Payroll Analyst II (Payroll Accounting)

Work Location:

Hours:

Pay Details:

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidates skills and experience job-related knowledge geographic location and other specific business and organizational needs.

As a candidate you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Job Description:

The Payroll Analyst II is responsible for preparing and reconciling payroll transactions maintaining accurate records and ensuring that all payroll-related entries are correctly posted to the general ledger. This role ensures compliance with relevant tax laws and regulatory requirements supports internal and external audits and helps maintain strong internal controls. This role also generates reports for internal stakeholders and regulatory bodies analyzes payroll data for trends or discrepancies and contributes to month-end and year-end financial closings.

Depth & Scope:

• Comprehensive knowledge and understanding of the operating environment business process and procedures and transaction lifecycle for own area
• Identifies key operational / reporting / process issues
• Leads problem resolution for issues that have been escalated and/or escalates to appropriate level where further clarity or interpretation is required for higher complex policies or rules is required
• Provides thorough analysis and/or specialized reporting or operational/ process support
• Requires general understanding of the overall function and/or businesses supported
• Some complexity in operational / reporting / process and/or analysis function generally requiring a short-term focus
• May lead small scale initiatives or work stream packages for assigned area

Education & Experience:

• Undergraduate degree required
• 2 years relevant experience required
• Sound knowledge and understanding of the operating environment business process and procedures and transaction lifecycle for own area
• Requires general understanding of the overall function and/or businesses supported
• Organized self-starter with excellent analytical problem-solving and time management skills
• Detail oriented high level of accuracy and ability to work independently
• Strong communication skills both oral and written
• Strong PC skills including Microsoft Office Excel Access and PowerPoint
• Strong customer orientation interpersonal and communication skills to deal effectively with all levels of staff

Preferred Qualifications:

• Strong background in Excel experience with General Ledger processes including account reconciliations.

Customer Accountabilities:

• Weekly biweekly semi-monthly and quarterly processing of all payroll and time entries
• Completes negative gross pay calculations for payment recoveries
• Processing of garnishment and other legal withholding orders
• Acts as Tier 2/3 for Employee and People Manager inquiries
• Monthly Reconciliation of all Pension GL accounts and all Active Payroll accounts owned by the payroll team
• Biweekly Reconciliation and submission of RRSP transfers related to severance payments
• Biweekly Reconciliation and submission of Family support and Garnishment deductions Future builder and Charitable deductions for Active payrolls
• Monthly Reconciliation and submission of Family support and Garnishment deductions and Charitable deductions for Pension payrolls
• Bank account Reconciliation
• Monthly Reconciliation and entries related to all Manulife benefit deductions
• Weekly Remittance and Reconciliation of Taxes to CRA & Revenue Quebec (CIT QIT QPP CPP EI etc.)
• Monthly or quarterly Remittance and Reconciliation of Employer Health taxes to different Provinces
• APEX debit/credit rejects reconciliation and posting communication to impacted employees and Cost centre owners
• Employee Ownership Plan and SEI Reconciliation
• Stock Option Balancing and Stock Purchase
• Balancing and funding of the monthly Active and Pension Payrolls
• Expensing active payroll for the Bank
• Service Recognition shares balancing and investments
• Online Teller Posting
• Provide support to the larger Payroll team as needed
• Other accounting tasks as assigned

Shareholder Accountabilities:

• Prioritizes and manages own workload to meet SLA requirements for service and productivity
• Consistently exercises discretion in managing correspondence information and all matters of confidentiality; escalates issues where appropriate
• Be knowledgeable of practices and procedures within own area of responsibility and keep abreast of emerging trends for own functional area
• Protects the interests of the organization identifies and manages risks and escalates non-standard high-risk transactions / activities as necessary
• Conducts internal and external research projects; supports the development/delivery of presentations / communications to management or broader audience
• Conducts reporting and/or meaningful analysis at the functional or enterprise level using results to draw conclusions make recommendations assess the effectiveness of programs/ policies/ practices
• Monitors service productivity and assesses efficiency levels within own function and implements continuous process / performance improvements where opportunities exist
• Acquires and applies expertise in the discipline provides guidance assistance and direction to others
• Identifies recommends and effectively executes standard practices applicable to the discipline
• Adheres to internal policies/procedures and applicable regulatory guidelines
• Keeps abreast of emerging issues trends and evolving regulatory requirements and assesses potential impacts
• Maintains a culture of risk management and control supported by effective processes in alignment with risk appetite
• May lead work streams by acting as a project lead / subject matter expert for small scale projects / initiatives in accordance with project management methodologies

