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Havant

    Specialist Payroll Officer - Havant, Hampshire, United Kingdom - Lockheed Martin

    Lockheed Martin
    Lockheed Martin Havant, Hampshire, United Kingdom

    2 weeks ago

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    Description

    About the Role We are seeking an experienced Payroll Specialist to support an insourced payroll with an estimate employee headcount of 1,800.

    Broadly, the job entails all aspects of the payroll processing life cycle from new hire to termination, with additional responsibility for year end reporting requirements.

    Processing the day-to-day UK payrolls, ensuring appropriate liason and coverage with the team.

    Working alongside the Senior Payroll Specialist to manage timely delivery of payroll deliverables and ensure all back-up is provided for checking and audit activities.

    Process both the advanced and arrears payrolls per the calendars each month.
    Maintenance of Tax & NI records
    Maintenance of pension records
    Calculations of all statutory payments to include but not limited to: SMP, SAP, SSP, SHPP and SPP
    Manual calculations of gross to NET overpayments (Tax and NI)

    Process adjustments such as reversals, returned overpayments and ad hoc payments ensuring HMRC receive the correct data by the applicable deadline.

    Carry out reconcilations such as ensuring the FPS balances to payroll results.

    Validate and action payment requests via the Payroll Sharepoint Workflow Tool such as KIT day payments, standby allowances etc.

    Experience with insourced end to end payroll.
    A thorough understanding of all current payroll legislation to ensure compliance and accuracy in payroll processing.
    Ability to carry out manual payroll calculations to support validations.
    Data collation, organisation and analytical skills.
    Proficiency with MS Office applications, particularly Excel and ability to carry out lookups/pivot table activities for analysis.

    ~ Desirable - Oracle and SAP experience.

    Carry out post payroll activities such as:
    Submission of Pension Reports to 3rd party providers
    Working with the Senior Payroll Specialist to perform year end requirements such as P60's and P11D's.
    Comply with filing and record retention requirements – maintain data for internal and external audits.
    Liaise with HR, Rewards and various Finance function POC's.

    At Lockheed Martin our employees come first and therefore your physical, mental and financial wellbeing matters to us.

    We are an employer in support of and offering Flexible working with the option to also work a 4 day week depending on business requirements, where you have the option of Fridays off.

    We offer Competitive salaries alongside a flexible holiday entitlement.

    Private Medical Insurance
    Competitive Pension
    Dental
    Life Assurance
    Travel Insurance
    Employee discounts for top high street shops
    Employee Assistance Program which includes free face to face counselling sessions, Legal advice, Financial advice, etc
    Internal training and development alongside out Education assistance programmes
    Competitive policies that support flexibility and family leave inclusive of enhanced maternity leave

    Enterprise Business Services (EBS) consists of LMUK IT Services, Payroll, ESH, HR and Finance functions.

    Diversity and inclusion are fundamental to our culture and reflect our values of doing what's right, respecting others and performing with excellence.

    We know that diversity of thought leads to better solutions for our customers. In addition, we are committed to inclusion of all individuals and will make reasonable adjustments to our applications process.
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