Senior Payroll Advisor in Toronto

Joining MCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success! At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering, a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

The Senior Payroll Advisor is accountable for the accurate and timely delivery of payroll, including legislated deductions, payroll related payments, payroll accounting, reconciliations, and analytical reporting to support financial and business requirements.

• Execute end to end semi monthly payroll processing for approximately 750 multi provincial Canadian employees, ensuring accuracy, timeliness, and compliance while working collaboratively within the payroll team.
• Conduct regular payroll system audits, including master data reviews and workflow approvals, to ensure data integrity and compliance with internal controls.
• Monitor and manage the shared payroll mailbox, providing timely responses to inquiries and resolving payroll issues in accordance with service standards.
• Perform full cycle benefits administration, including RRSP-DPSP/TFSA programs and benefits enrollment, partnering with third party vendors.
• Manage benefits billing, reconciliation, and variance analysis, resolving discrepancies and ensuring financial accuracy and executive decision making.
• Ensure accurate calculation and processing of all payroll deductions, including statutory deductions, garnishments, family support, benefits, and retirement programs.
• Prepare and issue Records of Employment, and T2200 forms, while serving as a subject matter expert to resolve complex payroll inquiries and discrepancies.
• Partner with employees on maternity and parental leave to review benefit continuance schedules, clarify payment obligations, and respond to benefit related inquiries.
• Prepare and deliver accurate monthly payroll headcount reports to support financial and management reporting.
• Support year end payroll activities, including reconciliations, T4 preparation and distribution, and collaboration within payroll team to troubleshoot system issues.
• Prepare payroll journal entries, general ledger reconciliations, government remittances, and quarterly and annual filings.
• Perform internal payroll and timesheet audits to ensure ongoing accuracy, compliance, and adherence to legislative and organizational requirements.
• Identify, recommend, and implement continuous improvement initiatives to enhance payroll efficiency, controls, and employee experience.
• Provide trusted guidance and advisory support to employees and managers on payroll, benefits, and leave management matters.

What You Bring To The Team

• Minimum of 5 years of experience processing payroll in a mid-sized organization.
• Payroll Compliance Practitioner (PCP) designation.
• Advanced knowledge of payroll software. Experience with UKG (Ultimate Kronos Group) payroll and workforce management systems is an asset.
• Demonstrated experience and understanding of RRSP-DPSP/TFSA and Health/Dental benefit program administration.
• Advanced Microsoft Office skills.
• Payroll Accounting experience an asset.
• Strong detail orientation with strong analytical and problem-solving skills.
• Excellent organizational and time management skills.
• Confident with the ability to communicate effectively and build credibility with stakeholders at all levels.
• Self-motivated with the ability to take initiative, be proactive and resourceful.
• Positive spirit with a “get ‘er done” attitude and ability to thrive in a very dynamic environment.
• Carries out duties with integrity and takes responsibility for actions.

MCAP is Canada’s largest independent Mortgage Finance company with over $150 billion in assets under management providing mortgage solutions for residential and commercial properties. For over 35 years, MCAP originates, trades, securitizes and services mortgages in offices across Canada. MCAP originates residential mortgages exclusively through the mortgage broker channel as we believe that a professional mortgage broker is a consumer's best option and MCAP actively promotes the services of mortgage brokers across the country. MCAP is also a leader in the Canadian residential construction lending market with over 25 years in the business. Our teams of dedicated professionals serve a variety of developer, construction and lender clients across Canada.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.