Equitable Bank is hiring a

Payroll Specialist

Toronto, Canada
Join a Challenger

Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. If you’re not afraid of taking on big challenges and redefining the future, you belong with us. You’ll get to work with people who will encourage you to reach new heights. We like to keep things fun, ask questions and learn together.
We are a big (and growing!) family. Overall we serve more than 370,000 people across Canada through Equitable Bank, Canada's Challenger Bank™, and have been around for more than 50 years. Equitable Bank's wholly-owned subsidiary, Concentra Bank, supports credit unions across Canada that serve more than 5 million members. Together we have over $100 billion in combined assets under management and administration, with a clear mandate to drive change in Canadian banking to enrich people's lives. Our EQ Bank platform (eqbank.ca) has been named the top Schedule I Bank in Canada on the Forbes World's Best Banks 2023, 2022, and 2021 lists. 

The Payroll Specialist supports the Manager, Payroll in processing all payroll functions accurately and within required timelines for Equitable Bank and its subsidiary, Bennington, utilizing the Dayforce payroll platform. The incumbent is responsible for maintaining a high level of customer service, with an emphasis on dealing with internal employees. The incumbent will be a subject matter expert and have excellent knowledge of finances including accounting principles and practices.

The Work !

  • Process the bi-weekly payroll and ensure all source deduction benefits, taxes, ESPP, RRSP and other remittances are processed on a timely basis in accordance with statutory and contractual requirements;
  • Process employee stock option exercises and tax remittances;
  • Prepare month-end commission, stock-based compensation and bonus accruals, post payroll-related journal entries and reconcile payroll accounts to the general ledger;
  • Prepare monthly payroll reports and accounting schedules, including the headcount and payroll-related budget to actual variance analysis with comments on significant variances;
  • Prepare, reconcile to the general ledger, and file all statutory required quarterly and year-end filings, including the T4/Releve 1 reporting process; and

Let’s Talk About You!

  • Have a post-secondary education in a related field
  • 3+ years of experience in managing Enterprise level payroll processing and accounting with more than 250 headcounts and above
  • 2+ years of knowledge of all aspects of payroll processing, including statutory regulations and filing requirements, employee benefits packages
  • Intermediate work experience with Microsoft Excel - Marco VBA is a strong plus
  • Preferred experience in Ceridian Dayforce, including knowledge of HRIS systems tied to the payroll system
  • Excellent organizational and time management skills
  • Excellent verbal and written communication skills, with the ability to respond in a clear, concise and professional manner
  • Effective analytical and problem-solving skills
  • Strong supervisory skills and the ability to work well in a team collaborative environment.
  • Detail-oriented with the ability to thrive in fast-paced environments with tight deadlines

What we offer [For full-time permanent roles]
💰 Competitive discretionary bonus 
✨ Market leading RRSP match program
🩺  Medical, dental, vision, life, and disability benefits
📝  Employee Share Purchase Plan
👶🏽 Maternity/Parental top-up while you care for your little one
🏝 Generous vacation policy, personal days and even a moving day 
🖥  Virtual events to connect with your fellow colleagues
🎓  Annual professional development allowance and a comprehensive Career Development program
💛  A fulfilling opportunity to join one of the top FinTechs and help create a new kind of banking experience

The incumbent will be working hybrid and in office time will be spent working from Equitable Bank’s additional office space located at 351 King Street East, Toronto, ON.
Equitable Bank is deeply committed to inclusion. Our organization is stronger and our employees thrive when we honour and celebrate everyone’s diverse experiences and perspectives. In tandem with that commitment, we support and encourage our staff to grow not just in their career path, but personally as well. 

We commit to providing a barrier-free recruitment process and work environment for all applicants. Please let us know of any accommodations needed so that you can bring your best self to the application process and beyond. All candidates considered for hire must successfully pass a criminal background check and credit check to qualify for hire. While we appreciate your interest in applying, an Equitable recruiter will only contact leading candidates whose skills and qualifications closely match the requirements of the position.
We can’t wait to get to know you! 

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