Specialist, Payroll
Magna International
Aurora, ON-
Number of positions available : 1
- Salary To be discussed
- Published on February 25th, 2025
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Starting date : 1 position to fill as soon as possible
Description
Job Responsibilities:
The Payroll Specialist will be responsible for the full cycle processing of assigned Canada and/or US payrolls including participating in year-end activities, 3rd party remittances, garnishment set up, payroll journal entries.
Your Responsibilities
Payroll Responsibilities
- Prepare and process assigned Canada and US payroll(s) on a weekly and bi-weekly basis for hourly and salaried employees in union and non-union environments which can include garnishment processing, incentive payouts, and deferred incentive payments, stock options, hypo tax, shadow payroll reporting, and pension payrolls
- Balance assigned payrolls based on year-end calendars, participate in audit of other payrolls as assigned
- Initial Garnishment set up
- Prepare and reconcile 3rd party remittances as defined by due dates
- Maintain accurate and up-to-date payroll records
- Complete year end balancing, filing and delivery of T4s and/or W2s, complete yearend tax form amendments as required
- Preparing monthly, quarterly and annual reporting as required by various internal/external stakeholders such as Finance and Operations and Statutory Reporting as assigned
- Prepare payroll journal entries, reconcile payroll general ledger accounts as requested
- Maintain complete and accurate Division notes and processing instructions (run books)
General Responsibilities
- Support questions received in a manner that ensures employee satisfaction
- Participate in systems implementations related to payroll by defining requirements, participate in preparing test plans, and documenting test results
- Document and maintain processing instructions (run books) and maintain checklists for payroll processing
- Excellent problem-solving skills, and high level of attention to detail and accuracy
- Strong organizational skills and ability to handle and prioritize multiple tasks to meet deadlines
Who we are looking for
- 3 to 5 years processing large scale US and Canada payroll (2500+ employees)
- Expatriate/commuter payroll exposure is considered an asset
- Active PCP or FPC Designation or willingness to obtain designation
- Advanced Excel skills for reporting, metrics and data validation
- Strong planning and organizational skills with proven ability to manage competing priorities, maintain sensitive and highly confidential information
- Very detailed oriented with a superior track record of achieving high quality results
Requirements
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