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About the Role
The Senior Payroll Advisor is responsible for the accurate and timely delivery of payroll, including legislated deductions, payroll-related payments, accounting, reconciliations, and analytical reporting to support financial and business requirements.
Responsibilities
- Execute end-to-end semi-monthly payroll processing for approximately 750 multi-provincial Canadian employees, ensuring accuracy, timeliness, and compliance.
- 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.
- 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.
- 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.
- Serve 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.
- Support year-end payroll activities, including reconciliations, T4 preparation and distribution, and troubleshooting system issues.
- Prepare payroll journal entries, general ledger reconciliations, government remittances, and quarterly and annual filings.
- Perform internal payroll and timesheet audits to ensure 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.
Requirements
- Minimum of 5 years of experience processing payroll in a mid-sized organization.
- Payroll Compliance Practitioner (PCP) designation.
- Advanced knowledge of payroll software.
- Demonstrated experience and understanding of RRSP-DPSP/TFSA and Health/Dental benefit program administration.
- Advanced Microsoft Office skills.
- 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.
Skills
- Payroll processing
- Payroll system audits
- Master data reviews
- Workflow approvals
- Shared mailbox management
- Benefits administration
- RRSP-DPSP/TFSA programs
- Benefits enrollment
- Benefits billing
- Benefits reconciliation
- Variance analysis
- Deduction processing
- Statutory deductions
- Garnishments
- Family support
- Retirement programs
- Record of Employment preparation
- T2200 form preparation
- Maternity and parental leave support
- Payroll headcount reporting
- Year-end payroll activities
- T4 preparation
- Payroll journal entries
- General ledger reconciliations
- Government remittances
- Quarterly filings
- Annual filings
- Internal payroll audits
- Timesheet audits
- Continuous improvement
- Employee experience enhancement
- Payroll advisory
- Benefits advisory
- Leave management advisory
- UKG (Ultimate Kronos Group) payroll and workforce management systems (asset)
- Payroll Accounting (asset)
Location
- Toronto, Ontario
Work Type
- Permanent Full Time
Experience Level
- Minimum of 5 years of experience
Education Level
- Payroll Compliance Practitioner (PCP) designation
Salary/Compensations
- $75,000 - $85,000
About the Company
- 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.
- 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.
Equal Opportunity
- 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.