Payroll Analyst
Posted 1 week ago by Magnit Global
£45 Per hour
Inside
Hybrid
London Area, United Kingdom
Summary: The Payroll Analyst role at a global investment bank in London involves managing end-to-end payroll processing within a regulated environment for a 12-month contract. The position requires hands-on experience in payroll operations, including accounting activities and system integrations, while also supporting audits and process improvements. The role demands strong stakeholder engagement and attention to detail to ensure compliance and efficiency in payroll cycles.
Key Responsibilities:
- Full end-to-end payroll processing across the employee lifecycle (joiners, leavers, transfers, parental leave, expatriate payroll)
- Ownership of payroll accounting activities, including general ledger postings and reconciliations
- Post-payroll processing including pensions, benefits reconciliation and internal account movements
- Liaising with HR, Finance, Benefits and Global Mobility to ensure accurate and timely payroll changes
- Managing payroll system integrations (ADP IHCM, Workday, Darwin) and maintaining data integrity
- Handling payroll queries and delivering a high-quality employee service
- Supporting audits and maintaining robust payroll controls
- Identifying process improvements and driving efficiencies
Key Skills:
- Proven UK end-to-end payroll experience within financial services or another regulated environment
- Experience supporting medium to large-scale payrolls
- Strong working knowledge of ADP IHCM and Workday is essential
- Solid payroll accounting knowledge (reconciliations, GL processes)
- Advanced Excel skills
- Strong stakeholder engagement skills across HR and Finance
- Excellent attention to detail and ability to work to tight deadlines
- Desirable: Benefits processing experience, pension knowledge, exposure to international/expatriate payroll, CIPP qualification (or working towards)
Salary (Rate): £45.00/hr
City: London
Country: United Kingdom
Working Arrangements: hybrid
IR35 Status: inside IR35
Seniority Level: undetermined
Industry: Other
Payroll Analyst, Global Investment Bank London (3 days office / 2 days remote) 12-Month Contract £330 per day (Inside IR35) Global banking organisation is seeking an experienced Payroll Analyst to join its London-based HR function on a 12-month contract. This is a hands-on role within a regulated environment, supporting a medium-to-large scale payroll operation and deputising for the Payroll Lead when required. The Payroll Analyst will be responsible for delivering accurate, compliant end-to-end UK payroll processing while supporting strong financial controls and smooth monthly and annual payroll cycles.
Key Responsibilities Payroll Analyst:
- Full end-to-end payroll processing across the employee lifecycle (joiners, leavers, transfers, parental leave, expatriate payroll)
- Ownership of payroll accounting activities, including general ledger postings and reconciliations
- Post-payroll processing including pensions, benefits reconciliation and internal account movements
- Liaising with HR, Finance, Benefits and Global Mobility to ensure accurate and timely payroll changes
- Managing payroll system integrations (ADP IHCM, Workday, Darwin) and maintaining data integrity
- Handling payroll queries and delivering a high-quality employee service
- Supporting audits and maintaining robust payroll controls
- Identifying process improvements and driving efficiencies
Experience Required Payroll Analyst:
- Proven UK end-to-end payroll experience within financial services or another regulated environment
- Experience supporting medium to large-scale payrolls
- Strong working knowledge of ADP IHCM and Workday is essential
- Solid payroll accounting knowledge (reconciliations, GL processes)
- Advanced Excel skills
- Strong stakeholder engagement skills across HR and Finance
- Excellent attention to detail and ability to work to tight deadlines
- Desirable: Benefits processing experience, pension knowledge, exposure to international/expatriate payroll, CIPP qualification (or working towards).
This is an excellent opportunity for an experienced payroll professional looking for a technically strong contract role within a structured and high-performing environment. Please apply now or message for a confidential discussion.