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United Kingdom (UK) 🛡️ UK Work Eligibility 💼 Government
British Business Bank - Payroll Manager
British Business Bank ✓ Verified Employer

Payroll Manager

Verified Base Compensation
£50,000 - £65,000 / year
£4,167 - £5,417 / mo Apply Now →
Official Specifications

Role Overview & Mandate

Executive Summary

Location: Sheffield / London / Hybrid (Office Attendance 2 Days Per Week) Contract: 12 Month Secondment / Fixed Term...

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Reviewed by Compensation & Visa Analysts
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Location: Sheffield / London / Hybrid (Office Attendance 2 Days Per Week)

Contract: 12 Month Secondment / Fixed Term Contract

Hours: Full time

Salary: Between £50,000 - £65,000 depending upon experience and location


‘BBB introduced hybrid-working in 2020 and our colleagues work in our offices an average of 2 days a week, combining the benefits of flexibility, with time together with colleagues. The successful post-holder will need to be based a commutable distance from either our London or Sheffield offices.’


Benefits package:

  • 30 days annual leave plus bank holidays, opportunity to buy and sell holiday
  • 15% employer pension contribution,
  • Flexible working
  • Cycle to work scheme, healthcare cash plan and life assurance
  • Paid voluntary day, maternity, adoption, and shared parental leave
  • Benefits designed to suit your lifestyle - from discounts on retail and socialising, to health and wellbeing, travel, and technology...and plenty more

THE ROLE


We have an exciting opportunity for a Payroll Manager to join our existing HR Team on a 12 Month Fixed Term Contract.

Reporting to the Senior Manager, HR Operations as Payroll Manager your main responsibilities will be to ensure all BBB employees are paid accurately and on time and also manage Pension contributions process and other salary sacrifice schemes (Cycle, Childcare) for payroll & third party payments. You also be responsible for managing various systems & portals that link to the payroll.

You will manage all aspects of payroll to be covered including PAYE, NI, SSP, SMP, SPL, GAYE, court orders, student loans and salary sacrifice schemes (which include Cycle to work, Childcare vouchers & Workplace SIPP).

In addition to this you will also be responsible for processing updated tax codes, Student & Post Grad loans via Government Gateway along with the management of the Payroll System (Payrite) and the relationship with vendor.

To be considered for this role you must have experience of running and managing the end to end payroll process through an external payroll bureau along with previous knowledge of payroll process including benefits.

You will have experience of management of a supplier relationship for payroll and an understanding of PAYE/ NI/ auto Enrolment legislation.

You will need to be IT competent (including knowledge of Microsoft excel) with good mathematical skills.

You must have experience of Salary Sacrifices and taxable liabilities.


Click here to view the full job description.


ABOUT US


The British Business Bank is a unique and exciting institution. Its mission is to drive sustainable growth and prosperity across the UK, and to enable the transition to a net zero economy, by supporting access to finance for smaller businesses.

Established in 2014, it is a 100% government-owned economic development bank but independently managed.

To deliver its programmes, the Bank works through more than 200 delivery partners such as high street, digital, specialist and challenger banks, venture capital and private debt funds and fintech platforms.

Currently, we employ around 550 people, split between offices in Sheffield and London.

Please note all candidates applying for this role should have the right to work in the U.K.

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Compensation Analytics

Estimated Take-Home Pay

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Projected statutory deductions based on standard single-filer baseline tax regulations in the United Kingdom corridor.

Gross Annual Package £50,000 - £65,000
Est. Income Tax Band 20% - 40% Progressive Bracket
Statutory Insurance / FICA 8% Class 1 National Insurance (NI)
Estimated Monthly Net £3,333 - £3,846 / mo
Regional Economics

Cost of Living (London, England)

Bureau Data
Est. Rent (1-Bed)
£1,100 - £1,750
Monthly Utilities
£140 - £210
Cost Index
112.5
Disposable Tier
Top 15% Rank
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Compliance Standards

Work Authorization Framework

Verified Status: UK Work Eligibility
Corridor: UK Employment Corridor
🛡️ Zero Fee: Direct corporate recruitment with zero placement charges.

Candidate Selection Pipeline

Direct Corridor Track
01
Direct Apply

Submit verified credentials & CV.

02
HR Screening

2-4 day credential verification.

03
Technical Panel

In-depth domain & team interview.

04
Official Offer

Corridor contract & relocation.

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