Payroll Specialist - Toronto, Canada - Financial Services Regulatory Authority of Ontario (FSRA)

Financial Services Regulatory Authority of Ontario (FSRA)

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

FSRA is guided by our vision of financial safety, fairness and choice for Ontarians. We achieve this by public service through dynamic, principles-based and outcomes-focused regulation. FSRA is committed to attracting and retaining exceptional people who bring energy, expertise, and experience.

This includes providing a comprehensive total rewards package that looks beyond compensation and takes into consideration those things that are important to employees:

High employee engagement scores with opportunity for growth, learning and development
Flexibility with a hybrid work model in an office designed for collaboration
Competitive benefits plan, including a Defined Benefit pension plan
Promoting wellness and fostering an inclusive environment where all employees feel valued and respected
Culture of giving back to our communities through charitable activities
Job Description:

Purpose of Position

Accountable for providing payroll expertise and services in support of overall Human Resources Department strategies, programs, policies and initiatives and commitment to customer service.

Key Responsibilities

Provides payroll expertise, consultative advice and services to FSRA leadership and staff, including but not limited to support in the completion of endtoend payroll, benefits and pensions transactions, payroll earnings and deductions.
Collaborates with the team to provide information on benefits and pension.
Interprets and applies FSRA policies, programs, processes and practices, Collective Agreements and related legislation to payroll. Responds to related inquiries as required.
Processes biweekly payroll, ensuring compliance with all applicable payroll statutory and legislative requirements, FSRA policies and procedures and Collective Agreements.
Reviews payroll preprocessing reports prior to transmission and post payroll reports to ensure accuracy of all information and to analyze and resolve discrepancies with appropriate staff.
Reviews formal employee change requests and Workday workflows submitted by Managers and Human Resources colleagues to ensure accuracy, appropriate authorizations, and compliance with Collective Agreements, Employment Standards Act and payroll control policies.
Conducts a variety of manual payroll calculations (e.g., merits, severances, pensions, retroactive payments) and prepares all payroll, benefits, and pension reconciliations.
Woks in support of ongoing improvement of Payroll in Workday environment, to streamline and automate manual workflows.
Ensures compliance with various tax and revenue agency requirements including assisting in the calculation of source deductions, employer taxes, and preparation of yearend statements and reconciliation of all earnings and taxable benefits.
Plans and executes monthly, quarterly and yearend activities, including payroll reconciliations, Public Sector Salary Disclosure List, calculation of pension adjustments, balancing and preparation of T4s.
Coordinates offcycle, quarterly and yearend variable compensation/salary/bonus payments, participates with yearend audit and responding to queries by the auditors.
Collaborates with the Manager, Payroll in the research and development of tools, policies, supports and processes for the introduction of innovative best practices in payroll area to support critical change for a modern and flexible work environment.
Actively works in partnership with colleagues across Human Resources on department priorities for FSRA.
Works together with HR, Finance and other departments across FSRA to support reporting and audit requirements on a regular basis.
Collaborates with HR, Pension and Benefits providers to ensure strong relationships for accurate and highquality programs and services.

Qualifications:

Education and Experience

Certification as a Payroll Compliance Practitioner (PCP) gained through National Payroll Institute.
Minimum 5 years' experience in processing full cycle payroll, using Workday or a similar system in a multiunion environment with multiple collective agreements and compensation structures.
Specialized experience in providing end to end payroll and benefits related services within an evolving organization.

Knowledge and Skills

Expertise in standard payroll principles, practices, and legislative requirements.
Proficiency in the use and capabilities of various computerized payroll systems (e.g. Workday) and the full range of MS Office.
Arithmetic skills to perform a variety of manual payroll related calculations (e.g., merits, severances, pensions, retroactive payments, pension adjustments, yearend reconciliations and reporting).
Proven customer service and partnership skills and a committed team player
Excellent oral and written communication skills

Job Posting End Date:
06/25/2023

Job postings close at 11:59pm on the date noted.

Employment Type:
Regular

Scheduled Weekly Hours:
36.25

FSRA is committed to ensurin