Senior Payroll and Benefits Specialist

Schroders · Luxembourg

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About us

• Schroders is a global investment manager which provides active asset management, wealth management and investment solutions. We aim to provide excellent investment performance to clients through active management. We serve a diverse client base that includes pension schemes, insurance companies, sovereign wealth funds, endowments, foundations, high net worth individuals, family offices, as well as end clients through partnerships with distributors, financial advisers, and online platforms.
• Established in 1804, we have around 5,500 people across 36 global locations. Schroders' success can be attributed to its diversified business model, spanning different asset classes, client types and geographies.

Who We're Looking For

We are looking for an experienced and detail-oriented Senior Payroll & Benefits Specialist to join our Luxembourg People & Culture team. This is an exciting opportunity for a payroll and benefits professional to combine hands-on operational delivery with specialist advisory responsibilities, anddeliver payroll excellence, managing employee benefit programmes, and supporting compensation activities across Luxembourg and Europe. 

What You'll Do

Payroll

• Coordinate and validate monthly payroll processing for Luxembourg and EU branches, ensuring accuracy, quality, appropriate controls and timely completion

• Liaise with payroll providers and ensure compliance with tax and social security requirements.

• Manage complex payroll matters, including expatriate and split-pay arrangements.

• Support annual payroll activities, including bonus, share award, and participation payments.

• Ensure payroll controls, reconciliations, and data integrity checks are completed in a timely manner.

• Act as a subject matter expert on payroll taxation, social security, and payroll compliance matters.

• Identify operational risks, control gaps and opportunities for improvement, recommending and implementing practical enhancements.

Benefits

• Administer employee benefits, including pension, health insurance, meal vouchers, and wellbeing programmes.

• Manage benefit enrolments, changes, and leavers, while acting as a key contact for employees and providers.

• Monitor legislative developments and market practices to ensure benefit programmes remain competitive and compliant.

• Support benefits renewals, vendor management activities, and periodic reviews of benefit offerings.

Compensation & Reporting

• Support annual salary review, bonus, promotion, and compensation planning processes.

• Participate in salary benchmarking and compensation surveys.

• Support the administration of share awards and deferred compensation plans.

• Analyse payroll, compensation, and benefits data, providing insights and reporting to support business decisions.

• Prepare regulatory, payroll, and management reports.

• Contribute specialist knowledge to local, regional or global projects and initiatives, representing local requirements and supporting successful implementation.

Employee Support & Compliance

• Support payroll and benefits activities throughout the employee lifecycle.

• Provide guidance to employees and managers on payroll, benefits, reward, and leave-related matters.

• Support audits, compliance activities, and continuous process improvements.

• Maintain payroll and benefits procedures and documentation.

What You'll Bring

• Demonstrated  experience in Payroll, Compensation & Benefits, or a related HR specialist role.

• Strong knowledge of Luxembourg payroll, taxation, social security, and employee benefits, with exposure to other European countries being an advantage.

• Experience coordinating payroll with external providers.

• Strong analytical and Excel skills.

• Experience working with HR and payroll systems.

• Excellent communication and stakeholder management skills.

• Fluency in English; French and/or German would be an advantage.

What You'll Be Like

• Detail-oriented and highly accurate.

• Analytical and data-driven.

• Proactive, organised, and solutions-focused.

• Collaborative and customer-focused.

• Able to handle confidential information with discretion and integrity.

Why Join Schroders?

Join a collaborative and inclusive organisation where you will play a key role in delivering efficient payroll operations, competitive employee benefits, and an outstanding employee experience across Luxembourg and Europe.

We Recognise Potential, Whoever You Are

• Our purpose is to deliver excellent investment performance to clients through active management. We believe diverse perspectives and an inclusive culture help us make better decisions and achieve better outcomes for our clients. That's why inclusion is a strategic priority for us, and we are an equal opportunities employer. You are welcome here, regardless of your age, disability, gender identity, religious beliefs, sexual orientation, socio-economic background, or any other protected characteristic.
• We will consider flexible working arrangements for all roles and provide reasonable accommodations to support applicants and employees, including those with neurodiversity, disability, or physical and mental health needs. For more information, please visit our FAQs.

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