Sr. Payroll Advisor

Job summary

The Senior Payroll Advisor is responsible for the accurate and timely end-to-end processing of semi-monthly payroll for approximately 750 employees. This role also involves managing benefits administration, conducting payroll audits, and providing advisory support to staff and management.

Job details

Sr. Payroll Advisor MCAP at a Glance 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 Role 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 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! Be A Part Of Something Great 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. Position #: req2280 Employment Status: Permanent Full Time Location: Toronto; Ontario Number Of Openings: 1 Department: Human Resources Internal Job Title: Sr. Payroll Advisor Salary Range: $75,000 - $85,000 The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job. 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.

What you’ll do

The Senior Payroll Advisor is responsible for the accurate and timely end-to-end processing of semi-monthly payroll for approximately 750 employees. This role also involves managing benefits administration, conducting payroll audits, and providing advisory support to staff and management.

Requirements

Candidates must have at least 5 years of payroll processing experience in a mid-sized organization and hold a Payroll Compliance Practitioner (PCP) designation. Proficiency in payroll software, specifically UKG, and strong analytical skills are required for this position.

Benefits

• Continuous learning and development
• Formal and informal training
• Competitive total rewards

Listed skills

• Microsoft Office · Preferred
• Problem solving · Preferred
• Time management · Preferred
• Communication · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Payroll processing
• Payroll compliance
• Payroll accounting
• Benefits administration
• Reconciliation
• Analytical reporting
• System audits
• Data integrity
• Records of employment
• T4 preparation
• Government remittances
• UKG payroll software
• Microsoft Office
• Problem-solving
• Time management
• Communication
• General Ledger Reconciliation
• Residential Construction
• Commercial Real Estate
• Resourcefulness
• Continuous Development
• Payroll Processing
• Management Reporting
• Payroll Systems
• Workflow Management
• Benefits Enrollment Processes
• Payroll Compliance Practitioner
• Variance Analysis
• UKG (Ultimate Kronos Group)
• Service Standards
• Self-Motivation
• Accounting
• Auditing
• Benefits Administration
• Billing
• Construction
• Internal Controls
• Management
• Business Requirements
• Calculations
• Decision Making
• Mortgage Loans
• Continuous Improvement Process
• Data Integrity
• Finance
• Family Support
• Leadership
• Problem Solving
• Proactivity
• Remittance

Job areas

• Finance & Accounting
• Human Resources
• Administrative
• Payroll Advisor
• Payroll Manager
• Payroll Clerks
• First-Line Supervisors of Office and Administrative Support Workers