Payroll Specialist

50943-Toronto-Rotation5 months

Hiring salary range: $3,837.88 - $4,082.86 / bi-weekly

Hydro One is proud to be the largest electricity transmission and distribution provider in Ontario, serving nearly 1.5 million customers. We have a long history in the industry with our roots dating back over 110 years to 1906. Since then, we have worked to grow and evolve to meet the changing needs of our customers and communities across Ontario. Today, we’re focused on providing exceptional customer service and ensuring we are building safe communities where we live, work and play.

It’s an exciting time to join the team at Hydro One!

Perform payroll processing services for employees, pensioners, and BOD, etc. including inputting, updating, and maintaining various computer systems. Process payroll activities in accordance with payroll processing procedures, collective agreements, HR policies, and internal controls to ensure accuracy, integrity, and confidentiality of data. Maintain and produce remittances/reports and distribute information as needed and to working collaboratively within the team.

• Prepare and process day-to-day payroll including all activities related to pay exits.
• Run and review required validation and audit reports throughout Payroll processing.
• Monitor the over payment process, by conducting analysis and resolving pay issues.
• Monitor and review pay exits.
• Process and validate on-cycle and off-cycle gross to net calculations.
• Special payment processing as required.

• Handle Payroll inquiries per required SLAs.

• Verify, audit, and reconcile all deductions and payments and run required reports.

• Run pay complete and settlement processes (e.g., journal entries).
• Request Payroll account funding from Treasury.
• Provide standard payroll reports in electronic format to other functions as may be reasonably requested.

• Document all reporting entities, prepare tax remittance/filings, perform tax reporting/remittance processes, prepare regulatory specific returns, file tax amendments, monitor Payroll tax filing regulatory changes etc.
• Generate and send regulatory remittances.

• Reconcile and balance pay results on a periodic basis for year-end reporting.
• Review, audit, prepare, and distribute year end statements (T4, T4-A, RL-1, RL-2, etc.).
• Support Payroll data pulls required for Payroll reconciliations.

• Deliver payroll services in compliance with federal, provincial, and territorial legislation.
• Generate variance/change reports to conduct quality control reviews or at the request LOBs and compare to the appropriate data sources to ensure the integrity, accuracy, and consistency of payroll data flow.

• Prepare remittances and account reconciliations.
• Analyze payroll data to ensure it is posted correctly to the GL and reconciled to reports/remittances.
• Prepare job costing and payroll journal entries.
• Support payroll audits to ensure payroll compliance.
• Complete quarterly, annual, and ad hoc legislative report requirements.
• Review the Payroll accounting function by proposing enhancements of accounting procedures.
• Support Payroll verifications and audits.
• Coordinate payroll reconciliation and audit efforts lead by Payroll/Finance, coordinate teams and data request within Payroll.

• Advocate for and participate in continuous improvement., identify possible trends, risks, and business improvements.

• Support special projects in support of various payroll initiatives.
• Perform other duties as required.

• Requires a knowledge of accounting and payroll principles related to payroll processing.
• Requires a Payroll Compliance Practitioner (PCP) designation. This knowledge is considered to be normally acquired either through the successful completion of Grade XII in a Secondary, Commercial or Technical School plus a two-year course of concentrated study obtained in a Community College or by having the…