Manager, Payroll and Compensation

Momentum Financial Services is a leading provider of financial services in North America. For 40 years, we've been committed to providing financial solutions that meet the evolving needs of consumers and business owners. Through our retail network of over 400 locations, known as Moneymart, Insta Cheques and the Cheque Cashing store, we provide access to cash and related products to help our customers achieve their goals.

Our highly skilled workforce puts customers first in everything we do. We serve 2 million people annually with diverse and innovative financial products such as loans, cheque cashing, money transfer and prepaid cards. Through this ever-evolving suite of services, we empower customers to manage their finances and improve their lives. Wherever customers are on their financial journey, Momentum Financial Services Group provides solutions.

#Corporate

Job Description

GENERAL FUNCTION

This position manages the payroll and compensation department and helps with processing payroll for US & Canada. Position requires intense concentration and attention to detail to sustain and model the highest level of accuracy. The Payroll Manager manages two (1) Payroll Administrator and contributes to team effort by accomplishing related results as needed. Completes operational requirements by working with the Payroll Administrator to ensure they understand their goals and objectives, providing regular feedback, and following up to ensure the work is done accurately and effectively. Maintains payroll guidelines by writing and updating policies and procedures. Balances the payroll accounts by auditing and resolving payroll discrepancies.

DUTIES/RESPONSIBILITIES

• Assist in the administration of global compensation plans including base and variable pay.
• Interface with business partners regarding compensation policies, practices, and communications.
• Complete and submit salary surveys and utilize the results to develop and update external salary offers, salary structures, equity studies, etc.
• Assist in determining FLSA classification status to ensure compliance with federal regulations.
• Prepare reports, presentations, communications, and documentation as required.
• Assist in the administration of the annual compensation review process (Point in Time Review Cycle).
• Provide recommendations to resolve compensation related issues.
• Provide compensation analysis and data management support.
• Reconcile general ledger, balance sheet account and journals.
• Partner with Payroll Vendor, HRIS (Workday), and Benefits Manager to ensure that Payroll runs smoothly.
• Oversee distribution of paychecks and balance payroll runs.
• Oversee payroll and direct deposit distribution.
• Develop summary reports for payroll and deduction.
• Oversee W-2 process for all employees.
• Direct the audits of bank balances and payroll summaries.
• Manage payroll reconciliation of 401(k), deferred compensation and other compensation related programs
• Manage the coordination of payroll functions.
• Liaise with other departments and upper management.
• Audit Payroll Reporting on a bi-weekly basis for US and Canada ensuring all Business Partners entries are completed and reflects on employees payroll correctly.
• Recommend changes in Payroll policies and procedures to continue to improve inefficiencies with the department.
• File Online Monthly, Quarterly and Yearly Provincial EHT and Worksafe online. Working closely with Accounting Department to ensure payments are processed.
• Ensure accurate/complete employee labor and payroll records/reports in accordance w/ company policy and labor regulations.
• Ensure federal, state and local income and unemployment tax compliance with Workday and all authoritative bodies. 
• Ensure year-end process is completed and employee tax documents are issued on-time and accurately. This includes reviewing quarterly/annual wage and tax reports for accuracy, correcting employee wages and/or taxes using OOS or adjustment payrolls and previewing tax documents to ensure they are correct.
• Various projects and tasks related to compensation and benefits administration and reconciliations
• Other duties as requested. 

Qualifications

EDUCATION

• BS/BA in Finance, Accounting or related field required
• MBA, CPA, CPP or CMA, plus payroll related certifications

EXPERIENCE

• Minimum 5-7 years of payroll experience
• Exceptional technical knowledge of US and Canadian Payroll
• 5+ yrs. management experience
• Experience in Employee Benefits a plus
• Experience with a variety of payroll systems
• Experience with Workday as an HRIS system
• Experience with a multi-site, multi-state employer required

SKILLS

• Must be a team player with an attitude toward excellence in customer service
• Solid understanding of financial controls and payroll processes
• Skilled in facilitation, problem solving and conflict resolution
• Strategic leader with high energy, and result orientation
• Strong customer focus with ability to build effective relationships and establish trust, respect, and confidence
• Above average computer skills using Microsoft suite of products, especially Excel
• Experience using Workday
• Ability to quickly and creatively analyze and provide solutions to complex challenges
• Unquestionable ethics and integrity with assertiveness, presence, and self-confidence
• Above average project and time management skills. Able to balance multiple projects and pressures while meeting the fixed deadlines associated with running both US and Canadian payrolls
• Must be extremely detail oriented

Additional Information

All your information will be kept confidential according to EEO guidelines.

*Notice to Ontario Applicants – Momentum Financial Services Group is committed to accommodating applicants with disabilities up to the point of undue hardship during the recruitment, assessment, and selection process. If you are selected for an interview, please notify Momentum Financial Services Group if you require accommodation in respect of the materials or procedures used at any time during this process. If you require accommodation, we will work with you to determine how to meet your needs.

Note to Internal Applicants: All internal applicants are required to notify current manager regarding interest in applying for this role.