Job Summary:
We are seeking a highly skilled and experienced Payroll Manager to work with the payroll coordinator to take full ownership of our payroll function. The successful candidate will be responsible for end-to-end payroll processing from gross to net, ensuring compliance with all statutory regulations. A strong understanding of basic accounting principles, excellent Excel skills, and experience with expenses and benefits administration are essential for this role.
Key Responsibilities:
- Payroll Processing (Gross to Net):
- Oversee the process of the company's Monthly payroll accurately and on time for all employees.
- Ensure the calculation and process of all payroll components including salaries, wages, bonuses, overtime, and deductions e.g. tax, National Insurance, student loans, attachment of earnings are accurate and auditable.
- Reconcile payroll data and resolve any discrepancies or queries.
- Ensure the processes for new starters, leavers, and changes to employee records are efficiently and accurately maintained.
- Maintain up-to-date and accurate payroll records.
- Auto-Enrolment & Pensions:
- Administer and manage the company's Auto-Enrolment pension scheme.
- Process pension contributions, opt-ins, and opt-outs.
- Liaise with pension providers and ensure timely submission of data and payments.
- Maintain accurate records for pension compliance and auditing.
- Basic Accounting:
- Perform payroll reconciliations with the general ledger.
- Process payroll journals and accruals.
- Assist with month-end and year-end close procedures related to payroll.
- Understand and explain payroll-related accounting entries.
- Expenses and Benefits:
- Administer and process employee expenses in accordance with company policy.
- Manage and track employee benefits (e.g. Relocation, private medical insurance, Company car benefits, etc.) for payroll purposes.
- Ensure P11D and PSA reporting is accurate and submitted on time.
- Manage Payroll Mechanism for Taxing and Reporting of RSUs
- Compliance & Reporting:
- Ensure full compliance with HMRC regulations, PAYE, National Insurance, Statutory Sick Pay (SSP), Statutory Maternity Pay (SMP), etc.
- Managing Compliance with IR35.
- Gender Pay Gap Reporting
- Prepare and submit all statutory payroll reports (e.g., FPS, EPS).
- Stay up-to-date with changes in payroll legislation and ensure the company remains compliant.
- Generate various payroll reports for management and internal stakeholders as required.
- System Management & Data:
- Utilise and maintain the payroll software (Civica People Hub) system effectively.
- Ensure data integrity and confidentiality of all payroll information.
- Stakeholder Management:
- Work with Payroll Coordinator effectively and act as the primary point of contact for all payroll-related queries from employees and management.
- Liaise effectively with HR, Finance, and external providers (HMRC, pension providers etc) .
Skills & Experience:
- Proven experience (minimum 3-5] years) in a dedicated Payroll Manager or Senior Payroll Officer role, with full end-to-end payroll responsibility.
- Demonstrable expertise in managing Auto-Enrolment pension schemes.
- Solid understanding of all aspects of gross to net payroll calculations and deductions.
- Strong working knowledge of basic accounting principles and payroll journal entries.
- Advanced Excel skills are essential ( VLOOKUPs, pivot tables, complex formulas for data manipulation and analysis).
- Experience with expenses and benefits administration and P11D/PSA reporting.
- Up-to-date knowledge of UK payroll legislation and HMRC requirements.
- Experience with Civica payroll software and Workday is highly desirable.
- Excellent attention to detail and accuracy.
- Strong analytical and problem-solving skills.
- Ability to manage multiple priorities and meet tight deadlines.
- Excellent communication and interpersonal skills, with the ability to explain complex payroll matters clearly.
- High level of integrity and ability to handle confidential information discreetly.
Qualifications:
- CIPP is advantageous but not essential
What We Offer:
- A supportive and collaborative work environment with Opportunities for professional development together with a competitive pension scheme, Company Bonus scheme, Generous holiday allowance, Private Health care and Free parking.
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What We Do
Vishay manufactures one of the world’s largest portfolios of discrete semiconductors and passive electronic components that are essential to innovative designs in the automotive, industrial, computing, consumer, telecommunications, military, aerospace, and medical markets. Serving customers worldwide, Vishay is The DNA of tech™ Vishay Intertechnology, Inc. is a Fortune 1,000 Company listed on the NYSE (VSH). More on Vishay at www.Vishay.com.
Vishay offers a comprehensive suite of benefit programs including health care coverage, financial support programs and other resources designed to help you achieve your personal and professional goals. With us, you'll experience unique career paths, an open and collaborative culture, a stable business that will be there for you, and opportunities to work globally and locally. Do you have the skills we need? Are you ready to power your career as you power the world? If so, apply today.
It is the policy of Vishay to provide equal employment and advancement opportunities to all colleagues and applicants for employment without regard to race, color, ethnicity, religion, gender, pregnancy/childbirth, age, national origin, sexual orientation, gender identity or expression, disability or perceived disability, genetic information, citizenship, veteran or military status or a person’s relationship or association with a protected veteran, including spouses and other family members, marital or domestic partner status, or any other category protected by federal, state and/or local laws.
As an equal opportunity employer, Vishay is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact [email protected] assistance.
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