Sr. Payroll Advisor

MCAP at a Glance

JoiningMCAP means you will be a part of our diverse workforce of highly talented individuals who are recognized for their expertise and success! At MCAP, your professional expertise, commitment to teamwork and passion for service excellence are recognized and rewarded with competitive total rewards offering,a career with continuous learning and development (formal & informal training), and exciting opportunities in a dynamic, entrepreneurial environment.

The Role
The Senior Payroll Advisor is accountable for the accurate and timely delivery of payroll, including legislated deductions, payroll related payments, payroll accounting, reconciliations, and analytical reporting to support financial and business requirements.

Execute end to end semi monthly payroll processing for approximately 750 multi provincial Canadian employees, ensuring accuracy, timeliness, and compliance while working collaboratively within the payroll team

Conduct regular payroll system audits, including master data reviews and workflow approvals, to ensure data integrity and compliance with internal controls

Monitor and manage the shared payroll mailbox, providing timely responses to inquiries and resolving payroll issues in accordance with service standards

Perform full cycle benefits administration, including RRSP-DPSP/TFSA programs and benefits enrollment, partnering with third party vendors

Manage benefits billing, reconciliation, and variance analysis, resolving discrepancies and ensuring financial accuracy and executive decision making

Ensure accurate calculation and processing of all payroll deductions, including statutory deductions, garnishments, family support, benefits, and retirement programs

Prepare and issue Records of Employment, and T2200 forms, while serving as a subject matter expert to resolve complex payroll inquiries and discrepancies

Partner with employees on maternity and parental leave to review benefit continuance schedules,



clarify payment obligations, and respond to benefit related inquiries

Prepare and deliver accurate monthly payroll headcount reports to support financial and management reporting

Support year end payroll activities, including reconciliations, T4 preparation and distribution, and collaboration within payroll team to troubleshoot system issues

Prepare payroll journal entries, general ledger reconciliations, government remittances, and quarterly and annual filings

Perform internal payroll and timesheet audits to ensure ongoing accuracy, compliance, and adherence to legislative and organizational requirements

Identify, recommend, and implement continuous improvement initiatives to enhance payroll efficiency, controls, and employee experience

Provide trusted guidance and advisory support to employees and managers on payroll, benefits, and leave management matters

What You Bring To The Team

Minimum of 5 years of experience processing payroll in a mid-sized organization

Payroll Compliance Practitioner (PCP) designation

Advanced knowledge of payroll software. Experience with UKG (Ultimate Kronos Group) payroll and workforce management systems is an asset

Demonstrated experience and understanding of RRSP-DPSP/TFSA and Health/Dental benefit program administration

Advanced Microsoft Office skills

Payroll Accounting experience an asset

Strong detail orientation with strong analytical and problem-solving skills

Excellent organizational and time management skills





Confident with the ability to communicate effectively and build credibility with stakeholders at all levels

Self-motivated with the ability to take initiative, be proactive and resourceful

Positive spirit with a “get ‘er done” attitude and ability to thrive in a very dynamic setting

Carries out duties with integrity and takes responsibility for actions

Be A Part Of Something Great
MCAPis Canada’s largest independent MortgageFinance company withover $150 billion in assets under management providing mortgage solutions forresidential and commercial properties. For over 35 years,MCAP originates, trades, securitizes and services mortgages in offices acrossCanada. MCAP originates residential mortgages exclusively through the mortgagebroker channel as we believe that a professional mortgage broker is aconsumer's best option and MCAP actively promotes the services of mortgagebrokers across the country. MCAP is also a leader in the Canadian residentialconstruction lending market with over 25 years in the business. Our teams ofdedicated professionals serve a variety of developer, construction and lenderclients across Canada.

Position #: req2280

Employment Status: Permanent Full Time

Location: Toronto; Ontario

Number Of Openings: 1

Department: Human Resources

Internal Job Title: Sr. Payroll Advisor

Salary Range: $75,000 - $85,000

The above information in this description has been designed to indicate the general nature and level of work performed by employees in the position. It is not designated to contain a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.

MCAP provides equal opportunities for all applicants and is committed to fostering an inclusive, accessible environment, where all employees feel valued, respected and supported throughout the recruitment and employment process. If you require accommodation, we will work with you to meet your needs.

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📌 Sr. Payroll Advisor (Ontario)
🏢 MCAP Group of Companies
📍 Ontario