payroll specialist London, England
Job description
Fastmarkets is an independent commodity pricing and information organisation with over 500 staff. We are fuelled by values that bring us all together and are united by a collective passion to make a difference. We are supported by a working model that is based on a flexible approach that allows each of us to balance home and office working while encouraging effective collaboration and accountability.
Fastmarkets is the most trusted Price Reporting Agency (PRA) in the metals, mining, agriculture, forest products, and energy transition markets. Our price data, forecasts, and market analyses give our customers strategic advantage in complex, volatile, often opaque markets. Our events provide forums for market participants to come together, trade, and talk through the critical issues of our times.
We are making a difference. Fastmarkets works to create transparent commodity markets through our reliable and trusted price data and market intelligence. The markets we serve are central to how economies work and are essential for our lives. By doing this, Fastmarkets helps our customers build a more sustainable world. We are built on a 130-year foundation while bringing a digital platform to market, combining the currency of trust with the power of digital.
Most importantly, we are fuelled by our teams that, across the globe, making the amazing possible. With a deep sense of purpose and belonging, we are building an extraordinary future – together. If you would like to help build the future, we hope you will join us on our journey.
Fastmarkets was founded in 1913 (as Metal Bulletin) and is a privately held UK-registered company. It is owned by global private equity firm Astorg, a specialist investor in healthcare, software, technology, business services and technology-based industrial companies.
About the Role
We are seeking a highly skilled and proactive Global Payroll Specialist with a strong focus on outsourced payroll management to join our diverse and dynamic team as Fastmarkets embarks on the next phase of change, providing opportunity to become the SME in the new payroll system(s) and support the organisation at an important and exciting moment of change.
As the Global Payroll Specialist, you will play a pivotal role in implementing and maintaining payroll processes through outsourced payroll providers across our global operations. Your expertise in payroll management and vendor coordination will ensure accurate and compliant payroll operations while adhering to local regulations and company policies in various countries.
Principle Accountabilities
PRINCIPLE ACCOUNTABILITIES
1. Payroll Implementation and Vendor Management:
Collaborate with internal stakeholders to assess payroll requirements for new entities or countries and select appropriate outsourced payroll providers. Much of this selection process is underway currently and may be completed at point of joining.
Lead the onboarding process for new payroll providers, ensuring seamless integration with existing systems and data transfer for accurate payroll processing. This will be in conjunction with our Tech lead on HRIS and Payroll implementation.
Develop and maintain strong relationships with payroll vendors, serving as the primary point of contact for day-to-day payroll-related inquiries and issue resolution.
Monitor and evaluate the performance of outsourced providers, ensuring they deliver services in accordance with service level agreements (SLAs) and compliance standards.
2. Global Payroll Management:
Oversee the end-to-end, day to day, payroll process through external vendors, ensuring timely and accurate payroll runs for all global entities.
Review and validate payroll inputs, including employee data, benefits, bonuses, and deductions, to ensure accuracy and compliance with local regulations.
Collaborate with Finance and HR teams to address any payroll-related adjustments, tax matters, and employee payroll queries. Point of contact for tax authorities such as HMRC.
Manage payroll escalations to suitable resolution.
Help determine ‘to be’ payroll process ensuring HR Operations and Payroll work in the most efficient and effective method possible to streamline time, effort and accuracy of payroll approvals and amendments.
Develop a combined annual global payroll calendar, including key business cycles.
3. Compliance and Reporting:
Ensure compliance with local payroll regulations, tax laws, and statutory requirements in each country of operation, often via the local outsourced provider and own research.
Coordinate with external providers to prepare and submit payroll tax filings, reports, and remittances accurately and within specified deadlines.
Generate and analyze payroll reports for internal stakeholders and management, providing insights into payroll costs, trends, and discrepancies.
4. Process Improvement and Standardization:
Identify opportunities to standardize and optimize payroll processes globally, ensuring consistency and efficiency across various regions.
Implement best practices and procedures for outsourced payroll management, continually seeking opportunities to enhance payroll operations.
5. Cross-Functional Collaboration:
Partner with internal teams, including Finance, HR, Legal, and IT, to address any payroll-related inquiries and provide support in various payroll-related matters.
Coordinate with external auditors and manage payroll-related audits and reviews as necessary.
KEY INTERFACES
Global HR Team: Comprised of Talent Acquisition, HR Operations, Reward & Business Partnering.
Finance Team
Outsourced managed payroll providers
Delinian Transitional Service Agreement (TSA) stakeholders
About You
We recruit talented, dynamic people with diverse backgrounds and experiences, all united by a belief in our mission to provide the world’s leading and most trusted price reporting, events, and intelligence service for the markets we serve. We’re proud to be an equal opportunities employer and are committed to creating a fully inclusive workplace, where everyone feels able to participate and contribute meaningfully. You must be open-minded, curious, resilient, and solutions-oriented, and committed to promoting equality.
We are looking for an individual who is highly motivated, driven, and have a passion to be part of a fast-paced, successful team. Being a strong team player is also important as well as someone who is happy to work flexibly.
- Bachelor's degree in Finance, Accounting, Human Resources, or a related field.
- Proven experience as a Global Payroll Specialist or in a similar role, with hands-on experience in managing payrolls across multiple countries.
- In-depth knowledge of payroll regulations, tax laws, and employment laws in UK and US is required, and knowledge in various other countries is desirable.
- Familiarity with global payroll software and systems.
- Strong analytical skills and attention to detail, with a high level of accuracy in processing and managing payroll data.
- Ability to prioritise and meet tight deadlines in a fast-paced environment.
- Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams and cultures.
- Certified Payroll Professional (CPP) or other relevant certifications are desirable.
- Experience in payroll implementation programmes
If you're excited about the role but your experience, skills or qualifications don't perfectly align, we encourage you to apply anyway.
Our Values
Created by our own employees to reflect some of the personal traits that Fastmarkets people have, our values are key to what makes our culture unique. They reflect who each of us are and they're embedded in everything we do.
Our values are:
- METRICS DRIVEN. We use insights to improve our customers’ experience and our business performance
- ACCOUNTABLE. We are accountable to ourselves and those we work with: we keep our promises and get things done
- GROWTH MINDSET. This value enables us to be nimble to the changing realities and operate with a sense of urgency
- INCLUSIVE: We are inclusive and respectful, celebrating each of us and giving everyone a deep sense of belonging with the desire to bring their best self to work every day.
- CUSTOMER CENTRIC. We are customer-centric in all that we do
- COLLABORATIVE. We are collaborative, able to work across teams and capitalise on the diversity of intellect, perspectives, and experiences.
You’ve read a little about us – now it’s over to you!
If you like what you’ve read so far and think you can see yourself as a Fastmarkets person, it’s time to fill in your application form. This form is an important part of the selection process: it’s used to determine whether or not you’ll be chosen to have an interview and acts as a basis for the questions we’ll ask you on the day. It’s vital that you try to capture all the relevant information we have asked for on the form so we can get a good feel for who you are and why you’re great.
Location: London (Hybrid Working)
Contract type: Permanent, Full-time
Package: Competitive Salary + Bonus & Great Benefits
