At a Glance
- Tasks: Manage payroll for 750+ employees, ensuring accuracy and compliance.
- Company: Join one of Canada’s largest independent mortgage finance companies.
- Benefits: Competitive salary, benefits administration, and professional growth opportunities.
- Other info: Dynamic work environment with a focus on continuous improvement.
- Why this job: Be a key player in payroll processes that impact real people.
- Qualifications: 5+ years of payroll experience and advanced software knowledge required.
The predicted salary is between 64350 - 78650 $ per year.
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.
Key Responsibilities:
- 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.
- 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.
If this sounds like you and you are looking to be a part of one of Canada’s largest independent mortgage finance companies, then we want to hear from you!
Senior Payroll Advisor in Toronto employer: MCAP
At MCAP, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. As the Director of Commercial Mortgages, you will benefit from our commitment to employee growth through ongoing training and mentorship, while enjoying a dynamic environment that values strategic thinking and relationship management. Located in a vibrant area, MCAP offers unique advantages such as access to a diverse client base and opportunities for networking within the commercial lending sector.