Employee/Team Accountabilities:

• Participates fully as a member of the team supports a positive work environment that promotes service to the business quality innovation and teamwork and ensures timely communication of issues/ points of interest
• Supports the team by continuously enhancing knowledge / expertise in own area and participates in knowledge transfer within the team and business unit
• Keeps current on emerging trends/ developments and grows knowledge of the business related tools and techniques
• Participates in personal performance management and development activities including cross training within own team
• Keeps others informed and up to date about the status / progress of projects and/or all relevant or useful information related to day-to-day activities
• Contributes to the success of the team by willingly assisting others in the completion and performance of work activities; provide training coaching and/or guidance as appropriate
• Contributes to a fair positive and equitable environment that supports a diverse workforce
• Acts as a brand ambassador for your business area/function and the bank both internally and/or externally

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel Occasional
• International Travel Never
• Performing sedentary work Continuous
• Performing multiple tasks Continuous
• Operating standard office equipment - Continuous
• Responding quickly to sounds Occasional
• Sitting Continuous
• Standing Occasional
• Walking Occasional
• Moving safely in confined spaces Occasional
• Lifting/Carrying (under 25 lbs.) Occasional
• Lifting/Carrying (over 25 lbs.) Never
• Squatting Occasional
• Bending Occasional
• Kneeling Never
• Crawling Never
• Climbing Never
• Reaching overhead Never
• Reaching forward Occasional
• Pushing Never
• Pulling Never
• Twisting Never
• Concentrating for long periods of time Continuous
• Applying common sense to deal with problems involving standardized situations Continuous
• Reading writing and comprehending instructions Continuous
• Adding subtracting multiplying and dividing Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are:
TD is one of the worlds leading global financial institutions and is the fifth largest bank in North America by branches/stores. Every day we deliver legendary customer experiences to over 27 million households and businesses in Canada the United States and around the world. More than 95000 TD colleagues bring their skills talent and creativity to the Bank those we serve and the economies we support. We are guided by our vision to Be the Better Bank and our purpose to enrich the lives of our customers communities and colleagues.

TD is deeply committed to being a leader in customer experience that is why we believe that all colleagues no matter where they work are customer facing. As we build our business and deliver on our strategy we are innovating to enhance the customer experience and build capabilities to shape the future of banking. Whether youve got years of banking experience or are just starting your career in financial services we can help you realize your potential. Through regular leadership and development conversations to mentorship and training programs were here to support you towards your goals. As an organization we keep growing and so will you.

Our Total Rewards Package

Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g. eligibility for cash and/or equity incentive awards generally through participation in an incentive plan) and several other key plans such as health and well-being benefits savings and retirement programs paid time off (including Vacation PTO Flex PTO and Holiday PTO) banking benefits and discounts career development and reward and recognition. Learn more

Additional Information:
Were delighted that youre considering building a career with TD. Through regular development conversations training programs and a competitive benefits plan were committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development
If youre interested in a specific career path or are looking to build certain skills we want to help you succeed. Youll have regular career development and performance conversations with your manager as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities. Whether you have a passion for helping customers and want to expand your experience or you want to coach and inspire your colleagues there are many different career paths within our organization at TD and were committed to helping you identify opportunities that support your goals.

Training & Onboarding
We will provide training and onboarding sessions to ensure that youve got everything you need to succeed in your new role.

Interview Process
Well reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex sexual orientation gender identity national origin age disability status as a protected veteran or any other characteristic protected under applicable federal state or local law.

If you are an applicant with a disability and need accommodations to complete the application process please email TD Bank US Workplace Accommodations Program at . Include your full name best way to reach you and the accommodation needed to assist you with the applicant process.