Pension Payroll Specialist Hybrid
Pension Payroll Specialist Hybrid
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Job Description
Pension Payroll Specialist (Hybrid)
The Ontario Pension Board (OPB) administers the Public Service Pension Plan (the PSPP) a major defined benefit pension plan sponsored by the Government of Ontario.
With 100000 members and $34 billion in assets the PSPP is one of Canadas largest pension plans.
It is also one of the countrys oldest successfully delivering the pension promise since the early 1920s. Learn more about OPB.
Reporting to the Manager Pension Payroll the Pension Payroll Specialist will be responsible for the timely accurate and confidential handling of Global pension payroll to all OPB retired members clients nonresidents and residents (approx. 42000 plus clients and $130 million) primarily processing the offcycle payrolls (minimum of 2 times a month) and back up to the other payroll runs. You will ensure the accuracy of associated tax withholdings based on their country of residence health benefits deductions and regulatory reporting impacts for both nonresident and resident clients. Additionally you will ensure alignment between OPBs client systems and the thirdparty payroll vendors and government agencies. You will handle all government reporting and calculations related to these tasks that include but not limited to expense reports and other accounting functions for the organization while ensuring that regular reporting is done on a consistent and accurate basis.
Key Responsibilities:
Prepare and process two weekly payroll runs (offcycle payroll runs) per month after the monthly payroll run. Additional weekly runs upon request. Payrolls consist of minimum of four Pension companies that include 15 or more subgroups
Support the analysis of preliminary output (prepayroll) to ensure payroll amounts are consistent with expectations and agree with client systems.
Work with IT to ensure that any data discrepancies are addressed and corrected.
Support the analysis of payroll creating a preliminary breakdown of the payroll components for reconciliation and journal entry to feed to the accounting system.
Prepare process and maintain regular special and supplemental payrolls to ensure pension payments are accurate and timely.
Review payroll processing for accuracy identify discrepancies make corrections and resolve problems as necessary.
Book payroll journal entry.
Process the monthly payrolls as required to back up Pension Payroll lead.
Partner with the Pension Payroll Lead to develop and implement controls policies and procedures to ensure payroll activities are compliant with legislation and business policies.
Partner with the Payroll Lead to develop and implement payroll and benefits processing and administration structure.
Partner with the Pension Payroll Lead to manage the preparation and ensure the accuracy of periodic payroll tax filing and remittances through ADP.
Manage the payroll data and ensure accuracy and compliance with company and government regulations.
Assist in yearend preparations including the development of the pension payroll payroll calendars.
Support pension payroll activities including payroll submission government remittance and regulatory compliance record keeping and tax slips amendments.
Prepare various payroll and management reports and support Finance with reconciliation of pension payroll data.
Conduct various payroll tax analyses account maintenance audit/actuarial support analyses.
Perform monthly payroll analytics for client services area; preparing various payroll data regularly including monthly weekly annually and on demand basis participating in the generating scheduling validation and circulation of all production system reports etc.
Support projects involving pension payroll administration payroll processing and various operational tasks
Key Qualifications:
Completion or working towards the completion of a professional designation such as Payroll Compliance Practitioner (PCP) or Payroll Leadership Professional (PLP).
A minimum 23 years experience in the processing of a Canadian payroll for a medium size organization.
Knowledge and understanding of Pension payroll requirements and relevant provincial tax and regulations is an asset.
Experience and familiarity working with ADP payroll system or equivalent.
Thorough understanding and knowledge of federal and provincial remittance requirements.
Good organization planning and analytical skills; good project management skills.
Driven and results oriented focused and disciplined attention to detail; ensuring accuracy and completeness of work. Highly organized to manage multiple tasks and deadlines.
Solid written and verbal communication skills with the ability to effectively interact and communicate with all levels of employees internal and external partners as applicable.
A peoplefirst focus with a desire to develop meaningful positive relationships across all levels. Excellent interpersonal skills and a desire to drive conversations speak candidly and listen thoughtfully.
Demonstrated ability to maintain confidentiality and data integrity; handles confidential issues professionally and with the utmost discretion.
Working knowledge of HRIS and payroll systems is an asset.
Proficient in the use of Microsoft Windows including Excel Word Outlook etc.
Demonstrated experience in performing Intermediate data manipulation using Microsoft Office Suite skills including Excel Word PowerPoint lookups pivot tables etc.
Ability to run various reports present information in a readable format.
Adaptable to changes within the payroll function at the organization the job and work environment.
Highly collaborative and delivers work independently and through others.
Ability to learn quickly with the flexibility to adapt to change easily adaptive to modern technologies.
Please submit your resume if you are interested in this exciting opportunity.
The competition will remain open until a successful candidate is selected or until the competition is closed.
OPB is committed to providing accommodation for people with disabilities in its recruitment process.
Please advise OPB if you require an accommodation and we will work with you to meet your needs.
OPB is committed to fostering a culture of diversity equity and inclusiveness that reflects the diverse communities we serve.
We welcome and encourage applications from those who may contribute to the further diversification of ideas.
Candidates being considered for this position will be required to submit to a background screening.
We thank all applicants however only those selected for an interview will be contacted.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
