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Morningstar · 2 weeks ago

Payroll Specialist, Americas

Chicago, IL

Full-time

Hybrid

Mid Level

$74K/yr - $126K/yr

Morningstar is a company focused on supporting strategic initiatives and financial health. The Payroll Specialist role involves executing the full Canadian payroll cycle and ensuring compliance with tax regulations and labor laws while providing support to employees regarding payroll inquiries.

Asset ManagementEnterprise SoftwareFinanceFinancial ServicesImpact InvestingMarket ResearchNewsSoftwareTelecommunications

Culture & Values

Responsibilities

End-to-end payroll processing: Manage the full payroll cycle, from data entry and validation to processing and closing payroll for employees across various Canadian provinces

Accurate calculations: Calculate wages, overtime, bonuses, and other compensation elements accurately, including processing retroactive pay

Tax and benefits administration: Process deductions for taxes, benefits, and garnishments; ensure compliance with all federal and provincial laws; and administer benefits enrollments and changes

Compliance and reporting: Ensure compliance with provincial and federal legislation, collective agreements, and company policies

Reconciliation and audits: Conduct monthly, quarterly, and year-end reconciliations of payroll and tax accounts. Assist with audits by preparing data and acting as a point of contact for auditors and government agencies

Employee support: Act as a primary contact for employee questions regarding payroll, benefits, and their pay statements

Data integrity: Maintain accurate and up-to-date employee records in the payroll system

Qualification

Payroll software proficiencyExcel skillsPayroll tax knowledgeAnalytical skillsAttention to detailCommunication skillsConfidentiality

Required

Proficiency in payroll software (ADP, Workday)

Strong Excel skills

Familiarity with payroll tax and legislative requirements across Canada

Ability to research and resolve discrepancies

Perform reconciliations

Analyze data for reports

A high degree of accuracy is critical for calculations and data entry

Strong verbal and written communication skills to interact with employees, HR, and other departments

The ability to handle sensitive information with integrity

Benefits

75% 401k match up to 7%

Stock Ownership Potential

Company provided life insurance - 1x salary + commission

Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages

Additional medical Wellness Incentives - up to $300-$600 annual

Company-provided long- and short-term disability insurance

Trust-Based Time Off

6-week Paid Sabbatical Program

6-Week Paid Family Caregiving Leave

Competitive 8-24 Week Paid Parental Bonding Leave

Adoption Assistance

Leadership Coaching & Formal Mentorship Opportunities

Annual Education Stipend

Tuition Reimbursement

Charitable Matching Gifts program

Dollars for Doers volunteer program