Payroll Analyst

Job Type:

Permanent

Build a brilliant future with Hiscox
 

Position: Payroll Analyst

Reporting to: Corporate Cent Financial Controller

Location: London – Colchester–York– hybrid

Band: II

Type: Permanent

About us:

As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
 

About the role:

This is an exciting time to join the team and be part of shaping the future to ensure Hiscox Group Finance is set up to help deliver the next phase of growth in the business. We take a lot of pride in what we do at Hiscox and our sights are always set on achieving the best. If you are the same, this role could be a good match.

We are looking for an experienced Payroll Analyst to join the Corporate Centre finance team where they will play a key role within Group Finance. The role provides exposure to a wide range of stakeholders. In addition, this individual will play an integral role in process improvements, ensuring the Corporate Centre finance operations are set for optimal delivery.

 Key Responsibilities include:

• Sole responsibility for ensuring the monthly in-house payroll is processed and delivered accurately and on time, in accordance with company policies and legal requirements, including tax deductions, benefits, and other deductions.
• Collaborate with HR and SaaS service provider to ensure accurate employee data.
• Review and verify payroll data for completeness and accuracy.
• Maintain payroll records to ensure compliance with all applicable laws and payroll regulations.
• Address and resolve payroll and tax-related inquiries from employees and management.
• Prepare payroll reconciliations, submit reports and payment transfers for approval.
• Partner with Finance Team to ensure payroll journal entries posted to general ledger are reconciled and accurate; assist team members on the reconciliation of the general ledger for all payroll-related entries.
• Develop and run ad-hoc, audit & controls pre-post-payroll reports.
• Support the development of a continuous improvement culture utilising external insights and best practice. 
• Actively support both Finance and Group-wide projects relevant to the role.

Person Specification:

• CIPP qualified with a minimum two + years’ PQ experience preferably within Financial Services, Insurance or multi-national business.
• End to end in-house payroll experience.
• Strong understanding of payroll, payroll tax laws and payroll software.
• Confident interrogating and analysing high volumes of data with an attention to detail, advanced excel skills
• Excellent Stakeholder Management and Communication Skills.
• Ability to use own initiative and ability to work both alone and as part of a team
• Strong control mindset and experience
• Advanced excel skills

Reporting Relationships/Interactions:

• Reports to Corporate Centre Financial Controller
• Maintain constructive and supportive professional relationships with both internal and external stakeholders including Business Unit finance teams, and external auditors.

Why work at Hiscox?

 It’s a simple question, with many answers. The reality is that we’re all different. And a different combination of career opportunities, perks, benefits, worklife flexibility, training, and environment may appeal to each of us. But when we talk to our people, be they newcomers or veterans, they tell us that there is a certain something about the culture of Hiscox that draws our people here and keeps them here – it’s something we call the “Hiscox factor”. It is felt in the way we interact with one another. In the values our people hold. And in our attitude to both success and adversity. It is not something that’s always easy to define through a set of words; but if you’re someone who challenges convention, someone who is passionate about helping people when they need us most, and someone who simply gets things done… then you have everything you need to succeed here.

Hybrid

At Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success. We have learned that working life doesn’t always have to be in the office, and we use hybrid working to encourage a healthy work life balance. We anticipate the successful candidate for this role will be in the office 2 days per week. This hybrid working model is set by the team rather than the business to enable optimal team functioning and to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.

Work with amazing people and be part of a unique culture