Compensation and Benefits Supervisor

4 weeks ago

Toronto, Ontario, Canada Financeit Full time

About Us:

Financeit is a fast-growing financial technology and enterprise services firm that partners with some of the largest home improvement and retail companies across the United States and Canada. We are currently seeking a Payroll & Benefits Manager to enhance our dedicated team.

At Financeit, we provide a robust array of tools and technologies aimed at streamlining intricate sales transactions for businesses and their clientele. Our point-of-sale financing platform empowers businesses of all sizes to increase sales by offering customers manageable monthly payment options for significant purchases.

We pride ourselves on being a diverse and dynamic organization with an open office culture, striving to attract top talent. While we are small enough for you to make a noticeable impact, we are also large enough to influence the market. Our commitment to developing unique, category-defining products is matched by our dedication to fostering a distinct and inclusive workplace culture.

Role Overview:

In the capacity of Payroll & Benefits Manager, you will oversee the precise and timely delivery of payroll and benefits services, while also providing administrative support to our People Success team. Your strong attention to detail, organizational skills, and customer service orientation will be essential in this role. This position presents an exciting opportunity for an individual eager to leverage and broaden their expertise within a vibrant and expanding company.

Key Responsibilities:

Payroll Management:

  • Oversee the distribution of payroll for over 350 Canadian employees, ensuring compliance with all relevant laws.
  • Serve as a backup for US payroll operations for more than 50 employees.
  • Establish and implement payroll processes and controls to guarantee 100% accuracy and completeness of payroll activities.
  • Administer payroll in accordance with accounting principles, policies, and legal requirements.
  • Ensure timely processing of new hires, transfers, promotions, terminations, leaves, and salary adjustments.
  • Review payroll and RSP summaries for accuracy, conduct reconciliations, and initiate corrective actions as necessary.
  • Maintain system accuracy and integrity through data entry, regular audits, and proactive monitoring.
  • Collaborate with cross-functional teams, including HR, Finance, Sales, and Operations, to improve payroll efficiency.
  • Ensure accurate entry of HR and payroll data into the HRIS following each pay cycle.

Year-End Responsibilities:

  • Guarantee complete and accurate year-end processing, including T4s and T2200s for staff.
  • Complete and submit all required year-end reports such as CNESST, EHT, and RL1.

Benefits and Retirement Plan Administration:

  • Lead the internal administration of Group Benefits programs.
  • Manage Financeit's Group RSP program and serve as backup for 401K benefits in the US.
  • Coordinate enrollments, terminations, and salary updates, ensuring employee records and benefit files are current.
  • Oversee all leave of absence processes, including the parental leave top-up program.

Qualifications:

What You Will Need:

  • A minimum of 4 years of experience in Canadian payroll management and benefits administration.
  • Experience with year-end processing activities (T4s, T2200s, reporting, audits, etc.).
  • PCP designation is advantageous.
  • Preferred experience in US payroll and benefits administration.
  • Proficiency with various systems, ideally Ceridian.
  • Advanced skills in Excel and proficiency in Microsoft Office and/or G Suite.
  • Thorough understanding of provincial and federal legislation and payroll accounting practices.
  • Knowledge of income tax forms, health benefits programs, sick pay, and retirement plans.
  • Ability to handle confidential information ethically and professionally.
  • Strong attention to detail and capability to deliver high accuracy under tight deadlines.
  • Excellent interpersonal skills with a friendly and welcoming demeanor towards all employees and stakeholders.

Benefits:

Recognized as one of Canada's Most Admired Corporate Cultures in 2021 and 2023, we offer more than just standard benefits. Enjoy:

  • An award-winning culture with a collaborative and inclusive team.
  • Flexible work arrangements, including hybrid workplace options.
  • In-office wellness activities such as massage, meditation, and workout sessions.
  • Virtual events including Lunch & Learns, company gatherings, team-building activities, and charitable initiatives.

Next Steps:

If you find this opportunity aligns with your career aspirations, we encourage you to submit your application. We will reach out to candidates selected for a phone interview.

Financeit is an equal opportunity employer. Accommodations are available upon request for candidates participating in all aspects of the selection process.

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