Payroll Analyst II (Payroll Accounting)

Work Location:

Portland, Maine, United States of America

Hours:

40

Pay Details:

$25.75 - $38.50 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Line of Business:

Human Resources

Job Description:

The Payroll Analyst II is responsible for preparing and reconciling payroll transactions, maintaining accurate records, and ensuring that all payroll-related entries are correctly posted to the general ledger. This role ensures compliance with relevant tax laws and regulatory requirements, supports internal and external audits, and helps maintain strong internal controls. This role also generates reports for internal stakeholders and regulatory bodies, analyzes payroll data for trends or discrepancies, and contributes to month-end and year-end financial closings.

Depth & Scope:

• Comprehensive knowledge and understanding of the operating environment, business process and procedures, and transaction lifecycle for own area
• Identifies key operational / reporting / process issues
• Leads problem resolution for issues that have been escalated, and/or escalates to appropriate level where further clarity or interpretation is required for higher complex policies or rules is required
• Provides thorough analysis and/or specialized reporting or operational/ process support
• Requires general understanding of the overall function and/or businesses supported
• Some complexity in operational / reporting / process and/or analysis function generally requiring a short-term focus
• May lead small scale initiatives or work stream packages for assigned area

Education & Experience:

• Undergraduate degree required
• 2+ years relevant experience required
• Sound knowledge and understanding of the operating environment, business process and procedures, and transaction lifecycle for own area
• Requires general understanding of the overall function and/or businesses supported
• Organized self-starter with excellent analytical, problem-solving and time management skills
• Detail oriented, high level of accuracy and ability to work independently
• Strong communication skills, both oral and written
• Strong PC skills including Microsoft Office, Excel, Access and PowerPoint
• Strong customer orientation, interpersonal and communication skills to deal effectively with all levels of staff

Preferred Qualifications:

• Strong background in Excel, experience with General Ledger processes, including account reconciliations.

Customer Accountabilities:

• Weekly, biweekly, semi-monthly and quarterly processing of all payroll and time entries
• Completes negative gross pay calculations for payment recoveries
• Processing of garnishment and other legal withholding orders
• Acts as Tier 2/3 for Employee and People Manager inquiries
• Monthly Reconciliation of all Pension GL accounts, and all Active Payroll accounts owned by the payroll team
• Biweekly Reconciliation and submission of RRSP transfers related to severance payments
• Biweekly Reconciliation and submission of Family support and Garnishment deductions, Future builder and Charitable deductions for Active payrolls
• Monthly Reconciliation and submission of Family support and Garnishment deductions, and Charitable deductions for Pension payrolls
• Bank account Reconciliation
• Monthly Reconciliation and entries related to all Manulife benefit deductions
• Weekly Remittance and Reconciliation of Taxes to CRA & Revenue Quebec (CIT, QIT, QPP, CPP, EI, etc.)
• Monthly or quarterly Remittance and Reconciliation of Employer Health taxes to different Provinces
• APEX debit/credit rejects reconciliation and posting, communication to impacted employees and Cost centre owners
• Employee Ownership Plan and SEI Reconciliation
• Stock Option Balancing and Stock Purchase
• Balancing and funding of the monthly Active and Pension Payrolls
• Expensing active payroll for the Bank
• Service Recognition shares balancing and