Compensation and Benefits Coordinator

1 month ago

Montreal, Quebec, Canada Crédit Agricole SA Full time

Position Overview

As a Bilingual Payroll and Benefits Administrator, you will be integral in guaranteeing that our workforce receives accurate remuneration and comprehends the benefits at their disposal. This role demands a blend of technical expertise, meticulous attention to detail, and strong communication abilities to effectively oversee payroll and benefits management. Proficiency in both French and English is essential for this position.

Key Responsibilities:

Payroll Management:

  • Execute bi-weekly/monthly payroll for all employees, ensuring precision and adherence to company policies and relevant regulations.
  • Reconcile payroll records and address any inconsistencies.
  • Manage payroll tax submissions, filings, and year-end processing.
  • Collaborate with the HR team to accurately reflect new hires, terminations, and other changes in the payroll system.

Benefits Management:

  • Oversee daily operations of group benefits programs, including health, dental, vision, disability, life insurance, and retirement plans.
  • Facilitate benefits enrollment for new hires and during the annual enrollment period.
  • Ensure accurate entry of benefits changes in the payroll system for deductions.
  • Communicate with benefit providers to resolve issues related to claims and enrollments.
  • Stay informed on trends, best practices, and regulatory changes in human resources and employment law to maintain compliance.

Payroll and Benefits Duties:

  • Verify daily timesheets and attendance records.
  • Maintain and update employee payroll information in the system.
  • Process and distribute payroll checks.
  • File and archive payroll documentation.
  • Assist employees with inquiries regarding payroll and benefits.
  • Track records of paid leave and other deductions.
  • Set up profiles for new hires in the payroll system.
  • Coordinate with department heads to confirm payroll data.
  • Engage with external payroll providers for system-related issues.
  • Calculate bonuses, overtime, and commission payments.
  • Manage benefits enrollments and changes.
  • Communicate with insurance providers to update employee details.
  • Verify and process billing statements from benefits providers.
  • Remain updated on tax, payroll, and benefits regulations.
  • Conduct analyses to identify payroll discrepancies and recommend solutions.
  • Draft and maintain payroll and benefits policies and documentation.
  • Ensure the effectiveness of payroll and benefits systems.
Additional Information

Continued Payroll and Benefits Duties:

  • Conduct benchmark studies of benefits to ensure competitiveness.
  • Oversee annual benefits renewal and negotiation processes.
  • Provide training sessions on best practices for relevant teams.
  • Collaborate with management to provide insights and recommendations.
  • Ensure compliance with laws and regulations and manage audits.
  • Develop communication strategies to inform employees of changes.
Qualifications

Education:

  • Bachelor's degree in Finance, Human Resources, or a related field.

Experience:

  • 3-5 years of experience in payroll and benefits management, preferably in the banking sector.

Skills:

  • Knowledge of banking industry regulations.
  • Strong analytical and problem-solving abilities.
  • Excellent communication and interpersonal skills.

Technical Proficiency:

  • Familiarity with payroll software (ADP preferred, but other systems are acceptable).

Language Proficiency:

Bilingual in French and English.

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