Payroll Officer

About Tradition

Tradition, the interdealer broking division of Compagnie Financière Tradition, ranks among the largest brokers worldwide for over-the-counter financial and commodity products. Operating in over 28 countries with a workforce exceeding 2,500 employees, Tradition emphasizes exceptional client service powered by a strong culture of teamwork, creativity, reliability, and integrity established since 1959.

Role Overview and Key Duties

• Manage monthly payroll data and process various payments using ADP software.
• Handle employee status changes such as starters and leavers.
• Administer statutory pay elements including SMP (Statutory Maternity Pay), SPP (Statutory Paternity Pay), SSP (Statutory Sick Pay), and SAP (Statutory Adoption Pay).
• Process overtime, bonuses, commissions, and third-party benefits.
• Update bank details, addresses, passport information, and childcare voucher arrangements.
• Perform monthly currency conversion for payments.
• Manage pension enrollments, amendments, and salary sacrifice pension contributions.
• Handle insurance benefit accruals including BUPA, Private Health Insurance, and Group Life.
• Prepare payment instructions for cheque, CHAPS, and BACS transactions.
• Distribute payslips to desk heads and generate debit notes for salary costs among Tradition offices.
• Conduct end-of-month account reconciliations for nine entities using Excel and the AS400 Accounting System.
• Compile and disseminate payroll reports generated via Excel and ADP each month.
• Prepare and post monthly Payroll Journals and assist Accounts with bonus accrual information.
• Manage general administrative tasks such as filing and scanning.
• Prepare P11d forms for tax year-end compliance.
• Participate in PSA process and stay updated on relevant legislation changes.
• Manage payments for attachments of earnings and liaise with HMRC, Contributions Agency, and other regulatory bodies.
• Collaborate proactively with HR, Finance, and Head of Desks on payroll services.

Required Skills and Experience

• Familiarity with statutory payroll regulations.
• Proven experience in a similar payroll role.
• Ability to independently manage tasks with minimal supervision.
• Strong verbal and written communication capabilities.
• Proficiency in Microsoft Office applications, especially Excel and Word.
• Experience working with ADP Freedom payroll system.
• Basic understanding of accounting principles.

Additional Information

Tradition does not accept unsolicited agency CVs and is not responsible for fees related to any unsanctioned resumes. The recruitment team will contact only suitable candidates within 14 days of application. Tradition encourages applications from all qualified individuals and is committed to diversity and equal opportunity. By applying, candidates consent to their data being stored for six months and considered for future vacancies within the company.