Payroll Specialist

WHO WE ARE
HomeEquity Bank is a Schedule 1 Canadian chartered bank and the leading national provider of reverse mortgages, with a growing portfolio. As the only bank solely dedicated to serving homeowners 55 and up, we’re passionate about helping Canadian homeowners live retirement on their terms. We live that commitment every day, with a range of reverse mortgage solutions that include our flagship CHIP Reverse Mortgage product.
OUR VALUES, OUR PASSION
At HomeEquity Bank, our values drive and inspire our actions with our customers, our partners and each other.
- Customer-Focused. Passionate Advocates
- Courage to Act. Do the Right Thing
- One Team. One Vision
- Think Long-Term. Ever-Evolving
- Be Exceptional. Inspire Greatness

The Payroll Specialist role holds primary accountability for the effective functioning of all payroll and benefits-related processes for the Bank. It ensures the accuracy of Payroll related programs in the system of record (Workday), and actively participates in various projects and initiatives.
MAJOR ELEMENTS OF THE ROLE
**Payroll**:

- Coordinates and administers all facets of the semi-monthly payroll process, as per company and legislative requirements.
- Ensure appropriate capture of ongoing commission payments, sales bonuses, expense reimbursements, and taxable benefits
- Confirm data accuracy and ensure data integrity; investigate and resolve payroll issues; manage risks arising from day-to-day activities, to promote consistent execution of processes and risk management activities
- Prepare and remit third party payments, including garnishments
- Prepare Journal entries for Finance
- Complete all year end filings including preparation of T4, Revele-1, T2200s, other government filings.
- Provide required documentation and samples to external Auditors on Payroll audits
- Process annual Corporate Bonus payments, including employee GRSP elections from bonus
- Process employee benefit deductions and taxable benefits on Workday profiles
- Processing off cycle payroll requirements for hiring, orientation and terminations.
- Process leaves of absence in Workday and complete manual adjustments as required (ie. short term disability, maternity & parental)
- Calculate appropriate withholdings and deductions for employer specific programs (eg RRSP).

**Benefits Administration**:

- Coordinate the Employee Benefit enrolment process including completing the employee sign-up, by adjusting and updating employee records in the system of record for transfer to Manulife (both GB and GRSP).
- Routine auditing and reviewing benefit eligibility reports for errors or inconsistencies
- Investigate and resolve employee benefit and payroll issues, by engaging external benefits providers as necessary

SKILLS AND EXPERIENCE REQUIRED
**Qualifications and Technical Expertise**:

- Progressive experience administering Payroll
- Payroll Compliance Practitioner Designation
- Experience with Workday HCM/Payroll
- Sound knowledge of MS-Office suite, Excel in particular
- A University Degree or post-secondary education equivalent to a College diploma
- Demonstrated understanding of Federal and Provincial employment Legislation and practices

**Attributes**:

- Highly detail-oriented and strong organizational skills
- Strong verbal and written communications skills, and an ability to handle confidential and difficult issues with tact and sensitivity
- Self-starter, with the ability to show initiative and work independently

**Working Conditions Unique to Job**:

- Hybrid home/office work environment

WHY WORK AT HOMEEQUITY BANK?
Great Environment
HomeEquity Bank offers a hybrid working environment supported with a culture of flexibility - an approach that is unique to each person, and that enables both business and individual needs to be met in a mutually beneficial way.
We pride ourselves in recognizing and celebrating performance, community service, teamwork, and diversity among our employees.
A Dynamic Culture - With People at the Centre
We believe our people make all the difference; our tireless commitment to inclusivity, professional development, and employee experience has been recognized through awards including the Greater Toronto’s Top Employers 2024,Waterstone Canada's Most Admired Corporate Cultures 2022-2023, the Globe and Mail's Report on Business: Canada's Top Growing Companies 2022 (third year since 2019), Canadian's Mortgage Professional (CMP) Top Mortgage Employer 2023 for the third year in a row and Achievers Top 50 Most Engaged Workplaces 2023.
Growth and Opportunities
We provide challenging and rewarding careers in a wide variety of fields. We continuously develop and train our employees through professional growth opportunities and on-the-job training. We also encourage our employees to develop professionally and personally though a series of career developing programs including our Educational Assistance Program, designed to reimburse costs related to professional learning and development.
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