Finance HR Business Partner

Website Arch Capital Group

Company

Arch Capital Group

Location

Hybrid – London

Job Title

Finance HR Business Partner

About the Job

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Summary

As a finance business partner for the HR function, you will provide financial analysis and advice to support the strategic goals and operational efficiency of the human resources department. You will work closely with the HR leadership team and the finance function to ensure alignment of budgets, forecasts, and actuals, as well as identify and manage risks and opportunities. You will also contribute to the development and implementation of HR policies and initiatives that have financial implications, such as compensation and benefits, talent acquisition, learning and development, and employee engagement.

Responsibilities

  • Manage the quarterly recharging of HR Cost.
  • Assist with payroll audits and compliance reviews.
  • Stay updated on payroll laws, policies, and best practices.
  • Develop and maintain financial models and reports to track and monitor the performance of the HR function against key metrics and targets.
  • Provide timely and accurate financial information and insights to the HR leadership team and the finance function, highlighting variances, trends, and areas for improvement.
  • Support the preparation and review of the annual budget and quarterly forecasts for the HR function, ensuring alignment with the overall business strategy and financial objectives.
  • Analyse and evaluate the financial impact of HR policies and initiatives, such as compensation and benefits, talent acquisition, learning and development, and employee engagement, and provide recommendations to optimize the return on investment.
  • Collaborate with the HR and finance teams to ensure compliance with accounting standards, tax regulations, and internal controls for all HR-related transactions and activities.
  • Participate in cross-functional projects and initiatives that involve the HR function, such as mergers and acquisitions, organizational changes, and process improvements.
  • Perform other accounting duties as assigned.
  • Review and settle payroll for employees monthly.
  • Review and verify payroll data, such as hours worked, deductions, and benefits.
  • Ensure compliance with local tax laws and regulations.
  • Reconcile payroll accounts and resolve any discrepancies or errors.
  • Maintain accurate and complete payroll records and documentation.

Qualifications

  • Bachelor’s degree in accounting, finance, or a related field
  • At least three years of experience in payroll accounting or a similar role
  • Proficient in payroll software, such as ADP, Paychex, or QuickBooks
  • Knowledgeable of payroll tax laws and regulations at the federal, state, and local levels
  • Excellent numerical and analytical skills
  • Attention to detail and accuracy.
  • Strong communication and interpersonal skills.
  • Ability to work independently and as part of a team.
  • Ability to meet deadlines and handle confidential information.

Key Tasks – to Cover

  • Payroll Settlement
  • Payroll Accounting Queries
  • Equity Reconciliation – (Payroll & Finance)
  • SAYE/ESPP Reconciliation – (Payroll & Finance)
  • Recharges (AEIS/ArchRe)
  • PSA Coordination (AEIS/ArchRe)
  • Review Directors Emoluments Disclosures (AEIS/Somerset/AUALA)
  • Actual to Plan Compensation Cost Monitoring
  • Plan/Forecast Headcount/Cost Model
  • Plan Annual/Quarterly review discussions.
  • Additional Compensation Analysis (UKR)
  • Support for HR Headcount Returns adhoc headcount analysisSPACE

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