About the Role
The Payroll and Accounting Analyst is responsible for managing financial transactions, ensuring timely and accurate payments, and maintaining compliance with Canadian payroll and benefits legislation. This role requires technical expertise and strong collaboration skills to support various teams and stakeholders.
Responsibilities
- Leads the payroll function including processing payroll, insured benefits and pension benefits for full-time, fixed-term, and casual employees.
- Ensures compliance with all applicable legislation and tax laws, staying informed of regulatory changes.
- Completes preparation and filing of all statutory returns including EHT, WSIB, payroll remittances, and compliance reports.
- Issues ROE, processes annual T4 and T4As, and performs annual payroll and remittances reconciliation.
- Addresses staff queries regarding payroll, tax forms, and other finance-related requests.
- Collaborates with the People and Culture team to implement changes and improvements to staff payroll and benefits processes.
- Administers the accounts payable process, including invoice processing, payment processing, vendor record management, and cost analysis.
- Performs General Ledger, billing systems, and payment gateway reconciliations.
- Maintains corporate credit card statements and coordinates tracking of expense receipts.
- Prepares and analyzes accounts payable reporting, aging reports, and cash flow management analysis.
- Collaborates with Finance and Operations teams to ensure smooth processing and authorization of payments, and resolves compliance and risk issues.
- Maintains petty cash.
- Prepares journal entries, account reconciliations, quarter-end and year-end accounting schedules.
- Assists external auditors with interim and year-end tasks.
- Supports the Director in researching payroll and accounting issues and prepares analysis of appropriate accounting and tax treatment.
- Prepares, analyzes, and reconciles monthly, quarterly, and annual financial reports and ad hoc reports for management, audits, and compliance reporting.
Requirements
- Post-secondary degree in accounting, finance, business administration, or a related field.
- 3+ years of payroll and accounts payable or accounting experience.
- Knowledge of Canadian payroll processes, tax structure, statutory deductions, and pension benefits.
- Experience interacting with external auditors and government tax authorities.
- Strong analytical skills and experience with databases and financial systems for financial analysis and reporting.
- Expertise in Microsoft Excel and data visualization tools (e.g., Tableau, Power BI).
Skills
- Payroll processing
- Accounts payable
- General Ledger reconciliation
- Statutory reporting
- Financial analysis
- Data visualization
- Customer service
- Collaboration
Location
- 145 Wellington St W Suite 600, Toronto, ON M5J 1H8
Work Type
- Hybrid
- Contractual (24 months)
Experience Level
- 3+ years
Education Level
- Post-secondary degree in accounting, finance, business administration, or a related field
- Canadian Payroll Association (CPA) certification is an asset
Benefits
- Comprehensive health and dental benefits
- 3 weeks’ vacation to start (pro-rated)
- Additional personal days (pro-rated)
- Extended office closure during the holidays
About the Company
- Touchstone Institute is the largest assessment centre of its kind in Canada, providing professional competency assessment and learning programs to support high-quality healthcare delivery.
- It is a non-profit corporation supported by the Government of Ontario.
- The organization is implementing a growth strategy to expand its impact in health human resource solutions and strengthen the practice of healthcare professionals.
- Nearly 70 full-time staff contribute to its success, including experts in competency design, assessment, and health and education program development.
- Touchstone Institute works closely with healthcare providers to assess and improve competency levels.
- The organization facilitates entry to training or practice for Internationally Educated Health Professionals and supports excellence in competent practice for all healthcare providers.
Equal Opportunity
- Touchstone Institute is dedicated to employment equity and fostering a diverse work environment.
- Encourages applications from Indigenous Peoples, racialized persons, persons with disabilities, and other equity-seeking groups.
- Believes a diverse team is essential to understanding and serving the evolving needs of the healthcare sector.
- Is an equal-opportunity employer committed to fostering a diverse work environment and exercises accessible employment practices.
- Requests for accommodation will be accepted in all aspects of the hiring process in accordance with the Ontario Human Rights Code, Accessibility for Ontarians with Disabilities Act (AODA), and Touchstone Institute’s policies.
