Payroll Specialist

About Magna International

Magna is a global mobility technology leader and one of the world's largest automotive suppliers, boasting over 65 years of industry experience. The company cultivates an innovative and entrepreneurial environment with interconnected product ecosystems and comprehensive vehicle expertise, advancing transportation technology worldwide.

Role Overview

We are seeking a Payroll Specialist to manage the end-to-end processing of assigned payrolls across Canada and the United States. This role involves working with diverse payroll activities including union and non-union settings, handling complex payroll transactions, year-end processes, and payroll record maintenance.

Key Responsibilities

• Execute full payroll cycles weekly and bi-weekly for hourly and salaried employees, encompassing components like garnishments, incentive and deferred payments, stock options, hypo tax, shadow payrolls, and pension payrolls.
• Balance payrolls based on year-end schedules and assist with audits for other payrolls as assigned.
• Establish garnishment setups initially.
• Prepare and reconcile third-party remittances ensuring timely submissions.
• Maintain precise and current payroll documentation and records.
• Complete year-end payroll balancing, filing, distribution of T4s/W2s, and necessary tax form amendments.
• Generate monthly, quarterly, and annual reports for internal and external stakeholders including Finance and Operations.
• Prepare payroll journal entries and reconcile payroll general ledger accounts upon request.
• Maintain detailed division notes, processing instructions, and run books for payroll procedures.
• Respond to payroll-related inquiries professionally, fostering employee satisfaction.
• Contribute to payroll system implementations by defining requirements, preparing test plans, and documenting results.

Candidate Profile

• 3 to 5 years of experience managing large-scale payrolls (over 2,500 employees) across Canada and the US.
• Experience with expatriate or commuter payrolls is advantageous.
• Possession or willingness to attain PCP or FPC payroll certification.
• Proficient with advanced Excel features for reporting and data validation.
• Exceptional organizational skills enabling management of multiple priorities while maintaining confidentiality.
• Keen attention to detail with a proven history of delivering accurate results.

Compensation

Starting annual salary of $60,000.

Additional Information

Magna fosters a dynamic, inclusive environment and supports employee development with extensive resources and varied responsibilities. We are an equal opportunity employer valuing diversity in all forms regardless of color, ancestry, religion, gender, origin, sexual orientation, age, citizenship, marital status, disability, or gender identity.

Applicants' privacy is highly respected; applications should be submitted through official channels in compliance with GDPR and local data protection laws.

Note: We may utilize AI tools to assist in initial application screening. These tools help align qualifications to job requirements but do not make final hiring decisions, which rest solely with hiring managers. Applicant data remains confidential and protected under relevant privacy policies.