on them. A flatter structure offers visibility and exposure beyond that of our competitors, so you know our names, and we know yours. It's personable, human, and inspires success through passion. By encouraging open mindedness and a willingness to share ideas, we have adapted to market changes and thrived through innovation. Bringing words like “hard work” and “dedication” together with “community” and “respect” has enabled us to work collaboratively and build our future together. We call this Team Spirit and it's what makes us different. It's what makes you different.

Business insight

If you feel you have the required experience and qualifications, then please apply to the SG Resourcing Team, and we will manage your application. At Société Générale, we believe our people are our strength and are core to the success of our business. As such, we search for, recruit and appoint the best available person on the basis of aptitude and ability, regardless of sex, marital or civil partnership status, race, colour, nationality, ethnic or national origins, pregnancy, disability, age, sexual orientation, religion, belief or gender reassignment.

We are an equal opportunities employer and we are proud to make diversity a strength for our company. Societe Generale is committed to recognizing and promoting all talents, regardless of their beliefs, age, disability, parental status, ethnic origin, nationality, sexual or gender identity, sexual orientation, membership of a political, religious, trade union or minority organisation, or any other characteristic that could be subject to discrimination.

Reference: 21000S2P
Entity: SG CIB
Starting date: 2021/11/15
Publication date: 2021/09/15
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