Contract, Payroll & Disbursements Analyst

WORK ILLUSTRATION:

Responsible for assisting and supporting the processing of Toronto Hydro’s payroll and expense reimbursement production processes, ensuring timely and accurate payments, and performing a variety of complex and analytical duties using confidential information. This includes the preparation, processing and maintenance of payroll, pension administration, expense reimbursements and other financial disbursements for the company.

The incumbent is expected to behave ethically and follow the established code of business conduct, policies and internal control procedures, laws and regulations governing Toronto Hydro

KEY RESPONSIBILITIES:

• 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.

REQUIREMENTS:

• 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.

This position is based in a hybrid environment allowing for remote work two days per week, based on business needs. Employees will be required to come onsite Tuesday to Thursday. You are expected to live in Ontario and within reasonable commuting distance of the office. #LI-Hybrid

Thank you for considering a career with Toronto Hydro. We welcome applications from all qualified candidates. If you’re having difficulty using our online application system and require accommodation, please email hr_talent@torontohydro.com or call (416) 542-8000. Toronto Hydro is pleased to provide reasonable accommodation for qualified individuals throughout the job application process. Please note this email is for accommodation requests only. Resumes sent to this email address will not be considered. Learn more about our commitment to accessibility.