Full-Time

Payroll Assistant

Updated on 7/23/2026

Thought Machine

Thought Machine

501-1,000 employees

Cloud-based core banking and payments platform

No salary listed

London, UK

In Person

On-site in London; no remote option stated.

Category
Legal & Compliance (1)
Required Skills
Excel/Numbers/Sheets

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Requirements
  • Experience in payroll processing across various countries
  • Attention to detail and accuracy key
  • Strong time management and organisational skills
  • Strong excel skills required
  • Good understanding of controls and payroll best practices
  • Proactive and providing solutions to challenges that come up
  • Excellent communication skills with the ability to articulate payroll matters to HR, Finance and Employees
Responsibilities
  • Support global payroll process and controls with support from external payroll providers
  • Timely execution of payroll deliverables, payments and statutory reporting for all seven countries while ensuring compliance with local payroll legislation in different countries
  • Engaged in payroll implementations in the future and leading any process optimisation as necessary in partnership with HR
  • Work with the accounting team to ensure that payroll related spend is accounted for correctly and timely
  • Support or lead ad hoc projects as the team and business expands internationally
  • Responding to payroll related queries and supporting user accounts, resetting passwords
  • Ensuring benefits are aligned with employees and providers and no leakage
  • Adhering to strict timelines for cut off and payroll scheduling
  • General administration of portals, user accounts, resetting passwords
Desired Qualifications
  • Proven experience working within a group environment
  • Industry experience (fast-growing technology company is a plus)
  • Payroll systems implementation is a plus
  • Workday system experience for HR or Finance would help

ThoughtMachine provides a cloud-based platform for banks to design, deploy, and manage financial products and payment systems. Its Vault Core is a cloud-native core banking system that banks can host with their chosen provider and customize via a library of over 200 preconfigured products. Vault Payments handles all payment types and regions and connects to core offerings, enabling full payment life-cycle control. Built with an API-first architecture and pre-integrated smart contracts, the platform avoids legacy code and charges banks for using the platform and services.

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$619.1M

Headquarters

London, United Kingdom

Founded

2014

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Simplify Jobs

Simplify's Take

What believers are saying

  • Revenue surpassed $100M in 2025 with 57% YoY growth, driven by multi-year tier 1 bank migration commitments.
  • ARR crossed $100M in Q2 2026, supported by long-term contracts and predictable revenue model enabling sustained profitability path.
  • Positive free cash flow achieved in 2025 H2, with 30+ country client base and new offices in Lisbon and Miami expanding market reach.

What critics are saying

  • Smart Contract language lock-in in Python forces costly expertise acquisition, accelerating 45-60% churn to Temenos or Mambu within 9-15 months.
  • Limited legacy migration tooling compared to Oracle FLEXCUBE causes multi-month delays for tier 1 migrations, threatening $100M+ ARR commitments in 12-18 months.
  • Temenos' dominance in 68+ banks and superior migration tooling displaces Thought Machine from US Senate Federal Credit Union and GBC deals, cutting $20M expansion revenue in 6-12 months.

What makes Thought Machine unique

  • Vault is built from scratch as cloud-native with no legacy code, enabling full cloud optimization and real-time operations.
  • Smart Contracts allow banks to define any financial product via code without modifying platform core, granting full control over product logic.
  • Leading tier 1 bank dominance with 18 global institutions and 68 total clients, far exceeding next-gen competitors' enterprise footprint.

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Benefits

Health Insurance

Vision Insurance

Dental Insurance

Paid Vacation

Unlimited Paid Time Off

401(k) Company Match

Health Savings Account/Flexible Spending Account

Stock Options

Commuter Benefits

Life Insurance

Disability Insurance

Parental Leave

Flexible Work Hours

Meal Benefits

Professional Development Budget

Growth & Insights

Headcount

6 month growth

-1%

1 year growth

-1%

2 year growth

-1%