Sr. Payroll

1 month ago

Toronto, Canada Financeit Full time

Who are we?

Financeit is a rapidly-growing fintech and enterprise services company serving some of the largest home improvement and retail organizations in the United States and Canada, and we are looking for a Sr. Payroll & Benefits Specialist to join our team.

Financeit offers a comprehensive suite of tools and technologies designed to simplify complex sales transactions for businesses and their customers. Our point-of-sale financing platform helps businesses of any size close more sales by offering customers affordable monthly payment options for their next big home improvement, vehicle or retail purchase.

We’re a diverse and dynamic company with an open office environment that’s seeking the best and brightest. Financeit is small enough that you can make an impact within the company, and large enough to make an impact in the market. As focused as we are on creating unique, category-defining products, we are also building a distinct and inclusive culture.

About the role:

As the Sr. Payroll & Benefits Specialist you will be responsible for the timely and accurate delivery of payroll and benefits services. You have strong attention to detail, are very organized and are customer-service focused. This is an exciting opportunity for someone looking to utilize and expand their skills and be a part of a fun and growing company for 12 months

What you'll do:

Payroll Administration

  • Manage disbursement of Canadian payroll of 350+ employees, in compliance with all applicable laws.
  • Act as back up for US payroll (for 50+ employees). 
  • Implement appropriate payroll process and control (e.g. checks and balances) to ensure 100% completeness and accuracy of all payroll related activities.
  • Ensure payroll is administered in accordance with accounting and payroll principles, policies and procedures, and legislated requirements.
  • Ensure accurate and timely processing of new hires, transfers, promotions, terminations, leaves and salary changes.
  • Review payroll and RSP summaries for accuracy and completeness, complete reconciliation; initiate corrective action, as required.
  • Ensure system accuracy and integrity through data entry, regular audits, problem-solving, and proactive monitoring and troubleshooting.
  • Collaborate with cross-functional teams, including HR, Finance, Sales, and Operations, to enhance payroll efficiency.
  • Responsible for the timely and accurate entry of HR & payroll data into HRIS after each pay run.

Year- End

  • Ensure 100% complete and accurate year-end processing including but not limited to processing T4s and preparing T2200s to staff.
  • Complete and submit all the required year end reporting such as CNESST, EHT, and RL1.

Benefits & RRSP/401K Administration:

  • Lead administration of Group Benefits programs internally.
  • Manage Financeit’s Group RSP program and act as backup for 401K benefits  in the US.
  • Coordinate enrolments, terminations, salary updates – ensure employee records and benefit files are maintained and updated.
  • Manage all leave of absences including Financeit’s parental leave top up program.

Requirements

What you will need to succeed:

  • 4+ years of experience in Canadian payroll management/administration and previous experience with benefits administration.
  • Experience in year-end processing activities (T’4’s, T2200’s, reporting, audits etc.).
  • PCP designation is an asset.
  • US payroll and benefits administration experience is an asset.
  • Proficiency with various systems, preferably Ceridian.
  • Intermediate Excel skills and proficiency with Microsoft Office and/or G Suite.
  • In-depth knowledge of provincial and federal legislations and payroll accounting practices.
  • Knowledge of income tax forms, health benefits programs, sick pay, benefit and retirement plans etc.
  • Must be able to handle confidential information in an ethical and professional manner.
  • Strong attention to detail and ability to work and deliver with a high degree of accuracy under tight deadlines.
  • Strong people skills- Friendly and welcoming attitude towards all employees and stakeholders.

Benefits

Certified as one of Canada’s Most Admired Corporate Culture from 2021-2023, we offer more than just the basics. Take advantage of:

  • An award-winning culture with a collaborative & inclusive team
  • Committed to flexible work arrangements, offering hybrid workplace options
  • In office massage, meditation & workout sessions
  • Virtual events such as Lunch & Learns, company parties, fun team activities and charity initiatives

**Please note that this role does not offer health benefits.

Next Steps:

If what you just read excites you, we’d like to hear from you Please submit your application and we’ll contact you if you become selected for a phone interview.

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

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