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Fletcher Building

Manufactures building products and develops housing

Payroll Partner

Full-TimeUpdated on 10/23/2026
No salary listed
Mid
Auckland, New Zealand
In Person
AccountingPayroll Accounting

About the job

Requirements
  • At least 3 years of experience in a high-volume payroll environment.
  • Strong knowledge of New Zealand employment legislation, payroll compliance and the Holidays Act.
  • Experience interpreting Collective and Individual Employment Agreements.
  • A strong understanding of payroll controls, tax obligations, KiwiSaver and employee entitlements.
  • The ability to perform off-system payroll calculations and identify discrepancies.
  • Experience managing payroll compliance across end-to-end payroll processes.
  • Strong attention to detail, accuracy and numeracy skills.
  • Excellent problem-solving and analytical skills.
  • Clear and professional communication skills with a customer-focused approach.
Responsibilities
  • Manage the end-to-end payroll process, including time and attendance inputs, employee data maintenance and payroll processing.
  • Ensure employees are paid accurately and on time across each pay cycle.
  • Work closely with time and attendance systems, provide guidance on pay rules, test changes and help ensure system configurations are accurate and fit for purpose.
  • Process and review allowances, deductions, KiwiSaver contributions and other payroll payments.
  • Complete payroll reporting, month-end reconciliations and year-end activities.
  • Support payroll compliance requirements, including monitoring work patterns and ensuring compliance with employment legislation, tax obligations and employee entitlements.
  • Maintain a strong focus on payroll controls, accuracy and data security.
  • Investigate and resolve payroll queries, escalating issues where appropriate and ensuring a positive customer experience.
  • Build strong relationships across Payroll, People & Performance, Finance, Systems teams and the wider business.
  • Identify opportunities for continuous improvement and support the implementation of positive change.
Desired Qualifications
  • NZPPA certification (Level 3 or above) would be advantageous but is not essential.

About the company

Fletcher Building makes and distributes building products in Australia, New Zealand, and the South Pacific, and also develops housing and delivers infrastructure projects in New Zealand. It operates six divisions—Building Products, Distribution, Concrete, Residential and Development, Construction, and Australia—spanning manufacturing, distribution, and construction. Its products include insulation and cement, and it runs retail channels that supply tradespeople. Its goal is to support communities by providing reliable building materials, delivering housing and major projects, and maintaining efficiency, safety, and environmental performance.

Company Size

5,001-10,000

Company Stage

IPO

Headquarters

Auckland, New Zealand

Founded

1909

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Simplify's Take

What believers are saying

  • FY26 net earnings reached $228 million, reversing FY25's $419 million loss.
  • Operating cash flow hit $715 million, funding deleveraging and portfolio simplification.
  • Allan Gray lifted its stake near 20%, showing institutional conviction after the turnaround.

What critics are saying

  • SkyCity's June 2025 NZICC lawsuit still hangs over Fletcher's legacy liabilities and insurance recoveries.
  • Fletcher still expects $55 million-$65 million of construction-related provisions, excluding NZICC exposure.
  • New Zealand and Australia construction demand remains weak, delaying any broad volume recovery until 2027.

What makes Fletcher Building unique

  • Fletcher Building now focuses on manufacturing and distribution after selling Construction to VINCI in May 2026.
  • Its FY26 balance sheet improved, with net debt falling to $637 million from $999 million.
  • Scale across New Zealand building products gives it entrenched customer reach and procurement leverage.

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Benefits

  • Parental Leave
  • Flexible Work Hours
  • Gym Membership
  • Employee Discounts
  • Tuition Reimbursement

Growth & Insights and Company News

6 month growth

-3%

1 year growth

-2%

2 year growth

0%
Bitget
Apr 6th, 2026
Allan Gray boosts Fletcher Building stake to 20% amid industry downturn and $129M annual loss

Allan Gray has increased its stake in Fletcher Building to nearly 20%, signalling confidence despite significant industry challenges. The investment firm, known for its long-term approach, accumulated shares whilst the stock dropped over 20% from $2.96 to $2.36 between early March and April. Fletcher Building reported a $129 million annual loss whilst maintaining a 5.1% EBIT margin. Management cancelled the interim dividend to prioritise balance sheet strength and sold its Construction division as part of a portfolio simplification strategy. New Zealand and Australia's construction sector faces sustained weak demand, with meaningful recovery not expected until 2027. Fletcher CEO Andrew Reding has emphasised cost control and disciplined capital allocation. Notably, company executives have not purchased shares themselves, contrasting with Allan Gray's aggressive accumulation during the sector downturn.

NZ Herald
Jan 19th, 2026
Fletcher Building sells construction arm to Vinci for $315M

Fletcher Building has agreed to sell its construction division to French infrastructure group Vinci Construction for $315.6 million, with the final price potentially reaching $334.1 million depending on contract outcomes. The sale includes Higgins, Brian Perry Civil and Major Projects units. An additional $18.5 million in payments could be made based on several key contracts currently under negotiation. Fletcher Building expects to take provisions of $55 million to $65 million for legacy construction claims that remain with the group, excluding potential NZICC litigation. Chief executive Andrew Reding said the sale reflects the company's strategy to refocus on core manufacturing and distribution operations. The deal is subject to various conditions and adjustments.

The Motley Fool Australia
Dec 4th, 2025
Fletcher Building repays US debt, extends facilities to FY28 amid $7.2M restructuring cost

Fletcher Building has prepaid all outstanding US Private Placement notes and secured new debt facilities to simplify its funding structure. The company terminated associated cross-currency swaps on 10 November, incurring $7.2 million in cash costs. The New Zealand-based building materials company established a new two-year $200 million club facility in September and extended its $325 million Syndicated Facility Agreement Tranche C by four years. The moves defer major debt maturity until FY28. Dividend restrictions remain in place until the company meets standard covenant requirements. CEO Andrew Reding said the changes provide greater flexibility and lower ongoing capital costs whilst supporting the company's strategic reset. Fletcher Building shares have risen 18% over the past 12 months, outperforming the S&P/ASX 200 Index's 2% gain.