PAYROLL FINANCIAL ANALYST / OSHAWA POWER

PAYROLL FINANCIAL ANALYST

Oshawa Power Group of Companies is a parent company of fiber optic, district energy and renewable generation businesses, and the local electricity distribution company that supplies electricity to more than 63,000 customers in the city of Oshawa. Located just 45 minutes east of Toronto off the shores of Lake Ontario, Oshawa serves as the economic engine for the Durham Region. Oshawa Power maintains 1000 km of overhead and underground distribution lines within a 150 km2 service territory, operated at 44 and 13.8 kV, supplied by 9 distribution and 3 transmission substations. The organization is committed to the safe, reliable and efficient delivery of electricity through responsible financial management, strategic reinvestment and continuous innovation.

About this Opportunity

As we continue to grow, we are seeking a high performing Payroll Financial Analyst to join our finance team. Reporting to the Manager, Finance with a dotted line to the Director, People & Culture, the Payroll Financial Analyst will be responsible for all the payroll functions in the organization including benefits administration, supporting the finance department from a financial and accounting perspective through month end close activities and providing reliable information and analysis, on a timely basis. This position will also support both the regulated and unregulated operations.

As the successful applicant, you will have the opportunity to work on:

Payroll related functions:

• Manage the full cycle payroll process using Ceridian Dayforce for multiple entities including union, non-union, management, and executive staff;
• Champion payroll software enhancements that currently include onboarding, performance management and training;
• Perform all related payroll administration including benefit management that include Green Shield, OMERS, MEARIE and Canada Life;

• Track turnover, absenteeism, overtime and other key performance indicators and communicate to department leads on a monthly or as needed basis;

• Conduct annual preparation of T4’s and T4A’s as well as monthly/ quarterly/ annual reconciliations for EHT, WSIB, Form 119 for OMERS Employees’ Contributory earnings and Pension contributions;
• Primary liaison with all staff pertaining to payroll and benefits;

Finance related functions:

• Reconcile payroll related balance sheet account balances and prepare reconciliations on a monthly/ quarterly basis;
• Prepare payroll related journal entries and ensure bi-weekly payroll is accurately posted to the general ledger and all required modules, in a timely manner;
• Analyze payroll accounts, including variances to budget, and provide input into budgeting and forecasting process;
• Maintenance of related systems and ERP modules to ensure accurate record keeping, while meeting regulatory reporting requirements;
• Ensure timely and accurate month-end close procedures for other accounts beyond payroll, including preparation of journal entries, posting of recurring and non-recurring journals, and the preparation and analysis of monthly account reconciliations; all in accordance with IFRS reporting standards;
• Support annual external audit process;
• Assist with reporting requirements to regulatory agencies;
• Support continuous improvement and productivity initiatives within the overall financial function;
• Respond and resolve day-to-day accounting related queries/problems from various departments;
• Assess and document accounting processes and procedures ;
• Support new software implementations and upgrades;
• Ensure compliance to legislative, regulatory, accounting and Health & Safety policies, procedures and standards;

What you have to offer:

• Minimum five (5) years experience in a payroll and/or finance/accounting function, Ceridian dayforce experience preferred; accounting experience preferred;
• Has or working towards PCP (Payroll Compliance Practitioner) or CPA (Chartered Professional Accountants) designation will be considered an asset;
• Experience in a unionized environment preferred;
• Experience in a utility environment is an asset;
• Thorough working knowledge of legislative and regulatory changes impacting payroll;
• Strong knowledge of payroll regulation and laws, including tax laws and regulations;
• Working knowledge of IFRS accounting guidelines;
• Ability to build relationships, collaborate with cross-functional teams, and work with and across various business units within the organization;
• Advanced Excel skills are essential;
• Attention to detail and excellent analytical, reasoning and time management skills;
• Ability to perform detailed reconciliations and numerical analysis;
• Self-starter; highly motivated and able to work independently; asks for help when required; willing to learn and adapt to new technologies and flexible when situations change;
• Strong organizational skills and ability to manage multiple priorities and meet strict deadlines;

What we have to offer:

In addition to working alongside a talented and inspiring team, Oshawa Power offers;

• OMERS Pension fully vested from date of hire;
• Comprehensive benefits package and paid time off;
• Ontario Government Mobile Data plan;
• Fitness & Tuition reimbursement plans;
• Opportunities for professional development and growth within the company.

Application Process:

Oshawa Power is an equal opportunity employer that embraces and celebrates our collective diversity. We welcome all individuals to apply and do not discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, disability, age, Indigenous/Métis status, or other legally protected status.

Interested and qualified applicants are encouraged to submit their resume no later than June 14, 2024 by email to: careers@oshawapower.ca *Please include the position title you are applying for in the subject line. 

We thank all applicants, however only those selected for an interview will be contacted. If you are selected for an interview, please note that you will be required to complete a criminal background check. All applicants must be legally entitled to work in Canada and in accordance with the Ontario Human Rights Code and Accessibility for Ontarians with Disabilities Act, 2005, should you require accommodation through any stage of the recruitment process, please let us know when we contact you and we will work with you to meet your needs.