Job Description:

Job Title: UK Payroll Reporting and Reconciliation Consultant

Corporate Title: Assistant Vice President

Location: Chester

Company Overview:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection.  Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.

One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being

Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Location Overview:

Find us in the city of Chester, a destination renowned for its culture, history, and beauty. Working at Bank of America Chester offers a far-reaching global career for a world-renowned organisation, whilst being ideally situated against the backdrop of the rolling North Wales hills and the banks of the serene River Dee.

The Team:

The Europe and Middle East (EMEA) Payroll Team is responsible for the delivery of pay services across the EMEA region. Reporting to the EMEA Payroll Manager, you will be part of the team ensuring accurate pay service delivery in addition to meeting our tax and legal obligations.

You will work closely with the individual pay delivery teams, as well as the Compensation, Benefits, Talent Acquisition, Shared Services, Global Mobility and HR Leadership.

This is a challenging role that requires exceptional communication, organizational and interpersonal skills to effectively solve complex tax and pay related issues and advise key stakeholders. The ability to understand and clearly communicate issues and provide solutions is critical to success, as are flexibility, ability to multi-task, and sold time management skills to ensure multiple deadlines are met. There is a requirement to proactively identify employee and firm level issues and work to mitigate these whilst understanding the wider implications.
 

Responsibilities:

Collation, data entry and processing of various payroll related transactions

Inputting, checking and reconciling the payroll information to achieve accurate, timely and compliant payments to employees, government agencies and third party providers

Ensuring that all statutory reporting deadlines are met.

Answering payroll queries from employees and other key stakeholder i.e. HR, Finance etc.

Updating standard operating procedure (SOP) documents as required.

Provide back up in the team for other countries as required.

Performs complex analytics, consulting, and process design tasks to support the successful delivery of payroll

Evaluates existing processes, technologies, and routines to drive process improvements

Implement controls to mitigate and manage compliance and operational risk

Partners with HR program functions on an ongoing basis to ensure processes meet design requirements

Required Skills:

Experience of running end to end payrolls

Proven track record of working in Payroll and an understanding of Payroll Finance

Being able to organise and prioritise the workload and manage multiple tasks / deadlines while maintaining a high standard of accuracy and level of service

Must be proactive in driving efficiencies and producing new ideas to improve the current processes

Excellent reporting and data reconciliation skills, including intermediate Excel (Pivot Table, Vlookup)

Excellent team player with the ability to build effective team relationships and promote an environment of trust and flexibility

Previous experience of implementing new payroll software desirable

Previous banking experience desirable but not essential

Understanding of payroll accounting and finance

Previous experience or awareness of Workday Payroll not essential but desirable

Benefits of working at Bank of America:

UK

Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner

Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons

20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 

The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.

Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

Access to an Employee Assistance Program for confidential support and help for everyday matters

Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements