Contract, Payroll & Disbursements Analyst

• Processes and assists in coordinating timely and accurate payroll for unionized and non-unionized employees to ensure employees are paid on time in accordance with applicable collective agreements and legislation.
• Evaluates payroll system controls and supports trouble shooting any system problems.
• Assists in development, testing and implementation of changes to the payroll and/or expense systems in response to statutory and negotiated changes
• Provides support to employees on payroll or expense related issues
• Performs timely remittances to Government Agencies as required and prepares annual reporting such as T4s, 119s, and other reconciliations on an annual basis.
• Interprets legislation (Employment Insurance Act, Income Tax Act, Employment Standards Act and Wages Act) and applies to payroll processing as required.
• Administers the OMERS pension plan for all eligible employees including hires, terminations, disability, and leaves of absence.
• Review and analyze employee expense submissions based on policy guidelines and internal controls
• Conducts bi-weekly and year-end reconciliations and analysis.
• Designs standard operating procedures for new and complex situations arising from organizational changes related to the payroll and general disbursements system.
• Applies judgment to these situations in determining the critical processes and data elements, while identifying and mitigating risk factors.
• Works with internal (i.e. Information Technology, Time Systems, Human Resources) and/or external vendors, supports system enhancements, testing and troubleshooting.
• Monitors and verifies the quality and integrity of source data.
• Provides timely and accurate month-end and year-end support related to regular financial cycles.
• This includes preparation of journal entries, account reconciliations, and variance/ gap analysis.
• Gathers, organizes, and analyzes data to support departmental/divisional and/or finance management systems and objectives.
• Executes reporting to support daily/weekly/monthly management system requirements (cyclical) and ad-hoc requests.
• Reports on departmental Key Performance Indicators (KPI's). Conducts data gathering and gap analysis and creates dashboards for better data visualization.
• Liaises with stakeholders to collect required data for reporting and provides data to stakeholders as requested.

• Bachelor's/Undergraduate Degree in Business Administration, Finance, Commerce, Social Sciences, or related field.
• Payroll Compliance Practitioner (PCP) or Payroll Leadership Professional (PLP)/Certified Payroll Manager (CPM) designation preferred.
• Three (3) years of experience with payroll processing. Complex and unionized environments strongly preferred.
• Good knowledge of ERP system functionality - incumbent is expected to become an expert in this area.
• Familiarity with regular financial reporting cycles.
• Knowledge of payroll related legislation is an asset.
• Problem solving and decision-making skills.
• Strong verbal and written communication skills.
• Strong Excel and report writing skills.
• Has a clear sense of corporate direction and expectations, hold self and others accountable to achieve objectives.
• Models customer-focused approach in all decision and actions.
• Invests in innovation, continuous improvement, and productivity as essential drivers of long-term sustainability.

Toronto Hydro